5 Reasons To Retire In Belize
As the most popular real estate company in Belize, we get inquiries from clients across the world about this lovely Central American nation, with a distinct Caribbean character.
Does it make sense to retire in Belize? We get that question all the time. Yes, it does, as Belize is one of the most beautiful places in the world, with a low cost of living, friendly people, great beaches, relaxed lifestyle and all the modern amenities that you would expect.
Here’s a look at the top 5 reasons to retire in Belize.
#1: The Lifestyle.
Are you no longer excited about your job? Do you feel completely exhausted by the rat race and want to just retire and move to a place where you don’t have to deal with all the stress that comes from living in a city like London or New York? Well, Belize is just the right place for you.
You’d be surprised at how relaxed and laid back life in Belize can be. There is no stress or pressure of any sort. Belize is completely different from the hyper-competitive, news-centric and materialistic culture that you’re probably used to.
People are so nice here, and nobody cares about which company you worked for or what was your last position. They don’t care about the political debates and social media outrages that dominate the news cycle in the West. You and your partner will simply fall in love with this place.
#2: The Weather.
Okay, here’s a question – why do people move to Florida after retirement? Why do so many Scandinavians have a retirement home or holiday home in Spain? Simple – it’s the weather.
Bright and sunny, warm temperatures, and more than 300 days of sunshine a year – that’s how the weather in Belize is like. Belize has become a perfect alternative to Spain and Florida. You can spend the entire year in Belize moving around shorts, tank tops and flip-flops. No reason to bring your coats or blankets here.
#3: The Cost of Living.
Belize has one of the lowest costs of living among the top overseas property destinations. You can get along very comfortably in Belize on a retirement income or pension of between $2,000 -$2,500 a year. Your expenses are likely to be less than 15 percent of that in Florida or California.
#4: Low Taxes.
Belize has one of the lowest tax rates in this part of the world. Property taxes are assessed at around 1% of the property price. There is no inheritance tax or capital gains tax. Income tax is exempt for the first $10,000 of your retirement income. Anything over that is taxed at 25%.
#5: The Culture and the People.
Belize is an English speaking country. You don’t have to learn a new language to be a part of the Belizean society. The culture here is the same as what you have in the West. Belize is a free market democracy with a stable economy and political structure. Most people here are law abiding by nature. They are friendly and happy to help when needed. Crime rates are low, even single women can walk at night without fear.
So would you like to buy a retirement home in Belize? Feel free to contact Will Mitchell at REMAX Belize Secret Beach for the details on Belize property prices and about the best homes on the market right now.