The sudden onset of numerous COVID-19 confirmed cases in March 2020 forced the tiny country of Belize to close its borders and implement a nationwide state of emergency to protect its people. Having been closed to visitors for more than six months, Belize is preparing to reopen its International Airport to leisure travelers on October 1, 2020.
The reopening comes on the heels of a five-phase travel reopening plan along with the launch of a Tourism Gold Standard Recognition Program. Both measures aim to enhance and enforce standard operating procedures to ensure optimum cleanliness, safe social interactions, and the like, while allowing visitors to enjoy their stay with minimal impact from the changes brought on by the Coronavirus pandemic.
Although the nationwide shutdown brought all businesses to a screeching halt, the Real Estate Industry in Belize is once again beginning to pick up traction. During this time, Matus Real Estate has worked tirelessly to ensure that our Client’s interests remained our top priority allowing us to safeguard numerous “Under Contract” deals on their behalf.
Belize’s real estate market is buzzing with activity and the announcement of the reopening of Belize’s Philip Goldson International Airport has peaked the interest of potential buyers. If there ever was a time to contemplate a life in Belize, there is no better opportunity than the present when Belize real estate is entering the ultimate buyer’s market.
Why should I invest in Belize?
Investing in Belize real estate is a tremendous opportunity for foreigners due to the wide range of landscapes to choose from and the wide array of affordable real estate available on the market.
Why would I live in Belize?
If you’re a nature lover, Belize is the perfect place for you! Belize has a wide range of exquisite natural attractions; to name a few, Belize has the largest living barrier reef, numerous Maya ruins, captivating limestone caves, the magnificent Victoria Peak, the great blue hole, many breathtaking waterfalls and the illustrious cockscomb basin. Belize is most popularly known for being one of the world’s most hospitable places with a melting pot of cultures hailing from all over the world.
Since Belize is located in the Caribbean, there are only two seasons - wet and dry. On average, temperatures range from 73 to 82 degrees Fahrenheit, but the temperature can also increase to 100 degrees or more and decrease to 72 to 60 degrees Fahrenheit. Belize’s primary language is English, which makes moving that much easier.
Why should I retire in Belize?
Belize has one of the world’s finest retiree programs. Under the Qualified Retired Persons (QRP) Program, the government of Belize offers qualified persons an exemption from taxes on all income received from sources stemming from outside Belize.
The exchange rate is locked at $2 Belize Dollars to $1 US Dollar, which means you never have to worry about frequently changing rates.
Belize is also not too far from most states which makes going home to see family and friends relatively easy and hassle free through one of several international airlines arriving/departing via the Philip Goldson International Airport daily.
Why buy property in Belize?
There are currently no restrictions for foreigners renting, selling, or buying real estate in Belize. Property tax is generally low and set at just 1% or less of the unimproved value of the land. Matus Real Estate makes buying property in Belize effortless. Matus Real Estate will get it done for you, from identifying the right investment to closing the deal, we are here to serve you!
A question that we are always asked by sellers is, “How much do you think we can get for our property?”. Simply, it’s not how much do we think you can get but better said, it’s how much is your home or property truly valued?
Once you have listed with Matus Real Estate Ltd your property, we will give you a free valuation assessment on the actual market value of your property. Now, why get a valuation done you may ask? You don’t want your property to be sitting on the real estate market for years to come just based on a value you may have placed because of what you may think its worth. That is only time lost and money lost. We don’t want you to be losing on offers that match or that are close to the market value of your property.
Purchasing real estate in a foreign country can be a worrisome process and there are definitely a number of pre-cautionary steps to be taken. Knowing that this is your first investment in Belize Real Estate, we are aware that this is definitely going to be your greatest investment ever and as a first time investor you may question yourself as to what you really need to know as you go into this process.
This is where our real estate professionals at Matus Real Estate Ltd. come in. Assistance given by one of our trained and knowledgeable agents, you can most certainly rest assure that you will come out on top of a closing saving you much needed time and money.
Our services to you the buyer is FREE!! All commissions are agreed upon by the seller with our agency prior to listing all properties with us.
Already purchased a property and not sure what is the next step? Not to worry!! Matus Real Estate Ltd. maintains a close relationship with Surveyors, Contractors, Engineers, Architects and Attorneys to assist with all your long term planning needs. We don't just stop at the sale of a property!