Real Estate Market in Belize is BOOMING!
Belize is continuing to experience red-hot growth in its tourism sector. In the first nine months of 2017, visitor numbers have increased nearly 8% from the year prior partly due to a 5.8% increase in the number of cruise ships making port of call in Belize. The Belize Tourism Board expects visitor numbers to increase after WestJet begins flying their new route from Calgary, Alberta to Belize on November 3, 2017, and Air Canada begins flying from Toronto to Belize beginning on December 15, 2017.
This growing trend of vacationing in Belize is reflected in a number of media publications such as the recent article by Forbes that listed Belize as one of eight top international destinations for fall and winter travel. This is also reflected in the number of celebrities and VIPs who have chosen to visit Belize as a vacation destination, including members of the British royal family and Hollywood A-listers like Charlize Theron, Harrison Ford, and Jack Black.
The growing number of tourists is sending property prices skyward. With the government of Belize imposing zero restrictions on foreigners buying, owning, or renting property, many savvy investors have snapped up prime locations, using these assets as a revenue generator throughout the year. Belize is a well-respected offshore jurisdiction that allows foreigners to create locally registered companies to manage property, an excellent way to protect hard-earned income.
And with a sub-tropical climate similar to that of South Florida, it’s no surprise that more and more people are choosing to retire and/or invest in Belize. The country is the least densely populated in Central America, making its lush nature and beautiful weather the prime focus. And with hundreds of miles of Caribbean coastline, it’s no surprise that Belize is a popular choice for people who enjoy sailing, snorkeling, fishing, and scuba diving.
Cerros Sands is a gated, master-planned community located in the northern Corozal District of Belize just a few miles from both Mexico’s Yucatan Peninsula and the Belize Barrier Reef, the second-largest barrier reef in the world. Cerros Sands offers retirees and investors the chance to buy prime property including beachfront homes and lots with deep channel access to the Caribbean Sea.
Cerros Sands offers investors attractive rates on financing and will rebate up to $2,000 in travel costs for visitors who ultimately purchase property in the community. To learn more about buying real estate in Belize or investing in a second home in this beautiful country, contact Cerros Sands today.