Say that five times fast.
The Real State of Buying Real Estate in Belize
The Real State of Buying Real Estate in Belize
The Real State of Buying Real Estate in Belize
The Real State of Buying Real Estate in Belize
The Real State of Buying Real Estate in Belize
Belize continues to be renowned as one of the easiest countries in Central America to buy land and real estate, and to retire in. The Belize International Airport is slated to open August 15, 2020, so now is a good time to plan ahead.
UPDATE: Due to new COVID-19 cases, the reopening of the International Airport has been delayed. If you’ve been eyeing a property in Belize and can no longer view it in person due to this update, we can visit the property on your behalf. Contact our office for more details on this amazing service.
No restrictions exist on non-citizens owning property and property taxes are extremely low! As an added bonus, there are no capital gains taxes.
Belize also has one of the most attractive retirement programs in the world. The Belize Qualified Retirement Program (QRP) incentivizes every aspect of moving to Belize. To learn more about the QRP, please click here.
And, of course, there’s the land itself in Belize. You have your choice of unspoiled Caribbean coastline, jungle bungalow, or laidback town dwelling. There is something to fit everyone’s lifestyle and budget. You can read more about the recent wave of retirees heading to Placencia here. Click here to read about a few of the more popular options.
Belize real estate is ideal for retirees but is also attractive as an investment opportunity. The lack of capital gains tax (CGT), no foreign ownership restrictions and high demand for specific types of accommodation mean that Belize could well be a wise investment choice at any stage of your life, with the intention to retire there for some or all of your retirement years being a very viable option.
What’s more, prices are still relatively low.
For many, purchasing property early in Belize contributes to their retirement fund, as you are able to rent the place out when it’s not in use. Continuing on the trajectory that Belize has been traveling in the last several years, we should continue to see positive gains for sellers in the Belize Real Estate market. You can read more about why would-be retirees are flocking to Belize here.
Our firm often gets calls with questions such as, “Where is the best place to buy property in Belize?” and, “How do I know if the property has a clear title?” To the former, we say: Visit! To the latter, we suggest visiting our Real Estate FAQ page.
And if you need assistance from a Belize lawyer, please contact us today. We always recommend consulting legal and tax professionals before deciding on any investments, and Belize is no different. Our Belize lawyers have over a decade of experience here in Belize but are also accredited to practice law in Florida, New York, and Jamaica. We would be more than happy to hear from you and to assist you in your purchase of a slice of paradise here in Belize.
