Ambergris Caye, the largest island in Belize’s coastline, is located on the eastern side of the island. The Belize Barrier Reef is located less than a mile from Ambergris Caye, and it’s the largest barrier reef of the Western Hemisphere. Continue reading to learn the top reasons to invest in Belize Real Estate.
“Belize ranks #4 “If your dream of a new life overseas is all about soft white sand, lapping azure sea and swaying palm fronds, San Pedro, Ambergris Caye, should be at the top of your I’m-going-to-go-have-a-look list,
Belize Investment: Top 10 Reasons Why You Should Invest
- High demand, little supply
Belize’s tourism is at a record high. Belize has experienced a steady increase in visitors over the past 20 years. In 2019, over 500,000 visitors stayed overnight in Belize. Belize’s tourism numbers are expected to reach levels similar to those prior COVID in 2022. Our Caribbean destination has double-digit annual growth and an average of nearly 25%.
- English is the official Language in Belize
English is the official national language of Belize. It is easy to handle real estate transactions, business contracts and legal matters without any language barriers. You’ve just made your retirement move a whole lot easier!
- Belize has no estate or capital gains taxes.
Tax breaks are available to residents that are not available in other countries. You won’t have to pay any capital gains taxes or real estate tax! You’ll have more money to spend if you buy property in this area!
- There’s a market for overnight rentals
Ambergris Caye being a popular destination for vacationers, nightly rentals are more in demand than monthly rentals. This increases the income potential for many investment properties, and allows owners to use their island getaway more freely. It’s not unusual to see properties that rent for $1800 per month at $400 per night.
Ambergris Caye has a strong overnight rental market. You’ll get a great return on investment if you buy a property. Rental properties can cost up to $400 per night. This would be equivalent to $1,800 per monthly. Owners can also use their property more freely. Property ownership is a great investment.
- Belize’s property taxes are very low
The property taxes are low in Belize and the process is simple! Property owners in Belize can expect to spend only a few hundreds dollars on their property. You’ll enjoy the same full ownership of your property and title as you would in Canada and the U.S. Other destination countries such as Mexico do not grant foreign born citizens land ownership as quickly. Property ownership in Belize is a no-brainer.
- Belize QRP is generous
You can retire as early as 45 years of age!
- Asset Protection
The U.S. courts can be protected by foreign ownership.
Ambergris Caye was ranked the #1 island on TripAdvisor two years ago. U.S. News & World Report (r) classified Ambergris as a top retirement destination in 2016. This is the only place on earth to have received this award. Belize is a great place to visit! Miami, Houston and many other U.S. destinations are all within easy reach of Belize Property Listings.
- Belize’s time zones are convenient for North America.
Belize is always within 2 hours of PST or Eastern Standard Time. Belize does not observe daylight saving time. Therefore, half the year the country follows CST and the other is MST. It is essential for business and keeping in touch with family and friends.
- Belize’s economy is growing.
Belize’s economy is growing rapidly! In 2015 and 2016 several major airlines began to service the country and existing airlines added routes. These are all important indicators of the Belizean economy’s growth. It also improves the quality of living for Belizean retirees and residents.
- Cheap flights to Belize
Increased airline service at BZE (Belize’s only international airport), means increased competition and lower airfare prices. You may find out that your trips to Belize to check on your investment property can be tax deductible.