Excuse the lack of profundity, but there are two main factors that make a country a good place to buy beachfront property: 1) the amount of beach; and 2) the prices. If you’ve seen a map of Belize, you’re obviously in the right place as far as to the first point. We have kilometers and kilometers of beautiful beaches rising from the Caribbean Sea.
Like any location, the prices for buying beachfront property in Belize vary. There is an abundance of options, many reasonably priced, throughout the country. A few favorites include:
- The Cayes – located off the coast of Belize, Ambergris Caye real estate and Caye Caulker real estate are hot spots for water-based adventure and expat living.
- Placencia – located south of Belize City in the Stann Creek District, Placencia is a gorgeous peninsula with resorts catering to tourists as well as loads of beachfront property on the Belize real estate market.
- Corozal – in Northern Belize, close to Mexico, Corozal real estate is less expensive typically than the options above, while boasting similar pristine beaches.
Belize is one of the few countries in the world where foreigners enjoy the same rights as citizens with regards to property ownership in land ownership and tenure. All land purchases are subject to a Government Stamp Transfer Tax, which currently is a little under 5% of the purchase price.
If you are buying property in Belize, you might be doing so for different reasons. If you are retiring in Belize and buying home for this purpose, you probably have a ballpark figure you can spend and so explore the options above to see what fits your budget.
Perhaps you are interested in buying property in Belize or buying land in Belize as an investment opportunity. An important incentive in this case is the absence of any capital gains tax in Belize. This, of course, means if you buy property in Belize and then sell it later for a profit, your profits will not be taxed. Also a good thing to keep in mind if you buy a home in Belize as a retiree and then for some mind-boggling reason you change your mind about retirement in Belize.
To learn more about real estate in Belize, visit our Belize Real Estate FAQ page here.
To learn more about buying beachfront property in Belize, please contact us today to speak with a Belize real estate attorney.
