Buying property in an off-shore Caribbean destination like West Caye Belize could be the greatest real estate investment decision you will ever make. Not only does it present an opportunity for equity appreciation, but the cash flow is also great. Recently, Caye Belize was named a UNESCO World Heritage Site simply due to its coral reefs, white sand beaches, and rainforest. As a result, the island is becoming a popular tourist destination, and its population is expected to grow as more people buy property here. There are plenty of luxurious properties, including a wide variety of vacation homes and rentals. The perfect beaches are ideal for swimming and sunbathing. When you consider all these, you will see why tourist comes to visit and end up settling on the island. In this guide, we will tell you more reasons why you should also make West Caye Belize your top destination to buy your next family or vacation property.
What makes Caye Belize such a desirable real estate destination?
Natural beauty – if there is one thing that really sets West Caye apart from the rest of the country is its unspoiled natural beauty, picturesque setting, and, most importantly, an abundance of land and investment opportunities. While most of the country continues to see massive developments, this part remains largely untouched, making it so attractive to property investors. Also, the area is known for its white sand beaches, crystal–clear water, verdant jungle, and rich culture.
Strong opportunity for growth – this area sure has a significant growth opportunity, especially regarding property investments. Many people are really attracted to this area by its beauty, which means the property market is improving. Also, as development projects are being undertaken, soon, property in this area will appreciate in the double digits.
Friendly community – the Caye district has a population of about 2000, with most people living in small villages scattered throughout the area. The majority of the population are either English speakers or understand the language, which means that it will be much easier for you to integrate into the community. The people here are very friendly to visitors and will often offer to help and make your experience there as pleasant as possible.
Ease of travel – the thing about West Caye Belize is that even though the roads aren’t paved yet, boat and air transport are quite popular, and it’s how many people travel. The government, however, is working to have all the roads paved, which will increase property value even further. Anybody coming from Belize City and San Pedro can get to Caye Belize by air, as there are regular flights in and out of the cities
The climate – the area has a subtropical climate, just like the rest of Belize. The weather in this area is mild, with summer temperatures averaging between 75 and 90F. But these temperatures are then moderated by onshore winds. In winter, temperature ranges between 60 and 80F and could even be slightly lower.
What are some key challenges to keep in mind as you invest in the area?
We would be lying to you if we were to tell you that there are no challenges here and there in West Caye Belize. Yes, the region experiences stable climatic conditions, an average local economy, and a well-education population, but there are also a few challenges that investors may face when they come here. One of the key challenges includes weak infrastructure. As we told you earlier, transport by road is a bit challenging as this district’s roads are not yet paved. This, of course, has been a problem affecting the growth of local businesses. So, if, other than buying a home, you want to invest in a business in the area, this is a problem you will have to contend with. However, as mentioned earlier, this is a problem that the Belize government is committed to fixing. The other issue is environmental risks, such as hurricanes and landslides. Even though they rarely occur, they are still risks. The thing is, though, the good and most attractive aspects of West Caye Belize far outweigh these challenges, which is you will see that foreign investment continues to increase yearly.
How can you make the most of your investment in Caye, Belize?
For starters, if you want to make the most out of your property investment, you ought to consider the west side of Caye. This is largely due to the massive land area, which is almost double that on the eastern side. West Caye Belize offers way more property options. More significantly, it is way closer to the mainland United States and Mexico, making them accessible to day-trippers and vacationers. Considering all these, the prices of property in West Caye Belize are way more compared to the east side. But if you consider everything that you are getting from here, it is completely worth it.
The other way you would get the most out of your investment in Caye, Belize, is by thinking of long-term investments. As we have mentioned numerous times, West Caye Belize is still behind in terms of infrastructure, but the government is committed to several development projects in that area, which means that property value will increase as the area continues to more infrastructure growth. So, if you are thinking about investing today and probably selling in the nearest future, you may not leap much benefits compared to an investor who invests for the long term. Just buy, sit on it, and watch your investment grow. If possible, invest in undeveloped land and then wait for it to appreciate in value.
West Caye Belize literary offers what any property investor could hope for. With unparalleled natural beauty and white sand beaches with crystal clear waters, this is one place you definitely want a part of. To find out more about this place, or better yet, to get a real feel of this area, how about you pay a visit on your next vacation trip? You won’t regret it!