Own your slice of the Caribbean dream in beautiful Belize. Lots from $12.500 Select number of lake front lots Below market value investment
Corozal was created with investors in mind - prices are discounted up to 50% compared to our competitors, and you are just a stones throw away from the Caribbean Sea.
You are less than 1 mile from the Sea, yet you are paying a fraction of the price of a beachfront land lot. Welcome to Corozal is a 49-lot development located just a minute from the beautiful Caribbean Sea, in the quickly growing Corozal district of Belize. In this community, you will find both investors who are looking for a great return, as well as life style buyers looking for a great home there is room for both. With land lots from 1/4 Acre in size, The Palms offers you an opportunity that is often only available to large investment funds or institutions to buy and own real estate in a prime Caribbean location. THE PALMS AT is located just under a minute from the Sea, with some of the most beautiful beaches you will find anywhere. You are less than 1 mile from the Sea, yet you are paying a fraction of the price of a beachfront land lot. Prices are very competitive already, and extra incentives are available to those who choose to invest early. There is also a freshwater pond on the property, and we have a very limited number of lots on the pond available. The road from Corozal to Consejo is very popular with Americans and other expats, meaning the demand for lots is high in this area. The project is located on Serenity Road, which already has power lines, and all lots in the project have direct year-round road access. As infrastructure is added, land values tend to go up immediately. POWERLINES ARE INSTALLED along the road, so connecting to the main grid will not be an issue (would normally cost $5.000 or more per lot). Another benefit of our community are the restrictive covenants in place, to ensure all new homes conform to a minimum standard.
There is an excellent off-shore banking system and purchasers can also elect to establish a local corporation. HOLDING ON TO YOUR lot at The Palms won t cost you the Earth or nearly as much as holding on to a parcel in the U.S. or the UK might do. You only pay roughly $10 per year in taxes (compared to several hundred, even thousands in the U.S) and there are no HOA fees to pay every month either. As with any long-term land investment, there is no maintenance required, and your exit is planned around one of several exit strategies presented to you elsewhere in this material. To maximise asset protection, Belize has an excellent off shore banking system, and purchasers can also elect to form a local corporation. WHY THE PALMS? Located at the center of an area very popular with expats Less than a minute to the Caribbean Sea Very limited number of pond front lots Below market value by up to 50% - from $12.500 Ideal long term hold proposition No Capital Gains taxes
Belize is the only country in Central America where English is the official language, although Creole and Spanish are also commonly spoken. Unfamiliar with BELIZE? In many ways, Belize and Corozal are still hidden gems but that is changing rapidly. Tourism is growing at a fast pace, retirees are moving here to enjoy the good life, and the demand for real estate is rising. The uniqueness of the Caribbean and the opportunity for an early stage investment has created an advantage for investors considering The Palms at Corozal. BELIZE IS A COUNTRY located on the north eastern coast of Central America. It has a diverse society, comprising many cultures and languages. Belize is the only country in Central America where English is the official language, although Creole and Spanish are also commonly spoken. Belize is bordered to the north by Mexico, south and west by Guatemala, and to the east by the Caribbean Sea. Even though it may seem like a different world, Belize is only about 90 minutes south of Miami! LOWEST POPULATION DENSITY. Measuring 8.860 square miles same as the State of Massachusetts but home to only 333.200 people, Belize has the lowest population density in Central America. The country holds a key place in the globally significant Mesoamerican Biological corridor, thanks to its abundance of terrestrial- and marine species as well as diverse eco systems. Belize is culturally unique among its Central American neighbours; it is the only nation in the region with a British colonial heritage. As a part of the Western Caribbean Zone, however, it also shares a common heritage with the Caribbean portions of other Central American countries. Belize is a member of the Caribbean Community (CARICOM), the Community of Latin American and Caribbean States (CELAC), and Sistema de la Integración Centroamericana (SICA).
