Knowledge of the country you plan to invest in is important before purchasing property there. Below, we have gathered some information on Belize to help you with your research
The population of Belize grew by 2.65% last year, which is one of the fastest growth rates in the Western world. The stable political system has seen an influx of workers from the nearby countries, which has further increased the demand for housing.
The country has an open, private-sector led economy that managed to grow by 2% in 2010, after slightly contracting in 2009, which was the bottom of the recession. The Government is encouraging investment from abroad by offering a variety of incentives, and are also further creating employment by making public sector investments.
The United States is the largest trading partner of Belize, although strong ties exist also with Mexico, the European Union, as well as South American countries. Efforts are also being made to further increase trade with the CARICOM nations (Caribbean countries) of which Belize is a long standing member.
Most visitors come to Belize to enjoy the fantastic Caribbean beaches, the rainforests, and the barrier reefs that are located right off the coastline. Belize has also become a “mecca” for eco-tourism in recent years.
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