Find out what’s happening in the property investment arena both in the UK and internationally
A Place In The Sun Waiting For You
May 4, 2009Article by Ray Withers
If you’ve had enough of life in the UK with grey, rainy days made even darker by financial hardship in the wake of the global economic crisis, then why not look at moving to a sunshine paradise where every day is full of sunshine and hope?A choice to consider is buying Belize property . Belize is a small mainland country with a long Caribbean Sea coastline.
Here are some quick facts to help you decide whether Belize is the place for you:
1. Are you aged 45-years-old or older?
Yes! Great – the Belize government wants to encourage more mature retirees to put down roots in the country
2. Can you prove you earn at least £675 a month?
That’s a paltry US$1,000 – once you have sold your UK and bought a new one in Belize, you’ll have plenty of cash left to invest to produce an income
3. Pay no income tax on any earnings or capital gains tax in Belize or any other country worldwide
Belize residents pay no income tax and if you meet the age and earnings criteria above, you immediately qualify for resident status
4. Duty free import of cars, yachts and light aircraft every five years
You can lift your lifestyle and plonk it down in Belize without paying import duty on expensive goods.
5. Citizenship extends to your dependents
Unfortunately you don’t have to leave the kids home alone if you don’t want to – Belize resident status applies to all your dependents if you meet the qualifying criteria
6. English is the main language
As former British colony, of British Honduras – called Belize since independence in 1981. Belize is the only Latin American country with English as a first language.
7. Belize property is among the cheapest of all Caribbean countries
Recent comparisons show Belize property is the fourth cheapest in the Caribbean.
Buying Belize real estate directly can be trying, as no formal estate agents or property-listing sites are available.
The true good life is available from the Belize Reserve eco community in Western Belize. The site includes a planned 20 to 30-room hotel due for completion at the end of 2009 and 350 half-acre plots making up several small villages for private housing.
The plots cost £24,950. For a limited number of properties, the developer offers interest free 50% finance over five years.The builder will put up your house at cost – about £34,950 on top of the plot price, depending on what you pick from the three designs. Other designs may be introduced as the development progresses.