BELIZE REAL ESTATE
Why Buy Real Estate in Belize?
From the secluded beaches and steamy rainforests to its amazing weather and stunning oceans, Belize is a tropical paradise that has become one of the most visited destinations for global tourists and sun seekers. Expats, travelers, and business people have long sought property on various islands in Belize because it is home to the beautiful oceanfront real estate that is available at the fraction of the price you would expect in other Caribbean destinations. Not fully convinced yet? Here are some more reasons why you should buy in Belize:
Advantages Of Buying Belize Real Estate
Buying Process is Straight Forward
Buying a home in Belize is in many respects, quite similar to buying a home in the U.S. or Canada. For one, the majority of the property sales that occur are done in US dollars. Additionally, the buyer often does not have to deal with restrictions as the process has been streamlined and designed to make it easy for foreigners to buy Belize property. As long as you have done your proper diligence and planning, you shouldn’t face any problems.
Belize is aptly situated in close proximity to North America which is always a plus for any international investor. Belize is only 2 hours away from Miami while direct flights are available from numerous cities and points such as Dallas, Atlanta, New York, and a number of major Canadian cities, just to mention a few. There are also direct flights available from Europe. This availability of flights has spawned an increase in Belize real estate investments. Over the years the frequency and direct flight locations have increased drastically, further adding to the appeal of buying Belize real estate as there is a direct correlation between tourism and real estate value.
Belize real estate is currently quite affordable when compared to other real estate markets. High demand destinations such as Caye Caulker, Ambergris Caye, San Pedro and Palencia there are a number of desirable real estate opportunities. Most individuals who do not live in trendy neighborhood pay less than $15 each year as property tax on their home. Property tax and foreign investment tax is very low in Belize, making it very attractive for investors looking to buy affordable land or develop for the future.
Belize offers attractive tax sheltering incentives to encourage foreign investors. For example, there are no capital gains or inheritance taxes expected in Belize. Additionally, the Belize Retired Person’s Incentive Program enables retirees to apply for long-term residency in Belize. If accepted, these retirees can live in Belize tax-free for the entire duration of their stay.
Freehold Property Ownership & Equal Property Rights
Foreigners looking to invest in Belize can be sure that they will receive the same treatment as other residents of Belize that are buying property. Buying decisions here are also seamless and straightforward which largely helps to explain why there has been a spike in property investments in the last few years.
Political & Economical Stability
Belize is a true democracy that enjoys both political and social stability. In such an environment, you can be sure that your investment is safe and protected at all times. Furthermore, Belize has enjoyed a stable exchange rate for more than 25 years.
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