Real Estate in The Cayes, Belize
Last updated on Apr 15, 2024
Summary: The average cost of a nice 2 bedroom home in The Cayes, Belize is around $150,000 USD. A nice 3 bedroom home in The Cayes is around $200,000 USD. These properties typically include modern amenities such as air conditioning, stainless steel appliances, and granite countertops. Some properties may also include a pool, outdoor patio, and/or a private dock. Foreigners are allowed to own property in The Cayes. However, they must obtain a permit from the government in order to do so. The best way for an expat to search for a home to buy in The Cayes is to use a real estate agent or search online for listings. It is also important to research the area and the local market before making a purchase. The most desirable neighborhoods in The Cayes are those that are close to the beach, have access to amenities such as restaurants and shops, and offer a safe and secure environment.
How do I find a place to live in The Cayes?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"The Cayes in Belize offer a variety of housing options for those looking to relocate. One option is to rent a house or apartment from a local landlord. There are also a number of real estate agents in the area who can help you find a suitable property. Additionally, there are a number of resorts and hotels in the area that offer short-term and long-term rental options. Finally, there are a number of online resources that can help you find a place to live in The Cayes," remarked one member in The Cayes.
"I lucked out with a bit of alone research. I found a listing on a Belizean rental site. The apt ended up being in the suburb area, for a 1 bedroom that ended up costing the same price as rent in the center of town and other parts of town usually where the locals live," explained one expat living in San Pedro, Belize.
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What is a typical expat home or apartment like in The Cayes?
"1 bedroom apt. Washer/Dryer, Internet. A couple of steps away from the beach. Living on an island [Ambergris Caye], you are NEVER to far from the beach. Yes, several expats live in the suburb type area," said one person in San Pedro.
"Expat homes and apartments in The Cayes are typically modern and comfortable, with air conditioning, full kitchens, and plenty of outdoor space. Many homes have private pools and outdoor patios, perfect for entertaining or relaxing in the warm Caribbean climate. Expat homes in The Cayes are often located in gated communities, providing a sense of security and privacy. Many homes also have access to amenities such as a gym, tennis courts, and a clubhouse," said one expat who made the move to The Cayes.
What is the average cost of housing in The Cayes?
If you are thinking about moving to The Cayes, cost of living in probably a key consideration. Expats commented about the cost of housing:
"Lower. Average cost with some amenities is $400 US, I also have heard that for that price or a little more you can rent a whole house instead," said one expat who made the move to San Pedro.
"The cost of housing in The Cayes can vary greatly depending on the size and location of the property. Generally, the cost of a one-bedroom apartment in The Cayes is around $500 to $800 per month, while a three-bedroom house can cost up to $1,500 per month. Prices can also vary depending on the amenities offered, such as access to a pool or beachfront property," explained one foreigner living in The Cayes, Belize.
Should I buy or rent a home in The Cayes?
If you have not spent a lot of time in The Cayes, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in The Cayes can be a great investment. The area is known for its beautiful beaches, lush jungles, and vibrant culture. Renting a home in The Cayes can also be a great option, as it allows you to experience the area without the commitment of buying a home. Ultimately, the decision to buy or rent a home in The Cayes should be based on your individual needs and preferences," said one person in The Cayes.
What do I need to know when buying property in The Cayes?
When we asked expats what advice they would give a foreigner before buying a property in The Cayes, they said:
"When buying property in The Cayes, it is important to research the area and the local laws and regulations. It is also important to understand the local tax laws and any restrictions on foreign ownership. It is also important to have a clear understanding of the title to the property and to ensure that all necessary paperwork is in order. It is also important to have a good understanding of the local infrastructure and services available in the area. Finally, it is important to have a good understanding of the local real estate market and to work with a reputable real estate agent or lawyer," explained one person living in The Cayes, Belize.
Are foreigners allowed to own property in The Cayes?
When we asked expats what advice they would give a foreigner before buying a property in The Cayes, they said...
"Yes, foreigners are allowed to own property in The Cayes. 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 outright without any time limitations. However, it is essential for foreign buyers to conduct thorough due diligence and work with a reputable real estate agent or attorney to ensure a smooth property transaction," wrote one expat who made the move to The Cayes.
What appliances are typically included in a rental?
We asked foreigners in The Cayes 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:
"Rental properties in The Cayes typically include a refrigerator, stove, oven, and microwave. Other common appliances include a washing machine, dryer, and dishwasher. Depending on the property, air conditioning, ceiling fans, and other amenities may also be included," remarked one foreigner who made the move to The Cayes.
"Typically the kitchen is fully setup, the appliances are included, washer and dryer are included," explained one person living in San Pedro, Belize.
Additional Information about Searching for a Home in The Cayes:
We asked foreigners in The Cayes 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 The Cayes often start by browsing online real estate websites and local classifieds to get an idea of the available properties. They may also join expat forums and social media groups to seek advice and recommendations from fellow expats who have already settled in the area. Additionally, expats can reach out to local real estate agents who have experience working with foreigners and can help navigate the local property market. Visiting The Cayes in person to explore different neighborhoods and attend open houses can also be beneficial in finding the perfect home. Networking with locals and other expats can lead to discovering rental or sale opportunities that may not be advertised online," said one person in The Cayes.
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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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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