Why Now Is The Time To Invest in Belize Real Estate
As Belize has increasingly become a popular vacation destination, airlines, resorts and tourism service providers have begun entering the lucrative market. Last year, Southwest Airlines began regular non-stop service to Belize from its Houston hub and now American Airlines has just announced that it will begin offering direct service from London Heathrow to Belize starting in November. And just last week, Belize was named a top destination in Central America at the World Travel Awards.
As airfare and other services have become more affordable, Belize has increasingly become a top destination for retirees. Housing prices are significantly lower in Belize than in the United States, Canada or Europe, and services like housekeeping and cooks usually cost US$20 per day or less. Due to the warm year-round climate, retirees can see significant reductions in winter fuel bills, and steady sea breezes keep air conditioning costs lower as well.
Belize is a small country in Central America, the only nation in the region where English is the official language. With a stable, democratic government and a legal system based on the British model, Belize is a safe place to retire and do business. Recent investments by the government in the infrastructure have dramatically improved the condition of roadways and bridges, and modern healthcare services are affordable.
Belize currently offers residency permits on very advantageous terms for qualifying individuals, including tax benefits, no duties on personal vehicles (including boats), and an exemption on all imports into the country for a full year. Retirees and investors are required to live in the country for just one month a year in order to qualify.
Whether you’re interested in retiring in Belize or want to invest in a second home, the planned community of Cerros Sands in the Corozal District offers affordable waterfront living. Completed homes as well as parcels with access to the beach or channels with deep water Caribbean access are now available at very competitive prices. Designed by developer Mark Leonard who lives in the community with his family, Cerros Sands is a gated, deed-restricted community with a full range of modern amenities. Land Parcels start at $17,700 with financing.
Cerros Sands is situated directly on the Corozal Bay and benefits from less rainfall and cooler sea breezes than most of the rest of the country. Less than 10 miles away is the Mexican border town of Chetumal, home to low-cost retail giants like Wal-Mart, Home Depot and popular chains like Chedraui and Liverpool.