How to Buy Property in Belize for Retirement | Buy Land in Belize

How to Buy Property in Belize for Retirement

Few nations make it as easy for retirees to find, finance and buy a home as the country of Belize, which is the reason the number of retirees moving here has set new records. It’s not hard to figure out why Belize is so popular. Everyone speaks English. U.S. dollars are accepted in most places. And the housing market at Belize destinations like the quintessentially-popular Orchid Bay community is thriving.

Houses, condos and villas in this safe, gated community are built to North American infrastructure standards and a ready-made community of friends is already in place. Thanks to the nation’s liberal retirement program, anyone over the age of 45 is eligible to receive a full complement of incentives offered by the Belize government, so your dreams of early retirement can come true here. Need more inducements? Start with these 10.

-Time is your friend. The home purchase process takes between 30 to 90 days, so it’s common practice for retirees to find a residence and return home after most of the paperwork is sorted.

-Financing isn’t a problem for most home buyers moving to Belize because banks are eager to bend over backward to help ex-pats settle here. On average, a 10-percent deposit is required, and Belize banks usually charge from 10- to 15-percent interest on loans.

-Communities like Orchid Bay offer developer financing or milestone payments to buyers, so if you prefer not to involve a bank in your home purchase, you have that option.

-A surprising amount of paperwork can be undertaken by mail, wire transfer and fax since you don’t have to be in Belize to oversee most aspects of your real estate transaction.

-Newcomers receive the same property ownership rights as Belizeans and contracts and agreements are written in English, thus most ex-pats find themselves familiar with the process that’s based on British Commonwealth Law.

-Closing costs for a home purchase are modest and determined by the development itself; legal/administrative fees are minimal, too.

-You’ll be offered three types of deeds: a deed of conveyance, transfer certificate of title or land certificate. Ask your attorney to explain each so you’ve a thorough understanding of how they work and which one(s) you’re entitled to take advantage of.

-Enjoy being free, at last, of capital gains and inheritance taxes; the money you save adds up thanks to eliminating these alone. Property taxes are so low, they could take your breath away at around 1-percent annually.

-Every ex-pat is given an opportunity to participate in Belize’s Retired Persons Incentive Program. One of the perks of which you’re entitled is the ability to import your largest assets (cars, furnishings, boats) to your new home duty free.

-Return home as often as you like once you’ve found your home. Airfares have begun to drop dramatically as retirees continue to relocate in huge numbers. Of course, you may not want to leave—-a common sentiment among Orchid Bay’s newest and oldest residents, each of whom has found their own version of a Caribbean paradise.


Top Places to Stay in Belize

Belize Tour Companies and Travel Agents

Belize Real Estate Opportunities

June 12, 2018

World Oceans Day celebrated in Belize

This year’s initiative is focused at preventing plastic pollution and encouraging solutions for a healthy ocean. Read more:
Read More
June 12, 2018

Private Indulgence In An Island Sanctuary In Belize

Your own private island sanctuary, just hours from Miami, resides in the turquoise waters of the Caribbean on Belize’s Barrier...
Read More
June 10, 2018

Garifuna Collective Represent Belize at WOMEX Celebration

The Garifuna Collective is making a huge comeback at WOMEX, that’s the World’s Music Expo held in Spain. Read more:
Read More
June 9, 2018

Why is a small village in Belize a hot spot for anglers? It’s home to the Everest of fish

I was standing at the front of a 23-foot-long panga in the Bay of Honduras, some 10 miles northeast of...
Read More
June 8, 2018

Solo-travel or family vacation: Plan the world’s most amazing ecologically-conscious trips

FASCINATING CAVES: Black Hole Drop excursion in Belize is known for its caving adventure activities. Traverse the foothills of the...
Read More
June 8, 2018

Seasons in Belize

Hi guys! Today we goona tell you about the climate in Belize. This country is located in Central America and...
Read More
June 7, 2018

Courtney Sage says Belize is the definition of serendipity

Courtney Sage says Belize is the definition of serendipity. Read more:    
Read More
June 7, 2018

Adventure Travel Bucket List: Caving in Belize

Looking for a unique adventure in this exciting Central America destination? Here’s how to blend history, culture, and adventure with...
Read More
June 6, 2018

10 reasons why Belize is perfect for a single traveler & some ideas for your trip!

Belize is very popular for adventurous, free spirits – it is not known for its luxurious all-inclusives Click here:
Read More




Leave a Comment


Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password


Please support the site
By clicking any of these buttons you help our site to get better