Located near the Mexico/Belize border is the Corozal District. This area features a warm, sunny climate year-round, plus close access to popular attractions like a large barrier reef that is the second-largest in the world after the Great Barrier Reef in Australia. The laid-back and welcoming destination makes it very popular with expats. Now, expats have even more reason to consider investing in Corozal as the Belize government recently announced that it would be spending 100 million dollars to resurface and upgrade the Corozal/ Sarteneja Road.
Loan From Taiwan
Taiwan is loaning Belize 50 million U.S. dollars to help facilitate the project. The purpose of the loan is to help finance the road project, which will consist of upgrading the Corozal Sarteneja Road and also to construct two bridges in the Corozal district. The road and bridge project is sure to boost infrastructure and bring further business and investment to the area. Currently, the road spans 27.5 miles along the coast and much of it is still in a natural state. The two areas that will have bridges built are currently navigable by ferry only.
Another boon to the development of Corozal is an announcement back in late 2018 that the Mexican president would be reducing taxes in the nearby Chetumal area.
Buying Real Estate in Corozal
Real estate in Corozal still offers excellent value in the present, but there’s no doubt that the values are likely to increase in the future. The Cerros Sands retirement community in Corozal is a great place to get beach property for retirement purposes or as an investment. This community is peaceful and laidback with nearby access to shopping, churches, healthcare and popular tourist attractions. Cerros Sands is gated and safe with a location that is under ten miles from the Mexican border.
For more information about homes, lots and condominiums in beautiful northern Belize, contact Cerros Sands today.