When people talk about the price of real estate, they sometimes forget one important factor. The absolute price is not as important as the value received. After all, you can buy a house in a desolate location for very little money, but would you want to live there? Would it be a good investment for the long term?
Whereas when you buy property in Belize, you are getting a piece of paradise. This is a temperate Central American country with lush rain forests, soft white beaches, and dazzling turquoise waters. When it comes to living a stress-free, happy life, does it get much better?
Additionally, while other countries in the area were attracting publicity, Belize quietly developed its infrastructure. It currently has the best high-speed internet in the region, for example. This makes it an inviting destination for ex-pats.
It has also grown increasingly attractive to tourists. Scuba divers come for world-class diving in the Belize Barrier Reef. Ecotourists appreciate the diversity of species in the protected wildlife preserves. History buffs can explore many ancient Maya sites. From 2011 to 2018, tourism grew from a $176 million dollar industry to one worth $244 million dollars. That is a growth of almost 40% in just 7 years!
With the growth of tourism and the influx of ex-pats moving here, you can be assured that any property you buy will increase in value. If you decide to sell, you will be delighted to know there is no capital gains tax.
Couple all of these benefits with the fact that buying a property in Belize is easy for foreigners and that the official language of the country is English and you can see why so many ex-pats want to buy land here. The government has made it easy for foreign capital to find a home here.
What is surprising is just how affordable Belizean real estate is. Right now, it’s a buyer’s market.
Whether your goal is to find a dream house for yourself and your family, a condo in a retirement community, or commercial or rental properties that will generate income, you will find your money will go further here than you can imagine.
To help you find the best property for your needs, contact Hesed Realty LTD. Our real estate agents are experienced at helping ex-pats navigate the Belizean real estate market. We will provide the expertise you need to make sure your buying experience in Belize goes smoothly.