Top real estate opportunities Belize 2023: Appreciating Real Estate Market: Year-over-year Belize real estate has seen exponential gains in terms of Real Estate appreciation. Belize real estate is still undervalued when compared to other destinations in the market. Our regional office is located in San Pedro Town on Ambergris Caye, Belize. If you are looking to secure your dream home in paradise or invest in one of the top emerging markets in the region, RE/MAX Belize Real Estate is here for you. See extra details at Ambergris Caye Real Estate.
After all the documentation is signed, everything will go to a Closing Company for the due diligence and transfer of property. When buying any property in Belize you want to ensure the process is done correctly. That includes initiating a title search and ensuring there are no liens or encumbrances on the property. When buying Belize real estate you also want to make sure that the seller is legally able to sell the Belie land. The property history as well as corporate and IBC registration is also something that the Closing Company will take care of. A Closing Company will make sure past transfers of ownership were done properly and that the whole process is done correctly.
Property taxes in Belize are paid annually in April and are to be paid each year. Property taxes in Belize for land and real estate are assessed and determined by the Department of Natural Resources. Belize is a low-tax jurisdiction and the property taxes in Belize are some of the lowest of any of the Commonwealth countries. Property taxes in Belize are almost unbelievably low for most off-shore owners and investors. When buying a property in Belize Belizeans pay 5% of the purchase price in Stamp Duty or Transfer Tax to the Government of Belize. Foreigners and non-nationals pay an 8% Stamp Duty or Transfer Tax to the Government of Belize when buying real estate or property in Belize. This is why so many foreign owners and investors purchase Belize real estate in an IBC. When you buy real estate in Belize that is in an IBC there is no stamp or transfer tax. Learn more about owning Belize property in an IBC.
Once a Mayan fishing village, Belize City was the country’s capital until 1970 after Hurricane Hattie wreaked havoc. Today, it’s Belize’s largest city and commercial center; a busy port, which welcomes cruise ships; and the country’s main gateway. Ramshackle Victorian buildings jostle along the narrow streets in town, but despite its gritty exterior, the city has a fascinating past featuring Mayans, colonial days, hurricanes, and fires. To learn more, visit the Museum of Belize, housed in a former prison; pop into Government House; or explore the Old Belize Cultural and Historical Centre, a museum, beach, and restaurant all rolled into one. Built in 1923, the Belize Swing Bridge connects the south and north sides of the city and is the world’s only manually operated bridge of its kind. A short drive from the city, visitors can explore the Altun Ha Archaeological Site and the excellent Belize Zoo, which emphasizes conservation and education. This is a great place to see many of the country’s native creatures in natural surroundings, most of which are rescue animals, including jaguars, tapirs, toucans, and howler monkeys. Since the city sits at the mouth of the Belize River, on the Caribbean coast, anglers will find excellent fishing opportunities a few minute’s drive from the center of town.
Belize attractions and climate makes purchasing a house here a sweet idea. Imagine living permanently there… the joy. Many people often ask us why the Platinum Coast (West Coast) & Secret Beach is just beginning to undergo rapid development given its beautiful beaches and sunset views and the story goes back to when the island was first developed. As many of you already know, in a tourism destination the most coveted coast is almost always the West Coast because of the amazing sunsets. The island of Ambergris Caye was however originally developed on the East Coast to accommodate the reef and the fisherman who wanted to get out first thing in the morning to fish. The East coast of Ambergris Caye has been developed leaving the west coast to be forgotten, until now.
Do I Require a Visa to Travel to Belize? There is no Visa or Travel Visa required when traveling to Belize. When you enter Belize (by air, land, or sea) you are issued a tourist visa for 30 days. You can renew this visa every month at a local immigration office. Some countries have a maximum of 30 days without a visa and no visa is required for Belize travel. Please keep in mind that while a visa is not required, travelers to Belize must have: Hold a valid passport that is still valid for at least six months on entry; the passport must have one blank visa page; hold proof of onward/return flights; Hold all documents required for the next destination (if you are connecting to somewhere else); You may be asked for proof of sufficient funds relative to your intended length of stay.
Foreigners can own property in Belize as an individual or through a Belize Chapter 250 (Limited Liability Company) or with an International Business Company (IBC). A property (like Belize land) will have a title that would be issued by the lands department. Condominiums in Belize are purchased through a “Strata” title or co-op share ownership. There are a few types of property ownership in Belize and it is important to learn the differences.
With decades of experience in Belize Real Estate and working with RE/MAX Will has helped hundreds of clients find their dream homes or investment properties while personally being invested in numerous deals in this market. After years of experience in Belize and working with RE/MAX Will took on the role of “Regional Owner” for RE/MAX in Belize in 2019. Growing not only RE/MAX in the region but the global awareness of Belize. Find more information at remaxbelizerealestate.com.