Guide to Buying Belize Real Estate
Posted by David Kafka on 09/18/2016 09:26 AM
If you have been debating whether or not to buy Belize real estate, you may want to consider doing it sooner rather than later. There is so much to see and do in Belize. You can enjoy river rafting, exploring Mayan ruins, taking in breathtaking waterfalls and marveling at the world’s second largest Barrier Reef. You can do it as a full-time resident and not just a visitor because the property prices there are incredible.
The country gets trade winds giving the interior as well as the coastal areas a tropical climate all year long. What makes buying Belize real estate such a great investment is that the prices for homes, condos and even entire islands are truly affordable and on the rise. The country is becoming more popular with Americans and is quickly becoming a retirement hotspot.
The current trends in the real estate market show no signs of slowing down, yet most properties are available for a fraction of the price comparable properties in the United States are available for. Yet, when you buy into Belize, you can easily buy into a tropical paradise in a country that is proud to offer government stability and plenty of English speaking residents to accommodate as many American expatriates as wish to move there.
The American dollar is strong and equals about two Belize dollars. This is expected to stay this way even if the international marketplace were to begin showing signs of economic decline.
As for property prices, it is not unusual to find a $700,000-$900,000 luxury home available even on the coast. Compare this to a luxury home on Southern California’s or Florida’s coasts, and buyers can expect to save well over $1 million dollars on similar dwellings. Additionally, Belize is home to low property taxes which often strain the pockets of even the wealthiest US coastal property owners.
Buyers of Belize properties can enjoy all the benefits of living in a tropical beach paradise without the huge price tag. For anyone considering buying into Belize, it is important to know that property values are expected to increase. Buy in now and expect to gain quickly on your investment.
While figures do vary, it is expected that tourist areas should see a 30 percent increase in value each year. Other areas of Belize should see about half that, but that is still a substantial gain for property owners who want to make a decent investment in their property purchases.
For Americans retiring to or just moving to Belize as a vacation spot, the best areas are those that border Mexico and Guatemala. The north’s best area is Corozal Town which is right by Mexico. The Cayo District which borders Guatemala is another area popular with Americans. Properties there are being snapped up in the $500,000 range.
For more information, work with a real estate company that handles Belize property with Americans directly. They can provide you with the best tips for getting a beautiful property at a great price.
About the Author
Patrick Rogers operates Asurent Property Management located in Ashland, Oregon. To find out more about Asurent’s services, you can learn more by visiting here: Asurent Property Management