If you’re looking for a 2023 investment opportunity, it’s time to think about Belize. Here are some reasons the Belize real estate market is poised for a major takeoff.
Belize Is Beach Life on a Budget
One of the reasons Belize remains a popular place for vacationers and expatriates is that it’s still affordable compared to other places. Few people can afford to retire in places like Hawaii, Costa Rica, coastal California, or Bermuda. By contrast, Belize is an affordable paradise with year-round sunshine, beautiful beaches, and an easy, enjoyable lifestyle.
Investing in Belize Is Easy
There are many options when you consider buying property in Belize. You may want a property you can rent out to vacationers or long-term residents. Maybe you want to start a new business. You may want to own a home here that you vacation in and eventually move to for retirement. All these and more are possible in Belize. Here are some reasons why it’s easier to buy investment property in Belize than almost anywhere else:
In Belize, you own your property outright. Many countries have a residency requirement for foreigners. You must live in the country if you want to own or co-own a property. In Belize, you own the property and that’s that. Ownership laws are transparent and easy to understand.
Belize has a stable currency. Some overseas investments are risky because of fluctuating currency rates. In Belize, you are dealing with a currency pegged to the U.S. dollar. It is easy to understand because the currency has a consistent ratio of $1.00 U.S. dollar to $2.00 Belizean dollars.
Belize isn’t overcrowded. Belize has a sparse population, and this remains true despite the large numbers of retirees and expatriates who have moved here in recent years. A lot of good real estate is still available, including beachfront property.
There is no language barrier. English is the official language in Belize. Furthermore, its legal system and property ownership rights are like those of the U.S., U.K., and Canada. This makes it very easy to do business here.
People Want a Simpler Life
The years following the lockdowns and other deprivations of the COVID-19 pandemic have left many people disillusioned with their lives. Post-pandemic life has forced many people to question whether their stressed-out, overly busy lives were worth it. Record numbers of people began working from home and discovered that they enjoyed it too much to give it up.
Recent articles in business magazines and other publications have discussed the trend of “quiet quitting” and other measures workers are taking to reduce their stress. Considering these trends, it’s easy to see why Belize is an attractive option. With a strong infrastructure, including fast internet, it’s an ideal location for digital nomads or people who want to start a new business and a new life.
Belize is surrounded by natural beauty. Residents and vacationers spend their time walking, exercising on the beach, kayaking, fishing, gardening, and eating fresh, organic food. It’s a simple, healthy lifestyle that most people prefer to their formerly stress-filled ones.
Belize Has Many Desirable Areas
Although it’s a small country, Belize has many areas that attract tourists and expatriates. Most people agree that the Placencia Peninsula offers the best of both worlds. It is a stunning 16-mile beachfront, but it is not overly developed. It still has the slow pace of a Caribbean village.
Get an Expert’s Help with Your Belize Real Estate Investments
If you’re new to investing in Belize, work with a trusted expert. At RE/MAX 1st Choice Belize, you will find experienced agents who live and work in the Placencia Peninsula. They know the Placencia region well, and they know which investments look the most promising there. Several of their agents are expatriates, so you’ll get expert, first-hand guidance on buying property and relocating to Belize. They will be happy to help you find the best investment opportunities in Belize.
Featured Photo courtesy REMAX 1st Choice Belize