Many people dream of living and retiring right next to the beach. If you have ever dreamed of owning a piece of property on a remote yet beautiful island, living on Ambergris Caye might be the way to go. You could buy San Pedro real estate and live in the largest settlement and only town on Ambergris. The cost of real estate in Belize is based on external factors such as proximity to food and services, quality of structure and developmental amenities. For example, the price difference between a house with an ocean view and a house just near the beach can be as much as 50%.
Living on Ambergris Caye - the Best Island in the Caribbean
For a Caribbean real estate investment, it is better to pick real estate in Belize at Grand Baymen. Located in the heart of Ambergris Caye, Grand Baymen is a developing island community situated in town but not right next to the sea. It is within walking distance to the beach and to San Pedro Town, which offer amenities in shopping, nightlife, restaurant and many other services. If you plan on living on Ambergris Caye, Belize real estate at Grand Baymen is a wise choice.
At Grand Baymen.com, the property developers also built a nearby beach resort for residents to enjoy. Residents can take a dip in the ocean, order their favorite drinks at the bar and enjoy the facilities at the neighboring Exotic Caye Beach Resort. With Belize at Grand Baymen, living on Ambergris Caye and in a beach community is now more affordable. With all the money investors can save on the purchase, they can put it towards their retirement fund.
Check Out the Amazing Deals on Belize Real Estate
For someone interested in investing in real estate on Ambergris, the Grand Baymen community offers various options. There are three Baymen Garden buildings: Building A, B and C with over 30 units. Most amenities such as the gym, tennis courts and swimming pool are provided. The property is constantly getting upgraded thus the development is improving all the time.
The price of a two bedroom unit condominium with 1,070 square feet in size is around $200,000.Â The property developer is also offering direct financing, which costs an investor 10% or $20,000 from the price. After the initial payment, the investor is only required to make interest-free and monthly payments of $1800 for three more years, even though there might be other terms that may apply in regards to the available capital and the interest. After three years, the investor will either pay the balance from his own pocket or refinance with the property developer. The good news is that the terms will be good for ten years with monthly payments of $1620 and an 11.5% interest.
The 11.5% interest rate for bank financing in Belize may sound very high to some Americans. However, the three-years grace period with no interest will give the investor time to sell a house to other investors who might be thinking of retiring in Baymen Garden in the near future.
The good feeling from retiring in a place like the Ambergris Caye is incredible. Together with the beautiful views and the convenient amenities, it is an extremely attractive deal to invest in real estate on Ambergris Caye. After only three years, the investors will be able to pay off the property and enjoy a relaxing and stylish lifestyle that they deserve. To learn more about Ambergris Caye investments, visit this link for more information: http://grandbaymen.com/investing.html