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Belize Government Stability Makes It A Winner
January 6, 2010Article by Ray Withers
Belize real estate is one of the safest purchases in Latin America, according to a leading international property consultancy. David Cox of UK based international property investment consultancy Property Frontiers said:
“Buying Belize real estate is a very safe purchase, largely because of the stability of the political landscape. For a start: Belize has never had a military coup at any point since its independence in 1981. This allows international buyers to invest in Latin America’s potential for economic and real estate growth, in the safety of a more established market.”
In fact Belize is governed by a democratically chosen parliament, based on that of the UK in Westminster. Far from being an international paraiah like Venezuela or Cuba, Belize is a member of the British Commonwealth, the United Nations, the Nonaligned Movement, the Organization of American States and the newly-formed Association of Caribbean States and diplomatic relations have been established with many more countries and bodies. Belize is also a member of the Caribbean Community (CARICOM) and related institutions.
Having said that Belize’s government is based on that of the UK, in that it is led by a Prime Minister and his cabinet, which make up the executive branch, there are also similarities with the of the United States, in that the house of parliament is known as the house of representatives. Along with the 29-member elected House of Representatives, a nine-member appointed Senate form a bi-cameral legislature. Her Majesty Queen Elizabeth II is the constitutional Head of State. The queen is represented in Belize by a Governor-General, who by-law, must be a Belizean.
However, while there are similarities, mainly with the UK but also with the US, the Belizean government structure is unique, and some would say a lot more democratic and therefore better than either of the aforementioned, thus making Belize real estate an even safer purchase, especially compared to many of its Latin American counterparts.
This is because: five Senators are appointed by the Governor-general on the Prime Minister’s say so, two on the advice of the Leader of the Opposition, and one on the advice of the Belize Advisory Council. This is also because the House of Representatives’ speaker and the President of the Senate are both independently elected and can only be a member of one of the houses, or a minister, not both, which keeps them impartial.
Property Frontiers are currently marketing Belize real estate for sale in the Cayo District nature reserve. The development offers half-acre land-plots in a nature reserve, set around a boutique hotel in the lush Belizean rainforest from £20k. It is also a carbon neutral investment.