Things to Know About The Belize Real Estate Market in 2018
If you’ve ever thought about buying property in Belize, the time to act is definitely right now. The country is currently experiencing double-digit increases in the number of tourist visits, leading to increased demand for vacation rentals, services, and people choosing to retire in the country.
Once you’ve visited Belize, it’s easy to see why so many people are choosing to live in this country. Stunningly beautiful Caribbean vistas, golden sand beaches, year-round balmy weather, and a surprisingly low cost of living are drawing in retirees, investors, and expats from across North America and Europe.
Belize also makes it really easy for foreigners to buy real estate and live in the country. If you’re 45 or older, Belize’s QRP program makes it really easy for you and your family to get permanent residency in the country. And the QRP program allows you to import all of your personal goods, including vehicles, into the country tax-free. Best of all, you’ll never have to pay any taxes on income earned from outside the country.
Sometimes, it’s hard to believe that there are still really good properties available at reasonable prices in Belize. Now that other similar destinations in the region like Mexico and Costa Rica are getting overcrowded and very expensive, Belize is rapidly becoming a popular choice. Add in the fact that Belize is an English-speaking country where you’ll never need to rely on a translator to talk to locals or read documents, and it’s easy to see why the real estate market in Belize is red hot. Even famous Hollywood personalities like Leonardo DiCaprio and Francis Ford Coppola are buying real estate in Belize.
If you’ve ever thought about buying real estate in Belize, be sure to contact Orchid Bay or sign up for their buyer’s tour. Orchid Bay is a master-planned, gated community located in the country’s northern Corozal District. Built right on the sparkling waters of Chetumal Bay, Orchid Bay offers residents all the comforts of modern living in a gorgeous Caribbean setting.
Orchid Bay is located close to many top attractions in Belize, including the offshore reef, nature reserves, animal sanctuaries, and even ancient Maya cities. Orchid Bay is also just a few miles from the Mexican border city of Chetumal, home to familiar low-cost retailers like Walmart, Home Depot, Sally’s Beauty Supply, and Sam’s Club.
Don’t hesitate. Your dream home in Belize is waiting for you! Contact Orchid Bay today to learn more about living in this beautiful Caribbean paradise.