By the end of 2016, Belize tourism numbers clocked in at the highest EVER in the last 20 years. These overnight arrivals have grown 44% in the past five years alone! With 70-75% of all tourists who visit Belize heading straight to San Pedro, the number of hotel rooms being developed on Ambergris Caye in the next five years cannot sustain this kind of demand. Therefore, many industry experts predict Ambergris Caye real estate prices and hotel room rates to continue their strong upward trend.
Since Ambergris Caye is such a popular vacation destination, the demand for nightly rentals is strong. It’s not uncommon to see $400+ per night rental rates on properties that would otherwise rent for $1800 per month. Additionally, owners have the flexibility for personal use of their island getaway (unless it’s IRA-owned, in which case it must be for 100% investment use).
Other Reasons We Love This Market:
Close proximity to North America & Affordable Airfare: Not only is it one of the most spectacular places on earth, Belize is only a 2-hour flight from Miami, and 2.5 hours from Houston. Most Americans live closer to Belize than Hawaii!
Official language: English
English Common Law: Belize is governed by British Common Law, which for real estate investors means you can have full property ownership with land title, just as in the US and Canada. In other retirement destinations such as Mexico, foreign-born citizens cannot as easily own land in their own name.
No Capital Gains Tax: There is no capital gains tax, and no estate tax in Belize. If you invest in a property that appreciates in value that you sell at a later date for a gain, the Belize government does not tax your earnings.
Low Income Tax: The income tax rate in Belize on all real estate rental income is only 1.75%!
Property taxes in Belize are extremely low — just a few hundred dollars annually on most new properties.
Easy Residency Programsand potential tax write offs: Belize Qualified Retirement Program makes it easier for retiree’s to move there, as early as age 45! Also, upon paying a visit to your tax accountant, you may discover that trips to check on your property could become tax write-offs!
A Growing Economy: The recent expansion of the international airport in Belize City, the addition of several major airlines in 2015-2016, and the increase of current airline routes to Belize are great indicators of a growing economy and tourist industry! This means economic security, strong property values, and the attraction of entrepreneurs to do business in prime tourist areas — which in turn increases quality of goods and other lifestyle conveniences for Belizean residents and retirees.
In the Media:
Ambergris Caye was rated as the TripAdvisor® #1 Island in the World two years in a row 2013-2014! In fact, this Caribbean island is the ONLY island in the world to receive this honor two years back-to-back!
Ambergris Caye, Belize was named a Top Retirement Destination by U.S. News & World Report® in 2016.
Ambergris Caye placed in the Huffington Post Top 5 Overseas Property Markets for 2016.
We have relationships with two established developers on the island who are giving Real Wealth Network members priority.