Buying property in Belize

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Christine ViP

Member since 29 September 2008

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ChristineViP02 December 2011 09:20:03

42879

Hi,

can a foreigner buy property in Belize?

If so, is it complicated? What is the process of purchasing a property in Belize?

Any tips for buying property, such as a check-list of items to verify ?

Thanks in advance for participating!

Christine

tonymarsico Active member

Member since 20 June 2011

tonymarsicoActive member05 December 2011 13:43:38

It\'s easy to own as a foreigner in Belize. The laws are the same as the States and Canada, set up by her lady the Queen. Always use a Real Estate Lawyer to check title, there are many and it\'s not that cost prohibitive. I am always amazed by the amount of people who havew $100K to buy a piece of property but balk at a $500-$1000 in due diligence for the purchase.
Good luck....

Wealthships Serial expat

Member since 30 October 2010

WealthshipsSerial expat05 December 2011 17:34:13

282

Yes, Tony, and then when something does go wrong, they blame everybody - Belize, the realtor, the seller/developer - everyone but themselves. So people are their own worst enemies.

One thing interesting to note about buying property in Belize is that there are no financial incentives like we have in the States, i.e. you do not get to deduct your mortgage interest or property taxes.

Also, you\'ll have to put down a whole lot more money here in Belize to even be considered for a loan, so potential buyers should keep that in mind too.

Christine ViP

Member since 29 September 2008

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ChristineViP06 December 2011 06:12:34

42879

Hi Tony and Sharon,

Thank you for your advices!

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