Residential property in Belize, Central America, will see a huge increase in sales to foreign buyers in 2010, according to Property Frontiers.

Due to a revival of Latin American economies and an increase in international tourism in the region, the country is predicted to become popular amongst international investors especially as real estate values grew by +15% per year inland, and by up to +30% in coastal locations.

David Cox, Property Frontiers’ director, said: "Although local agents claim that only a slight fall in Belize real estate prices took place in 2008, the Coldwell Banker Index says the average price of four-bedroom houses in San Pedro, Ambergris Caye, was -50% lower in 2008 than in 2007. While this figure is not representative of all markets, it does give an indication as to the bargains available to foreign buyers.”