Belize is a beautiful country that attracts hundreds of thousands of tourists on an annual basis. Its booming tourist economy, accompanied by unparalleled natural surroundings, stunning weather, and a multitude of activities are just a few of the reasons that island visitors turn into Real Estate investors. However, without the right timing and local industry professionals, Real Estate investing can be a bit of a challenge.
Real Estate Investing Factors To Consider Throughout The Year
Learning how to invest in Real Estate can be a rewarding endeavor if you plan on purchasing an island home in Belize. With this in mind, there are a few important factors that you must keep in mind.
Factor #1: The Tax Season
Belize does not have estate or capital gains tax. This fact makes Belize a highly sought after retirement destination and tax haven for many individuals. The Belize government offers additional tax incentives in the form of the Retired Persons (Incentives) Act, International Business Company (Amendment) Act, and Trust Act of 1992. It’s important to examine your current and expected financial situation. This will help you to determine the optimal time to invest in Belize Real Estate.
Factor #2: Travel Expenses
Whether you are buying a vacant lot and building a home or renovating an existing home, it is a good idea to check on your investment throughout the project. Over the past few years traveling to Belize has become increasingly easy from the United States. However, it is important to note that airfare typically increases during the busy season. Definitely book early in order to save.
Factor #3: The Weather
Belize is renowned for its nearly year-round warm temperatures, tranquil waters, and days filled with sunshine. The optimal time to visit and purchase Real Estate in Belize is from late November to mid-April. This time of the year features days with continuous sunshine and temperatures hovering near 80 degrees. It is also the time of year when the waters typically remain calm, which makes it easier to ship-in building supplies. From June to mid-November strong storms have been known to disrupt the island. Slightly unpredictable weather can cause travel and building delays. However, the slower tourist season often results in a dip in Real Estate prices, which is a plus for the patient and savvy Real Estate investor.
Purchase A Paradise Home In Belize
Throughout 2016 the Belize market experienced tremendous growth in both the coastal and inland regions. Are you ready to enjoy all that Belize has to offer? Do you want to own a slice of paradise in the highly sought after areas of Ambergris Caye or San Pedro, Belize? Whether you are ready to buy a coastal home or explore the benefits of a luxurious condominium, the RE/MAX Island Real Estate team is here to help.
RE/MAX Island Real Estate proudly helps foreign buyers purchase commercial, residential, investment, and vacation properties throughout Belize. With the help of the team’s local expertise, you can learn how to invest in Real Estate while simultaneously finding the ideal place to call home in your newly discovered paradise. Contact us today to begin your Real Estate investment journey in Belize.