Why it Makes Sense to Have a Second Home in Belize
Ambergris Caye in Belize is one of the best places to own a second home. Dubbed “La Isla Bonita” by Madonna, this island is a tropical paradise that attracts travelers from all over the world. Visitors come to dive in the second largest barrier reef in the world, to bask on the white sand beaches and to enjoy San Pedro’s vibrant nightlife.
It’s easy to imagine living here. You could start your day sailing or snorkeling in the crystal-clear waters of the Caribbean Sea. Follow it up with a spa treatment at a resort and a simple but delicious meal at one of the many gourmet restaurants serving succulent local cuisine in the island. Then relax on the beach before meeting your friends to go bar-hopping.
This relaxed yet vibrant lifestyle does not have to be just a dream. You can make it a reality thanks to how easy it is to buy property in Belize.
This sharply contrasts with other Central American countries. For example, in neighboring Costa Rica, if you wish to buy a beachfront lot, you must first find local investors to put up a majority stake. In Panama, you have to figure out whether a property is “titled” or “right of possession” as the latter is government land that cannot be sold to foreigners. Meanwhile, in Nicaragua, you may accidentally be offered a property that was illegally seized by the Sandinistas.
You avoid all these issues in Belize, which is a safe and stable former British colony that still hews closely to the standards of British common law. It does not have strict rules in place that make it difficult for foreigners to invest in beachfront property and it is not politically volatile.
Because English is the official language, it’s easy to communicate the terms of a contract. Property taxes are low and prices, even for beachfront real estate, are still relatively reasonable. Thanks to Belize’s popularity as a tourist destination, it’s easy to rent your property when you are not using it. Any rental income you make will be taxed at a low rate. Finally, if you choose to sell your second home, you will not have to pay capital gains taxes, though we wonder if you will ever want to sell your fabulous home in Belize.
This is particularly true if you buy one of the properties offered by Salt Life Belize. This new community located in San Pedro puts you right near all the action. You will be able to walk to the beach or into town, flip-flops optional. Your new condo or townhouse will have all the modern conveniences plus you will have access to the many amenities the resort has to offer. This includes a management team that will help you rent out your property when you are not using it, simplifying the process of generating cash flow from your beautiful vacation home.
As you can see, there are many reasons you should get a second home in Ambergris Caye. Please contact our friendly team at Salt Life Belize today to help make your dream a reality.