What to know before you buy a beach house in Placencia Belize

Published by [email protected] at November 12, 2020

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Posted: Thursday, November 12, 2020. 2:51 pm CST.

By BBN Staff: Belize conjures up images of lush rain forests, serene white beaches, and clear Caribbean waters where colorful fish play. While this tropical paradise attracts an abundance of tourists each year, it has also become a popular destination for ex-pats seeking a more relaxed lifestyle.

For those who dream of oceanfront property, Placencia is the ideal location as it has some of the best beaches in the country. Many foreigners who buy a beach house in this charming and gorgeous locale choose to live here year-round, enjoying the temperate climate and wide variety of activities the area has to offer.

Others decide to only live here part-time. When not on-site, they can make an additional income by renting out their beach house through Airbnb or other vacation rental sites. Given Belize’s popularity as a tourist destination, it’s easy to find renters.

Before buying your ideal beach house in beautiful Placencia, Belize, there are a few things to be aware of.

It’s easy to buy property here

Unlike other countries in the region, the government of Belize has made it simple for foreigners to buy property. You won’t need to get special waivers, jump through hoops, or agree to a long-term lease. When it comes to buying property, you will be treated just like one of the locals.

English is the official language

This makes it easy for most ex-pats to read the contracts that accompany real estate transactions and easy to interact with real estate professionals in the country.

You may qualify for special tax and investment incentives

If you are over the age of 45 and can prove you have a steady income source, then you may qualify for the Qualified Retired Persons (QRP) incentive program. This makes it easier for you to move to Belize.

It’s important to work with qualified local professionals

While it’s relatively easy to buy property in Belize as compared to other Central American countries, it’s still a good idea to work with local experts who understand the area and the local culture. They will help ensure that your experience is a positive one.

If you’ve decided that owning real estate in Placencia makes sense, your next step should be to contact Belize’s premier real estate agency. Воrіѕ Маnnѕfеld & Аѕѕосіаtеѕ represent the best properties and most promising investments in the area. With a combined experience of over 50 years, their real estate team can guide you to the perfect property for your needs. Contact them today to learn more.

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