Belize is packed with the most incredible beaches, as well as private islands with perfect weather and views. Although the real estate 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 uncultivated land for residential or commercial property. When you invest in real estate further inland, you will be assured of better waste management and accessibility to public services.
Those who want to invest in Belize property that is close to the water and sand, which is so popular, will want to check out Hopkins/Sittee Point or Sarteneja, which are located on the south coast. However, you will want to stay away from the Placencia Peninsula. The area is known to have a falling market and is not a place you would want to invest your time and money. One of the most popular and expensive areas to live 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 the proper insurance.
Hurricanes are actually one of the main drawbacks to the real estate investment market in Belize. Area residents will tell you that it’s not the wind that causes as much damage as the six foot storm surge that totally devastates local properties and businesses. The rebuilding costs are fairly cheap, but you need to make sure you hire the most qualified supervisors who live in the area and can pay the workers for you.