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A lot of people now choose to purchase a property abroad either as vacation home or somewhere to spend their retirement years. A beachfront property in belize is a popular choice for many after a little research. Many of the units which are available are located on the coast, whether you wish to buy or rent, all differing in price and specification.
There are a few reasons why purchasing an apartment or house in Belize is a good idea. Due to its location on Central America's eastern coast and its beautiful views of the Caribbean Sea, it is an attractive and popular choice. One of the major benefits is that foreign property owners have the same rights as nationals regarding land ownership and freeholds.
With Belize being an English speaking country, this is also a huge plus point when dealing with legalities. If you are planning to take any of your personal effects to your new home, this can be done duty free, which allows for huge savings to be made. Rental and purchase prices are usually in dollars, so this also makes the whole process easier and removes the issue of exchange rate variations.
Some people, before buying, will decide to rent a property as a trial run before investing large sums in a house. Rental prices in Belize are quite expensive for homes with a sea view, with a 1 to 2 bedroom villa costing around 2000 dollars per night for a short term period. If renting for longer a better rate can sometimes be negotiated with the agents depending on length of stay.
When you have decided that Belize is the correct choice and prior to buying, it is important to work out your budget and try not to deviate too much from this. A few things such as specification, square footage and location will determine the sale price. A 2 bedroom condo will retail from about 750,000 dollars and a luxury villa can easily top the three million mark.
The best place to do your research on properties is online, as there are a large number of established firms that deal in overseas real estate. When you have selected a list of properties that interest you, then these companies can be contacted and will be on hand to guide you through the process. Always make time to visit the country and view in person any potential properties to ensure they are as advertised.
After arriving in the country to have a look at the properties, it is always a good idea to source an established lawyer who specializes in real estate. Many estate agencies will offer their lawyers services but independent advice is always preferable. Some foreign countries have very strict laws and regulations on money transfers and so a lawyer with local knowledge is an advantage.
Prior to completing the purchase and move, one of the most important tasks is to set up bank accounts in the country. Any of your other legal documents, such as wills and insurance policies, should be checked for validity in Belize. If you are intending to import a car or truck, advice should be sought beforehand to make sure all regulations and documents are in order.
There are a few reasons why purchasing an apartment or house in Belize is a good idea. Due to its location on Central America's eastern coast and its beautiful views of the Caribbean Sea, it is an attractive and popular choice. One of the major benefits is that foreign property owners have the same rights as nationals regarding land ownership and freeholds.
With Belize being an English speaking country, this is also a huge plus point when dealing with legalities. If you are planning to take any of your personal effects to your new home, this can be done duty free, which allows for huge savings to be made. Rental and purchase prices are usually in dollars, so this also makes the whole process easier and removes the issue of exchange rate variations.
Some people, before buying, will decide to rent a property as a trial run before investing large sums in a house. Rental prices in Belize are quite expensive for homes with a sea view, with a 1 to 2 bedroom villa costing around 2000 dollars per night for a short term period. If renting for longer a better rate can sometimes be negotiated with the agents depending on length of stay.
When you have decided that Belize is the correct choice and prior to buying, it is important to work out your budget and try not to deviate too much from this. A few things such as specification, square footage and location will determine the sale price. A 2 bedroom condo will retail from about 750,000 dollars and a luxury villa can easily top the three million mark.
The best place to do your research on properties is online, as there are a large number of established firms that deal in overseas real estate. When you have selected a list of properties that interest you, then these companies can be contacted and will be on hand to guide you through the process. Always make time to visit the country and view in person any potential properties to ensure they are as advertised.
After arriving in the country to have a look at the properties, it is always a good idea to source an established lawyer who specializes in real estate. Many estate agencies will offer their lawyers services but independent advice is always preferable. Some foreign countries have very strict laws and regulations on money transfers and so a lawyer with local knowledge is an advantage.
Prior to completing the purchase and move, one of the most important tasks is to set up bank accounts in the country. Any of your other legal documents, such as wills and insurance policies, should be checked for validity in Belize. If you are intending to import a car or truck, advice should be sought beforehand to make sure all regulations and documents are in order.
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