Belize tour and the Belize real estate market


Posted On Aug 21 2019

Top places to see in Belize and the Belize real estate openings. Belize is a fabulous travel location but you can also become a permanent tourist if you explore the local real estate market in Belize and purchase a property there. First let’s discuss about a few attractions in Belize and we will end with some tips about becoming a permanent tourist by buying a property in Belize.

A diamond in the rough, Caye Caulker is a hotspot for backpackers and budget travelers. This tiny island, fringed by mangroves and coconut palms, lies about 24 kilometers south of Ambergris Caye. In 1961, Hurricane Hattie divided the island in two, creating an area called the Split, which is now a small public beach. The area north of the Split is quieter and less developed. Travelers come here to completely chill out. Golf carts and bikes are the main mode of transport on the sandy streets, and the small guesthouses are rustic, but comfortable. Although Caye Caulker lacks the picture-perfect tropical island beaches some may expect, visitors can organize trips out to the reef to swim, dive, and snorkel. The Caye Caulker Mini-Reserve features nature trails with labeled flora and fauna.

Caye Caulker is a small coral island in the Caribbean Sea and is accessible by high-speed water taxi or small plane. In recent years the island has become a popular Belize attraction for backpackers and other tourists for its (relatively) cheap prices, laid-back vibe, and abundance of restaurants and bars. The main mode of transport on Caye Caulker is simply walking. The paths are well defined, and crossing the island takes about 20 minutes. Bicycles and golf carts can also be rented.

Starting at the foothills of the Maya Mountains and continuing on down to the Caribbean Coast, the Cockscomb Basin Nature Reserve is a vast nature preserve of 150 square miles of trackless wilderness. Most famous for being the first jaguar sanctuary in the world, the Cockscomb Basin Nature Reserve contains pristine forests, wetlands, rivers, and jungle terrain brimming with colorful bird species, exotic plants, and wildlife.

Belize attractions and climate makes purchasing a house here a tempting thought. Imagine living permanently there… the joy. Purchasing Belize real estate and Belize real estate transactions are pretty straightforward and affordable. The stamp duty (property sales tax) is set at 8% for foreigners. The first $10,000 is exempt. There is no tax on capital gains and the property tax is very low. Due diligence is called for when doing a real estate transaction. Retain a lawyer, buy into an existing property and ask for a registered title before buying. You can also use title insurance to guarantee your ownership of the real estate property. After identifying the property to buy, make an Offer of Purchase. If it is accepted, be prepared to put 10% deposit down. There is also the 8% stamp duty. Attorney fees are 1.5-2%. See more info on waterfront property Belize.

Last Updated on: September 5th, 2019 at 2:31 pm, by


Written by DuckR