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Belize Property Buying Process
The Belize authorities are open to foreign investment.
All foreigners interested to buy property in Belize, can do so without any kind of permit.
However, in certain protected costal areas permission is required.
The currency used in the real estate transactions is usually the dollar.
The buying process in Belize is simple and can take as little as 30 days and as much as 90 days.
The property buyer doesn't have to be in Belize when the transaction is made.
In Belize, most of the real estate agents are unlicensed.
There are no trade associations or licensing requirements for Real Estate companies in Belize.
Due to this fact, most of the properties in Belize are not advertised.
In Belize one can buy quality property, at very attractive prices.
In the remote an rural areas the property price tends to be lower than in Belize City, or Ambergris Caye where the prices are much higher.
The best way to find a property for sale in Belize is to use the services of a recommended real estate agent or to travel to Belize and make friends with the local people and with expats already established there.
Once a property is found, the buyer has to make an offer and upon acceptance a deposit has to be paid.
A local lawyer should be in charge with all the paper work.
Lawyer fee is up to 2% of the purchase price.
The offer form is legally binding to both buyer and seller.
In Belize, usually the purchaser pays for all closing costs.
The sale agreement can cost up to 700 $
For all non Belizeans there is a 15% stamp duty to be paid.
This is calculated from the declared purchase price.
Title transfer is usually up to 2% of the purchase price.
There is no capital gains tax and no inheritance tax in Belize
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Property Price Guide
In the capital of Belize, an apartment can be rented for up to 1000$ per month, yet in the country side a house could cost between 200-350 $
per month. So all it depends on the location.
A condo with a sea view can be bought for as much as 250,000 $ whereas a 3 bedroom town house can cost as little as 130,000 $
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Real Estate Agents
Seaside Real Estate
Barrier Reef Drive, San Pedro Town
Ambergris Caye, Belize
Phone: 011-501-226-4545
Toll Free: 1-866-241-9589
Fax: 011-501-226-3545
e-mail: ambergris@btl.net
Century21Belize
1 Mapp Street, Belize City, Belize C.A.
Tel: 501-224-5420
Fax: 501-224-5806
Las Terrazas Villas and Condominiums
Barrier Reef Drive
P.O. Box 13
San Pedro Town, Ambergris Caye, Belize
Tel: 501-226-2987
Fax: 501-226-3048
Email: info@lasterrazasbelize.com
Regent Realty
81 North Front Street
Phone: 501-227-3744 or 501-227-6286
Fax: 501-227-2022
Email: regent@btl.net
PLAYA DE PIRATAS PROPERTIES
Placencia, Belize
Central America
Tel: 011-501-523-3180
Fax: 011-501-523-3203
Cellular: 011-501-610-2428
Email: playadepiratas@hotmail.com
Cayo Adventures
Phone: 8243246
FAX: 8243864
Intl. Phone: 011-501-824 3246
e-mail: cattours@btl.net
San Pedro Branch
P.O. Box 15, San Pedro
Ambergris Caye
U.S. I.P.-813-322-3899
Tel: 011-501-226-2090/2147
Fax: 011-501-226-2245
J.E. DePaz & Associates
10 Toucan St,
San Ignacio,
Belize, C.A.
Phone: 011-501-92-2980/4078/2009
Fax: 011-501-92-2767
Email: chedip@btl.net
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