Why invest in Belize
Belize may not be the first country that comes to mind when looking at property investment opportunities; however, this Central American country has a lot to offer the savvy investor. Situated between Guatemala and Mexico, Belize has many unique and attractive features that appeal to those looking for a second home or a source of rental income.
So why is Belize such a good investment opportunity? First and foremost this is a beautiful country that remains relatively unspoilt. There are a number of natural attractions here. With a landscape that encompasses both lush jungles and sandy beaches, what`s not to like? And against a backdrop of the Caribbean Sea, the Belize Barrier Reef and over 450 small islands the view is pretty good too.
The tourism sector in Belize is continuing to grow and the Government is keen to develop this further. The country`s safe waters make it popular with those with an interest in snorkelling, scuba diving and boating. There are plenty of opportunities for kayaking and snorkelling on inland rivers too. Belize`s wildlife reserves, Maya ruins and large cave system mean that there are many other attractions to explore and the country is developing a burgeoning ecotourism market. This is helped by the friendliness of the locals and high standard of affordable living for visitors, particularly European and American tourists.
Belize is a former British colony and remains a member of the Commonwealth. English is the official language, although Belizean Creole and Spanish are widely spoken in day to day situations. The use of English in official documents makes it easier for Brits to buy here as the sale details and transaction documentation, such as title deeds, are easy to understand.
Those looking to buy here will find that property is currently much more affordable than that found in other Central American countries. Foreigners have the same rights as a Belizean when buying property and are not hit with the level of additional taxation that can be found elsewhere.
If you decide to invest it is worth bearing in mind that estate agents are not regulated here. It is, therefore, essential to do your homework and use a solicitor who has suitable experience. You should also remember that this is an undeveloped area where income is generally low and the infrastructure is basic. Coastal areas, however, do have better amenities than that found inland.
All of these factors mean that Belize offers excellent opportunities to those looking to invest in property here. This is very much a country in its infancy when it comes to tourism. Its natural beauty and attractions means that visitor numbers continue to increase and it is, therefore likely that there will be a corresponding effect on property prices and this is why it’s wise to invest in Belize.
If the prospect of owing a little bit of paradise appeals then start to do some research. Investigate the different areas of the country, use a loans calculator to see how much you can afford to borrow and start a new investment journey.