Remax Belize
In the past five years, the Belize real estate market has grown rapidly. The country is gaining a reputation as a retirement paradise. Foreign buyers are coming from all over the world. Many of them are Americans, but there are also plenty of Italians and Russians. Investing in Belize real estate is a great way to get a piece of the Caribbean paradise.
Among the many advantages of owning a home in Remax Belize is its low property taxes. Real estate is cheaper in Belize than in most parts of the US. This is due in part to the fact that the Belize dollar is tied to the US dollar at a fixed exchange rate. However, interest rates are high, making purchasing a house here a bit of a challenge.
Luckily, there are many affordable options to choose from. For instance, a one-bedroom beachfront house in Placencia can be rented for US$1,000 a month. Meanwhile, a three-bedroom family home on Ambergris Caye can be rented for about US$2,250 a month. These rents are surprisingly low.
Why Are Remax Belize Real Estate Prices Dropping?
The biggest advantage of owning a second home in Belize is that it is a relatively safe and secure investment. You have the same ownership rights as locals, but you don’t have to worry about the country’s erratic government. Additionally, the cost of housing is a fraction of the United States.
Belize is a Central American nation. Although English is the official language, Creole is spoken widely. A large part of the country is bilingual, which makes it easy to get around.
Belize has the second largest barrier reef in the world. Belize is a tropical paradise, with a year-round climate. Its tourism industry is expanding and has grown by 96% since 2011. The Belize dollar is tied to the US dollar at an exchange rate of two Belize dollars for each American dollar.
Belize is a growing market for foreign investors. Many of them are Americans, but Canadians and Italians have also expressed interest. Retired persons are also a growing demographic, with a liberal retirement program in place.
One of the best areas for an American to buy a second home is the Cayo District, which borders Mexico. Properties there are typically priced in the range of US$500,000.
Belize has many other perks. Not only is it a tropical paradise, but there are many tourist attractions to see. Among the most popular are Ambergris Caye, Placencia and Corozal Town. They are home to some of the most luxurious homes in the country.
Buying a new home in Belize may seem daunting at first, but it’s actually a fairly easy process. Upon completing your application, your agent will need your full name, address and a color copy of your passport. Then, you’ll have to submit a down payment to an escrow account. Finally, you’ll have to draft your offer. While it may not be a formal process, you’ll need to take the time to do a little homework.
