Placencia

The Hummingbird Highway has seen maintenance upgrades.

The southern highway serving Placencia and Toledo is in better shape and being repaved.

These aren't dramatic transformations, but they're steady improvements making travel easier and safer.

Better roads make properties more accessible, which increases values.

And finally, we've got Belize.

Belize offers warm weather, Caribbean water, English as the official language, v- close proximity to the United States, and established retirement communities, especially in places like Placencia.

Healthcare may be more limited for complicated medical needs, though.

So that's something that retirees r- in particular, um, should really research carefully.

The digital economy brings high-income individuals who need quality housing, good internet, and urban amenities.

This drives demand in places like San Pedro, Placencia, Belize City, and Belmopan.

How big is construction and real estate itself?

Construction is probably 5 to 10% of GDP.

I

see a lot like on Placencia Peninsula because we have a lot of North Americans living here, part or full time.

Oftentimes there's tension and misunderstanding because people, when they come here on vacation, they feel like, they understand us and we understand them and that our cultures are pretty similar.

Like, oh, we have the Belizean dream and the American dream and we all value freedom and self-expression and individuality and that we all speak English.

Mm-hmm.

Uh, the Placencia guys are totally different from we guys.

Like, how could I say? The fish...

Uh, because everybody has different water how to fish.

You know, the Placencia guys, they have to run all the way out to the flats on the reef.

We guys in San Pedro got it easy.

It's right out in, in our backyard.