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Buying Land In Belize: The Complete Guide You Need
Kat Kalashian
Belize is a Commonwealth country and the only English-speaking country in Central America.
With this ease of communication, common law background, plus the beautiful tropical atmosphere on offer in Belize, it’s no surprise that this country is on the radar for forward-thinking investors, second home buyers, and retirees.
Today I’m bringing you Issue I of the Belize Property Mini-Series, which provides an introduction to Belize and investing in raw land specifically. (To receive the future issues, subscribe to the free weekly In Focus: Belize) My goal is to deliver the latest property information from Belize and connect you with the right people on the ground.
This mini-series will cover different types of land ownership to help you figure out which might be right for you, including:
- Raw land—Oct. 10
- Condos and villas—Oct. 17
- Developments—Oct. 24
- Eco-homes—Oct. 31
Real estate opportunities in Belize are abundant right now, and the market continues on an upward swing. There’s been a strong rebound since COVID restrictions were lifted earlier this year, and I don’t see this slowing down.
The main mode of transportation is golf carts, and the streets are lined with colorful, charming buildings. Water sports are enjoyed in the warm azure waters, and the pace of life is laid-back…
Costa del Sol is a growing area located a five-minute boat ride west of the heart of San Pedro Town.
What makes this location unique is the limited number of homesites available (only four) and the location directly across from town. You have the private island feel while still being on Ambergris Caye and having access to the island’s amenities.
Construction on a road from the popular Secret Beach towards this area has started and currently ends about 0.25 miles from this property.
These are their prices:
- Lot 14: 0.26 acres—closest to Brahma Blue—US$59,900 + closing fees
- Lot 15: 0.18 acres—US$54,900 + closing fees
- Lot 16: 0.243 acres—US$59,900 + closing fees
- Lot 17: 0.246 acres—waterfront—US$74,900 + closing fees
This is the view from a lot in Costa Del Sol, West Ambergris Caye
For additional information about this property or to do a video tour, get in touch with me here.
Spotlight Opportunity: 4 Contiguous Lots In Costa Del Sol, West Ambergris Caye
Costa del Sol is a growing area located a five-minute boat ride west of the heart of San Pedro Town.
What makes this location unique is the limited number of homesites available (only four) and the location directly across from town. You have the private island feel while still being on Ambergris Caye and having access to the island’s amenities.
There are three other resorts (one operating and two under construction), four large private villas, and a restaurant that’s open for breakfast, lunch, and dinner in Costa del Sol.
Construction on a road from the popular Secret Beach towards this area has started and currently ends about 0.25 miles from this property.
These are their prices:
- Lot 14: 0.26 acres—closest to Brahma Blue—US$59,900 + closing fees
- Lot 15: 0.18 acres—US$54,900 + closing fees
- Lot 16: 0.243 acres—US$59,900 + closing fees
- Lot 17: 0.246 acres—waterfront—US$74,900 + closing fees
This is the view from a lot in Costa Del Sol, West Ambergris Caye
For additional information about this property or to do a video tour, get in touch with me here.
Top 3 Foreign Buyer Considerations
Here a few considerations that you, as a foreign buyer, should know before owning property in Belize:
- Financing as a foreigner can be extremely difficult to secure and is often costly. There is only one bank I’m aware of that will finance, and the rates often include double-digit interest rates and balloon payments after a few years. In some cases, the seller (whether a developer or a re-sale) may offer financing, but unless it’s specified in the listing, expect for the transaction to be cash.
- Real estate transactions are done in U.S. dollars.
- Closing fees: Belize charges 8% stamp tax (title transfer fee) and attorney fees are typically between 1% to 2%. These fees are not included in the listing price, so be sure to factor them into your budget.
Rachel Jensen
Belize Insider
