Buying a home in Belize
In a recent survey published by Point 2 Homes, an influential real estate news website, Belize is the fifth-most popular destination for Americans buying real estate in countries in the Western Hemisphere. First and second place were reserved for America’s NAFTA partners Mexico and Canada, and the American-ruled territory of Puerto Rico came in third place. But leading up the top 10 was Belize, just slightly ahead of the Virgin Islands and behind Costa Rica.
According to Point 2 Homes, American home buyers perform a mindboggling 31,000 Google searches every month for Belize property. Knowing that Belize is the only country in Central America where English is the official language and that Belize enjoys year-round balmy weather, it’s no surprise that the country was such a popular choice for Americans seeking to move abroad.
Interest in buying real estate in Belize is also helped by a number of high-profile articles that touted the attractiveness of the country, including by CNBC, the AARP, National Geographic, and the New York Times. With a stable, peaceful democracy and zero restrictions on foreign ownership of property, the real estate market in Belize is currently undergoing a boom.
Belize also imposes very low property taxes, usually just 1-1.5% of the undeveloped value of the land. Add in liberal residency requirements and the ease of travel to the country, and it’s easy to see why Belize is a top choice for Americans seeking to move overseas. Belize has also experienced double-digit growth in tourism during the past five years, making Belize one of the hottest markets in the region for vacation rentals.
Belize is also a top choice for Canadians interested in buying vacation homes, investment properties, and a retirement destination. According to Point 2 Homes, Belize is the fourth most popular destination for Canadians buying real estate overseas, coming in just behind Mexico, Costa Rica, and the United States.
One of the best places for retirees and investors is the community of Cerros Sands. Located in Belize’s northern Corozal District just across the Bay of Chetumal from the island of Ambergris Caye, Cerros Sands is a true “community in the country.” Offering homes, condominiums, and undeveloped beach- and waterfront lots, Cerros Sands is a master-planned, gated community that is 100% reliant on renewable sources of energy. Built to exacting “green” standards, Cerros Sands offers retirees and investors the chance to enjoy modern conveniences in an unspoiled Caribbean setting.
If you’d like to learn more about buying real estate in Belize, contact Cerros Sands today.