Whether you’re approaching retirement, looking for a good investment, or simply want to protect your hard-earned assets, real estate in Belize is becoming an increasingly popular choice.
Belize has a lot going for it – pristine beaches, a balmy climate, and a low cost of living. Belize is also fast becoming a top tourist destination as Americans and Canadians are increasingly turning away from other, nearby destinations like Mexico or Costa Rica that can be over-crowded, subject to currency flunctations, and politically unstable.
But Belize has another advantage that no other destination in Central America or the Caribbean can compete with – a peaceful, stable, and democratic government that is fully committed both to the long-term preservation of the environment as well as to welcoming foreign investors and retirees. Belize, a former British colony, is an English-speaking country, and there are zero restrictions on foreigners buying, selling, or renting property.
Belize also allows foreigners to easily set up offshore corporations that can own and manage property, a safe and reliable way to protect assets. Furthermore, Belize imposes zero capital gains taxes, and property taxes are assessed at an incredibly low 1.5% of the property’s undeveloped value. Add in a simple and easy way to gain legal residency in the country (that includes no taxation on income earned outside Belize), and it’s easy to see why the real estate market in Belize is red hot.
Furthermore, the Belizean dollar (abbreviated BZD) is permanently pegged to the U.S. dollar at 2:1, an excellent protection against unforeseen changes in value that can plague currencies like the Mexican peso or Costa Rican colones. Belize uses a fee-simple title for properties, and the process for buying and selling real estate is very similar to that in the United States. All titles, documents, and records are in English as well, so there’s never any need for cumbersome and expensive translations.
One of the best places to buy real estate in Belize is Cerros Sands. A true “community in the country,” Cerros Sands is a gated, master-planned neighborhood that is entirely self-reliant on sustainable energy sources. Designed to offer expats and retirees modern comfort in a beautiful, natural setting on the shores of Chetumal Bay, Cerros Sands has homes, villas, condominiums, and undeveloped lots for sale beginning at just $17,700. Cerros Sands also offers financing at very competitive rates.
If you want to learn more about buying real estate in Belize, contact Cerros Sands today.