Buying luxury properties in Belize can be a smart move for both investment and personal use, depending on your goals.
Belize offers very favorable property ownership laws where foreign investors and buyers have full property rights, which is not the same as in many other Caribbean and Central American countries.
Featured Property:
Gorgeous Sea-View 3 Story Hotel + Penthouse
Location
San Pedro Town, Ambergris Caye
Property Type
Condo
Bedrooms
N/A
Bathrooms
N/A
Price
$1,400,000
Popular areas of Belize with International Buyers:
Belize is an English speaking country, which is also its official language, which means making legal, financial, and daily transactions more straightforward for most international investors and buyers.
The currency used in Belize is the Dollar (BZD), which is pegged to the US Dollar at a stable rate (2 BZD = 1 USD), and US dollars are widely accepted throughout the country.
For investors and buyers in Belize real estate, the annual property taxes are it is noted is low, even for high-end properties, which can be ideal to generate the most income from rentals, plus there is the advantage of no capital gains tax in Belize, which again benefits real estate investors.
Belize benefits from a growing tourism sector, particularly in the eco-friendly and and marine based tourism sectors, which can result in higher vacation rental income for luxury beachfront and jungle properties.
Belize offers a Qualified Retired Persons Program (QRP) that provides tax exemptions and residency benefits to retirees who meet simple criteria, as well as no inheritance tax, estate tax, or capital gains tax.
Belize is a world-famous location for its natural beauty and eco-friendly reputation, has the second-largest barrier reef in the world, lush jungles, Mayan ruins, and abundant marine life.
To obtain a title to a property in Belize it is typically done via a fee simple, similar to the U.S., Canada, and the UK. A 'fee simple' refers to the most secure and common form of property ownership, granting the owner full and absolute rights to the land and any structures on it. This means you own the property outright, with the ability to use, sell, lease, or transfer it as you see fit, similar to ownership in the US and Canada.
Where Are International Buyers Investing in Belize?
Ambergris Caye is a leading destination in Belize for luxury property investors and private buyers, is situated close to San Pedro town and to Belize Barrier Reef, making this also an attractive location for short-term rentals that can generate a good return on any investment. The area of Ambergris Caye additionally has beachfront villas, condos, and gated communities as options to purchase for private use or as investments.
Placencia Peninsula, with its 16 miles of beachfront, is popular with expats and real estate investors looking for luxury villas and waterfront homes, with the area gaining in tourism traffic and benefitting from luxury developments.
Caye Caulker due to its location is seeing increasing interest in eco-friendly resorts and communities, plus luxury properties suitable for renting out. As a smaller island just south of Ambergris Caye, the area of Caye Caulker tends to have more affordable properties than Ambergris Caye, but is seen to be gaining in popularity which results in increased prices benefiting capital appreciation for investments.
Hopkins and Sittee River area are becoming ever more in focus with eco-conscious investors, with a growing tourist sector showing interest in this quiet location, and is especially interesting to buyers and investors focused on buying seafront luxury properties in Belize.
Corozal is located near the Mexican border, providing a more convenient destination for those who want easier access to Mexico, and beyond that the US and Canada. The area, seen as lower priced that some, offers waterfront homes that are aimed at investors seeking long-term rental opportunities and with retirees from around the world.
What properties could Belize provide investors
Investment options in Belize include beachfront vacation rentals, luxury eco-lodges, resort properties, retirement homes in gated communities, and pre-construction real estate especially in new gated communities.
Buying luxury property in Belize offers investment potential, natural beauty and a range of tax benefits, plus Belize is still a relatively untapped luxury market when compared to Costa Rica or Mexico for example.
