How Difficult Or Easy It Is To Buy A Condo In Belize For Foreigners?
Condos for sale in Belize are undoubtedly hot cakes to buy. Numerous expats and retirees from every corner of this world head towards this Caribbean paradise. Pondering what makes it so special?
Purchasing real estate property is always a confusing and complex task. While the land laws and rules in Belize are quite inviting for foreign real estate investors, it can still be little challenging to buy a piece of land abroad.
Why Belize Is Popular Choice For Buying Real Estate Property?
Belize is best known for the serene beauty this place has to offer. Tourists consider it as the most beautiful and unexploited vacation spot. They visit Belize in groups or alone to enjoy the beach life. People who come here in quest of happiness and tranquil atmosphere are often noticed settling down here. There are various things that attract the visitors to this place.
The most important fact about buying property in Belize is that the buyers are treated in the same way, regardless of their nationality. Belize is one of very few countries that do not levy any special conditions on foreign real estate investors. Otherwise, some or more restrictions on foreigners owning land are levied upon. It of course, proves to be profitable for promoting tourism. Exemptions from capital gains tax in Belize acts as cherry on cake.
It Is Not Difficult But It Is Certainly Different
Property buying process in Belize is not very difficult than it is in the United States or Canada. And as mentioned earlier there are zero restrictions for buying, selling or renting property in Belize by person belonging to any foreign country.
Another advantage of buying property here is that property papers can be made in a language that is understandable to both the involved parties. It goes without saying that the process gets much difficult in countries such as Mexico and Costa Rica, for the very reason.
There is one more exciting fact about currency of Belize that eases land buying process here. It may interest you to know that the local currency, Belize dollar is pegged to the American dollar at 2:1, and the best part is it remains the same. This very fact frees the potential buyers from confusing calculations.
No matter in which part of world the buyers are sitting, they can hire the real estate experts for finding Belize condos for sale and make wealth management very easy.