Are You Planning to Buy Property in Belize?

Belize is a small Central American country known for its dazzling beauty. Belize has a picture-perfect climate, friendly locals, and a relaxed way of life. Nothing ever happens in Belize in a hurry. There is a great deal of interest in Belize from Americans, Canadians, and Britons looking to buy a second home or a holiday home. Let’s understand why.

 

Top Reasons to Buy Belize Property

Low Cost of Living

Belize has a very low cost of living. You would be surprised at how far your dollars take you here. Properties in Belize are highly affordable – you could buy a large mansion here for the cost of a small apartment in Boston.

The healthcare facilities in Belize are of a reasonable quality despite being really cheap. The property taxes are very low; insurance is cheap as is the public transport.  Cost of labor is cheap too – you can hire gardeners, house cleaners, cooks and other hired help for almost next to nothing.

 

Little or No Taxes

If you’re from Canada or the U.S., you know how taxes eat up so much of your income. That won’t be the case if you move to Belize. Here, you don’t have to pay any tax on income made from foreign sources.

This means if you’re getting a pension from the U.S., you won’t have to pay a tax on that when you move to Belize. There is no capital gains tax or inheritance tax. So your children wouldn’t have to pay any tax if they were to inherit your property in Belize.

 

A Picture Perfect Climate

Belize has a perfect climate. The country is well protected by the Caribbean Sea which controls the humidity level and ensures that there are no big changes to the weather. The temperatures don’t go from hot to cold or vice versa in a hurry. However, there are occasions when Belize has been impacted by storms such as Hurricane Irma arising from the Caribbean Sea – but the damage has been less severe compared to some of the other countries in the region.

 

 The Stunning Island of Ambergris Caye

The island of Ambergris Caye is one of the most popular destinations for those who want to buy property in Belize. It is the biggest island in Belize and is so much unlike the big cities you’re used to. Ambergris Caye real estate is growing in popularity but lots on North Ambergris Caye are extremely affordable especially lots near Secret Beach. San Pedro Town is probably the most popular destination on Ambergris Caye and is the islands largest city.

The ambience here is relaxed and laid back. You will develop a calm state of mind as soon as you move here. The beaches here are great too.

The town of San Pedro on Ambergris Caye is a great place for shopping, having coffee or a healthy, wholesome meal at a fine restaurant. You could go anywhere you like here on a bike or a golf cart and nobody would mind.

 

 The Tranquility of Caye Caulker

Caye Caulker is another lovely island in Belize and worth spending time at. This is a small island, not as densely populated as Ambergris Caye, so you will have vast stretches of the territory for yourself. You will have spectacular views of the Caribbean Sea and can relax and sunbathe on the beaches for as long as you like.

For more great advice on buying property in Belize, do get in touch with WILL MITCHELL of REMAX Belize Secret Beach. Will has helped several people find their dream home in Belize.