First Time Buyer? What You Need To Know Before Buying Placencia Belize Real Estate

June 15, 2021
by denidimchev@webohub.com +

If you’re looking to buy a property, there’s no need to stick close to home. You may have never even considered Belize, but the tropical country has a whole lot to offer Americans and other travelers from abroad. And Placencia in southern Belize is one of the most promising destinations within Belize. It’s earned a reputation in the past few years as a top tourist destination, but it appears that the former tourists had an interest in staying. It’s quickly becoming a popular destination for foreigners looking to retire.

Natural Beauty

The second-largest barrier reef in the world is roughly 30 miles from Placencia, and the surrounding Caribbean Sea is littered with islands to explore. That’s just scratching the surface of the beautiful sights Belize has to offer: everything from verdant jungles to thriving metropolises to ancient ruins. Placencia in particular is close to the world’s first jaguar preserve at Cockscomb Basin Wildlife Sanctuary.

Practical Sense

The natural beauty of Placencia is absolutely stunning, but it’s also just a pragmatic place to live. The Belize government is eager to bring in new people, and they offer tax incentives for many retirees with the Qualified Retirement Program. Applicants 45 years of old with a steady income could see huge benefits. And the taxes here are incredibly low too. You could reasonably expect to pay less than a hundred dollars a year on property taxes, and that applies to just about everything on the marketplace. An American dollar goes a long way in Belize. In any case, you should bring a professional on board who can help you identify the best tax incentives and help ensure the process goes smoothly.

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A Sense of Normalcy

English being the native language in Belize is an abnormality for the region, but it’s of benefit to a lot of travelers who aren’t looking to learn another language but still want to be able to communicate with the locals. Additionally, the prominence of the English language in Belize means smoother communications when you’re looking to shop for and potentially buy a home in Placencia. And as a popular choice for American expatriates, meeting new people with similar interests isn’t an issue.

If you’re looking for a new home, Placencia Belize offers an intriguing option that’s more accessible than you may think. Get in touch with Boris Mannsfield & Associates. With over 50 years of real estate experience among the team and access to some of the best properties in the Placencia area, they can help you find the property that’s right for you.