What do I need to know when buying property in Belize?
When we asked expats what advice they would give a foreigner before buying a property in Belize, they said...
"Also be aware when buying a home, realtors can work for the buyer and seller so I don’t see in this case how they would chose which one to work for in their best interests. Also sellers are not legally obliged to tell you of any issues with the home so do a proper inspection before buying. Only the newer houses are built to American standards but of course they will cost more," said another expat in Corozal, Belize.
"When buying property in Belize, it is important to research the market thoroughly before making a purchase. It is important to ensure that you are working with a reputable real estate agent and lawyer to guide you through the property purchase process. Additionally, Belize real estate is sold on a 'fee simple ownership' basis and foreign buyers are required to obtain an 'Alien Landholding License' to purchase property. It is also important to note that some areas of Belize are only available to a limited number of applicants due to restrictions on foreign ownership. As such, prospective buyers may encounter a lengthy application process. Lastly, it is vital to be aware that some areas may have restrictions on the types of development allowed on the property," wrote a member who made the move to Belize.
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The TEFL Institute of IrelandThe TEFL Institute of Ireland operates under European standards of education, which are renowned and respected worldwide. Once you complete the course, you will receive a globally recognised certificate, which is a passport to teaching English worldwide and online. Teach English Online In Less Than 3 Weeks - Ditch the 9-5 job and start living life on your terms by teaching English online. Whether you want to travel the world or crave the flexibility of working from home, teaching online gives you the freedom you need.
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Other Questions:
- What do I need to know before moving to Belize?
- How do I find a place to live in Belize?
- What is a typical expat home or apartment like in Belize?
- What is the average cost of housing in Belize?
- Should I buy or rent a home in Belize?
- What should I pack when moving to Belize?
- What cultural faux pas should I try to avoid making in Belize?
- Why do people move to Belize?
- What are healthcare services like in Belize?
- What are medical services in Belize like?
- What are typical rents in Belize?
- What appliances are typically included in a rental?
What do I need to know when buying property in Belize?
If you live in Belize, newcomers to Belize would love to hear your answer to this question:
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.
