Most people associate paradise with sunny weather, warm temperatures all year round, crystal clear waters, beautiful beaches and a stress-free atmosphere. There’s usually a frozen margarita somewhere in the mix. While different people have different ideas of Nirvana, they all share a common goal: to make those fantasies attainable.
Is it possible to find a better quality of life at a lower cost?
Consider it paradise if you achieve this. You don’t need to face Milton’s problem. There is a place like that, and it is only a few minutes from the nearest airport.
Central and South America was the most cost-effective place to spend your North American dollars for years. Prices for expats looking to relocate abroad are soaring due to the overexposure that many countries like Costa Rica have received. The newest Caribbean hotspot for expats in the know is Belize.
Belize is still a relatively unknown country, despite the fact that some international minds are aware of its wonders. Belize has it all: world-class diving and fly fishing, beautiful Caribbean beaches and climate, Mayan ruins hidden in the jungle, colorful cultures, top investment and financial opportunities.
Real Estate Affordability
Belize is an ideal place for those who are interested in foreign real estate investment and ownership. Belize’s economic landscape is ideal for foreign investment, whether it be for rental properties, commercial property or personal property for you and your family.
Belize’s infrastructure was being built while other countries with an early start in development were getting all the attention. Investors turned to Belize when neighboring countries began to become too expensive. They were particularly interested in the island of Ambergris Caye which is surrounded with the Caribbean’s crystal-clear waters. It is a result of this that the island has an infrastructure and quality of life opportunities to attract both tourists and expats. The cost of living is still not up to date. As people begin to realize the value of Ambergris Caye Real Estate, prices will rise. However, as we sit here in early 2019 assertive investors remain well ahead.
Traveling in and out of a country is easy. The Belize City International Airport is currently undergoing a planned 130,000-square foot expansion and renovation. This is due to the increasing demand for international flights and tourists into Belize. The airport will have a larger baggage claim area, more duty-free shops, and additional check-in desks, departure gates, and aircraft parking.
In 2011, Belize’s tourism contributed 12 percent to the GDP of the nation, which amounted to $176M. By the end 2018, this number had risen to 38 percent, generating more than $244M for the country.
In 2015, the Caribbean island welcomed 1.3 million visitors. In 2016, the tourism industry accounted for nearly 13 percent (or 500,000) of all jobs in the country. In 2017, arrivals increased in all 12 of the months, a 7.8 percent increase. Monthly overnight arrivals peaked at 49,000 in December. In 2018, there was an increase of 14.6 percent in overnight arrivals, which is equivalent to more than 62,000 new visitors.
Belize Property For Sale, both because of its tourism-friendly offers and conservation efforts to preserve the famed Belize Barrier Reef. Due to extensive training and education, the Belize Barrier Reef was recently removed from UNESCO’s Danger List. Belize made the “Best Winter Trips 2018” list last year and was included this year as the only Central American country on the “Best Trips 2019” list.
Belize, unlike many other tourist destinations in the area, has managed to maintain its Caribbean charm. There are no chain restaurants or shopping malls. Belize’s infrastructure has improved to meet North American living standards, allowing it to improve without sacrificing culture.
Local color is evident in the local markets, restaurants and shops owned by locals, preserved archeological sites and historical architecture. Belize is a paradise for those who love diving, fishing, or snorkeling. It also has incredible Mayan ruins. Expats and investors from the United States won’t need to cross too many cultural barriers to assimilate. English is the official language of the country and many local businesses accept U.S. dollars.
Belize has a subtropical Caribbean climate, which many expats enjoy as a change of pace from their own country. On the mainland, temperatures are between 73degF to 75degF. In the lowland rainforests, temperatures can reach 90degF during the day. Ambergris Caye is a picturesque island with temperatures averaging around 77degF. It also receives good sea breezes. Belize is a great place to get away from the effects of Seasonal Affective Disorder.
Untapped Investment Opportunities
Belize is a perfect example of a market that has not been explored. Belize is a country with a beautiful natural landscape and countless opportunities for leisure and adventure. It also has affordable real estate and aims to build upscale tourism infrastructure. This presents a huge opportunity for investors.
Combine this with the close proximity to North America, less than two-hours from Miami and Houston, the ease of starting a business, the English-speaking population, and the attractive laws governing banking, trust, and corporate registry, and you’ve got a recipe for success. The locals are friendly and welcoming and it is easy to get and maintain residency. Belize is an excellent regional investment opportunity for those who are serious about investing in international real estate and investing internationally.