What do I need to know when buying property in Belize?
When we asked expats what advice they would give a foreigner before buying a property in Belize, they said...
"When buying property in Belize, it is important to research the market thoroughly before making a purchase. It is important to ensure that you are working with a reputable real estate agent and lawyer to guide you through the property purchase process. Additionally, Belize real estate is sold on a 'fee simple ownership' basis and foreign buyers are required to obtain an 'Alien Landholding License' to purchase property. It is also important to note that some areas of Belize are only available to a limited number of applicants due to restrictions on foreign ownership. As such, prospective buyers may encounter a lengthy application process. Lastly, it is vital to be aware that some areas may have restrictions on the types of development allowed on the property," explained one expat living in Belize.
"I strongly recommend handling any land purchases through a Belizean law firm, to make sure the property title is free & clear, that the owner is up to date on taxes, etc. The cost of an attorney’s services is well worth the peace of mind! I made an $120k mistake by skipping this crucial step! Also, make sure the property has easy access/egress, and basic infrastructure (electricity, water, drainage.) Ask people in the area what it’s like during various seasons (dry/rainy.) Ask them where they shop for various items and where they go if they need a doctor or dentist. Based on what type vehicle you own, the distance to stores, etc. can be critical. There are tons of gorgeous properties available in Belize. Good luck," said another in Belize.
AGS Worldwide MoversGet Quote
Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.
AGS Worldwide MoversRelocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.
Get Quote
Please login to continue reading this article.
Not a member? Join Today (it's free).
Other Questions:
- What do I need to know before retiring in Belize?
- How do I meet people in Belize?
- What is life like in Belize?
- Is there a lot of crime in Belize?
- Is there a lot of diversity? Are people in Belize accepting of differences?
- What are the schools in Belize like?
- Is the cost of living in Belize high?
- What advice do you have for expats having a baby in Belize?
- What are healthcare services like in Belize?
- Is the cost of living in Belize high?
- What type of recreational facilities are in Belize?
- What is the weather like in Belize?
- Are there good restaurants in Belize?
- Where will I buy groceries and do other shopping in Belize?
- What are the visa & residency requirements in Belize?
- Are healthcare and health insurance expensive in Belize?
- What do I need to know when buying property in Belize?
- Are foreigners allowed to own property in Belize?
- What appliances are typically included in a rental?
What do I need to know when buying property in Belize?
If you live in Belize, newcomers to Belize would love to hear your answer to this question:
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
