Belize is an independent Commonwealth realm on the eastern coast of Central America. Belize is bordered on the north by Mexico, on the south and west by Guatemala. The mainland is about 180 miles long and 68 miles wide.
Belize has an area of 8,800 sq miles and a population of 387,879 (2017). It has the lowest population density in Central America. The country’s population growth rate of 1.87% per year (2015). It is the second highest in the region and one of the highest in the Western Hemisphere.
The country’s abundance of terrestrial and marine species gives it diversity of ecosystems. While it is a key place in the globally significant
The Country’s Society
The country has a diverse society, composed of many cultures and languages that reflect its rich history. English is the official language of Belize, while Belizean Creole is an unofficial native language. Over half the population is multilingual, with Spanish being the second most common spoken language.
Belize is considered a Central American and Caribbean nation with strong ties to both the Latin American and Caribbean regions. It is a member of the Caribbean Community. The Community of Latin American and Caribbean States. Also, the Central American Integration System. The only country hold’s full membership in all three regional organizations. Here in Belize is a Commonwealth realm, with Queen Elizabeth II as its monarch and head of state.
About Belize: A Yet-to-Explore Real Estate Destination in the Americas
There are still unexplored destinations in the region. One of the leading real estate markets that did not get enough exposure is Belize.
Though the market enjoyed some spotlight in the recent years, you should note that it isn’t fully explored.
The country offers excellent choices for both your residential and investment needs. The diverse market can satisfy all your needs from vacation home to peaceful retirement life.
What is Special in Belize?
Belize has a rich tradition and diverse ecosystem; though it is a small country. The Maya civilization once existed here, and you can see many relics of the civilization still in the country.
You can see more than ten diverse cultures in the country with different customs and traditions. You would appreciate their coexistence regardless of the culture and tradition.
You can expect sustainable tourism and ecotourism having a greater say in the Belizean soil. The country is known as birder’s paradise as it has over 600 identified bird species.
Wonders of Belize
It also has one of the biggest barrier reefs in the world. The Belize Barrier Reef is home to over 100 different types of coral species. As well as more than 500 types of fish species.
Have you heard about the 2nd largest Barrier Reef before? It is the most popular tourist destination in the country. The 300-kilometer long reef gives some significant economic impetus to the country. Both in the form of tourism and fishing!
General Information about Belize
Belize was previously named as British Honduras, and it was a British colony until 1981. It borders with Mexico and Guatemala. The east of Belize is Caribbean Sea – the biggest factor that draws people to the country.
Because of proximity to the shores of the Caribbean Sea, Belize is also regarded a Caribbean nation. The country offers you excellent access to Latin America and Caribbean regions.
Belize Population & Language
Since it was a British colony, the official language of the country is English. It is also the primary language for the government, public education, and a large majority of the media outlets. It is the only country in the Central America region with English as the official language, sounds interesting?
You should note that more than half of the country’s people speak at least two languages. Interestingly, almost 30 percent of the people speak Spanish as their native language.
Since the population is less than 400,000, you can’t expect any crowded cities in the country. The largest city, Belize City, the capital of the country, has a population of approximately 57,000.
Belize Commerce & Climate
The currency of the country is the Belize Dollar. It is pegged to the U.S. Dollar at a fixed rate; one U.S. Dollar will give you two Belize Dollars. If you travel to Belize, you can use U.S. Dollars without exchanging it. It is due to a large majority of merchants in the country accept the U.S. currency.
The country falls under sub-tropical climate region. You can expect relatively high humidity. However, the cool sea breezes ensure you comfortable days in the country. You can expect a temperate range of 50°F to 95°F with average temperature stands at 79°F.
You will also experience consistent temperature throughout the year with extreme climate is highly unlikely. Instead of four seasons, Belize has just two seasons – the dry and the wet.
The Real Estate Overview of Belize
The real estate market of the country showcases double-digit growth in the recent years. The coastal regions of Belize generate nearly 30 percent growth per annum. When it comes to inland properties, an increase of 15 percent is most common.
Real Estate Sector
The administration of the country understands the growth potential of its real estate sector. Belize has not put any restrictions on the foreigners who plan to own properties in the country. However, there is a trend that foreign buyers hire an attorney to represent them in the real estate transactions.
Do you know the country allows people to make real estate transactions using US Dollar? You can open a savings account in the country even before beginning the real estate transaction process. It will help you to pay the associated expenses with the transaction.