Real Estate is a smart investment because it puts your money in a human need that’s always in high demand. Real estate is flexible and tangible. Properties can not only provide long-term growth but also rent income, generate income for your business ventures or serve as a home. While real estate is flexible enough to scale to meet the needs of any investor, some investments are more successful than others. Investors in Belize, a Central American country, are experiencing an extraordinary moment. Here’s why.
Tourists travel from all over the globe to the Belize Barrier Reef. The subtropical climate ensures that there is a steady flow of tourists through all seasons. However, agriculture is the country’s largest industry. There are many options depending on your needs. You can invest in residential properties, from luxury island condos to remote jungle cabanas. Both offer the opportunity to make rental income, see your investment grow, or even own a vacation home. Entrepreneurs have a lot of options in the tourism and agricultural sector. Low property taxes make undeveloped Belizean Land an attractive option for those looking for passive investments.
Given Belize’s undeveloped infrastructure, raw land is a sensible option. Although there are a number of major social hubs in Belize’s inland and islands, and plenty of airstrips connecting them, the space between them can sometimes be quite limited. Infrastructure is still being developed due to the low population density. It’s developing at a good rate, which is a great thing. Belize is the smallest country in Central America, both in terms of landmass and population density. You can use either undeveloped or developed properties to smartly leverage them. All you have to do is wait for infrastructure to arrive.
Incentives for Government
The government wants to attract outside investors to Belize and is willing to provide many financial incentives. Belize is widely known as a tax-safe haven with many major benefits for foreign investors. There are many programs that allow you to avoid local taxes, or even get your customs waivers. Real estate taxes in Belize are very affordable. For Americans who want to invest in Belizean real property, the QRP program may be a good option.
The real estate market in Belize is a great place to invest, but not all properties are going to be perfect. It is crucial to find a trustworthy real estate agent who has the credibility, knowledge, and catalog to help navigate the Belize market. Belize Real Estate will help you position yourself financially for a windfall, regardless of the purpose or scope of your investments.