When it comes to making investments, generally you can’t go wrong with real estate. We all dream of living a life of luxury, yet for many, “dreaming” is as far as they ever get. But what if you could make your dreams a reality? Well, if you’ve always fantasized about living a life of luxury in a tropical paradise, and almost certainly making a very tidy profit in the process, you can: by investing in real estate in Belize. Real estate is one of the safest ways to invest your money. Belize is one of the most stunning locations in the entire world, and real estate in Belize is in higher demand now than ever before. Now is the perfect time to invest in Belize real estate. There are many Reasons to Invest in Belize Real Estate – but lets just address a few:
Here are 7 Reasons to Invest in Belize Real Estate!
Reason #1: The official language of Belize is English
When we consider moving to a foreign country, we often have to resign ourselves to the fact that language barriers will be a problem, and that we may need to learn to speak a new language. If you invest in Belize real estate however, this needn’t be a concern for you, as the official language of Belize is English. If you plan to live in your real estate investment this is a game-changer. Additionally, the English-speaking community is useful for business transactions, for legal issues, and for simply arranging routine maintenance and repairs etc.
- Read more about what its like living on Ambergris Caye, Belize
- Read more about living in Belize in general
Reason #2: Belize is situated in a prime location
In terms of business and pleasure, Belize’s location makes it a very attractive prospect for property investors from all over the globe. Belize is situated in close proximity to North America, and can be reached in just two hours by plane from Miami. There are direct flights to and from several other cities and states as well, including: Los Angeles, New Jersey, Atlanta, North Carolina, just to name a few. You can hop on a plane and fly directly to Belize from many parts of Canada and Europe as well. For people looking for a vacation home or a second home, Belize is perfect because you can be in your little tropical paradise in a matter of hours, with minimal effort.
Reason #3: No capital gains or real estate tax
From an investment POV, having no capital gains or real estate tax in place is very attractive. Basically, when you invest your money in a Belize property, it will almost certainly increase in value as time goes by. When the time comes for you to sell the property on, you will therefore make a very, very healthy profit. The great thing about having no capital gains or real estate tax in place, is the fact that you get to keep all of the money you make, rather than having to hand some of it over to the government in taxes. From an investment perspective, this is the example that often seals the deal for many.
Reason #4: Low tax rates
As if the aforementioned tax perks weren’t enough, there is also the fact that income tax rates on real estate in Belize are also very low. If for example, you choose to rent out a property as a vacation home for tourists etc, of your earnings from renting out the property, you would be taxed just 1.75%. Tax rates on properties in Belize are also very low, as most new properties will cost just a few hundred dollars each year, which is nothing in the grand scheme of things. Did we mention that Belize is a Tax Haven?
Reason #5: Tourism is huge in Belize
As Belize is such a stunning part of the world, tourism is on the up, and is increasing on a near daily basis. Each year, tourism increases in Belize by an average of 20%. This is thanks, in part, to cruise lines, as 85% of all tourists in the area are actually cruise ship passengers who wish to explore the stunning location as soon as their ship docks. Because of this, business owners and investors are flooding to the area. If you want to tap into the tourism market, investing in Belize real estate would allow you to do exactly that. Tourism directly correlates with real estate activity, so the more tourism there is, the greater the demand for properties there will be.
Reason #6: Belize is nice and stable
In a world rocked by politics, conflict, economic crisis, and much more besides, it’s nice to enjoy a little stability now and then. Belize is the epitome of stability as it is a democracy in every sense of the word. Because of this, it is able to enjoy high levels of political and economic stability, which means you can enjoy peace of mind. Belize is a member of the British commonwealth, so you can rest assured that your investment is in the very safest of hands. No wonder Belize is such a popular destination for people looking to retire. Hundreds of people have purchased real estate in Belize – ranging from families looking for a place to vacation while also providing some rental income to savvy real estate investors. Purchasing real estate in Belize doesn’t have to be complicated. Read: How to purchase Belize Real Estate.
Reason #7: Belize is a tropical paradise!
Finally, as if all of the above wasn’t enough to convince you to invest in real estate in Belize, how about the fact that it is a tropical paradise? With stunning white sandy beaches, hot sunshine, blue skies, coconut groves, palm trees, and turquoise lagoons, Belize is one of the most desirable locations on the planet. Frequented by numerous Hollywood A-Listers, Belize real estate is the real deal.
There you have it… 7 Reasons to Invest in Belize Real Estate…
But there are so many other reasons! Belize is a tax haven. Its safe. You can own magnificent beachfront property for a fraction of what it would cost to buy…or even RENT a home in many of the major US cities! Contact one of our Belize real estate professionals today and let us help you to make one of the best investments of your life!