7 Reasons to Invest in Property in Belize
According to Amberlamb “These seven reasons are unarguable and in our opinion they are the only reasons you need to consider!
1) Stability
The economy in Belize is stable, the Belizean currency is linked to the American dollar, the political climate is stable, Belize is a democracy, the legal system is based on the British legal framework and what’s more, Belize is still an independent member of the British Commonwealth.
What all this adds up to is the fact that the nation need not be considered an emerging or even cutting edge market - rather it is a stable, democratic country which has a balanced economy and is a nation in which one can have faith.
2) Tax Friendly
The offshore financial services industry in Belize is relatively highly regarded and well regulated; it is also quite advanced and supported by the government. In addition to this fact, the taxation framework in Belize is conducive to encouraging international business and investment into the nation because there are no capital gains or inheritance taxes.
3) Popularity
The fact that a number of American celebrities have homes in Belize and that the nation was chosen for the filming of Temptation Island has increased awareness of the appeal of the nation in America and beyond.
Naturally this means that increasing numbers of people are looking at holidaying in Belize or buying a holiday or retirement home there - thus opening up a property investor’s target client base.
4) Massive Tourism Interest
Belize has the strongest tourism industry in the region and since 1998 Belize has seen tourism numbers rise every single year. The nation is acutely aware of its reliance on the tourism industry and therefore does and will continue to do everything it can to facilitate business growth. Clearly this factor also increases an investor’s potential client base and it also means that for the long term property in Belize is of interest to investors.
5) Location & Language
Belize is highly accessible from North America and now from Western Europe as well. The language mainly spoken in Belize and always used in business is English which makes it a country easily identifiable with for British, American and Canadian buyers.
6) Natural Beauty
Belize has the second largest and most fascinating and beautiful barrier reef in the world. The diving in Belize is considered among the best in the world, ecologically speaking the nation has a diverse abundance of rare and striking flora and fauna, and in spite of its beauty and the fact that it is underdeveloped compared to many other destinations in the Caribbean its real estate is incredibly competitively priced.
7) Real Estate Availability
Property in Belize specifically for investment purposes is sufficiently in abundance to offer an investor choice - you can choose from properties in the most popular Cayes that rent year round and for top dollar for example if you’re looking for an income from your investment; alternatively there are developments where you can buy in off plan or in bulk and benefit from capital growth upon resale.
In conclusion, Belize has a fascinating real estate market, it is a stunning nation full of potential and as a result it is certainly one worthy of at least closer inspection if not an investment commitment to the residential property market. Read the original article here.
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