Daily Archives: July 2, 2020

Aspects That Support Investing In Belize Real Estate

Belize is a British colony and all residents use this language on the streets every day. Be grateful if you have English language skills and plan to visit or communicate with real estate and property agents in Belize. When you are going to do property transactions, all agents or sellers must use English. Belize uses English as the official language; this country is also inhabited by various tribes and races so many cultures flourished to this day. In addition to diverse cultures, natural wealth and beauty are the reasons why many foreigners consider buying Belize real estate to move, retire, or vacation homes even though they only came to this country once.

All aspects of Belize become a blazing power for everyone. Belize’s tropical climate is a hotspot for tourists, retirees, investors, ex-pats, and private buyers. The tropical climate gives Belize sunshine during the year despite the rainy season; this condition is needed by foreign tourists, especially Europeans, not only that tropical sunlight is also very influential on the economic activities of citizens, especially agriculture.

Belize government regulations are very open to foreign investment related to property purchase and ownership, all foreign investors and buyers have the same rights as residents. Don’t be confused with owning a house or property in Belize; you can have an affordable property starting at $ 35,000. The next good news is all foreign buyer or investors will not be subject to capital gains tax when they benefit from the sale of a property. Foreign buyers also will not get inheritance tax if the property is given to someone else. Also, Belize is known for its extremely low property taxes and modest costs so that investment destinations become more profitable.

There is no doubt that Belize real estate is a very profitable investment. So, what makes Belize real estate so profitable? The tourism sector is a major contributor to the success of the real estate and property industry in Belize. There are many activities that can be done by tourists or property owners every day, they are snorkelling, fishing, boating, scuba diving, rafting, hiking, helicopter tours, jungle tours, cruise tours, river tours, cultural tours, etc. After they have done various tours, it’s time to take a break at a special property, namely┬áBelize real estate. There are many choices of real estate communities in Belize; one of the destinations of many people is Ambergris Caye. This property community is most popular among expatriates; it is also the most luxurious place to get quality housing. Other property communities such as Caye Caulker, Remote Cayes, Sarteneja, Toledo District, Rural Caye District, Corozal Town, etc.