Tuesday, December 1, 2020 / by Vanessa Saunders
After a while, pandemic sheltering at home is like the lyrics in Hotel California, the Eagle’s iconic song. “You can check out any time you like, But you can never leave."
Actually, if you want to leave, you can. Consider moving to Belize.
Formerly known as British Honduras, Belize has long been known as a tropical tourist destination, for its world-class diving, fishing, and snorkeling, lush jungles, ancient Mayan temples and miles of white sand beaches, Currently, Belize is in the middle of a building boom, with investors building both residential and hotel properties.
For Americans interested in moving to the Caribbean or owning a tropical island rental, Belize offers several advantages. It is the only Central American country where English is the official language, with Spanish, Mayan and Creole also spoken. It is politically and economically stable. 1991, the ODECA countries (Spanish: Organización de Estados Centroamericanos) signed the Protocol of Tegucigalpa, extending earlier cooperation for regional peace, political freedom, democracy and economic development. SICA's General Secretariat is in El Salvador.
Investors moving to Belize enjoy several economic advantages to living in many other Latin American or European destinations. Belize’s real estate prices are 1/3 to 1/2 less expensive compared to similar Caribbean destinations such as Aruba, Bahamas and British Virgin Islands. Foreigners buying property in Belize receive actual title to property, which is unusual in the Caribbean. Property taxes are low, as are taxes on income generated by real estate. There is no tax on capital gains.
Tourism is the main source of income in Belize, as reflected in the island’s incredible year to year economic growth. Ambergris Caye produces 2/3 of the tourism revenue through its world-class diving, fishing, and snorkeling activities on the second largest living reef in the world, after the Great Barrier Reef of Australia. Ambergris Caye is located northeast of the country's mainland, and is the focus of much of the development there.
Based on the International Living’s Annual Global Retirement Index, Belize was among the top 24 best places to retire in 2020. The index was based on several factors including cost of living, retiree benefits, climate, and healthcare. Likewise, Forbes also listed Belize as one of the best places to retire abroad last year.
Most foreign buyers come from the United States. There are direct flights from numerous U.S. cities, including Houston, Chicago, Dallas, Miami, Charlotte, Atlanta, Los Angeles, and Newark.
Most inviting is that there are no restrictions on foreigners purchasing real properties in Belize. There is growing interest from Canadians, Britons, Italians and Russian investors, as well as Americans moving abroad.
To view properties we have listed for sale in Belize, CLICK HERE.
For more information on moving to and living in Belize, click on the two free resource books below.
Global Property Resource Kit
For more information about buying and moving to Belize, CLICK HERE for access to a copy of the ECI Global Property Resource Kit and discover the investment opportunities available to you in Latin America
If you're interested in Belize’s real estate investment opportunities, are retiring overseas or looking for a second home in paradise, the Belize Handbook is a compilation of information and advice learned from first hand experience on the ground.
The Belize Handbook is a one-stop shop for a wealth of information about:
Health and medical information
Places to visit, hotels and restaurants by region
Travel tips, infrastructure, taxes, residency and culture
Foreign investment laws
How to buy property in Belize
World-class infrastructure and amenities of Grand Baymen
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