Buying Property and Living In Belize
Property development to accommodate foreign investors has experienced rapid growth over the years, despite the world wide economic and housing downturn. One of the main reasons is that Belize still retains its undeveloped and untramelled reputation. But the question now arises: Are homes in Belize still affordable? Can anyone really afford to get a home in the beautiful sanctuary of Belize? It may seem like a dream to some but increasingly, more are making it a reality. While labour remains affordable and above average quality contruction ranges between $75 - $120 per sq ft, investors soon come to appreciate how far their savings can go.
There are also a lot of built houses for sale in Belize starting from $35,000 to more than $1,000,000 depending on location, whether it's ocean front, on a lagoon, in town, in the country side or out in the jungle. Even some of the houses around $40,000 are fairly huge and are already furnished! All you have to do is bring your clothes and paradise can now be yours. At such affordable prices, an extended stay for the purpose of real estate prospecting makes perfect sense for those who want to retire, live in adventure or simply own an affordable vacation home to escape from the harsh conditions of winter. Unlike maintenance costs and property tax rates in other countries, the economics in Belize make owning a worthwhile investment. For example, propety taxes on a lagoon waterfront property might run you $10.00 per year, yes ten dollars, whereas a comparable home in a Canadian or US suburb, would run in the area of $10,000.00
Depending on the nature of work and hours involved, a full time gardener, caretaker, full time maid or driver might cost about $300 US a month. Locals in Belize are very hardworking, easy going and take life as it comes. People in Belize, take it Belize-y. When treated fairly, Belizeans are very forthcoming, generous, helpful and will remain loyal friends.
Financial options in Belize extend from very low down payments, low interest rates to flexibility of in-house financial capabilities. This is because Belize caters to anyone in the world, despite economic conditions or social status of a person. Belize is extremely expat friendly, so much so that it introduced the Qualfied Retirement Program that expediates residency and allows substantial tax exemption benefits for the importation of goods such as vehicles and home furnishings.
Regardless of your budget, an extended stay and especially with people who have made the move, will most certainly make your visit and adventure and successful one.
There are also a lot of built houses for sale in Belize starting from $35,000 to more than $1,000,000 depending on location, whether it's ocean front, on a lagoon, in town, in the country side or out in the jungle. Even some of the houses around $40,000 are fairly huge and are already furnished! All you have to do is bring your clothes and paradise can now be yours. At such affordable prices, an extended stay for the purpose of real estate prospecting makes perfect sense for those who want to retire, live in adventure or simply own an affordable vacation home to escape from the harsh conditions of winter. Unlike maintenance costs and property tax rates in other countries, the economics in Belize make owning a worthwhile investment. For example, propety taxes on a lagoon waterfront property might run you $10.00 per year, yes ten dollars, whereas a comparable home in a Canadian or US suburb, would run in the area of $10,000.00
Depending on the nature of work and hours involved, a full time gardener, caretaker, full time maid or driver might cost about $300 US a month. Locals in Belize are very hardworking, easy going and take life as it comes. People in Belize, take it Belize-y. When treated fairly, Belizeans are very forthcoming, generous, helpful and will remain loyal friends.
Financial options in Belize extend from very low down payments, low interest rates to flexibility of in-house financial capabilities. This is because Belize caters to anyone in the world, despite economic conditions or social status of a person. Belize is extremely expat friendly, so much so that it introduced the Qualfied Retirement Program that expediates residency and allows substantial tax exemption benefits for the importation of goods such as vehicles and home furnishings.
Regardless of your budget, an extended stay and especially with people who have made the move, will most certainly make your visit and adventure and successful one.