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r.e Belize
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in BelizeFor the last
five years the real estate of this Central American country considerably grew
in price. Apparently, popularity of the territory only will increase in the
near future: here Canadians and Europeans invest, soon direct flights from
Europe will be entered.
The
Americans, not wishing to come to an old age in the USA, pay the attention to
Belize. Before investors opportunity to seize the moment while the prices in
the country didn't jump up up can open.
Belize is
located in Central America and in the area doesn't surpass the State of
Massachusetts. In the north it borders on Mexico, in the West - on Guatemala,
in the east - is washed by the Caribbean Sea. The population of Belize makes
301,27 thousand people and grows for 2,2%, according to data of CIA on the
world countries. Official language - English though the majority of the
population speaks Spanish. 76,9% of the population of Belize competently.
From 1854
to 1973 Belize was the British colony and was known as British Honduras. Then the name of the country exchanged though
independence was officially proclaimed only in 1981. Territorial disputes between Great Britain
and Guatemala slowed down process of release of the country: now Guatemala and Belize continue to divide
the territory. In 2005 of the country
signed the Program of peace talks on the basis of which pass meetings on the
matter.
Operating
political regime - parliamentary democracy. Officially the head of state
English queen Elizabeth II is considered. As the representative of the queen
the governor general sir Kolvill Young serves. Since February of this year the
government was headed by prime minister Dean Barrow.
Gross
domestic product in Belize keeps on quite high mark of $2,44 billion: according
to CIA data, for 2007 he grew by 2,2%. 21,3% make agriculture, production of
bananas, cocoa, sugar, fish and wood. 13,7% are the share of such sewing, food
production and oil-processing industry. 63% - on a services sector, including
tourism. National currency - the Belize dollar equal to about a half of US
dollar.
Why it is
worth investing in real estate of Belize?
Now in
Belize the rise in prices for real estate is observed. "Growth everywhere
makes about 20% a years. Beaches and platforms for rest grow in the price at
least for 25% a year", - Patrick Doyle, the specialist in sales and
Caribbean Property Consultants (CPC) real estate agency marketing speaks. One
Belize dollar is equivalent $0,51, and many Americans pay attention to the
country, as to a favorable place for life at advanced age. Exchange rates
attract the Canadian and European tourists and pensioners even more.
"More
and more inhabitants of Canada and the European countries invest in our
remarkable regions", - declares in Ricardo Kardenas's on-line interview,
the vice-president of the Latin American branch of the RE/MAX company.Web CPC's website on which 80% of business of the company are based, received,
according to Patrick Doyle, 8 thousand hits in a month only from Canadians.
Next year
plan to adjust through air service to Europe. Mister Doyle notices: "When
Europeans will be able to fly for $700-800 there and back, they will want to
look and buy objects". From several cities of the USA, such as Atlanta,
Sharlott (State of North Carolina), Dallas, Houston, Miami and Newark (State of
New Jersey), already fly direct flights to Belize.
Foreign
buyers of real estate have here same rights, as at citizens of Belize: restrictions
for foreigners any aren't present. All system is based on the British laws on
real estate. However if to trust mister Doyle, in Belize there is no value
added tax and inheritance.
All
monetary operations and documents are conducted in official language - English
that facilitates process for Americans and other English-speaking investors. It
is and still recommended to find the qualified agent or the lawyer if you are
going to sign contracts and to pay money in others country.
Possible
problems
The most
important at investment in real estate of Belize - cooperation with the checked
agent and/or the lawyer. Investors need to investigate who is potential
intermediaries in the market: in Belize on their activity there are no
licenses.
"Everything
that is necessary for the intermediary in the real estate market - enough of
money for the printing of cards. Real estate sale - a popular occupation among
visitors, someone does it even without the work permit. Sometimes the real
estate is sold "from hands" to tourists by employees of hotels,
sellers of underwater equipment and taxi drivers", - is spoken in Belize
First Magazine.
Investors
shouldn't agree on real estate acquisition in Belize without preliminary survey
of object at all. Though as a whole
Belize - quite predictable country for business, nevertheless exists risk to
run into unfair or unskilled agents.
Ricardo Kardenas and its partners claim that investors can be quiet at
implementation of monetary operations in Belize until with whom they cooperate,
are credible and hold strong position in the market".
In issue of
the International Living magazine for December, 2007 there was a heading:
"Belize: outstrip Europeans". It can really serve as a piece of good
advice. The real estate in Belize can make profit, especially after
introduction next year of through service to Europe. The investors, trying to
beat out to itself a place in the market in anticipation of a rise in prices
for real estate, can concentrate the look on Belize.
"10
years ago Costa Rica was the leader in Central America on real estate sales to
foreigners; buyers strongly won then, cost increased, - mister tells Cardenas.
- If you missed such opportunity, it isn't necessary to miss chance with
Belize. Now foreigners can buy here real estate counting upon positive
tendencies in the market of investments into this sector of economy". Real estate of in market -> Next | |
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