Buying Property in Belize: What Foreigners Need to Know
Buying Property in Belize: What Foreigners Need to Know
If you’re dreaming of owning a slice of paradise, Belize offers a unique opportunity for foreign buyers. Unlike many other countries, foreigners in Belize have the same property ownership rights as locals — no need for a local partner or special permit.
Here’s what you need to know before you buy:
1. Full Foreign Ownership is Allowed
Belize recognizes fee simple ownership, meaning foreigners can own land outright, including beachfront and island properties. You can register the title in your personal name or a Belizean company or trust.
2. Title Search is Crucial
Not all land in Belize has clear title. Work with a local real estate professional and attorney to:
Confirm the land is titled (vs. leasehold or national land)
- Verify no encumbrances or liens exist
- Ensure legal access to the property
3. Closing Costs
Buyers typically pay around 8–10% in closing costs, which include:
- Stamp Duty: 8% of the purchase price (first $10,000 USD is exempt)
- Legal Fees: Usually 1–2%
- Other Fees: Survey, registration, etc.
4. Property Taxes are Low
Belize offers some of the lowest property taxes in the Caribbean — often under $200 USD per year, depending on location and size.
5. Financing is Limited
Most purchases are cash, but some seller-financing options exist. Traditional bank loans for foreigners are rare and usually require high down payments and proof of income/assets.
6. Use a Local Real Estate Agent
Belize-based agent who understands the market, legal processes, and area-specific quirks can save you time, money, and stress.
7. Popular Areas for Foreign Buyers
- Ambergris Caye – beachfront condos and resort-style homes
- Placencia – upscale beachfront and lagoon properties
- Cayo District – off-grid farms and eco-living
- Corozal – quiet and affordable, close to Mexico
Thinking of buying property in Belize?
Reach out to Lighthouse Real Estate for a personalized consultation. We’ll help you find the perfect property and guide you every step of the way.