Belize real estate sales during the past two decades have been nothing but a constant uphill increase. In places like Ambergris Caye, Corozal, Placencia and neighboring areas, they have nothing but a sharp increase in realty sales.
Since Belize’ s independence in 1981, which freed them from British colonization, the new government has thought of ways to promote their hidden wonders and reveal them to the world. Foreign investors can find themselves buying properties at a fair price and are guaranteed that it is a very good deal. Foreigners in Belize can own property free, clear and outright. Meaning, the right to own is similar to local Belizeans. No more applying for licenses and special permits, lining up at the city hall and what not. The government stamp transfer tax is the only thing one pays when buying land, and as of the moment is a little under 5% of the buying amount!
One amazing fact that catches a foreign investor's attention is that there is no capital gains tax when one wishes to sell his or her property. So, there is nothing to worry about in the future if one feels like letting go of Belizean land, which is very good news for investors. Real estate Belize has the highest appraisal value across the globe that is why investors are very interested in acquiring properties in the country.
There are two ways in which foreign investors can own land property in Belize. The first way and easiest way is the buyer gets the title free and clear, either in his or her name or a company name. The property can also be mortgaged through a lending institution. These titles, free and clear, are issued for land, houses and true condominium units. For condominiums, they are surveyed and each condo receives a “ strata” title. The second way of owning realty is by a Corporate Share Certificate also known as “ Co-op.” This is used when buying property or condos within a planned community where each condo or house represents a share or shares of a company. This perhaps is the rarest way of owning property and is not so popular, but is still available.
Another great thing about Belize real estate is that they are generally quoted in U.S. dollars. One does not need to do mind-boggling math when knowing the value of realty in Belize. The process of buying property only takes 30-90 days and is fairly easy from start to finish.
If financing is what a buyer wants, some sellers who offer financing may ask 9-12% interest. There are also others who offer financing with lower interest rates which can go as low as 7% but are unusual. One must understand that financing, both by sellers or offshore banks, is often at the rate of at least 10% in interest.
One needs not to be in the country to buy or sell his or her property. Although this could be very well done when selling, we still recommend you to see and know everything about what you are buying. It is always better to be safe and secure than sorry.
Since Belize’ s independence in 1981, which freed them from British colonization, the new government has thought of ways to promote their hidden wonders and reveal them to the world. Foreign investors can find themselves buying properties at a fair price and are guaranteed that it is a very good deal. Foreigners in Belize can own property free, clear and outright. Meaning, the right to own is similar to local Belizeans. No more applying for licenses and special permits, lining up at the city hall and what not. The government stamp transfer tax is the only thing one pays when buying land, and as of the moment is a little under 5% of the buying amount!
One amazing fact that catches a foreign investor's attention is that there is no capital gains tax when one wishes to sell his or her property. So, there is nothing to worry about in the future if one feels like letting go of Belizean land, which is very good news for investors. Real estate Belize has the highest appraisal value across the globe that is why investors are very interested in acquiring properties in the country.
There are two ways in which foreign investors can own land property in Belize. The first way and easiest way is the buyer gets the title free and clear, either in his or her name or a company name. The property can also be mortgaged through a lending institution. These titles, free and clear, are issued for land, houses and true condominium units. For condominiums, they are surveyed and each condo receives a “ strata” title. The second way of owning realty is by a Corporate Share Certificate also known as “ Co-op.” This is used when buying property or condos within a planned community where each condo or house represents a share or shares of a company. This perhaps is the rarest way of owning property and is not so popular, but is still available.
Another great thing about Belize real estate is that they are generally quoted in U.S. dollars. One does not need to do mind-boggling math when knowing the value of realty in Belize. The process of buying property only takes 30-90 days and is fairly easy from start to finish.
If financing is what a buyer wants, some sellers who offer financing may ask 9-12% interest. There are also others who offer financing with lower interest rates which can go as low as 7% but are unusual. One must understand that financing, both by sellers or offshore banks, is often at the rate of at least 10% in interest.
One needs not to be in the country to buy or sell his or her property. Although this could be very well done when selling, we still recommend you to see and know everything about what you are buying. It is always better to be safe and secure than sorry.