Buying Land in Belize – The Ultimate Guide
We have put together this guide for investors considering buying land in Belize.
Whether you are looking for a small to lot to build your dream home or a larger parcel of land for commercial development, this guide is designed to cover all aspects of acquiring land from finding land for sale in Belize to the details of the purchase process.
Guide to buying land in Belize
Contents
Is Buying Land in Belize a Good Idea?
How Much Does it Cost to Buy Land in Belize?
Can Foreigners Own Land in Belize?
How Do you Buy Land in Belize?
Where are the Best Places to Buy Land in Belize?
Investment Opportunities – Explore Land for Sale in Belize
Is Buying Land in Belize a Good Idea?
Buying land in Belize offers investors the opportunity to own their very own slice of a beautiful country that stretches from the islands and reefs of the Caribbean Sea to the rainforests of Central America.
In recent years Belize has emerged as one of the fastest-growing tourism destinations in the region, with overnight arrivals doubling from 232,249 visitors in 2009 to a record-breaking 489,261 in 2018.
Purchasing land in the country – whether a small home site or a large parcel for development – offers buyers the opportunity to tap into this growth and benefit from the rise in land value that is expected in the most sought-after areas.
Furthermore, as there is no capital gains tax in Belize, if you purchase land in the country and sell it subsequently for a greater value, there is no tax to pay in Belize on the profit.
How Much Does it Cost to Buy Land in Belize?
The cost of land in Belize varies according to various factors such as location and perceived value.
Prices range from approximately US £60,000 to $150,000 for a home site in an upscale or luxury master-planned gated community up to several million dollars for large parcels of beachfront land for commercial development.
For buyers looking for maximum privacy, there are also several islands for sale in Belize which range in price from approximately US $500,000 up to $12,000,000.
Can Foreigners Own Land in Belize?
Yes, foreign nationals can buy land in Belize and the Government of Belize welcomes foreign investment.
There are no restrictions on foreign buyers owning land in Belize and foreign buyers enjoy the same rights as Belizean citizens, including the right to purchase beachfront land.
Unlike in many other countries in the Caribbean and Central America, foreign buyers are not required to obtain any kind of license or permit in order to purchase property in Belize including land.
Land can be purchased in the name of an individual or a corporation.
How Do you Buy Land in Belize?
Buying land in Belize is a relatively straight-forward process.
To purchase land, buyers will need to submit an offer to purchase which is typically accompanied by the payment of a deposit which will be held in escrow.
Once due diligence (including title research) has been successfully concluded, a purchase agreement must be signed by both buyer and seller and the balance of the purchase price transferred.
The new owner will then be issued with a “Land Certificate” (your title) by the Government of Belize.
For more detail on the purchase process, please see our guide to buying property in Belize.
Where are the Best Places to Buy Land in Belize?
So, where are the best places to buy property in Belize, in particular land? Well, that depends very much on your personal preferences and objectives.
Belize is a small country with a beach-fringed coast on the Caribbean Sea, hundreds of small islands just a hop, skip and jump from the world’s second-longest barrier reef and a lush, rainforest-covered interior. It is, therefore, possible to buy land on the mainland by the beach, on a small island, along beautiful rivers or nestled in the forest – the choice is yours.
Popular locations include Ambergris Caye and the Placencia Peninsula on the Caribbean coast as well as Cayo District in western Belize.
Investment Opportunities – Explore Land for Sale in Belize
Ready to begin your search for land for sale in Belize?
To find lots and parcels from across the country, explore land for sale in Belize on our website.
Please note that our website only showcases a limited selection of the lots and parcels of land available.
Contact 7th Heaven Properties, the Luxury Caribbean Property Specialist, to explore the full range of land investment opportunities in Belize.