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  • 8/12/2019 PlottPalmTrees.COM BELIZE! Expat Relocate To A CLEAN ENVIRONMENT AND FREE LIVING! CALL US HERE: TOLL-F

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    The Palms at

    COROZALOwn your slice of theCaribbean dream in beautiful Belize.

    Lots from $12.500

    Select number

    of lake front lots

    Below market

    value investment

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    The Palms at 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.

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    The Palms at 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 nd 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 anopportunity 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 COROZALis

    located just under a minute from

    the Sea, with some of the most

    beautiful beaches you will nd

    anywhere. You are less than 1 mile

    from the Sea, yet you are paying afraction 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, landvalues 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 benet of

    our community are the restrictive

    covenants in place, to ensure all

    new homes conform to a minimum

    standard.

    Welcome to The Palms at

    COROZAL

    The Palms at

    COROZAL

    You are less than

    1 mile from the Sea,

    yet you are paying a

    fraction of the price of abeachfront land lot.

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    HOLDING ON TO YOUR lot at The

    Palms wont 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 peryear 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.

    The Palms at

    COROZAL

    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

    There is an excellentoff-shore banking system

    and purchasers can also

    elect to establish a local

    corporation.

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    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 COUNTRYlocated

    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 ofcial language,

    although Creole and Spanish arealso 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 signicant 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 inthe 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 Integracin

    Centroamericana (SICA).

    Unfamiliar with

    BELIZE?

    The Palms at

    COROZAL

    Belize is the only

    country in Central

    America where English

    is the official language,

    although Creole andSpanish are also

    commonly spoken.

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    The Palms at

    COROZAL

    There is an excellentoff-shore banking system

    and purchasers can also

    elect to establish a local

    corporation.

    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 arecarried out. Belize allows ownership

    through foreign corporations,

    trusts, and foreign individuals,

    and foreign investors are allowed

    to own both vacant land and

    nished 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 signicantly, 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 inux of American-

    and 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

    Belize is generallyconsidered to be the

    most affordable of the

    Caribbean markets

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    The Palms at

    COROZAL

    There is an excellentoff-shore banking system

    and purchasers can also

    elect to establish a local

    corporation.

    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 ofthe 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 1316%, 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 nancingbecomes available, the real estate

    market is almost always affected in

    a positive way.

    WHY COROZAL

    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

    The Government isencouraging investment

    from abroad by offering

    a variety of incentives.

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    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 The Palms 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 exibility 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 isnt 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 inux of workers from the

    nearby countries, which has further

    increased the demand for housing.

    Why Invest in

    LAND?

    The Palms at

    COROZAL

    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

    Our location on Serenity road is just a

    minute away from the ocean, a local B&B

    and the town of Corozal

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    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 specic 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 OPTIONwould 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 SECOND OPTIONis to build a

    home on your lot, and exit out by

    selling the nished property. This is

    a very lucrative option,

    as construction costs in Corozalare much lower than in the United

    States - you could build a 1.250 sq.ft

    property for right around $75.000

    USD.

    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.

    Get your

    RETURNS

    The Palms at

    COROZAL

    Construction costs in

    Belize are significantly

    lower than in the U.S.

    and Internationally.

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    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

    conrmed, you will be asked to pay

    a reservation deposit (normally

    10%) and sign a reservation

    document. Once this has been

    returned to the developers

    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 noencumbrances 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 theownership 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.

    THE PURCHASE

    PROCESS

    The Palms at

    COROZAL

    The Legal system in

    Belize is based on British

    law, and all contracts are

    in English.

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