Real Estate in Belize City, Belize
Last updated on Jun 07, 2023
Summary: The average cost of a nice 2 bedroom home in Belize City, Belize is around $150,000 USD. A nice 3 bedroom home in Belize City is around $200,000 USD. These properties typically include modern amenities such as air conditioning, stainless steel appliances, and granite countertops. There are no restrictions on foreign ownership for properties in Belize City. An expat should search for a home to buy in Belize City by researching the local real estate market, talking to local real estate agents, and visiting the area to get a feel for the neighborhoods. The most desirable neighborhoods in Belize City are the Fort George area, the King’s Park area, and the Boca del Rio area. These neighborhoods offer a variety of amenities, including access to beaches, restaurants, and shopping.
How do I find a place to live in Belize City?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One option for finding a place to live in Belize City is to search online for rental listings. Websites such as Craigslist, Expat.com, and Belize Real Estate Listings offer a variety of rental options in the city. Additionally, you can contact local real estate agents who specialize in Belize City rentals. Another option is to look for rental postings in local newspapers or on bulletin boards in the city. Finally, you can ask around in the local community for recommendations on rental properties," remarked one member in Belize City.
"I choose the San Ignacio area as it has the best local downtown, expats and locals mix well together, the folks are so friendly and the Expats are like my other family ! I found my home, thru Rainforest Realty www.rainforestrealty.com," explained one expat living in Belize City, Belize.
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What is a typical expat home or apartment like in Belize City?
"Expat homes and apartments in Belize City tend to be spacious and comfortable, with modern amenities such as air conditioning, cable TV, and internet access. Many expats choose to live in gated communities, which offer additional security and access to amenities such as swimming pools, tennis courts, and gyms. Expat homes and apartments in Belize City are typically located close to the city center, providing easy access to shopping, dining, and entertainment," said one person in Belize City.
What is the average cost of housing in Belize City?
If you are thinking about moving to Belize City, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Belize City can vary greatly depending on the type of housing and the area. Generally, the average cost of housing in Belize City is relatively affordable compared to other cities in the region. Rent for a one-bedroom apartment in the city center can range from $400 to $800 per month, while a three-bedroom apartment can range from $800 to $1,500 per month. Prices for houses in the city center can range from $1,500 to $3,000 per month. Prices for houses outside of the city center can range from $500 to $1,500 per month," explained one expat living in Belize City, Belize.
"MUCH LOWER! Property taxes are around 30 dollars a year!!! Car insurance is less than 150 a year! WOW!," said one person in Belize City.
Should I buy or rent a home in Belize City?
If you have not spent a lot of time in Belize City, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Belize City can be a great investment. The cost of living is relatively low, and the city is a popular tourist destination. However, it is important to consider the potential risks associated with buying property in a foreign country. Renting a home in Belize City may be a better option for those who are not ready to commit to a long-term purchase. Renting can provide flexibility and the opportunity to explore different neighborhoods before making a decision," remarked one member in Belize City.
"Purchased a home in an auction. It was very easy. We purchased before we were even residents of Belize. To do that we needed a us dollar bank acct here, it was easy to do," explained one expat living in Belize City, Belize.
What do I need to know when buying property in Belize City?
When we asked expats what advice they would give a foreigner before buying a property in Belize City, they said:
"When buying property in Belize City, it is important to research the area and the local laws and regulations. It is also important to understand the local real estate market and to work with a reputable real estate agent or lawyer. It is also important to understand the tax implications of buying property in Belize City, as well as any restrictions on foreign ownership. Additionally, it is important to ensure that the property is free of any liens or encumbrances. Finally, it is important to understand the local currency and to have a plan for how to pay for the property," said one expat in Belize City.
Are foreigners allowed to own property in Belize City?
When we asked expats what advice they would give a foreigner before buying a property in Belize City, they said...
"Yes, foreigners are allowed to own property in Belize City. The country has a very open policy when it comes to property ownership by non-citizens. Foreigners can purchase and hold land in Belize without any special permits or requirements. They have the same property rights as Belizean citizens, which means they can buy, sell, or lease their property without restrictions. Additionally, Belize allows for freehold ownership, meaning that foreigners can own the land and property outright, without any limitations on their ownership rights," said one foreigner living in Belize City, Belize.
What appliances are typically included in a rental?
We asked foreigners in Belize City what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Belize City, rental properties typically include a refrigerator, stove, oven, and washing machine. Additionally, some properties may include a dishwasher, microwave, and air conditioning unit," said one expat in Belize City.
Additional Information about Searching for a Home in Belize City:
We asked foreigners in Belize City what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats searching for homes in Belize City often start by browsing online real estate websites and local classifieds to get an idea of the housing market. They may also join expat forums and social media groups to seek advice and recommendations from fellow expats who have already gone through the process. Additionally, expats can reach out to local real estate agents who are familiar with the area and can help them find a suitable home. Visiting Belize City in person to explore neighborhoods and attend open houses is another useful strategy. Finally, networking with locals and other expats can lead to potential housing opportunities that may not be advertised online," said one person in Belize City.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad 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.
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