If you were to ask a random person what their vision of paradise is, you would likely get an answer involving sun, warm water, and beaches. It’s no surprise that tropical destinations are popular places to retire for people around the world, but especially for those living in North America or the U.K., The main question is whether this dreamy high quality of life can be had for a lower price. The answer is yes when you consider Belize as your investment or retirement destination.
Why Belize?
There are several reasons why this Caribbean destination has become very popular with expats and investors. One is undoubtedly the gorgeous climate, scenery, and beaches. Belize enjoys warm and mild weather nearly all year round. The culture is colorful and accessible with English as the official language. Activities and sightseeing opportunities are neverending with Maya ruins, jungle tours, scuba diving and much more available.
Affordable
However, one of the biggest reasons Belize has emerged as a retirement and investment destination is its real estate affordability. Belize has the perfect economic landscape for a buyer’s market. Whether you’re looking for rental property, personal property or commercial property, Belize has affordable prices and an easy transaction process for those familiar with North American and U.K. law. The reason Belize is such an attractive investment destination is a combination of things. One is that the country worked quietly on infrastructure for years while other neighboring countries got more press. Once those countries became pricier, investors immediately caught sight of Belize. This means that Belize offers a high quality of life for a low cost of living. It’s no wonder expats and investors have been flocking to the country for the last few years.
Easy to Travel to and from
Belize achieves this status through its strong and ever-growing tourism sector. One of the prime factors in this is how easy it is to get in and out of the country. Belize has handled this admirably with continued improvements to the Belize International Airport. Expansion and renovation have included extra check-in counters, a bigger baggage claim, more duty-free shopping, more departure gates, and an expanded parking area. As a result, Belize has one of the fastest tourist arrival growth rates in the Caribbean. Flight routes continue to increase from North America with direct flights from big airlines like Delta and American. Jobs in the tourism sector make up about 13 percent of employment in Belize. Each year, tourism-related stats have increased in Belize as the word gets out. National Geographic magazine even prominently featured Belize as an eco-friendly destination for two years in a row.
It’s no wonder Belize has become a spot for amazing real estate opportunities in recent years. If you’re looking to invest in Belize or find a great retirement destination, then Placencia, Ambergris Caye, Corozal, San Ignacio, and Caye Caulker are some of the best places to look. All of these areas are packed with real estate opportunities, including beachfront property, rentals, commercial real estate and much more.
Written by Larry Waight
