New builds in Belize
Location and climate
Belize is a country on the eastern coast of Central America, with Caribbean Sea shorelines to the east and dense jungle to the west. The capital is the city of Belmopan (the number of inhabitants is 430,131 people for 2021). The state language is English, in everyday communication - Spanish.
The climate is tropical, the average monthly temperature is plus twenty-six degrees Celsius, seasonal fluctuations are insignificant. Rainy season: May-July; period without precipitation: January-April.
For the information of the investors: economy, culture, education in Belize
Belize is mainly an agricultural country. The share of industrial production in the economy is still small, but is constantly increasing. Industries such as clothing production, housing construction, oil production and exploration are of great importance (the country's subsoil has not been studied enough: new deposits are being searched for), bananas, citrus fruits, sugarcane are harvested, logging, fishing, and shrimp are being raised here. The tourism industry in Belize is booming.
Belize is an ideal place to organize offshore companies. The country offers tax preferences for businesses, individuals, large commercial banks, offering a full range of services.
The level of crime is still high (the country has long been a link in the drug trafficking chain between South America and the United States), but it should be noted that foreigners are rarely the target of crime. Law enforcement agencies are fighting drug trafficking; the state policy in this regard is consistent and effective. The judicial system is similar to the British model.
There are three universities in the country.
The culture is closely related to the Mayan civilization, the historical heritage is priceless - unique temples and palaces, acquaintance with which causes rave reviews from tourists. Belize is home to the world's only jaguar nature reserve, numerous parks, gorgeous beaches, and convenient diving areas.
Buying an apartment in Belize in a new build becomes profitable
Many investors consider investing in real estate in Belize in the new builds as a promising direction. Renting housing by the sea (the country has a 280 km coastline) is attractive, the demand for such housing is constantly growing, as are prices. North American and British retirees choose residential complexes in Belize, buying apartments in them as a second home, organizing communities, which are located most often in new builds for sale on the outskirts of the city, on areas of underdeveloped beaches. The sale of apartments from developers in such complexes provides for a well-developed infrastructure (shops, restaurants, sports complexes, etc.). The territory of the residential complexes is closed for unauthorized access, it is guarded, thus, safety and comfort are provided, for which, of course, a fixed fee is included. For those who would not like to incur such additional costs, it is quite possible to buy an apartment from a developer in Belize directly in the city, in an ordinary house, which is much cheaper than in migrant communities. In the medium term, by investing in new builds for sale in Belize you can get a high income, find a safe haven to save money.
According to information from the GEOLN.COM search engine, the price per square meter of an area in a new home( located in the capital Belmopan) completed in a turnkey state is starting from 2,000 USD.
Purchase of apartments in Belize from developers by foreigners
The state does not impose any restrictions on the purchase of housing by foreigners, so foreign investors can buy apartments in the new home for sale freely.
Purchasing an apartment in a new development in Belize is an investment in a country with good potential, a comfortable climate, on the coast of the cleanest sea and the opportunity to receive a stable rental income. However, the risks associated with a significant level of crime should be considered carefully.
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