Posted: Tuesday, December 8, 2020. 11:55 am CST.
By BBN Staff: Nobody could have guessed that things would happen the way they did since the beginning of 2020 — even experts could never have projected this outcome at all. This means that most investors are rethinking their investment decisions. However, despite everything happening, Belize’s real estate market still poses as a viable investment opportunity in 2020 and 2021. The question is, what makes Belize real estate investment a great option in 2021?
1. The Market Is Never Saturated
One fact about Belize’s real estate market is that it is usually unsaturated, and this means a vacant opportunity for buyers and sellers is always open. Additionally, Belize has a diverse market for real estate, having different types of properties. Despite that year 2020 hasn’t been favorable for many investors, they still have a chance to grab a real estate investment in Belize. Numerous residential and commercial properties, both developed and undeveloped, are readily available. The sweet idea is that you can buy a property today at a bargain price, develop it, and make a good sale from it when the market is more stable.
2. Belize Has Favorable Regulations
Belize is a country known to welcome investors from all corners of the world. The government does not have strict barriers for non-citizens to buy and own properties or start a business in the country. The only thing you should expect to face as an investor is taxes with every real estate purchase. However, Belize is regarded as a tax haven, which means that property tax rates are very low as compared to most countries. For instance, you will enjoy tax benefits, such as no capital gains taxes. This reduces the total cost of acquiring property in the country.
3. Belize Remains a Hotbed for Retirement
Despite the struggles and uncertainties of 2020, people are still retiring, and Belize has always been a perfect choice for most retirees. And as long as they can travel to Belize, they will still stick to their retirement plans. The good thing is that these retirees bring money with them to specifically invest in real estate and live a happy life in the tropics. It means that those who are looking for markets to sell their residential and commercial properties or need tenants for their properties will still get interested investors.
If you are contemplating buying property in Belize, consider yourself lucky because the market is still hot now, and 2021 might even be better. If you are not sure of where to buy or rent a property in Belize, we recommend Carmelita Gardens. Carmelita Gardens is located in Cayo, Belize, and it is a self-sufficient community that comes with a sense of slow but fun living, respect for the environment, and availability of artisanal commerce.
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