Belize attracts retirees

From The Real Deal

The latest "it" country for tropical property could be Belize, according to Propertywire, which reported last month that the Central American nation’s decimated property values are making it an appealing option for retirees from the U.S. and Canada seeking inexpensive beachfront property.

Asking prices for homes in some areas of Belize have dropped by as much as 50 percent, according to David Cox, a director with international property investment consulting firm Property Frontiers. "Although local agents claim only a slight fall in Belize real estate prices, the reality is different," Cox told Property Wire.