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.
The best real estate agents in Belize are often those that provide the optimum solutions that a buyer or seller are looking for.
Leading or top agents often have extensive experience in local market trends, pricing, neighborhoods, and where to find investment real estate that fits the buyers financial goals.
A good real estate agent will be responsive, know how to negotiate, and keep the buyer and seller informed of the status of the deal at all times.
Who has the best reviews can be helpful, but word-of-mouth from happy clients, or friends and family, is usually the safest way to hire an agent.
Depending on your needs, you might want an agent who specializes in a specific market, like luxury homes, investment properties, or first-time homebuyers.
The best agents in Belize often have a wide network of contractors, inspectors, and mortgage brokers, which can make the buying and selling process smoother.
