When considering moving to Belize, there are a number of benefits to consider. Its beautiful landscapes and low cost of living make it a great place for retirees, but it also has challenges. For example, there is a high crime rate, low-quality medical care, and the occasional hurricane. But these factors are less of a concern when compared to the many advantages.
The price of real estate in Belize is still low, despite the country’s development and rapid growth. This is especially true in rural areas, like the far northern areas of Ambergris Caye and the mainland. It is also more affordable than comparable properties in many other countries. A 10% down payment will typically secure a home.
One of the most exciting New Communities Belize is Seabird, a private development that has some of the country’s finest new homes. Currently, fourteen waterfront units are under construction, with the next phase expected to be completed in early 2022. These beautiful homes sit right on the lagoon, with drive-up access and boat-up access. They also have a generous indoor-outdoor living space.
Belize is a Central American nation with a population of over 40 thousand people. The small island of Ambergris Caye is a world-class destination for retirees. Land costs are affordable, and there are many investment opportunities. The country’s culture is varied, with people from Garifuna and Creole backgrounds as well as Spanish and Mennnite origins. There are even some Chinese and South Asian residents.
Building costs in Belize range from $30 to $150 per square foot, excluding land. Low-end building costs might include a simple concrete-block bungalow, while high-end costs could include an elegant Belizean-style home with hardwood floors, trim, and custom details. In other words, a typical home in Belize would cost $75,000 to $135,000 to build.
Nelson is an avid boater, and was attracted to Belize by the fishing and scuba diving opportunities. He bought undeveloped off-grid lots for $35,000 each, and he intends to build a luxury home here. The property is located on the country’s most popular island, Ambergris Caye.