BUYING LAND IN BELIZE – A SIMPLE GUIDE
If you’re thinking of moving to Belize, read further as we made this ultimate guide for an investor like you.
We will give you all the reasons why moving here in Belize will be one of the most significant decisions of your life. From the affordable cost of living to a laidback lifestyle, everything you’re looking for is on the northeastern coast of Central America.
IS BUYING LAND IN BELIZE A NICE IDEA?
It is normal for every investor to be cautious when buying a property, especially in a foreign location like Belize. But tell you what, investing in a property in Belize poses a very low risk.
First of all, It is known that there is no personal tax in Belize. There is also no inheritance tax and no capital gains tax. Great, right?
Secondly, Belize is an English-speaking country, so doing legal transactions such as documents, paperwork, and contracts will all be written in a language that you’re already familiar with.
Lastly, what is there to lose? Buying a property is like getting yourself a piece of paradise. That is already a win for you.
COST OF BUYING A LAND IN BELIZE
The cost of buying land in Belize has a lot of factors such as location, type of property, and the perceived value of buyers.
Prices range from US £60,000 to $15,000,000. The property could be either a home in an upscale gated community, beachfront location for commercial development, or a maximum privacy island in Belize.
CAN FOREIGNERS OWN LAND IN BELIZE?
Yes, of course! Foreigners are very much welcome in buying a property in Belize. And the best part here is that foreign buyers also have the same rights in buying properties as their own citizens. Isn’t that just marvelous?
Best of all, property taxes are very low, usually around 1% of the property value.
HOW DO YOU BUY LAND IN BELIZE?
First is to look for a property that suits you and your needs. Consider the cost of living, location, and surroundings.
Second, make an offer to purchase. Make an “Offer To Purchase” letter and include all the necessary details of the buyer and seller, legal description of the property, and price.
Third, you can negotiate with the seller for the price and once done, make your deposit.
Fourth, do a title search to know if the property you’re buying has any mortgages or any unpaid taxes.
And last, sign your Purchase Agreement document and pay the property price in full as well as a Stamp Duty so that the property’s title will be transferred to your name.
BEST PLACES TO BUY A PROPERTY IN BELIZE?
For such a tiny place, you’ll be surprised to know that there are lots of options to choose where to live in Belize. As we’ve said, that really depends on your needs as an investor. It depends on your budget, lifestyle, and activities you enjoy doing.
There are lots of famous places in Belize like Corozal, Ambergris Caye, Cato District in western Belize or the Placencia Peninsula on the Caribbean Coast.
You can opt for a place along the shoreline with a beautiful view of the ocean. You can also have a place on a small island, a place to enjoy by yourself. You can also get a spot along beautiful rivers or even in the forest. That’s for you to decide.
INVESTMENT OPPORTUNITIES – DISCOVER LAND FOR SALE IN BELIZE
Now that we’ve walked you through every step in buying a property in Belize, are you ready to look for a property to buy?
Contact us to discuss options for land for sale in Belize and land investment opportunities in Belize.