Though delayed with the coronavirus restrictions, Belize’s Real Estate developments are back on track with their projects. Construction projects may not have seen a full 30-day lockdown during Belize’s State of Emergency, but all projects were affected in some way or the other. With business and movement across the country slowly starting back up, real estate developers push to recover time. Ambergris Caye, where majority of resort and residential real estate is found, has reopened development and plan to make up for lost time. So whether you’re looking to invest or retire, Belize has a home for you! Below, you’ll find some of Belize’s premier real estate developments underway.
Chosen by leading hospitality brand, the Marriot, Alaia will be an Autograph Collection® hotel. Characterized by thoughtful design, exceptional craftsmanship, and an authentic connection to Belize, Alaia can be found on San Pedro, Ambergris Caye. At the moment, Alaia has jumped into construction for their late 2020 debut. Choose to invest between Oceanfront Condos and Beach Villas at San Pedro’s most modern resort community.
As the newest edition to the Caribeville Family, Sunset Caribe is the newest property in northern Ambergris Caye. Not to mention, SMVNF Investments is one of the top developers of vacation property in Belize and has a long track record of successes with Caribeville. The island’s premier property, Grand Caribe Belize, was developed by SMVNF in 5 phases. All phases are now 100% completed, sold, and occupied. Condos start at $199K USD each and are selling quickly!
Sancas Realty forms part of the Santiago Castillo Ltd Group of Companies – a Belizean owned business in operation since 1926. In addition to being one of Belize’s largest food importers and distributors, the group also owns several large-scale retail companies, along with many income generating properties throughout Belize. Importantly, the new Reef Lofts in San Pedro is within this portfolio. Reef Lofts continues to push for their scheduled opening in the next 3-6 months, and to be ready when Belize reopens for travel. Reef Lofts will be available for short-term rental, alongside its on-property pharmacy and mini-mart.
Finding the right investment for you in Belize
Similarly, other investment projects continue to pop up across Belize. Real estate agents are offering many new options for potential buyers to view properties and under the process of buying real estate. Besides, every part of Belize has its own unique charm and character, so its important to find the right fit for you. Below, you’ll find two options on the Placencia peninsula and Cayo district.
Placencia increases in popularity for investment homes and retirement properties. As the benefit of a peninsula, buyers get prime waterfront real estate without paying premium prices. Specifically, with Wild Orchid Belize (the feature photo), a 30-acre property in the heart of beautiful Placencia. This development features 11 ready-to-build waterfront lots with unobstructed views of the Placencia lagoon and the Maya Mountains. Additionally, the entire development has all the basic infrastructure needed plus access through a private road. Lastly, all you need are the plans for your dream home! Start brainstorming now while we daydream of traveling again.
This 62 acres corridor between Benque Viejo and San Ignacio offers western relaxation in natural luxury. The vision is investing in a retreat and lifestyle, with all the necessary amenities. At Chial Reserve, Cayo’s clean mountain air, privacy and serenity, plus outdoor access is the easy access to outdoor activity and good healthy food will no doubt enhance your quality of life. Beyond this, investing in a modern villa at this private reserve represents a security of your investment with great potential for rental return.
Not sure where to start or what to chose? Let a Belize real estate agent help you.
The James Group is a boutique Belize real estate concierge and buyer’s agent with services tailored to international investors. Though their main office is located on Ambergris Caye, the James Group is active in a number of mainland destinations as well. Michael Fields, owner and managing director at The James Group, prides the company on determination and transparency. Mike is eager to share a laugh and help clients feel ‘at home’ to navigate the real estate waters in Belize. With the help of the James Group, you’ll be calling Belize your new home in no time!
Here’s Mike’s short list on why he chose Belize as his promising new home.
- Belize is a 2-hour flight away from many U.S. hubs.
- The official first language of Belize is English.
- International buyers can own property in their own name.
- The Belize dollar is an exact 2-to-1 rate with the U.S. dollar.
- Belize has a low property tax, low income tax, and NO capital tax!
- Real estate buyers may optimize their return on investment through rental from Belize’s strong vacation rental market.
- Belize is a beautiful, tropical country with the warmest people in the world.