Quality residential real estate solutions in Belize

Residential real estate agency Belize 2023 from Ambergris Caye Real Estate: Vacation Rentals & Cash Flow: Belize is an emerging market that has not seen the overflow of hotel developments. There are also no rent controls or restrictions on vacation rentals, creating cash flow investment opportunities. Our regional office is located in San Pedro Town on Ambergris Caye, Belize. If you are looking to secure your dream home in paradise or invest in one of the top emerging markets in the region, RE/MAX Belize Real Estate is here for you. Discover even more details on Ambergris Caye Real Estate.

Real estate transactions in Belize are in US dollars and use a US escrow agent or account (a US account or US intermediary is needed for any transaction in USD). The closing costs are paid by the buyer. The seller is responsible for the real estate fee and commission. All money is sent to a US escrow and a closing company releases funds upon closing. When an offer or sales agreement is submitted a down payment for escrow is required. If it’s a cash sale, it will be the entire balance on the property which will go to escrow during the closing process. If it is a financing agreement, the down payment (20% to 25%) will be sent to escrow during the closing process.

Property taxes in Belize are paid annually in April and are to be paid each year. Property taxes in Belize for land and real estate are assessed and determined by the Department of Natural Resources. Belize is a low-tax jurisdiction and the property taxes in Belize are some of the lowest of any of the Commonwealth countries. Property taxes in Belize are almost unbelievably low for most off-shore owners and investors. When buying a property in Belize Belizeans pay 5% of the purchase price in Stamp Duty or Transfer Tax to the Government of Belize. Foreigners and non-nationals pay an 8% Stamp Duty or Transfer Tax to the Government of Belize when buying real estate or property in Belize. This is why so many foreign owners and investors purchase Belize real estate in an IBC. When you buy real estate in Belize that is in an IBC there is no stamp or transfer tax. Learn more about owning Belize property in an IBC.

Nestled in lush jungle on the banks of the New River, Lamanai is the most famous archaeological site in northern Belize and one of its largest ceremonial centers. Lamanai means “Submerged Crocodile” in the Mayan language, and images of crocodiles have been found on the excavated buildings, pottery, and figurines. Traveling to the site is an adventure in itself. An hour boat ride up the New River provides frequent wildlife sightings, and the dense jungle lends a wild feel to these ruins, which are still not completely excavated. Lamanai was occupied the longest of any Mayan site. In the 16th century, the Spanish found a thriving community here, and the ruined churches reveal attempts to convert the Maya. The archaeological site features more than 900 structures as well as a museum with exhibits of pottery, obsidian, figurines, and jade jewelry. Highlights include the Mask Temple, Temple of the Jaguar, and the High Temple, which visitors can climb for panoramic jungle views.

Belize attractions and climate makes purchasing a property here a sweet thought. Imagine living permanently there… the joy. As Ambergris Caye, San Pedro and Belize continue to grow at an unprecedented rate, as so the opportunities for Real Estate investment does as well. Within Belize, Secret Beach has become one of the top emerging locations for locals and tourists. Secret Beach features pristine Caribbean ocean, no sea grass, sunset views, private inlets and so much more as the area continues to develop… it really can’t be beaten.

Do I Require a Visa to Travel to Belize? There is no Visa or Travel Visa required when traveling to Belize. When you enter Belize (by air, land, or sea) you are issued a tourist visa for 30 days. You can renew this visa every month at a local immigration office. Some countries have a maximum of 30 days without a visa and no visa is required for Belize travel. Please keep in mind that while a visa is not required, travelers to Belize must have: Hold a valid passport that is still valid for at least six months on entry; the passport must have one blank visa page; hold proof of onward/return flights; Hold all documents required for the next destination (if you are connecting to somewhere else); You may be asked for proof of sufficient funds relative to your intended length of stay.

Foreigners can own property in Belize as an individual or through a Belize Chapter 250 (Limited Liability Company) or with an International Business Company (IBC). A property (like Belize land) will have a title that would be issued by the lands department. Condominiums in Belize are purchased through a “Strata” title or co-op share ownership. There are a few types of property ownership in Belize and it is important to learn the differences.

Nobody in Belize sells more real estate than RE/MAX! RE/MAX is #1 in global homes sales with offices in over 115 countries world wide. RE/MAX agents have the highest average number of transaction sides with the highest average commisions. International brand name awareness. From video and television to radio, digital, sponsorship and more. The RE/MAX name is out there working — for you. RE/MAX is the largest and most trusted name in real estate. Read additional details on remaxbelizerealestate.com.