Real Estate Values.Belize, and Placencia in particular, is currently witnessing sustained interest from both foreign and local investors. With the real estate market increasing in 2007 and 2008 and annual capital appreciation at over 20%, property has been selling incredibly fast. Real estate prices in mainstream Caribbean territories for properties similar to Ara Macao are now exceeding the million dollar mark. And it has not just been the islands that have seen significant rises: Panama and Costa Rica have both witnessed considerable capital appreciation.With prices still much lower than most of the Caribbean, Belize is set to enjoy capital appreciation for many years, to eventually match property valuations seen in other Caribbean destinations. Within Belize, Placencia offers a terrific value proposition and future opportunity. The chart below lists published pricing for two bedroom/two bathroom condominiums throughout the Caribbean and Central America. Ara Macao is currently offering two bedroom/two bathroom condominiums (est. 1,800 square feet including indoor and verandas) with ocean views starting in the low $300,000, a cost per square foot of $180.
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