With so many other tropical destinations to choose from, more and more people are choosing to invest in Belize real estate thanks to a combination of factors. Located just 2-5 hours’ flying time from the United States, Belize is a wonderland of unspoiled beaches, tropical islands, and pristine rainforest protected by aggressive conservation policies from the government.
And now with six of the biggest airlines in North America flying nonstop to Belize from major cities across the United States and Canada, it’s easier and more affordable than ever for retirees and expats to manage connections back home. Belize enjoys year-round warm weather with a climate similar to that of South Florida but an environment free of traffic jams, overcrowding, and heavy commercialization. You won’t find any Starbucks in Belize, only local mom and pop style restaurants serving up delicious food.
Belize is the only country in the region where English is the official language, meaning you’ll never have to worry about wonky phone apps or translators in order to talk to people, read documents, and handle your business. Belize is a melting pot society with several distinct countries, and 40% of the population is 15 years old or younger, giving Belize a youthful, energetic feel.
Once known as British Honduras (named for the Bay of Honduras, not the nearby country of Honduras), Belize has a long tradition of welcoming foreigners. Whether it was Mennonites fleeing religious persecution in Europe or the Garifuna, an Afro-Caribbean people, seeking freedom from enslavement, everyone is welcome in Belize. There are absolutely no restrictions on foreigners buying, selling, or renting property, and the courts strongly enforce property rights.
Belize is also well known as an offshore haven for banking privacy and asset protection. Foreigners can establish what are known as International Business Companies that can own and manage property, and property taxes are just 1-1.5% of the undeveloped value of the land. The government of Belize imposes no capital gains taxes, and the QRP program allows qualifying individuals to import personal goods into the country duty-free including cars, boats, and light aircraft.
A rising tourism market, excellent asset protection, fabulous Caribbean weather, a low population density, and the convenience of flying to and from Belize are all some of the many reasons why Belize real estate is a hot prospect right now.
Cerros Sands is an excellent place to retire or invest in Belize real estate.