A lot of people now choose to purchase a property abroad either as vacation home or somewhere to spend their retirement years. A beachfront property in belize is a popular choice for many after a little research. Many of the units which are available are located on the coast, whether you wish to buy or rent, all differing in price and specification.
There are many benefits of buying a home in Belize and due to its easy accessibility it is becoming more popular. Located on the east coast of Central America it boasts stunning sea views and attractive prices where values have been rising steadily for the past few decades. Foreigners also enjoy the same rights as nationals in land ownership so this is also a huge plus point.
Due to English being the first language in Belize, this makes the buying process much easier for foreigners during negotiations and when completing paperwork. Moving possessions to the country can be done without paying import tax, which is not the case with many other destinations. All prices will be shown in dollars, which also makes things simpler, as you will not have to convert currencies or worry about exchange rates fluctuating.
Before investing huge sums of cash in a new property, some people decide to take on a rental to make sure the destination is the right one which suits them. Renting in Belize, especially beach front, can be expensive with a 2 bed, 2 bathroom villa coming in at around two thousand dollars a night. When opting for a longer tenancy then discounts may be available depending on your agent's terms and conditions.
When you have decided that Belize is the correct choice and prior to buying, it is important to work out your budget and try not to deviate too much from this. A few things such as specification, square footage and location will determine the sale price. A 2 bedroom condo will retail from about 750,000 dollars and a luxury villa can easily top the three million mark.
When researching properties in foreign countries the internet is a great place to start and there are many companies listed that can help. After deciding on which ones you are interested in, these online agents can be contacted via email and will be happy to advise you in any matters. As with any property purchase it should always be viewed in person before making any financial commitment or signing any contracts.
After arriving in the country to have a look at the properties, it is always a good idea to source an established lawyer who specializes in real estate. Many estate agencies will offer their lawyers services but independent advice is always preferable. Some foreign countries have very strict laws and regulations on money transfers and so a lawyer with local knowledge is an advantage.
Another thing to do before buying is to set up bank accounts in Belize and any other official documents such as wills and insurances should be registered. This will make your move much smoother by putting these things in place before making the final move. If you need to import a vehicle, it is advisable to consult your lawyer to check laws on registrations and import procedures.
There are many benefits of buying a home in Belize and due to its easy accessibility it is becoming more popular. Located on the east coast of Central America it boasts stunning sea views and attractive prices where values have been rising steadily for the past few decades. Foreigners also enjoy the same rights as nationals in land ownership so this is also a huge plus point.
Due to English being the first language in Belize, this makes the buying process much easier for foreigners during negotiations and when completing paperwork. Moving possessions to the country can be done without paying import tax, which is not the case with many other destinations. All prices will be shown in dollars, which also makes things simpler, as you will not have to convert currencies or worry about exchange rates fluctuating.
Before investing huge sums of cash in a new property, some people decide to take on a rental to make sure the destination is the right one which suits them. Renting in Belize, especially beach front, can be expensive with a 2 bed, 2 bathroom villa coming in at around two thousand dollars a night. When opting for a longer tenancy then discounts may be available depending on your agent's terms and conditions.
When you have decided that Belize is the correct choice and prior to buying, it is important to work out your budget and try not to deviate too much from this. A few things such as specification, square footage and location will determine the sale price. A 2 bedroom condo will retail from about 750,000 dollars and a luxury villa can easily top the three million mark.
When researching properties in foreign countries the internet is a great place to start and there are many companies listed that can help. After deciding on which ones you are interested in, these online agents can be contacted via email and will be happy to advise you in any matters. As with any property purchase it should always be viewed in person before making any financial commitment or signing any contracts.
After arriving in the country to have a look at the properties, it is always a good idea to source an established lawyer who specializes in real estate. Many estate agencies will offer their lawyers services but independent advice is always preferable. Some foreign countries have very strict laws and regulations on money transfers and so a lawyer with local knowledge is an advantage.
Another thing to do before buying is to set up bank accounts in Belize and any other official documents such as wills and insurances should be registered. This will make your move much smoother by putting these things in place before making the final move. If you need to import a vehicle, it is advisable to consult your lawyer to check laws on registrations and import procedures.
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