Belize is a nation on the eastern coast of Central America, with Caribbean Sea shorelines to the east and dense jungle to the west. It's known for its beaches, eco-lodges, scuba diving and sportfishing. Offshore, the massive Belize Barrier Reef, dotted with hundreds of cayes, hosts rich marine life. Belize’s jungle areas are rich with Mayan ruins.
High Season (Dec–Apr)
Low Season (May–Nov)
A foreigner can own property outright in Belize and has the same rights as a Belizean citizen to freehold property ownership.
Belize real estate values have been steadily going up during the past ten years. This trend continues and any property purchased now at a fair price will most likely be an excellent investment for short and medium term planners.
The first step is to submit an offer to the seller. The offer form is legally binding to both parties and includes an adequate due diligence period for the purchaser.
Upon acceptance by the seller, the purchaser will then retain a local attorney. Once satisfactory title research is completed, a recordable Agreement for Sale, or original title transfer instrument will then be drawn up based on the particulars of the original purchase offer.
The balance of the monies payable for either the down payment or the full purchase price will be due for deposit to our stateside company escrow account at the time specified on the purchase offer or Agreement for Sale.
The transfer documents will then be executed and delivered to the purchaser's attorney for review. The attorney will then send us copies and notify us that the documents are in order and will instruct us to release the seller's escrowed funds.
The executed documents will subsequently be processed at the Lands Registry and an original title or certified copy of an Agreement for Sale will then be presented to the new owner in due course.
There is no capital gains tax so the Government assesses a 5% 'stamp tax' on the declared purchase price of the property at the time of transfer of title. On an outright purchase, legal fees for title research and title transfer typically run at 2% of the purchase price.
The way to find a short term lease or long term lease is to use a agent so they can negotiate and draw up the relavant paperwork and arrange payments to the Landord.
A long term lease will be for a min term of 6 months with rent being paid monthly either directly to the landlord or through the agent.
Most properties come furnished so make sure you do a inventory before you take on the property.
The landlord will ask for a security deposit of at least one months rent.
One months deposit (refundable)