Mennonite settlers number about 7,400. There are also small groups of Baha'i and Muslims. Belize Real Estate Listings North American middle income earners will find property prices higher in Belize than anticipated, especially when compared to the rest of Central America. In comparison to other Caribbean nations, however, Belize is quite economical and enjoys the crystal waters, white sand beaches and more than 200 tropical cayes associated with the tropical region. High foreign demand and limited financing have sent real estate prices upward.
Little money is available for street and housing construction, so offerings are limited.
Neighborhoods popular with retirees are Consejo, Placencia, San Narciso, and Hopkins. The small coastal town of Cosejo near the northern border has become a retirement haven for foreigners. Other development projects are planned for the future, but currently developed lots and homes are hard to come by. Placencia, is a newly developing residential area located at the tip of a peninsula. Not much is available yet, because the area is still opening up, but opportunities exist for the real estate developer.