Why Buy Ambergris Caye Real Estate?
The island of Ambergris Caye is the #1 tourist and retirement destination in Belize and one of the top retirement destinations in all of the Caribbean and Central America . We have seen a constant increase in tourism to the country over the past decade with overnight arrivals to Ambergris Caye totalling over 350 000 annual visitors. This transition have not however turned Ambergris Caye into all inclusive mass market destination instead, the island is home to exclusive small resorts as well as its near by islands like Cayo Espanto and soon to be Blackadore Caye which is owned by Hollywood mega star Leonardo DiCaprio.
Ambergris Caye is quickly being discovered as one of the most profitable Caribbean and Central American destinations for hotel operators and for personal rentals using sites like VRBO, Air BnB. Daily rates for reasonable accommodations start at around $100 US and can run higher as $2000 US. One of the most stunning features of Ambergris Caye is the barrier reef which runs parallel to the island’s east coast and is only a half mile (800m) east of San Pedro Town. Lending itself to calm waters with an amazing view of the surf breaking over the coral reef in the distance awaits anyone walking on the beach or relaxing at one of the many beachfront properties. The island also boasts some of the best diving in the Western hemisphere, incredible fishing (Fly, Rod & Reel and Deep Sea) adventures await.
Buying Ambergris Caye Real Estate has emerged as one of the best real estate investment decisions in the Americas. Back in the 1980`s one could purchase a half acre Beachfront parcel on the East Coast of Ambergris Caye were available for $10,000-$15,000 US now they are valued anywhere from $400,000-$700,000. 50ac.-60ac.beachfront parcels on the West Coast of Ambergris Caye were available for as low as $100,000 US now we are seeing sales in the $4-$8 million range. Some other key benefits of buying in Belize is the country offers a 0% Capital gains tax rate as well as very low property taxes. This makes owning in Belize very attractive as you are also afforded all the same rights as a Belizean when buying property.
Resorts have also enjoyed occupancy of 90% during the busy season that typically lasts from November thru March, although we are seeing that beginning to extend and has created a new “Medium Season” from April thus August because of new flights coming to the island from Southwest and other carriers realising the huge draw of the country. Lending itself to a vibrant and in high demand for short term and long term rentals. This type of arrangement is creating a significant income for the condo owners as well as for the developers. Many condo resorts rent 2 bedroom units for around $350 US per night 3 bedroom units rent from the low $400/night and go up from there. Management splits vary with some resorts offering splits as high as 80/20 to the owner.
It is not uncommon for the condo owners to generate 10% earnings or more returns on their investment annually within the condo resorts operation. Future years may bring returns higher with the continued growth here on the island. Resort operators make the entire process very easy and most offer the option to have passive or direct reservation bookings then direct deposit the money tax free into the owners account. That account could be in any jurisdiction reducing the owners tax burden. Perhaps you want to live on “La Isla Bonita” and also work? There are many business for sale here that can allow you to generate an income and get to live in paradise at the same time. Our agents can listen and help find the right opportunity for you to begin your new life and career here in Ambergris Caye San Pedro started life as a fishing town but is now Belize’s prime tourist destination. More than half of the tourists who visit Belize fly straight to San Pedro and use it as their base for excursions elsewhere.
Ambergris Caye is an investor paradise with transparent British common laws, well functioning court system and helpful municipal and federal government that welcomes investors with open arms. Land subdivisions and construction permits take a very short time. Hotel, Condo/resort development or a hands free land banking investments-Ambergris Caye offers many possibilities for the capital growth and enjoyable retirement.
La Isla Bonita is waiting for you!