Why Placencia, Belize, Is the Best Place to Buy Real Estate Right Now
Investors looking for real estate in Central America often think of Costa Rica or Panama as their first options. Here’s why the Placencia Peninsula of Belize deserves a second look for serious investors looking for new real estate opportunities in 2020.
An Ideal Location
The Placencia Peninsula is the southernmost part of Belize. This curved peninsula encompasses 16 miles of beachfront that has made the peninsula a magnet for tourists and expatriates. An estimated 10,000 retirees and expatriates from the US and Canada currently live in Belize. Many of them have chosen the Placencia Peninsula for its well-developed amenities and scenic charm.
Recreation activities in Placencia include kayaking, snorkeling, scuba diving, saltwater fly fishing, whale shark snorkeling, zip-lining, sailing, hiking, and birding. Historical attractions nearby include the many important Maya ruins found throughout Belize.
The peninsula has its own airstrip in addition to hotels, restaurants, tour guide outfitters, shopping and banking. With a steady influx of visitors and a stable residential community, Placencia offers opportunities for real growth.
Buying Real Estate in Belize Is Easy
Belize offers many advantages to foreign investors. The country’s official language is English, which makes it easy to conduct business. As a former British colony, laws regarding real estate and financing will be familiar to most people from the US, the UK, and Canada.
The Belize government has also instituted various incentives for foreign investors, retirees, and expatriates.
Belize is a charming country that offers a relaxed lifestyle, great food, wonderful weather and a wide variety of recreation and culture options. Visitors and expatriates find it easy to settle in here with English as the main language and a currency exchange that’s easy to understand. For these reasons, real estate in Belize is very desirable. Properties for residential use, vacation use or commercial use all sell quickly here.
Belize’s real estate prices have started to increase in the past few years, but there are still many incredible bargains to be found.
Although there are many beautiful areas of the country, the Placencia Peninsula stands out for its closeness to many activities and its scenic beauty. While other parts of Belize are still largely rural and untouched, the Placencia area is comparatively well-developed and welcoming to outsiders.
If you’re interested in a real estate opportunity that is still affordable but offers enormous potential for income and appreciation, take a close look at the Placencia Peninsula.
Get Expert, Local Real Estate Advice
Navigating the real estate market of Belize requires knowledge of local laws, regulations and banking requirements. You’ll find that some ways of doing business are different here, and an experienced, knowledgeable guide can help you ensure your documentation is correct.
Boris Mannsfeld & Associates has been successfully buying and selling real estate in the Placencia Peninsula for decades. They are the go-to agent for the best investment properties on the peninsula.
If you’re interested in some of their most intriguing real estate options in the Placencia area, contact them today.