by Rachel Jensen 
Despite common misconceptions, purchasing property in Belize can be quite affordable, especially when compared to prices in the United States and Canada. With years of knowledge and expert in the field of real estate and with extensive experience helping clients find their dream properties in Belize, I want to address some of the key concerns and alleviate any fears you may have about investing in this tropical paradise.
One of the biggest misconceptions about real estate in Belize is that it’s too expensive. While the cost of living in Belize may be higher for some imported goods, the cost of real estate can be quite affordable. For example, you can find a one-bedroom, one-bathroom house in the Cayo District for under as $150,000 USD. This is significantly less than what you would pay for a similar property in the United States or Canada which can range in from $550,000 – 1 million USD for similar properties.
Another concern clients often have is the cost of living in Belize. While it’s true that some things can be more expensive due to import taxes, other aspects of daily life can be significantly cheaper. For example, healthcare in Belize is affordable and especially with new developments for better health care in hotspots for real estate like, San Pedro, Ambergris Caye, Belize is quickly addressing the needs for better facilities in the country. You can see a doctor for as little as $30 USD, and the cost of prescription medications is significantly less than what you would pay in the United States or Canada.
Purchasing property in Belize also offers the unique opportunity for passive income. Many buyers purchase property with the intention of renting it out when they’re not using it. Belize is a popular tourist destination, and there’s a high demand for vacation rentals. This means that you can generate income from your property when you’re not using it, making it a smart investment.
It’s also important to note that Belize offers a number of incentives to foreign investors. For example, if you invest a minimum of $250,000 USD in Belize, you can qualify for permanent residency. Additionally, Belize has several tax incentives for foreign investors, including exemptions on income tax, capital gains tax, and property tax.
To ensure that you make a smart investment in Belize real estate, it’s important to work with a reputable real estate agent. A good agent will have extensive knowledge of the local market and can help you navigate any potential pitfalls. They can also help you identify properties that fit your budget and meet your needs.
At Luna Realty Belize, we are passionate about helping our clients find their dream properties in this tropical paradise. With our extensive knowledge of the local market, we are confident that we can help you find the perfect property to fit your needs and budget.
Investing in real estate in Belize can be a smart move, and with our affordable listings, potential for passive income, and incentives for foreign investors, there’s never been a better time to make that move. So why wait? Contact us today to learn more about our listings and how we can help you find your dream property in Belize. We look forward to helping you make your real estate investment a success!
Also Checkout properties from Luna Realty Belize on YouTube Video in Real Estate Under $200,000
