Thanks to a continuing boom in tourism, Belize is now becoming one of the most attractive property markets in Central America. Unlike many of its neighbors, Belize ensures that foreigners have equal rights in buying, selling, and renting property as do the locals, making buying property in the country a safe and savvy investment.
The government of Belize imposes very low taxes on property, just 1-1.5% of the assessed value of the undeveloped land, and buyers are only required to pay around 5% of the property value when acquiring the title. Furthermore, Belize imposes no capital gains taxes, meaning investors will be able to keep 100% of their profits following a sale.
And now that all four of the biggest airlines in the United States offer non-stop flights to Belize, it’s easier and more affordable than ever for property owners to manage their affairs in the country. And non-nationals have the option to set up offshore companies to manage their property in Belize, a secure way to protect hard-earned assets.
Where to Buy in Belize
Although Belize is currently undergoing a property boom, there are still many great properties for sale. The most popular area for expats in Belize is the country’s northern Corozal District that lies between the Mexican border state of Quintana Roo (home to the resort town of Cancun) and the island of Ambergris Caye, the gateway to the northern Belize Barrier Reef.
Corozal has a well-established expat community that regularly hosts social events. Corozal also enjoys some of the finest weather in the country thanks to refreshing breezes that keep humidity and insects at bay. Corozal is an important area for wildlife and birds, with hundreds of different avian species recorded. And residents of Corozal can enjoy affordable shopping and world-class health care across the border in Mexico, including familiar retailers like Sam’s Club and Walmart.
Cerros Sands is a gated, master planned community developed by an American man who lives on site with his family. Located on the shores of the gorgeous Chetumal Bay, Cerros Sands offers condominiums, completed homes, and attractive beachfront, beach view and seaview parcels as well as parcels with deep water channel access starting as low as $17,700.