Belize: One of the world’s best places to invest in real estate
Ever heard the phrase “Timing is everything?” This advice was given by Greek poet Hesiod in 800 BC when he wrote: “Observe due measure, for right timing is, in all things, the most important factor.” Fast forward nearly three thousand years and this message is likely to resonate if you’re thinking of retiring to Belize where your money has the potential to stretch as far as Greece if properly invested. The Belize government is primed to do what it can to help you continue to accumulate wealth, even after retiring to this laid-back Caribbean utopia.
-Credible sources like Forbes, Huffington Post, The Telegraph, CBS News and a long list of others have named Belize one of the planet’s best places to buy real estate, because valuations are climbing, property is affordable and where can you find this much beauty in a land with such a low cost of living?
-Invest in Belize real estate and you’ll always stay close to your holdings. Live here full time or commute back and forth. The largest domestic airlines are fighting an airfare war that’s projected to continue, so investors can come and go without spending a fortune. Round trip tickets that once cost $600 are now in the neighborhood of $300.
-It’s easy to invest in Belize properties. Affiliate with a realtor and the hard part is done. Legal transactions are conducted in English so paperwork is understandable, and frankly, if you’ve ever run the gauntlet of real estate transactions back home, you’ll be in for a surprise in Belize: all parties make the process easy and relaxing.
-Count on stability when investing in Belize real estate because investors are prioritized by the government, economy, legal system and even currency. The exchange rate is fixed at $2 BZD per $1 USD, so fluctuations won’t affect transactions. Belize is home to a stable political system unlike some nations in the region.
-Your investment in private property will be protected and respected; foreigners receive exactly the same protections, assurances and rights as are granted Belizeans and once you close, you receive and hold title to your property. Foreign land ownership restrictions don’t exist as they do elsewhere in Caribbean.
-Belize is a financial haven for investors, so once you begin your real estate adventure, you’ll find that Belize’s offshore financial benefits are quite accommodating. Capital gains and estate taxes don’t exist here, property taxes are very low and rental income is taxed at a jaw-dropping rate of 1.75-percent of gross receipts.
-Retirees are invited to take advantage of the Belize Residency Program that exempts ex-pats from taxes related to investments, work income and the importation of personal goods totaling $15,000. Prove that your income is $2,000 annually and you’re granted retirement status if you’re 45 or older.
-Invest in real estate here and you can rent out your property when you’re not around. Finding tenants is easy given our idyllic year-round weather. Live on an island or inland; all locations offer easy access to year-round attractions, entertainments and fun because Belize is only the size of Vermont. Even domestic help is affordable here.
-Discover an “instant community” by purchasing property in Orchid Bay, the most talked-about gated community in Belize. It’s the epitome of Caribbean living. Homes are affordably priced and come with modern infrastructure, waterfront luxury and close proximity to entertainment, recreation and cultural sites. An investment in Orchid Bay re-defines value in a geographic area that’s simply paradise.