Belize City, the commercial capital and Caribbean cruise ship port of call, is located on the eastern coast of Belize. Once lost in its history as the nation’s original capital, the battered city is gradually regaining its dignity.
The official master economic development plan is well underway with the fresh face of the Belize Tourism Village. Preservation efforts are progressing for many of the historical government buildings, museums, cathedrals and other important tourism sites. But one of the most important economic underpinnings is the expansion of the Philip Goldson International Airport and interconnecting highways. These improvements are anticipated to improve Belize City’s appeal for both tourists and expats.
Given the investment incentives offered by Belize, and the political commitment to infrastructure improvements and cultural heritage preservation, Belize City property values are expected to rise. New development properties near the airport are being offered and new home developments are planned. The timing is right for expats and investors inspired by a Central American destination city on the mend.