Invest in the House of Your Dreams in Belize
The island of Ambergris Caye is the largest of all the islands off the coast of Belize. You may reach the stunning Belize Barrier Reef in a distance of less than a mile from the eastern coast of Ambergris Caye. The Belize Barrier Reef is the largest barrier reef in the Western Hemisphere. Continue reading to learn the most compelling arguments for investing in Belize.
Reasons Why You Should Invest in Belize
1. A significant gap between demand and supply
The number of tourists visiting Mahogany Bay Real Estate is currently at an all-time high. Belize has seen a continuous rise in the number of tourists who visit the country over the past two decades. In 2019, the country welcomed more than 500,000 overnight guests from throughout the world.
The number of tourists visiting Belize in 2022 came close to matching those seen before COVID. Our Caribbean location continues to see year-over-year expansion of about 25% on average, making it one of the fastest growing destinations in the world.
2. The language of instruction in schools across Belize is English
In this part of the world, the language of business is English. Without having to worry about language limitations, it will be much simpler to conduct business matters, legal contracts, and real estate transactions. Your retirement move just became a lot easier!
3. Neither a tax on capital gains nor a tax on estates are levied in Belize
Residents are eligible for tax reductions that are not available in other nations. Your costs won’t be increased by taxes on real estate or on gains from the sale of property. Investing in real estate in this area can allow you to keep more of the money you earn for yourself.
4. The rental market is dominated by short-term agreements
The market demand for vacation accommodations in Ambergris Caye is for nightly rentals rather than monthly rentals due to the island’s popularity as a vacation spot. This not only increases the potential income of numerous investment properties but also provides owners with a great deal more flexibility for their own personal use of their island retreat.
For instance, it is not unusual to find rental rates of more than $400 per night on properties that would normally rent for $1,800 per month if they were not being used as vacation rentals.
Ambergris Caye has a robust market for vacation rentals of overnight accommodations. If you are considering investing in real estate, you should know that the returns can be quite impressive. A great number of rental homes charge an average of more than $400 per night, which is equivalent to a monthly fee of $1,800.
Additionally, this provides owners with increased personal flexibility in the use of their land. No matter what happens, you will still be able to enjoy the benefits of owning property.
5. Belize’s property tax rates are among the lowest in the world
Mahogany Bay Properties are quite inexpensive, and the related procedures are straightforward. The majority of homeowners may anticipate spending no more than a few hundred dollars to purchase their property. You will also have complete ownership of your land as well as title, just like in the United States and Canada.
Many other destination nations, such as Mexico, do not grant citizenship to individuals who were born outside of the country as rapidly as the United States. Because of this, purchasing real estate in Belize is a walk in the park.
6. The Belize Qualified Retirement Program (QRP)
It is substantial, and it enables individuals to qualify for retiree status at the age of 45 or younger!
7. Safeguarding of assets
A further line of defense against legal action in the United States can be provided by foreign ownership.
8. The setting, the setting, the setting
Ambergris Caye was named as the number one island in the world by remaxbelizerealestate.com in 2013 and 2014. In 2016, U.S. News & World Report ranked Ambergris Caye as one of the top retirement destinations in the world. This distinction is only bestowed upon one other island in the world.
The country of Belize provides convenient access to other locations. In the United States, a trip to Miami takes two hours, a flight to Houston takes 2.5 hours, and it is a short distance to many other locations in the United States.
9. The time zones in Belize always work well for people living in North America
At no point is Belize more than two hours behind or ahead of either PST or EST. (Because Belize does not observe daylight savings time, the country stays on Central Standard Time (CST) for half the year and then switches to Mountain Standard Time (MST) for the other half.) This is essential for the simplicity of conducting business as well as maintaining relationships with friends and family.
10. The economy of Belize is showing signs of expansion
The economy of Belize is expanding at a tremendous rate! During the years 2015 and 2016, a number of large airlines started providing service to the country, while other airlines have expanded the number of routes they offer.
These are significant indications that the economy of Belize is growing, and they should not be ignored. In addition, this improves the standard of living for permanent residents and retirees of Belize.
11. Reasonable prices for flights to Belize
An increase in the number of airlines that service Belize’s sole international airport (BZE) will lead to increased competition and lower airfare pricing. When you invest in Belize, a visit to your tax accountant can reveal that the flights you take to check on your property could be deducted from the taxes you owe if you itemize your deductions.
12. Ambergris Caye is one of the top five property markets in the world
Ambergris Caye is currently one of the most lucrative markets in the world. According to remaxbelizerealestate.com, it will be one of the finest areas to buy beachfront property in the year 2021.