5 Reasons Why Belize Real Estate Is a Great Investment
You probably already know Belize is a great vacation destination. With its beautiful beaches, subtropical temperatures, and friendly people, it has become a popular winter and spring break getaway for many people. Did you know that Belize is also an ideal place to buy property if you’re an investor or looking for a place to retire? Here are the top 5 reasons to buy real estate in Belize in 2020.
1. Location, Location, Location
When looking for a place to retire, you want a location that offers everything you need to live comfortably. You want a place that provides enough cultural and outdoor adventures so you can stay active. At the same time, you want to be able to relax. Belize offers all of this and more. It’s ideally located in Central America just a few hours by plane from the U.S., making it an ethnic melting pot that is welcoming to everyone. It is bordered on the east by the warm and tranquil waters of the Caribbean Ocean and the largest barrier reef system in the northern hemisphere. Its location makes it the perfect place to swim, snorkel or dive whether you’re a novice and expert.
Your money goes a lot further in Belize than in most other countries due to the low cost of living. For every U.S. dollar, you get two Belizean dollars. Real estate is available in a wide range of prices and styles, from waterfront condominiums to beachfront houses. In addition, you may be able to live tax-free if you qualify for Belize’s retired person’s incentive program.
3. Economic Stability
Belize is seeing a boom in tourism and property development. More people are discovering the beauty of its untamed natural resources. This means economic health and stability for the country and its residents. The existing infrastructure, such as roads and utilities, is being upgraded throughout the country.
4. Political Stability
Unlike some other South or Central American countries, Belize has a stable government. It has a parliamentary democratic system that was formed in 1981. Its current elected prime minister is popular with Belizeans and the country has not experienced any politically-based violence.
5. Salt Life Belize
One of the most popular places to visit and invest in real estate is San Pedro, Ambergris Caye. The largest island off the coast of Belize, Ambergris Caye is a combination of quiet beaches, turquoise waters, and mangrove forests. San Pedro is the only town on the island and is the ideal location for anyone looking to buy real estate.
Salt Life Belize in San Pedro offers affordable options ranging from studio apartments to two-bedroom townhomes. The community is based on the concept of inclusivity for visitors and locals. When you tour the model homes at Salt Life Belize, you will notice a mix of modern architecture with a tropical flair. The 50-acre development will include a resort, fishing lodge, and beach club. Salt Life Belize units can be used for a full-time residence or as an income-generating rental property.
Buying real estate in a foreign land doesn’t have to be risky and 2020 has never been a better time to buy property in Belize. With newfound affordability and incentive programs, it’s the ideal time to start living the tropical lifestyle you want.