Investing In Belize's Real Estate
Belize offers a platter of coastal activities, friendly culture, and most importantly affordable real estate options to make any dream come to life. It is this reason why the real estate market in Belize is hot.
San Pedro, Ambergris Caye, Belize, January 30, 2015 (Newswire.com) - Belize, strategically located between Mexico and Guatemala, is one of the Central America’s biggest tourist destinations. Enthusiasts from around the world draw to this place to enjoy scuba and snorkeling or to just indulge in bird watching at country’s national parks. There is everything fascinating about this place from Mayan sites of Altun Ha, Lamani, to Caracol. However this place isn’t cheapest among other Central America’s destination. But then, this place is surely the easiest and much relaxing to travel or to stay.
There are million miles of coastline around the globe where anyone can settle down. But for a picture perfect destination, no other coastline can come closer. Belize is also a suitable option for people looking at ways to invest in overseas. If this all sounds too overwhelming, take a look below at why purchasing a land or home in Belize is not as hard as it sounds.
Few tips that can help you make wise decisions:
- There is no capital gain tax. That means there is a possiblity at selling a property at a greater cost than the buying cost, as there is no additional tax on money gained.
- Familiar buying process. There are many similarities in real estate buying-process just like in foreign countries (including US and Canada).
- Foreigners can buy property in Belize as easily and readily as any Belizean.
- Perks for retirees. Qualified retirees are exempt from all import duties when they move to Belize for the first time.
Buying properties in Belize through finance can be tough and expensive. But the good news is that there are financers and banks like Coldwell Banker that can help anyone with any real estate transactions. In fact newcomers to Belize or to property transactions in Belize, should go straight and speak to financers and banks like Coldwell Banker. This will not only save a lot of time, but will also save any possible disappointment or confusion. Moreover, taking assistance from credible financial institution to mediate in the property deals eliminates any chance of fraud related to the property dealing. Coldwell Banker can help with any aspect of real estate buying and selling in Belize.
Just like any sound investment, real estate investment in Belize requires thorough research. The best place to look for suitable property in Belize is to look at property listings in the newspaper or the website of local realtor. Bank foreclosure listings also offer a great resource for real estate deals. Furthermore, speaking to locals is another option since not all properties are listed with a realtor. Spend some time exploring the country to understand different parts of the country, people and their lifestyle.
When it comes to buying real estate in Belize, there are plenty of options. It is important to define what is a necessity, what is a want and what the budget is before the hunt.
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