What Makes Belize Real Estate So Attractive?

What Makes Belize Real Estate So Attractive? Compared to a lot of places Belize offers an outstanding quality of life. The quality of life exceeds the warm tropical climate (which is very consistent year-round). Ambergris Caye is a perfect location for a young family looking for a better lifestyle, or an investor/business owner who wants to get in on Belize’s growing tourism industry or diversify their investment portfolio. Belize is also the perfect destination for individuals looking to retire in a warm, affordable place to call home. Whether you are looking for personal use or investment, Belize real estate has a lot to offer. If you are on Ambergris Caye, the weather is warm year-round, and you can enjoy sunny skies and a tropical Caribbean climate almost every day of the year. If you enjoy outdoor activities and being active you will be mesmerized by the water-based recreation, and endless hiking trails. Belize has all of the charms of the Caribbean. People in Belize and Ambergris Caye (locals and expats) live a relaxed, stress-free life. One of the most charming things about Belize is the fact there are no chain restaurants, skyscrapers, or fast-food restaurants. This also shows the opportunity in Belize and where the country is at in the scheme of time. When living or visiting Belize you will quickly notice are no traffic jams and no blizzards. Ambergris Caye is also incredibly safe, for both visiting and investing. Why is Belize Real Estate so Popular? Living and investing in Belize allows you to stay close to home and quickly get to your investment property. Belize is a short flight from the US or Canada with direct flights from most major airports. Belize is also English-speaking (one of the only English Speaking countries in the region). Along with being English-speaking, Belize also practices British Common Law and allows for full-foreign ownership and some of the strongest property ownership rights in the world. Belize has also grown in tourism popularity without new lodging inventory. With increased awareness comes increased demand but the lodging and vacation rental inventory supply is behind the tourism and vacation rental demand. You can see the tourism growth in Belize from 2014 to 2019 below; BTB Belize Tourism Board Data Even though tourism has grown (and continues to grow post-pandemic) the total rooms for lodging have stayed stagnant. Tourism pre-COVID grew by over 60% in 5 years (over double-digit annual growth of 14.6%) but lodging and inventory stayed the same. Even now, rental inventory saw a -2% decrease from Q2 to Q3 of 2022. Below you can see the lodging and rental inventory on Ambergris Caye over the last 3 years; As you can see, the 3-year trend has been consistent with many quarters seeing a dip in rental inventory (even with an increase in demand). The opportunity for a better lifestyle and a high-yield cash flow property is the driving factors on why Belize real estate has been so popular and continues to be in demand for years to come. If you are interested in Belize propertyand/or buying Belize real estate, contact us at RE/MAX Belize Contact Info: +1(650) 653-2088 info@remaxbelizerealestate.com Mahogany Bay Village, San Pedro Town, Belize https://remaxbelizerealestate.com/