The Ultimate Guide to Investing in Belize
Are you thinking about buying property overseas? Looking to invest in Belize real estate?
We have put together this guide for investors considering making an investment in real estate abroad and wondering whether Belize might be the best place to choose to buy property, whether that might be a house, condo or parcel of land.
Here we take a look at the top reasons for buying property in Belize and for investing in this beautiful Central American land of lush jungles, rushing rivers and long white sand beaches.
7 Reasons to Invest in Belize Real Estate
1. Fast-Growing Real Estate Market
2. Breathtaking Natural Beauty
3. Generous Retirement Program
4. Ideal Location
5. Attractive Tax Environment
6. English-speaking Country
7. Fantastic Lifestyle
Best Places to Invest in Belize
Investment Opportunities in Belize
Find Out More About Investing in Belize
From its highly attractive retirement program to its world-renowned diving spots and beaches, there are all kinds of reasons for choosing to invest in Belize. Here are our top 7 reasons to dive into this unspoiled, investor-friendly destination.
In recent years, Belize has been widely tipped as one of the hottest real estate investment locations in the world. Foreign buyers have been flocking to Belize to buy homes by the beach for vacations and full-time homes for relocation or retirement. Growth in the Belize real estate market has also been driven by a flourishing tourism sector which has created an ever-increasing need for accommodation in vacation hot spots such as Ambergris Caye and the Placencia Peninsula. In 2019, for example, the country attracted a record 503,177 overnight visitors, which represents a 2.8% increase on the previous year. Whether you’re looking at a vacation home or full-time home for personal use or an investment for the rental market, property prices compare very favorably to other destinations in the Caribbean and Central America, the purchase process is relatively straightforward and foreign buyers enjoy the same rights as Belizean citizens. Furthermore, with visitor arrivals growing rapidly, rental properties in the most sought-after locations can generate a significant Return on Investment.
Belize’s breathtakingly beautiful landscape is one reason why the country has become so popular with tourists and international property buyers. The country’s lush interior is covered with pristine rainforest peppered with fascinating Mayan architectural ruins to explore. Its eastern Caribbean coast is fringed by postcard-perfect white sand Caribbean beaches with swaying palms. Just off the coast lie hundreds of idyllic tiny islands, islets and cayes ringed by the world’s second-longest barrier reef – the Belize Barrier Reef – and the crystal clear, warm waters of the Caribbean Sea.
Another reason that the Belize real estate market has seen such significant growth is the country’s generous and inviting retirement program. The well-established Belize Qualified Retirement Program (QRP), which has been in operation since 1999, offers a range of incentives, including a smooth path to full-time residency for individuals looking to retire in Belize. To qualify, applicants must be at least 45 years of age, be able to demonstrate an income of at least US $2,000 per month from a pension or annuity generated outside of Belize and must spend no less than a month each year in Belize. The QRP Program also offers permanent exemption from all taxes in Belize (such as estate taxes, income taxes, capital gains taxes) and the right to import personal effects, a vehicle (no older than 3 years), a boat and a light aircraft for personal use free of import duties.
Belize is ideally located within easy reach of North America. There are regular daily flights to Belize from many cities in the USA, including Miami (which is just a 2-hour flight away), Dallas, Houston, Atlanta and Newark. It is also possible to fly to Belize from Cancun, Mexico. Most flights arrive in Philip S. W. Goldson International Airport (BZE) in Belize City. The country’s strategic location has made it a convenient gateway to the rest of Central America and the Caribbean.
While better known for its unspoiled natural beauty just a hop, skip and a jump from the USA, Belize also offers other advantages to investors. The country also has a highly attractive tax environment. There are no capital gains taxes, and property taxes are love – assessed at 1% to 1.5% of the unimproved value of the land. As mentioned above, The Belize Qualified Retirement Program (QRP) program allows successful applicants to enjoy freedom from taxes on income derived from outside of Belize. Belize also does not levy capital gains tax, which means, if you purchase a property that appreciates in value over time, there is no tax to pay on the profit when you come to sell it on in due course.
Have you always dreamed of moving to Central America but concerned about the language barrier? If so, Belize could be your ideal destination. As the only English-speaking country in Central America, moving to Belize will not require you to take up any second language classes. English is the country’s official language and is used for all real estate transactions and legal matters so there will be no need to have documents translated and you will be able to read all contracts in the original language.
Straddled between the majestic jungles of Central America and the idyllic beaches of the Caribbean, Belize is one of the world’s most beautiful locations. This breathtaking setting is perfect for all kinds of sports, hobbies and activities both on land and at sea. Love snorkeling and diving? You’ll love the proximity to the Belize Barrier Reef – the second longest barrier reef system in the world. Enjoy water sports? Belize is ideal for everything from kayaking, windsurfing, paddle boarding and canoeing to sailing and fishing. On land, you can also enjoy hiking through national parks and wildlife sanctuaries filled with monkeys and hundreds of species of tropical birds, exploring mystical caves and horse back riding. The world is your oyster. And, if you’d really prefer to just put your feet up and relax in tranquil surroundings, where better to do that than on one of the Belize’s world-class Caribbean beaches? Thanks to a relatively low cost of living, all this and more is available, often at a lower cost than in many other Caribbean destinations.
Summary: A Rapidly Growing Investment Destination
So, in summary, whether you are drawn to the country’s idyllic Caribbean coast or its lush jungle-covered interior, there are high potential investment opportunities across Belize.
To find out more about where to invest, explore our guide to the best places to buy property in Belize.
Discover investment opportunities in Belize on our website:
- Search: Belize real estate
- Search: Homes for sale in Belize
- Search: Condos for sale in Belize
- Search: Land for sale in Belize
- Search: Hotels for sale in Belize
7th Heaven Properties is here to help you. We have the insight and advice you need to begin investing in Belize real estate.
To find out more, contact 7th Heaven Properties, the Luxury Caribbean Property Specialist.
We look forward to working with you and helping you find your perfect property in Belize.