Belize is one of the greatest, relatively undiscovered locations to buy a piece of beachfront property. The property is plentiful and affordable, the coastline long and tropical and the legal system encourages foreign investment. It is a wonder why this country has stayed such a well-hidden secret for so long. If you still aren’t convinced about buying Belize property, here are eight great reasons that you should. Once your ready to take the next step, start by looking at a few different sites online to determine what’s for sale and what areas you think would be the best for a new home for you.
Reason #1: Miles of Tropical Coastline
Belize is a tiny country, it only has a population of about 300,000 total people but it is located on a pristine stretch of Caribbean coastline. There are over two hundred and forty miles of tropical coastline in Belize, making plenty of beachfront properties available in the second tiniest Latin American country.
#2: The World’s Second Longest Barrier Reef
The 175 mile long barrier reef that lies off the coast of Belize is the second longest in the world, second only to Australia’s Great Barrier Reef. The corals and abundant marine life on the reef makes the coast of Belize one of the best, if not the best, place in North America for diving and snorkeling.
#3: The National Language is English
Unique among Latin American countries, which were all either settled by Spain or Portugal, Belize was settled by the English. It was actually known as British Honduras until the 1960s and received its independence from the United Kingdom in 1981. It’s long history with England has left many things in Belize that expats from the U.S. or U.K. will love, including the ability to converse and fit in better with locals who speak your own language.
#4: Currency Stability
Currently, the Belize dollar is pegged to the U.S. dollar at two Belize Dollars to one US Dollar and US currency is frequently accepted across the country. Barring an Argentine-style de-pegging, there are no tricky conversions involved and your money will be easily exchangeable from one currency to the next. You can worry much less about dramatic currency adjustments if you’re from the U.S. as well because the two currencies float together.
The tax system that is in place in Belize is one of the most friendly to foreigners of all governments in Latin America and possibly the world. Belize places no taxes on foreign income and doesn’t have capital gains taxes, corporate taxes, or inheritance taxes. In fact, if you are moving to Belize, you can take many of your goods to the country tax-free as well. You worked hard for your money, why should you allow someone else to take a cut just for living in a certain area?
#6: Political Stability
Belize’s political system is remarkably stable compared to most other Latin American countries. There is no history of military coups or violent government overthrows. The system is also modeled after the British common law system that the U.S. political system is also loosely based on. The government also has a strong tradition of protecting property rights as well, making your investment all the more safe.
Belize is one of the most affordable places to own beach front property in the world. Unlike in other countries like Costa Rica, where property values have shot up and upper scale gated communities are the rage, Belize has remained relatively undiscovered. While it isn’t quite as cheap as Nicaragua real estate, it still offers a great value. When compared with other Caribbean countries like Bermuda, you can expect to pay about one-eighth the price for land.
#8: Verdant Forests and Mountains
If you are going to be in a country for a long time, odds are that you don’t just want to be laying around on the beach all day. Luckily for you, Belize is not just about the coastline. There is a large interior area to explore filled with unspoiled mountains and tropical forests filled with wildlife.
If you’re looking for an affordable beachfront home in an exotic, beautiful locale, you would be hard pressed to find somewhere much better than Belize. The language, currency, and tax laws make the move incredibly easy, Belize property is cheap compared to other places in the U.S. and Caribbean and you have access to numerous different water sports and eco tourism activities. If all this sounds interesting, start researching some options for real estate today.