Walk around San Pedro Town on Ambergris Caye and at every block you will find a Real Estate Office with its walls pasted with photos of properties on sale. Real Estate is a multi-million dollar business on Ambergris Caye. But this is not how it all started. In the beginning it was two or three Sanpedranos/Belizeans who used to advertise by word of mouth and sell properties, small and large to U.S. visitors. These Sanpedranos did not have a college degree nor a realty license (simply not needed). Then came the foreign businessmen like Lester Langdon and South Wind Properties and took control of the Real Estate. On the Front Street, now Barrier Reef Drive, you could not miss the office of South Winds because it was standing all alone right across Fido’s on a property belonging to Felipe, “Tio Pil” Paz. It was a tiny office with a huge sign and the amount of business must have been huge also because there was almost a monopoly. When the Island Plaza was built, South Winds moved right across inside the Fido’s complex. If you hear that real estate is poor today, it is not true. It is because the pie is being shared by scores of other realties sharing the billion-dollar business.
Island Plaza in the center of San Pedro Town