Real Estate Investing Belize
Real estate investing in Belize is the best investment of 2020.
The Covid 19 epidemic revealed all the weak points of government control in many states with a high population density.
An interesting fact was that the political structure of such countries had nothing to do with it. After all, South Korea and China were much more likely to overcome the outbreak of coronavirus than the prosperous Italy, Spain, France and the United States of America.
REVIEW OF THE REAL ESTATE MARKET IN BELIZA
After 2015, real estate prices in prestigious locations such as Plasencia and Ambergris Cay rose annually by two zeros. In general, the total increase today is 100%.
In addition, due to the ongoing interest of foreign consumers, housing costs are rising even in the remote jungle of Belize.
According to information provided by local agents, prices increased by 5-7% every year, even in Cayo County, somewhat remote from the ocean.
It was also possible to meet such illustrative examples: in 2015, a coconut farm with a total area of 607 acres was sold for 165 thousand US dollars, and in early 2020 it was bought for 225 thousand. Total growth amounted to 7.2%.
It is interesting that in Belize there is no taxation on the sale of real estate. So, all the money received from investments will belong to you.
The truth also lies in the fact that it is impossible to find out official information about the cost of housing, due to its complete absence.
However, realtors say that after the crisis of 2008-2009, real estate prices dropped by 25-30%, but by 2012 the cost had been fully restored and did not stop increasing.
As mentioned earlier, housing prices in tourist places and on the shore increased annually by 30% from 2003 to 2007.
According to all the same realtors, the value of the domestic real estate market rises by 15% every 12 months.
But the prices for elite buildings in Belize, as before, do not exceed 1 million US dollars. This is much lower than the cost of similar homes in some other Caribbean states.
There, the price of luxury housing reached $ 2 million.
In early spring, the cost of real estate was on average about 703 thousand US dollars, which is approximately 190% less than the intermediate price of houses in the Caribbean.
TOP 6 BEST LOCATIONS IN BELIZA FOR INVESTING IN REAL ESTATE
The acquisition of houses in this country is the choice of professional investors with extensive experience in business, and senior citizens (present or future).
Regardless of whether you plan to simply invest in real estate or live here after 45 years, there are several wonderful variations.
Let’s take a closer look at the six best places to invest in this beautiful country.
FIRST PLACE – AMBERGRIS KAY
As we said earlier, this is one of the most popular places in Belize. The largest island of the country is considered to be one of the most comfortable for life.
Scuba diving near the Barrier Reef, picturesque beaches, many attractions and great opportunities for water sports attract investors from all over the world.
There are also many unique restaurants that offer delicious dishes based on ancient Mayan recipes.
SECOND PLACE – KAY KOLKER
Kay Kolker Island is famous for its tourism industry. In addition, there is a large selection of water sports. The island is also known for its nightlife, attracting young people.
This area is located next to the Barrier Reef, so you can go diving here. The magnificent beaches in the complex with the direct charm of the island make it a favorite place for many travelers.
THIRD PLACE – PLASENIA
Here travelers are called peace and tranquility. Slow, measured pace of life is one of the unwritten local rules.
When you get to the local ocean beaches, you understand that unity with nature is the most important thing in this mortal world. Picturesque landscapes and the quiet rustle of waves completely take hold of you.
This place is ideal for yoga, writing books and doing business. Every resident is in no hurry, but everywhere keeps up. Make it your motto and you won’t notice how nerves and anxiety fade into the background.
Only comfort, the beauty of nature and the ocean of happiness will remain.
FOURTH PLACE – POINT OF THE GORD
This area is in close proximity to Honduran Bay. Residents who choose this place have access to all possible forms of entertainment.
The pace of life of Punta Gorda or PG is similar to Plasencia. Everything is measured and calm. It should be noted that this region has fairly affordable real estate prices.
If you are still choosing a city or area to buy a home, be sure to include PG on your list.
FIFTH PLACE – KOROSAL CITY
This city is located near the border with Mexico. It is much less touristy. It is rather chosen by foreign investors for life.
To some extent, this is due to the close proximity to the Mexican city of Chetumalu, which has a lot of nightclubs and shops.
Most residential areas of Corozal are privately owned and securely protected.
There are two well-known districts Consejo and Cerros Sands, where it is possible to find both modern buildings and traditional buildings at a very attractive cost.
In the City of Corozal, you can enjoy the beaches and the sun, go have fun in nightclubs or go on an exploration of the Mayan ruins.
SIXTH PLACE – KAYO DISTRICT
This area is located on the border with Guatemala and covers the capital Belmopan. He offers his fans a slightly different beauty.
Here you will find magnificent tropical jungle, natural monuments, the area in which the ancient Mayan tribes settled.
The deeper you move inside the area, the lower real estate prices will be. Cayo is a place in which investors, as well as present and future retirees, are happy to invest.
The main costs of building houses here are slightly less than in other regions of the country, so you can cheaply purchase housing, staying very close to luxurious beaches and water activities.
BASIC GOALS. INVESTING IN REAL ESTATE OF BELIZE
Before you buy real estate in Belize, think about what you want to achieve with your investment.
If in the first place is the ownership of the rented premises, attracting not only you, but also long-playing tenants, then in this case one region will be much more preferable.
However, if you want to initially rent housing, and subsequently move to this house for permanent residence, after 45 years, then completely different terrains are better for this purpose.
If you already now want to not only live in Belize, but also run your own business, then you need to opt for areas as close to the center as possible.
Professional specialists of our company will help you make the right choice among the whole variety of real estate in Belize.
With us you can easily and simply register your own company in this wonderful country. A pleasant addition will be the fact that most of the procedures can be carried out remotely.
The accounting department of the company must compile quarterly, annual financial reports and provide declarations to the tax service. Contact us for more information.