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Real Estate in Hopkins Village, Belize | Digital Nomad Exchange
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Real Estate in Hopkins Village, Belize

William Russell
William Russell
William Russell
William Russell

By Betsy Burlingame

Last updated on Oct 10, 2024

Summary: The average cost of a nice 2 bedroom home in Hopkins Village, Belize is around $150,000 USD. A nice 3 bedroom home in Hopkins Village 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 Hopkins Village. An expat should search for a home to buy in Hopkins Village by researching the local real estate market, talking to local real estate agents, and visiting the area to get a feel for the neighborhood. The most desirable neighborhoods in Hopkins Village are those close to the beach, such as Sittee Point, Sittee River, and Hopkins Bay. These areas offer stunning views of the Caribbean Sea and easy access to the beach.

How do I find a place to live in Hopkins Village?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"If you're looking for a place to live in Hopkins Village, you could start by talking to friends or family who live there or who know someone who does. You can also check out Hopkins Village's website for contact information for local rental agencies, real estate agents and landlords. Additionally, there may be postings on local Facebook groups or other social media groups, bulletin boards, or classified advertisement sites. Lastly, you can check out local newspapers and the Hopkins Village Chamber of Commerce to see if they have any listings," said one person in Hopkins Village.

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What is a typical expat home or apartment like in Hopkins Village?

"The typical expat home or apartment in Hopkins Village consists of modest accommodations built in the traditional Belizean style. They are typically one- or two-bedroom apartments containing basic amenities such as tiled floors, metal roofs, and screened porches. Many apartments also have ceiling fans and/or air conditioning, but these features are not universal. Many expats also choose to purchase homes in Hopkins, allowing for a more luxurious lifestyle such as having full kitchens, hot water, and more space. Most homes are decorated with bright and vibrant colors, displaying the relaxed atmosphere of Belize," explained one person living in Hopkins Village, Belize.

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What is the average cost of housing in Hopkins Village?

If you are thinking about moving to Hopkins Village, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The cost of housing in Hopkins Village is generally considered to be moderate to slightly high, with an average price range of $200,000 - $300,000," explained one person living in Hopkins Village, Belize.

Should I buy or rent a home in Hopkins Village?

If you have not spent a lot of time in Hopkins Village, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"It really depends on your personal and financial situation. If you have the financial ability to purchase a home and you can afford the associated costs that come with such a move, then buying may be a good decision. If you are looking for a short-term living situation and you don’t want to be committed to something long-term, then renting may be the better choice. Ultimately, it is important to evaluate your own needs and wants, and make the decision that is right for you," remarked one member in Hopkins Village.

"We purchased a lot along the sea and had a local builder construct a home for us. It was all done primarily through email correspondence and money transfers. He sent us regular pictures and reports to keep us informed," explained one expat living in Hopkins Village, Belize.

What do I need to know when buying property in Hopkins Village?

When we asked expats what advice they would give a foreigner before buying a property in Hopkins Village, they said:

"When buying property in Hopkins Village, it is essential to know that the real estate market is not regulated, so it is crucial to work with a reputable real estate agent or attorney. You should also be aware that property prices may be higher for foreigners than for locals. It is important to understand the different types of land ownership in Belize, such as freehold, leasehold, and communal land. Freehold land is the most common type for foreigners to purchase, while leasehold and communal lands have restrictions on foreign ownership. You should also consider the location of the property, as some areas in Hopkins Village may be prone to flooding or other natural disasters. Additionally, consider the availability of utilities and infrastructure, such as water, electricity, and internet access. When purchasing property, it is essential to conduct a thorough title search to ensure there are no liens or encumbrances on the property. This can be done through the Lands Department in Belize. Keep in mind that property taxes in Belize are relatively low, but you should still factor them into your budget. Additionally, you may need to pay a stamp duty tax when purchasing property, which is typically around 5% of the property value. Finally, be prepared for a potentially lengthy and complex process when buying property in Hopkins Village, Belize. It is essential to have patience and work closely with your real estate agent or attorney to navigate the process successfully," said one foreigner living in Hopkins Village, Belize.

Are foreigners allowed to own property in Hopkins Village?

When we asked expats what advice they would give a foreigner before buying a property in Hopkins Village, they said...

"Yes, foreigners are allowed to own property in Hopkins Village. The country has a relatively 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. However, it is essential to conduct thorough research and work with a reputable real estate agent to ensure a smooth property acquisition process. Additionally, foreigners should be aware of any taxes and fees associated with property ownership in Belize," said one expat in Hopkins Village.

What appliances are typically included in a rental?

We asked foreigners in Hopkins Village 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 a rental property in Hopkins Village, you can typically expect to find essential appliances such as a refrigerator, stove, and oven. Some properties may also include a microwave, toaster, coffee maker, and a washing machine. However, the specific appliances included may vary depending on the individual property and the landlord's preferences. It is always best to check with the landlord or property manager to confirm which appliances are included in the rental," said one expat in Hopkins Village.

Additional Information about Searching for a Home in Hopkins Village:

We asked foreigners in Hopkins Village 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 Hopkins Village may begin by browsing online real estate websites and local classifieds to find available properties. They might also join expat forums and social media groups to gather recommendations and insights from fellow expats living in the area. Additionally, they can reach out to local real estate agents who are familiar with the market and can help them find a suitable home. Visiting Hopkins Village in person and exploring the neighborhoods can also be helpful in finding the perfect home. Networking with locals and other expats can lead to discovering rental or sale opportunities that may not be listed online," wrote one expat who made the move to Hopkins Village.

About the Author

Betsy Burlingame 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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