This was taken from the May issue of International Living magazine and is found on page 7 of that issue:
SPOTLIGHT ON BELIZE:
"Although tourism grew here by 4.5% in 2006, much of it was due to cruise ship passengers on shore visits. The 1,500 condo units going up on the Placencia peninsula are not selling as fast as they're being built. Buyers of condos have to pay a GST tax in addition to a 5% stamp duty tax upfront, so be prepared to fork over some cash on top of the sales price. We hear of rumblings that some developers are hitting up condo owners for higher monthly maintenance fees just to keep things afloat. However, on Ambergris Caye, oceanfront land is selling like hot cakes. Asking price averages around $3,000 a beachfront foot, around San Pedro town. On the Placencia peninsula, prices are around $2,000 per beachfront foot - if you can find land going. But we forecast the Corozal area will be the hottest area for property developers. And, another thing...the new Delta Airlines weekly service from LA to Belize City in June, as the first non-stop air service from the west coast U.S. to Belize, should boost tourism significantly. See: www.delta.com"