This is always the case on islands such as Caye Caulker and Ambergris Caye, but it is increasingly the case in smaller fishing villages and also in the interior of the Cayo District. Much of this demand is also driven by expatriates from America and Europe settling into existing communities or developing their own community across the country. Real estate opportunities in the Cayo district continue to grow, as does Belize’s tourism and foreign population.
Find out why more than 170,000 investors have invested more than $1 billion in Fundrise. With all these benefits, we thought Belize was worth exploring. (We would at least have a nice holiday!) So we researched our potential property buying zones and narrowed them down to a few key locations in Belize, including Ambergris Caye. They also offer a qualified retirement program that allows individuals 45 and older and their families to move to Belize if they have a stable annual income of $24,000 or more. This program gives you the opportunity to import all your belongings without paying customs duties or taxes. Simply put, through our partners we offer the safest way to obtain a land bank and buy property in Belize.
25 years ago, Ambergris Caye was largely unknown, but it has developed dramatically. However, most of the development was centered on the east coast of the island, meaning there are still incredible opportunities for land development on the West Coast. The Cordage Cottage is one of the most popular 2 bedroom home designs in South Ambergris Village. Each plot is a beachfront property within the first gated community in Ambergris Caye, Belize.
In any case, Ambergris Caye was definitely our place. So if we wanted to buy something on this island, it was time to think out of the box. The next day we met Dennis Kay, an agent with whom we had sent emails at Belize Island Real Estate. He had waterside terrain in mind for us, if, he said, “we were adventurous enough.” It was located on the undeveloped west side of the island. DiversyFund creates high-quality private investment funds, multi-family real estate, for the everyday investor. Invest with Fundrise in a diversified portfolio of investment properties in the United States.
The demand for tourist rentals has increased by 44% over the past five years, but the increase in monthly or night rentals is not commensurate with demand. And that, of course, has increased returns for owners and investors. Another form of scam that can target foreigners who are buying property in Belize related to the titles involved. If you’re a victim, you may end up handing over money to someone who doesn’t even own the property or plot you’re buying, and you don’t realize it until the scammer is gone.
The picturesque island of Ambergris Caye has average temperatures that hover around 77°F and receives an amazing sea breeze. Anyone who wants to escape the weight of seasonal affective disorder will welcome Belize with open arms. In 2015, 1.3 million tourists visited the small Caribbean country, and in 2016, tourism-related jobs accounted for nearly 13 percent of employment in the country. 2017 saw an increase in arrivals in the 12 months of the year, representing a growth of 7.8 percent and monthly overnight stays peaked at 49,000 visitors in December.
In 2018 alone, the first handful of residential real estate projects began to be developed, meaning there is still a lot of potential to exploit. These luxury homes allow owners to live, love, dine and play around Ambergris Caye. The property allows for personal use and gives owners Mahogany Bay Property the option of professionally managed overnight stays. San Pedro and Ambergris Caye are one of the safest places in the world. There is no crime because criminals find it too difficult and expensive to reach the island and moreover, they have no way to return without being caught.
“They couldn’t make it to the United States, so they started here again.” It would not be a surprise to discover that your agent or broker is a convicted felon in the states. Belize is VERY easy for the typical American/Canadian investor. Everything is EASY and you don’t have to learn a new language because it’s English.
To operate the resort, the developer has signed a letter of intent with a major global hotel chain. A confidentiality agreement prohibits us from appointing the hotel operator until the final contract is signed… But they are one of the largest and best known in the world. Grand Baymen Oceanside is located in a frontline section of the beach, a few minutes walk south of the town of San Pedro.
You need to find the right broker and that is the MOST IMPORTANT thing I can tell you. In the United States, we “assume” a degree of HONESTY because of the real estate license, broker supervision, and the threat of lawsuits. The taxi driver who will take you from the airport can legally sell you real estate and charge commissions.