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Real estate investment in Belize

Any trip to Belize initiates the fantasies of having a beach villa or a jungle resort. There are many Americans in this former English-speaking English colony.

Belize is known for its reef, the second largest in the world, and the fantastic diving that goes with it. Even beginning divers have heard of the Blue Hole, a famous dive spot. Ambergris Caye, “La Isla Bonita” in Madonna’s song, is the main tourist spot.

Along with tourist shops and T-shirt shops, there are real estate shops on the dusty roads of San Pedro on Ambergris Caye. Prices in Belize can range from $ 5-10,000 for a beach lot in Corozal Town, a sleepy border town, to much higher prices for properties on Ambergris Caye. Southern resorts like Placencia fall somewhere in the middle, price-wise.

There is a lot of online assistance available. The gringos resell their properties and the locals sell to the gringos, often through real estate agencies. You can contact a local real estate agency when in Belize, or simply search the listings online.

If you remember the old story of “buying Florida wetlands”, you will realize that you simply MUST visit and see for yourself ANY property you buy. You’d take a $ 2,000 car for a test drive and kick the tires, wouldn’t you? So why would you make a $ 100,000 purchase without being seen?

Often times the most important part of a purchase like this is YOUR enjoyment – you can buy for investment purposes only, but you will get an added bonus of sun and relaxation if you LIKE the area, WANT to travel there and VISIT your property to keep a look at it or stay in it.

As more and more North Americans travel, and with the ease of getting to Belize and its safer, English-speaking roots, more people will be willing to retire and visit Belize. This should be an investment that is continually appreciated with good rental prospects, if you do your work from home!

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