elect to establish a local corporation. There Belize is an generally excellent off-shore considered banking to be the system most and purchasers affordable can of the also Caribbean markets BRITISH HERITAGE. Belize used to be known as British Honduras up until 1981. The law is based on British common law, including the way real estate transactions are carried out. Belize allows ownership through foreign corporations, trusts, and foreign individuals, and foreign investors are allowed to own both vacant land and finished property. All land in Belize is freehold, and purchases can be backed up by purchasing title insurance. THE MOST AFFORDABLE CARRIBEAN MARKET. Belize is generally considered to be the most affordable of the Caribbean markets, though demand has been increasing significantly, thereby putting an upward pressure on the prices. The ability to be able to buy residential land at a fraction of the price of most of the islands has not gone unnoticed. The option of buying US-issued title insurance guarantees your free and clear ownership, and there is no tax to pay on Capital Gains in Belize all that is payable is a 10% stamp tax (purchase tax) on transactions above $10.000 USD. LOW COST HIGH QUALITY OF LIFE. Low cost of living coupled with a high quality of life; this has seen a huge influx of Americanand Canadian expats, coming here to enjoy the Good life. The exchange rate of the Belizean dollar is pegged to the US dollar, making it more stable than other central American currencies, and there is also an excellent off shore banking system in Belize. WHY INVEST IN BELIZE? All land is Freehold Most affordable Caribbean market Tax free environment Local currency pegged to USD Excellent off-shore banking system Growing economy even in these times
elect to establish a local corporation. There Government is an excellent is encouraging off-shore banking investment system from and abroad purchasers by offering can also a variety of incentives. 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. Interest rates remain very high, at 13 16%, which currently means that many real estate transactions are carried out either using cash, or using Seller Financing. Traditionally, once interest rates are under control and bank financing becomes available, the real estate market is almost always affected in a positive way. WHY Located right on the Caribbean Sea Large demand from expats and babyboomers Prices are still very reasonable Large free trade zone by Mexican border Very low crime rate all throughout the province Growing tourism market
Land as an investment class does not expose you to traditional risks associated with real estate ownership: maintenance, tenancy issues, vandalism, high property taxes etc Why Invest in LAND? Land has always been considered a low-risk investment, as you do not encounter any of the traditional risks associated with owning real estate; tenants, maintenance, high property taxes, vandalism etc. Land lots at Corozal can be held by any investor for any period of time, and property taxes are currently $10 per year. There are no maintenance or HOA fees associated with the land. MULTIPLE EXIT STRATEGIES: Owning residential land offers you several different ways to exit out to realise your investment which gives you greater flexibility than many other forms of investments. CAPITAL APPRECIATION: Of all the millionaires created through real estate, land has made them more money than anything else. This is due to the fact that when a property increases in value, it is actually the underlying land that becomes more valuable the property itself actually depreciates over time ECONOMIC GROWTH DRIVERS: Belize isn t all about laidback living in the Caribbean there are incentives to help trigger further economic growth in the country, which makes it a great place to own real estate - both for lifestyle buyers as well as investors. The stable political system has seen an influx of workers from the nearby countries, which has further increased the demand for housing. Our location on Serenity road is just a minute away from the ocean, a local B&B and the town of Corozal
Construction costs in Belize are significantly lower than in the U.S. and Internationally. Get your RETURNS Regardless of whether you choose to buy a lakefront lot, a lot on Serenity road, or one of our larger lots at the back of the community, you will be able to use two of the most popular ways to exit from your land investment. As an owner at The Palms at Corozal, you are not under any time pressure to build, or forced to use a specific builder, meaning time will work in your favour. Construction costs in Belize are also very low from about $50-60/sq.ft, where many US and UK builds can cost almost double that. YOUR FIRST OPTION would be to just take a passive buy-and-hold approach, where you simply rely on economic growth and the increased demand for residential real estate to increase the value of your lot, and then sell it. This form of investing is the most common when it comes to land, as the holding costs are very low compared to other investment classes currently roughly $10 per year. The demand for quality new construction homes is increasing in Corozal, and over the next few years it is estimated that the expat population will continue to grow, and this will mean demand for newer homes will increase, as most people who are re-locating would still like to maintain the same comfort as they have grown used to at home. THE SECOND OPTION is to build a home on your lot, and exit out by selling the finished property. This is a very lucrative option, as construction costs in Corozal are much lower than in the United States - you could build a 1.250 sq.ft property for right around $75.000 USD.
The Legal system in Belize is based on British law, and all contracts are in English. THE PURCHASE PROCESS 1 RESERVATION The Reservation process is very simple. As the buyer, you will be asked to select one- or more lots from the siteplan. As soon as the availability has been confirmed, you will be asked to pay a reservation deposit (normally 10%) and sign a reservation document. Once this has been returned to the developer s attorney, you are ready to move to the next stage. 2 CONTRACT The next step is handled entirely by the attorneys in Belize they will do the checks to ensure the land is free and clear with no encumbrances etc, before they send you the Purchase Agreement for signatures. At this point, they will also provide you with the details of their escrow account, where all funds are sent prior to closing. You will also be informed if this transaction requires the payment of a stamp tax (5% if above $10.000 USD). 3 AFTER SALES Once the attorneys have received your funds and the signed purchase agreement, they will carry out the Closing, and transfer the ownership into the name of your chosen entity. You will also be offered the option of buying title insurance at this point, to protect your ownership for all future. The deeds will be sent to the address nominated by you once the recording of the transaction has taken place.
Most visitors come to Belize to enjoy the fantastic Caribbean beaches, the rainforests, and the barrier reefs. OUR LOCATION 13 TO 14 NS CO 50 15 O EJ 12 16 9 OPEN SPACE 20 49 22 8 44 24 7 45 46 26 23 E 10 19 21 AG LL 48 VI 11 17 18 25 6 43 47 28 5 42 4 30 27 32 29 3 POND 31 2 1 36 41 OPEN SPACE 33 34 40 39 38 37