RISMedia's Real Estate Magazine

SEP 2018

Real Estate magazine is the industry's leading source for real estate news and information since 1980. Published monthly by RISMedia, Real Estate magazine offers timely and relevant real estate news to the industry's top brokers and agents.

Issue link: http://remag.rismedia.com/i/1017650

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Page 32 of 134

28 September 2018 RISMedia's REAL ESTATE E stablished in 2004, Vista Real Estate Belize is a full-service company proudly offering Belize's highest level of real estate services. With five staff members, three agents and one broker, the firm serves the country's six districts (Corozal, Orange Walk, Belize, Cayo, Stann Creek and Toledo), in addition to the surrounding islands and cayes. Here, Broker/Owner Hugo Moguel provides an in-depth look into the current housing market— and what the future holds for those looking to purchase in this highly strategic location. Please describe your current housing market. Prices are rising throughout Belize, especially in the more populated areas such as Ambergris Caye and Belize City. It's also important to note that the average home price varies by location, the size of the home, the materials used for construction and general cost of living. That be- ing said, we currently have a total of 686 listings, of which 316 (46.06 percent) are active. The remaining 53.94 per- cent are sold or leased. Tell us about the types of properties in your market, and which are most popular. We deal with all types of properties, whether it's private islands, residential (in- cluding rentals), commercial, land, farms, ranches, ho- tels or resorts. While clients are most active in Belize City and Belmopan (Belize's capital), their interest lies in residential property, land and income-producing com- mercial properties. What types of buyers do you work with? Our buyers are both local and foreign, typically hailing from the United States, Latin America, Europe and Asia. Within the past five years, we've seen an increase in foreign investment in Belize, primarily among retirees—or those about to retire who are seeking a new home or the land on which to build. Vacation homes are another popular request among buy- ers who are interested in using properties seasonally or being placed into a rental pool. {Global Spotlight} Luxury Beckons in Belize by Paige Tepping

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