Purchasing Belize Real Estate
Purchasing Belize
real estate is very simple and extremely secure. The extensive documents that
are common with a property purchase in the USA, Canada and/ or Europe are
thankfully not part of the buying process here. There are no barriers to
foreign investment and, as a member of the British Commonwealth, Belize has a
legal system based on British law and is the only English speaking country in
Central America.
Understanding
your documents will be much easier than in other countries in Central
America. Title is fee simple absolute title so is extremely secure.
Title insurance is available yet rarely utilized. Foreigners have the same
property rights in Belize, as do local citizens. Foreigners can own
beachfront property in Belize.
In addition, Belize has no capital gains or inheritance taxes and a growing private offshore banking sector. Corporate income taxes are also quite low and can be as low as 1.75% of gross sales! Property taxes are extremely low (normally below $US 100 annually) so holding costs are very low.
In addition, Belize has no capital gains or inheritance taxes and a growing private offshore banking sector. Corporate income taxes are also quite low and can be as low as 1.75% of gross sales! Property taxes are extremely low (normally below $US 100 annually) so holding costs are very low.
All real estate transactions are funded
with US dollars with a few exceptions (this provides extra protection to the
owner since your asset cannot lose value due to a currency devaluation as is
possible in other countries). Furthermore the Belize dollar is fixed to
the US dollar 2 to 1 so to offer additional security since currency devaluation
is very unlikely. Owning Belize real estate can be a very
rewarding experience.
Placencia Real Estate Opportunities
The real estate
market in Placencia continues to gain significant attention. The peninsula is only 16 miles long and with
a width varying from 100 feet to ¼ mile wide the supply of land is very limited
and certainly defined. The supply and
demand model alone projects a steady increase in pricing and value. The governmental Belize and numerous private
local and foreign investors continue to pump money into the development of
Placencia peninsula.
They have just
completed paving of the 23 mile Placencia road was a $US 12 million undertaking
and the fully funded $US 10 million project to provide an environmentally
friendly pubic sewer system are just a few examples of the support Placencia is
receiving. Placencia is destined to
become a true global destination of choice for travelers as well as 2nd
homeowners and full-time retirees. Now
is an ideal time to purchase property here.
A vacant beach lot, a ocean front condo, a stunning beachfront family
home, a lagoon home, an existing business and larger tracts of land for
development are all available here. Many
owners of property paid cash and are not desperate to sell so prices have
actually held up very well during the recent global recession along the
Placencia Peninsula. Some prices,
however, have dropped 15 % from the peak.
Availability and good value are the best ways to describe the current
real estate opportunities, which are sure not to last long. Come visit and see why Placencia is the place
to be.
Boris Mannsfeld & Associates specializes in Placencia real
estate. This is where their expertise is
so they have no desire to represent properties outside of the Placencia
area. They are also recommended by International Services Ltd.
Original Article: http://www.realbelizeestate.com/about-placencia/
International Services Ltd can help you greatly with your needs in Retiring, Living, Working and Investing in Belize.
For more information see our services below:
· International Business Companies (IBCs)
· U.S. Dollar Accounts
· Asset Protection
· Bahamas, Panama, Seychelles & other Foreign IBCs
· Trust and Trustee Services
· Belize and Panama Private Foundations
· Local Company (Chapter 250)
· Belize Dollar Accounts
· Mail Forwarding and Virtual Office Services
· Work Permit and Residency Services
· Nationality and Passport Services
· Qualified Retired Persons Program (QRP)
· Licensed Escrow Services
· Purchase Agreements
· Owner Financing Agreements
· Land Title Investigation
· Transfer of Title
Email: gomezisl@btl.net
No comments:
Post a Comment