average rental yields in Ambergris Caye real estate
Located less than a half mile from the world’s second largest barrier reef, Ambergris Caye is home to the charming town of San Pedro and has become a premier tourism and second-home destination. With its pristine beaches, natural wildlife, and a welcoming community, the island has quickly become a top choice for investors seeking to invest in Belize Real Estate, as well as those looking to retire or relocate overseas.
While short-term rentals have long been the traditional route for property investment in tourist-heavy regions, it is now being challenged by a new breed of occupant that prefers a more permanent, upscale alternative to impersonal resorts and hotels. This trend has fueled the demand for luxury homes and condos in popular destinations like Ambergris Caye, delivering significantly higher yield than their short-term counterparts and allowing property owners to use their properties during off-season for personal enjoyment.
The luxury market in Ambergris Caye Real Estate has been growing rapidly, and with good reason. Named TripAdvisor’s #1 Island in the world in 2013, and a Top 5 Overseas Retirement Destination in 2016 by US News & World Report, the country is fast becoming one of the most desirable international retirement and investment markets in the world.
What are the average rental yields in Ambergris Caye real estate?
For those who wish to capitalize on this thriving tourism and luxury market, the best way to do so is through investing in Ambergris Caye real estate. The island is a premier tourist destination, and as such delivers the highest average daily rental rates for income properties. This in turn translates into the best average rental yields in the Belize Real Estate Market.
In addition, the average price of a residential property in Belize is far lower than many other Caribbean islands. The cost of a condo in the heart of San Pedro runs between US$200,000 and US$400,000, while a family-style oceanfront house can run closer to US$1.3 million. This low cost of living makes it much easier for families to afford to live and vacation on the island, which further fuels the growth of both short-term and long-term rentals in Ambergris Caye.
As the island continues to grow and attract more tourists, the number of available rooms for overnight rentals is not catching up with demand. This is why it is so important to choose the right property, location and investment strategy when purchasing Ambergris Caye Real Estate.
When it comes to choosing a property in the Caribbean, it pays to work with a team that understands the unique nuances of the market. The team of experienced and knowledgeable agents at RE/MAX is here to help you find the perfect property that will suit your needs and deliver the highest returns for your investment. Contact us today to discuss your options. We look forward to helping you discover the best investments in the booming Belize Real Estate market.
