If you are in the market for agricultural land, consider Corozal, Orange Walk and Cayo. Dreaming of a new condo? Take a tour of Ambergris Caye. Looking for a home in the heart of it all? Try Belize City. But in the near future, Belize’s next real estate hotspot will certainly be the south.
The Placencia peninsula is currently undergoing massive growth and development that include significant investments in its infrastructure. The paving of the Placencia road, a private international airport, modern marina, expansion of the Port of Big Creek to include a new international port of entry and the proposed highway linking Southern Belize to the Guatemalan border herald innumerable investment opportunities.
In terms of future and selling growth, construction on the north end of Ambergris Caye is still in high gear, signaling that this location’s picturesque appeal continues to attract investors. Not to be outdone, the Cayo district also boasts impressive natural scenery and high quality of life.
The beauty of any Belize investment is that property owners are guaranteed the entire package. Whether you choose an inland, coastal or island site, you are still within range of idyllic tourist destinations and bustling commercial centers. If you’re planning on building your dream home in Belize, know that retirees are offered attractive packages that include tax breaks and similar incentives. With an exchange rate of two Belize dollars to one US dollar, construction costs are cheaper than in the US and your investment won’t be affected by currency fluctuations.
Rental properties also do very well in Belize, with high occupancy rates recorded in popular areas such as San Pedro Town and Belize City. Retirees, investors and vacationers with more time to spare use medium to long term rental homes and apartments as a base to experience Belize while looking for the right property to invest in.
In today’s uncertain economic reality, land is still one of the safest investments. And if you buy property in Belize, that’s one investment that you’ll never have to second guess.