Belize is packed with the most amazing beaches as well as private islands with perfect weather and views. Although housing markets in the United States change dramatically, this is the case in some areas of the world. Investing in Belize allows you to avoid many of the same general hassles that are involved in American real estate investing.
Everyone loves to buy real estate near the ocean, but Belize offers great properties that are further inland and include ranches, citrus groves, and raw land for residential or commercial properties. When you invest in real estate that is further inland, you are assured of better waste management and accessibility to public services.
Those who want to invest in property in Belize that is close to the water and sand, which is so popular, will want to visit Hopkins/Sittee Point or Sarteneja, which are located on the south coast. However, you’ll want to stay away from the Placencia Peninsula. The area is known to have a declining market and is not a place you would like to spend your time and money. One of the most popular and expensive areas to live in is Ambergris Caye. The Remote Keys have over two hundred private islands to offer investors for purchase. Keep in mind that there is always a chance of hurricanes, so keep adequate insurance.
Hurricanes are actually one of the major downsides to the Belize real estate investment market. Area residents will tell you that it’s not the wind that causes as much damage as the six foot storm surges that totally devastate local properties and businesses. Rebuilding costs are fairly inexpensive, but you want to make sure you hire the most qualified supervisors who live in the area and can pay the workers for you.