The good tidings do not end here, the prices of Belizean real estate is still comparatively lower according to the international standards. So real estate purchases have been easier and several real estate agents are now honing their skills for a lucrative career in real estate consultation for the tourists and foreign investors. Being located in the vicinity of North America is another strong factor which makes Belize a great place for retirement or as a vacation real estate investment destination. Belize is still the hot spot for potential investors, business men and millionaires. Economy experts are advising future investors to make a fast move before pricing reaches a new apex like the surrounding Caribbean destinations.
There have been a steady improve in the infrastructure facilities in the city last decade. This is driving several US citizens to consider Belize as a place to keep their assets safe and secure offshore. Many choose to buy a vacation home here and pays visit for few months. Several real estate companies have cropped up in Belize who has a complete listing of real estate in Belize in different locales. Their listings of real estate in Belize include acreages, seafronts and sea view properties, private islands, residential real estates, farms, ranches, hotels, Sittee Point Beachfront, resorts and commercial real estate such as warehouse, retail and industrial complexes etc.
Thus, those looking ahead to buy or sell property in Belize Property should contact these real estate companies who are equipped with years of experience and knowledge in the real estate market. They have huge collection of exotic properties on sale. Their lists are frequently updated about the newest additions to the property list. Not only that they have built their own websites where they share these information along with other details such as living in Belize and the investment opportunities. These companies keep trained real estate agents who help in making your dreams come true.
Since laws are quire relaxed for foreign investors, they enjoy a wide range of incentives from the Government of Belize. Incentives generally come in the form of tax exemption and income tax breaks. Foreign owned real estates, offshore banking and a lack of capital gains tax are pulling international businesses to Belize spurring the growth in economy. Its proximity to the United States is another attractive factor for foreign investors. Government aims to create a lot of employment opportunities for the Belizean people and will support investors who think in that line. Real estate in Belize is open to investors who have planned way of utilizing the resources, and also using them sustainably. The government is aiming to reduce property through international donors and investors therefore this will be a great chance for those willing to settle here. The current stamp duties for transfers of property had been slashed for Non-Belizeans. The new rate is 5% on all transactions over $20,000 BZD irrespective of one's citizenship. Belize is still in the process of development and the real estate prices here remain unaffected by Global meltdown.
Chances are, if you're looking for real estate in Belize you aren't thinking of equity. Typically, when we think of equity we think in terms of monetary benefits, how much of a financial improvement our property has made which contributes to extra dollars towards our net worth. Generally it is considered as the value of an ownership interest in property, and is the difference between the market value and unpaid mortgage balance on a home. However, equity can also be thought of in non-financial terms. In a more non-structured expression, equity can be considered as the value, or the benefit received from owing or participating in a particular activity.
This is where Belize equity comes in. Don't think of the equity received in owning your own piece of paradise as the difference between paid price and value increase. Instead, consider the equity as the value added of actually owning a piece of the jewel, Belize Beachfront Sittee Point. Many people will attest to the relaxing holidays spent in this gorgeous small country, and still speak highly of their vacation months and even years later. We buy cottages in locations several hours away from our homes because of the relaxation that we associate with vacationing in this single spot year after year. Much time and resources are spent maintaining summer cottages. And yes, in many cases, there is an increase in financial equity. But the owners don't usually consider this when deciding to purchase a cottage. Now, take this same thinking and apply it to a property purchase in Belize. You have the potential for financial equity, and for health and welfare equity, which, in the long run may be even more of a value than improving the bottom line.