Commercial real estate agency Belize 2023 from Ambergris Caye Real Estate: Appreciating Real Estate Market: Year-over-year Belize real estate has seen exponential gains in terms of Real Estate appreciation. Belize real estate is still undervalued when compared to other destinations in the market. There are a variety of real estate opportunities and investment properties in Belize. If you’re considering making a real estate investment or buying a property in the booming Caribbean market of Belize, the team at RE/MAX is here to help. Learn how you can own and invest in Belize real estate and find your perfect property in paradise! See even more info on Remax Belize.

You also want the Closing Company to look over the proposed purchase agreement, making sure the information is correct and ensuring it’s in full compliance with the local and governing laws of Belize. A Closing Company is particularly important if you are choosing to finance a property with the seller because a payment processing company is often needed. It is also common in Belize for a closing company to use an Escrow Agent and/or Escrow Account. This helps to protect the buyer and the seller during the real estate transaction. Since most real estate transactions in Belize are done in USD it is common for the Escrow Account to be in the US and with a US Bank account.

In Belize, not all properties and real estate have “fee-simple titles.” A lot of condos will use Strata Title or Co-Op Share ownership which is a less desirable form of property and real estate ownership in Belize. When buying land or property in Belize, you will be shocked to learn how inexpensive and cheap the property taxes are. Most property taxes are 1% to 1.5% of their assessed value. What is even more appealing is that property or land assessments are usually far less than the actual resale value. For example, property taxes for land around Belize Secret Beach start at $75 per year. Property taxes in Mahogany Bay are $108 per year.

The Mountain Pine Ridge Forest Reserve offers a soothing contrast to the tropical humidity of the coast. The higher elevation here keeps daytime temperatures cool and offers a welcome respite from mosquitoes. Hiking among the pine forests, visitors can explore cool gushing rivers, waterfalls, pools, and caves, although in recent years, the pine beetle has devastated many of the trees. One of the top attractions within the reserve is the Río Frio Cave & Nature Trail, once used by the Maya as burial grounds. A river runs through the center of the cave. At the Five Sister Falls, five cascades spill into a beautiful pool. For a refreshing dip head to Río On Pools where small waterfalls connect a series of pools carved from granite boulders. The slabs of rock are great for basking in the sun after a swim. Also called Hidden Falls, Thousand Foot Falls are surrounded by hiking trails. Visitors can enjoy beautiful views of the area from the observation platform here.

Belize attractions and climate makes purchasing a house here a sweet idea. Imagine living permanently there… the joy. One of our most common questions is ‘Why Buy Real Estate in Belize?‘ and ‘Why Should I Visit Belize Over Other Topical Destinations?’, once you visit the country you will see why thousands are flocking to the tropical paradise and the island of Ambergris Caye. Buying a second home in Belize is viable investment idea as well as a sensible tax reduction step. You are exempt from capital gains tax if you have lived in the home for 2 years before selling. If you take out a mortgage in Belize, you can deduct mortgage interest and property taxes from your tax liabilities. There are a number of great Belize properties available throughout the tropical country of Belize, many of which are perfect vacation properties. If you are looking to buy or invest in Belize real estate contact Will Mitchell at Belize Secret Beach.

If you will be staying and visiting Belize longer than 30 days, you will need to visit an Immigration Office to extend your stay in Belize. Most towns and destinations have a local immigration office that can facilitate the process and renewal. The permit required to extend your stay in Belize beyond 30 days is the ‘Belize Visitor’s Permit Extension.’ All U.S. citizens traveling to Belize must have a valid passport. Belize does not require US Passport Holders to apply for or have a visa. There are no visas required for citizens of the United States for tourist visits of up to 30 days.

Buying Belize Real Estate is very easy and the process is much like in North America (USA & Canada). Belize is one of the few countries in Central America & the Caribbean where foreigners enjoy the same property ownership right as nationals in land ownership and tenure. When a foreigner buys property in Belize, they own it outright with a fee-simple land title. The preferred practice of owning Belize real estate is through a fee-simple title which is clear title freehold ownership.

Will prides himself in providing outstanding service to buyers and sellers. Making it his business to truly understand each client’s unique needs, personal preferences, and style. Using those insights, along with detailed market reports and customized marketing plans, helps them find the perfect property in Belize. Dustin Rennie first came to Belize in 2015. Since arriving in Belize and the island of Ambergris Caye, Dustin has seen the opportunity Belize has. Working alongside Will Mitchell, Dustin has helped grow RE/MAX Belize into what it is today. Dustin Rennie (along with Will Mitchell) hails from Canada, seeking an escape from the frigid northern winters. Belize has offered far more than just a desirable climate, with opportunities ranging far outside just real estate. Find even more info on https://remaxbelizerealestate.com/.