Finding the best property listings in Belize requires a mix of knowing the strategy to deploy, the tools to use, and knowledge of the real estate market in focus.
Why Buy or Invest in Property in Belize?
Belize is an English speaking country, which is also its official language, which means making legal, financial, and daily transactions more straightforward for most international investors and buyers.
The currency used in Belize is the Dollar (BZD), which is pegged to the US Dollar at a stable rate (2 BZD = 1 USD), and US dollars are widely accepted throughout the country.
For investors and buyers in Belize real estate, the annual property taxes are it is noted is low, even for high-end properties, which can be ideal to generate the most income from rentals, plus there is the advantage of no capital gains tax in Belize, which again benefits real estate investors.
Belize benefits from a growing tourism sector, particularly in the eco-friendly and and marine based tourism sectors, which can result in higher vacation rental income for luxury beachfront and jungle properties.
Belize offers a Qualified Retired Persons Program (QRP) that provides tax exemptions and residency benefits to retirees who meet simple criteria, as well as no inheritance tax, estate tax, or capital gains tax.
Belize is a world-famous location for its natural beauty and eco-friendly reputation, has the second-largest barrier reef in the world, lush jungles, Mayan ruins, and abundant marine life.
To obtain a title to a property in Belize it is typically done via a fee simple, similar to the U.S., Canada, and the UK. A 'fee simple' refers to the most secure and common form of property ownership, granting the owner full and absolute rights to the land and any structures on it. This means you own the property outright, with the ability to use, sell, lease, or transfer it as you see fit, similar to ownership in the US and Canada.
Belize City, located in Belize, Caribbean, is the largest city in Belize, and is reached by Philip S. W. Goldson International Airport, in Ladyville, northwest of Belize City, and by Belize City Municipal Airport, within the city itself.
As a buyer or investor, is the aim to purchase a home, condo, apartment, land, or a commercial property, and is there a special location or neighborhood of interest.
What is the intended purchase price for the property or the monthly mortgage rate to pay ceiling. How many bedrooms, bathrooms, parking slots, or facilities are required.
Does the listing show a range of high-quality photos, and are there tours or videos available.
If using a real estate agent in the search process, they may know of off-market listings, and be able to offer local market insights, and help navigate legal and financial processes.
Research the property being considered as regards its history, tax records, and if the property has been on the market a long time, or changed hands many times.
The best property listings in Belize by owner or agengt can usually include photos, floor plans, descriptions, square footage etc, and when ready view the property in person, or have a live tour performed.
