Ex-pats living in Belize often rely upon “International Living” (IL) for advice on topics that range from how to pick the perfect retirement destination to making the important investment decision once it’s found.
According to IL experts, there are myriad reasons to make your move now if you have been mulling a Belize move but haven’t quite made the leap. They include retaining control of your assets, generating cash flow, creating a hedge against inflation and investing in property that may prove even more valuable down the road.
Given Belize’s growing reputation for being the best Western Hemisphere location for North American investors—based on proximity, value, lifestyle and government perks—visitors are turning into land owners in record numbers, a fact not lost on Engel & Volkers Real Estate Advisor Gayone Ritchie.
“I see it every day. Tourists arrive in need of rest and relaxation. Before they realize it, they are falling in love with Belize—especially Placencia where our real estate firm’s client base is growing faster than ever before.”
Ritchie cites airline route increases between North America and Belize as a major driver of this phenomenon. “Access is everything. For people who didn’t frequent Belize due to the inconvenience of flight schedules, the addition of new major airline routes has pushed an already-healthy real estate market into the stratosphere.”
When Engel & Volkers advisors meet perspective buyers, they don’t have to work hard to explain why investing in Belize isn’t just a good idea but a spectacular one. “Property prices are more reasonable than those in neighboring nations and everyone here speaks English. When I tell them about Belize’s Qualified Retirement Program (QRP) and how it advantages ex-pats, sometimes, I don’t have to say another word.”
For reticent investors, Ritchie explains that property purchases in Belize give buyers the same rights as Belizean citizens. “Investors have complete control over how they use the property and since our government is modeled on the British system, purchasing real estate is a very understandable process. There is no capital gains tax here in Belize and property taxes don’t exceed 1.5-percent. Sometimes, I have to say that twice!” Ritchie laughs.
For prospective investors and retirees, having a single resource for the purpose of finding property, negotiating prices and handling legal work associated with a purchase is both a time- and stress-saving advantage. And knowing that every Engel & Volkers real estate advisor is skilled at easing the anxieties of future Belize landowners, even hard-to-please clients relax and gain confidence in their decision to invest.
“The Belize real estate market is moving at the speed of light,” says Ritchie. “Premier properties with waterfront, river and channel access sell first, so the sooner potential buyers get to Belize, the better their chances of finding property that exceeds their expectations.”
For more information about property investment in the Placencia Peninsula, visit the Engel & Volkers website: https://belize.