Sunday, November 08th, 2009

Report filed under: Buying Property Abroad Guides » Belize Real Estate Guide
Sat, July 16, 2005 - 3:24 pm EET

Reasons to Buy Real Estate in Belize

If you're looking for a true escape from the rat race or the next big thing in terms of global property hotspots, here are Shelter Offshore's top reasons to buy real estate in Belize.

Reasons to Buy Real Estate in BelizeBelize is one of the world’s best kept secrets: it is a beautiful Central American country existing under democratic rule where the people all speak English.  Belize has a thriving offshore centre, some of the most beautiful natural landscapes in the world and affordable and desirable real estate in abundance.

If you’re looking for a true escape from the rat race or the next big thing in terms of global property hotspots, here are Shelter Offshore’s top reasons to buy real estate in Belize.

1) Belize is a thriving tourist destination.  The majority of those attracted to the country are coming to sample the stunning coastline and fantastic diving opportunities off the shores of Belize.  As a result there is a strong desire for quality rental accommodation particularly on the island of Ambergris Caye, and there are many property management companies in Belize who will look after and let out your property for you to generate an income from.

2) Foreign buyers are able to purchase real estate in Belize unrestricted, they have the same rights to own freehold property title deeds as a Belizean so there are no special permissions or permits required making the entire process so straightforward.

3) English is the official language in Belize, your contracts and negotiations will all be in English making it simple and straightforward for you to navigate the entire purchase process and making everything transparent for you removing the risk of misunderstanding or interpreting contracts or agreements.

4) The buying process in Belize is simple and can take as little as 30 days, you need neither be in Belize to buy or sell your real estate either as all the legal processes can be done remotely.

5) There is no capital gains tax and no inheritance tax in Belize, therefore if you sell or will your property in Belize you or your beneficiaries will not suffer taxation upon the disposal of your Belizean real estate assets.

6) Property prices in the most desirable parts of Belize have been steadily increasing in value for the past 25 years!  This means that whatever you buy you are almost assured a great investment return.