Remax Belize Real Estate
Ambergris Caye is the largest island in Belize measuring 27 miles long. Ambergris Caye is located at the northern point of Belize’s coastline with the Belize barrier reef just off the east Coast. Ambergris Caye is the top tourist destination in Belize and sees hundreds of thousands of tourists visit every year. Here are some quick facts about Ambergris Caye;
The largest of all Cayes and Islands in Belize, Ambergris Caye is widely known as the “Jewel of Belize”.
Belize’s largest island is 24 miles long and 3 miles wide
70% of overnight tourism comes to Ambergris Caye
12 miles from the mainland
#1 tourism destination in Belize
One of the best-kept secrets in tourism-driven markets is the distinct correlation between the change in tourism numbers and real estate appreciation. As tourism increases, we tend to see a proportionate increase and appreciation in property values.
Baby Boomers & Belize Real Estate
As many of you may know (or maybe going through the process) more baby boomers are looking to relocate from the U.S. every day. About four million people will retire every year, as of 2014. From 2014 to 2034, about 80 million people are expected to retire. This equated to roughly 10,000 people retiring per day for 20 years. Obviously not all these people will choose to relocate however, according to an AARP life survey, roughly 28,121,000 people will be relocating outside of the U.S., and the area with the largest expected growth is the Central America & Caribbean Region.
When you factor in our list of retirement benefits (English speaking, Proximity, Legal System, Etc.) it is more than safe to say that Belize will receive its fair share of baby boomers. This is only leading to more scarcity in the rental market, as when baby boomers move down, they generally take inventory out of the rental pool as they will live in it year-round as opposed to previous owners who would rent the majority of the year. When you factor these aforementioned thoughts together, you have the “perfect storm” for rental rates to increase and investor returns to increase.
Belize Facts
The Capital of Belize is Belmopan
The Population of Belize is 404,915 (2021) World Bank
The Currency in Belize is the Belize dollar with is 2:1 with USD (U.S dollar accepted nationwide)
The Government and Political System in Belize is a Constitutional Monarchy and British Parliamentary System.
