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How To Purchase Real Estate in Belize

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how to purchase real estate in belize

Posted: Monday, January 25, 2021. 2:59 pm CST.

Paid Contribution: Many ex-pats find the Belize real estate market attractive. Part of this is due to the lure of this beautiful Central American location as a great place to live. However, it’s also seen as a great investment opportunity.

Thanks to the rapid increase of tourism and the number of people immigrating to the country over the last few years, real estate values seem set to grow. Given that the country has no capital gains taxes and low property taxes, the economic advantages to buying land here seem obvious.

Other factors play into the desirability of Belize as a place to buy real estate. For example, English is the official language, making business transactions more transparent to North Americans and Europeans considering investing in Belize.

Additionally, foreigners enjoy the same legal protections that residents of Belize do. This contrasts sharply with the laws of many other countries in the area, which discriminate against non-nationals who wish to own land.

Many foreigners find that it’s as simple to buy land in Belize as it is in their home country. They don’t even need to be present in the country in order to complete a real estate purchase! That being said, it’s always advisable to visit the property before buying.

 

carmelita gardens belize

Carmelita Gardens is currently one of the most desirable places for both ex-pats and foreign investors.

It is also advisable to work with both an experienced buyer’s agent and real estate attorney who are native to Belize. Not only will they ensure a smooth and legal transaction, being familiar with the area, they can also provide guidance to make sure the property suits the needs of the purchaser.

It is essential that the attorney perform a title search. These are relatively inexpensive and will avoid the hassle of potential legal disputes. By working with a reputable title company as well as an attorney, the buyer will avoid potential headaches.

Once a sale has been agreed upon, the buyer needs to be aware that it can take anywhere from 30 to 90 days to close on the property. Given that there are over 16 annual public and bank holidays, experienced local agents include automatic extensions into the sales agreements.

As you can see, as long as you work with experienced local talent, buying real estate in Belize is fairly easy. The question then becomes – where is the best location for your new property?

Carmelita Gardens is currently one of the most desirable places for both ex-pats and foreign investors. Located in the Cayo district of Belize, it is a thriving community that specializes in off-grid living. Additionally, with a purchaser’s guide and onsite property management, Carmelita Gardens makes buying a property in Belize even easier.

 

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