Risks of Buying Property in Belize
When it comes time to think about buying property in an overseas location like Belize, it’s normal to be cautious. There’s always someone who wants to separate a fool from his money, and it’s never easy to negotiate different rules and laws in a foreign country.
The good news is that buying property in Belize poses a very low risk. For one, Belize, in sharp contrast to nearby destinations like Mexico or Costa Rica, is an English-speaking country. That means that all the paperwork, documents, and contracts are written in a language that you can understand. Belize is also unique in that the local currency (called the Belize dollar) is permanently pegged to the American dollar at 2:1, so you never have to worry about calculating confusing or constantly changing exchange rates.
The process of buying property in Belize is almost identical to that in the United States or Canada. Property is held by a fee simple title, and, once you’ve negotiated a price, all that’s needed is a standard title search. Best of all, you can even handle the paperwork remotely via fax, so you don’t have to even physically be in Belize to conduct a real estate transaction.
There are zero restrictions or limitations on foreigners buying, renting, or selling real estate in Belize. And property taxes are extremely low, usually just 1% or less of the unimproved value of the land. Even better, Belize imposes no capital gains taxes and no income taxes from property or other forms of income, meaning your hard-earned money is protected.
Cerros Sands is one of the best places to buy real estate in Belize. A true “community in the country,” Cerros Sands is a master-planned, gated neighborhood that is completely “off the grid” and powered by self-sustainable forms of energy. Cerros Sands has homes, villas, condominiums, and waterfront lots. Land Prices start at $23,000 US, and financing is available at attractive rates for land purchases. And the management of Cerros Sands will ensure that you will receive the highest possible returns on your investment.
At Cerros Sands, the founder has been living in the country for more than 10 years and currently resides, along with his family, in the community. An expert in Belize real estate, the founder is more than happy to provide you with insider tips on how to buy real estate, how to build a house, dealing with taxes, and what you’ll need to know when relocating to Belize.