With its sandy beaches, crystalline waters, and vibrant reef, Ambergris Caye attracts tourists and expatriates alike. The island has numerous options for property buyers, from luxurious beachfront homes to affordable condos.
With Point2, you can easily find a home that suits your budget and lifestyle, using filters like size and amenities. We also show you important details like area demographics and the contact information of the real estate agent handling each listing.
Investing in Real Estate in Belize
Belize real estate offers an exciting opportunity to diversify a portfolio and generate passive income through the development of vacation rental properties. The country is a popular tourist destination, and there are plenty of opportunities for investment in real estate, land, and rentals on Ambergris Caye and Corozal. The local economy is thriving, and foreign investors are welcomed and protected.
The country’s constitution protects property rights for foreigners, its currency is pegged to the US dollar, English is the official language, and it has a well-established legal system based on common law. In addition, capital gains tax is exempt for foreign investors.
Real estate in Belize is affordable for buyers looking for a North American-style luxury development. However, the country also offers raw land at prices not seen in the United States since the 1960s and simple homes for sale at prices that make buying a retirement home possible for many baby boomers. Investing in real estate in Belize is the best way to enjoy all that this beautiful tropical paradise has to offer.
Buying a Vacation Home
Buying a vacation home in Belize provides a wonderful lifestyle that can be enjoyed year-round. Because Belize is a tourist destination, homeowners can generate vacation rental income when they are not using their homes.
There are a variety of properties to choose from including condos for sale, beachfront homes, and large lots. New property developments are also popping up along the Caribbean coast. Many of these developments offer amenities like marinas and vacation rental management.
The southern part of the Caye has seen more development than the north, but it is still fairly controlled. It is a popular choice for tourists, second-home owners and expatriates. However, the northern section of Ambergris Caye is pristine and offers a great natural environment. There are beaches, mangrove forests and the Bacalar Chico Marine Reserve. The north of the island is also a short boat ride to San Pedro Town for a variety of dining, drinking and shopping options.
Buying a Second Home
Belize has a relaxed island feel, and it’s easy to fall in love with the place. Some repeat visitors decide to make the country their second home and purchase a property that they can use for part of the year. RE/MAX 1st Choice calls this a Lifestyle Investment and it’s an option that gives owners a place to escape during the winter months or to earn income by renting out their home when they are not in residence.
The perks of buying property in Belize for retirement or vacation purposes include full ownership and fee-simple title, which means that you don’t have to pay taxes until you sell the property. However, it’s important to research the market and understand the different regions of the country. Also, it’s wise to work with a licensed broker who can help you find an investment property that will give you the best return on your money. Some brokers even offer a free property tour to buyers looking for properties on Ambergris Caye.
Buying a Retirement Home
Whether you’re looking for a vacation home, a second home or a retirement residence, Belize offers many options. Its low taxes and surprisingly diverse culture make it an attractive destination for real estate investments.
When searching for a property to buy in Belize, consider the type of lifestyle you want to lead and your budget. Real estate in Belize ranges from beachfront condos to luxury homes and inland communities. You can find both new construction and ready-to-own resales on the island of Ambergris Caye, which features a variety of different styles of properties.
The island of Ambergris Caye is a popular destination for people looking to live the Caribbean lifestyle. Its nightlife is also booming, with Carlo and Ernie’s Runway Bar, Crazy Canuck’s Beach Bar and the Sandbar all popular places for drinks and entertainment. It also has several restaurants and a few shops. Its northern section is less populated and provides visitors with spectacular beaches, mangrove forests and the Bacalar Chico Marine Reserve.