Top Reasons to Invest in Belize Real Estate in 2019 & 2020
The Belize real estate market has been booming over recent years, it has become one of the most sought after destinations for real estate investors in the Caribbean. Belize real estate is a popular choice for investments for people from many different income brackets, particularly as the market goes into the 2019 and 2020 seasons. Let’s take a closer look at the top reasons to invest in Belize real estate in 2019 and 2020.
Reason #1: It is a buyer’s market
Belize is a buyer’s market right now, the market strongly favors the purchaser, this includes commercial real estate, residential real estate, and raw land. This means that you can get great deals on any type of property, no matter what type of investment you are looking to make in the real estate market. Despite it being a buyer’s market, the real estate in Belize still sells incredibly well thanks to the ever-increasing popularity of Belize as both a retirement destination and a spot for sun-seeking tourists.
Reason #2: Tourism in Belize is increasing by the day
Belize is quickly becoming one of the most popular tourist destinations in the world. In fact, in 2011, it was calculated that tourism made up 12% of the country’s GDP; in 2018, that percentage went up to a stunning 38%. The amount of tourism in Belize continues to grow every year, with most people choosing to make Belize their favorite travel destination. This means, as a real estate investor, there is an ever-increasing demand for both commercial and residential property.
Reason #3: Belize culture is truly unique
Although Belize is a popular tourist destination, it has not turned into a tourist trap like other destinations in the area. Belize has a true Caribbean culture that shines through in every facet of life there, from the types of businesses located in Belize to the lifestyles enjoyed by residents. Going to fresh markets, visiting local restaurants and businesses, and even visiting ancient ruins and historical sites are all well and alive in Belize. The thriving Belize culture is one reason why people flock to Belize, whether they are tourists visiting for a week or retirees looking to make a new home.
Reason #4: The climate is gorgeous
Belize is well known for its climate, which is considered to be sub-tropical. There is a rainy and a dry season and temperatures almost never fall below 70 degrees even in the coldest months. In addition, some areas of Belize (like Ambergris Caye) enjoy balmy sea breezes, offering relief from warmer daytime temperatures.
Reason #5: There is a lot of untapped potential
There are a lot of real estate investment opportunities that will give you a chance to enjoy untapped potential in Belize, whether it is buying up seafront property or purchasing a commercial property that will be turned into businesses, the majority of Belize real estate has untapped potential as the country continues to grow and develop.
If you are looking for a great real estate investment opportunity, don’t pass up the chance to invest in Belize real estate in 2019 and 2020.