The Real Estate Market in the Cayo District
The Cayo District in Belize is an increasingly popular spot to buy real estate. Let’s take a closer look at the real estate market in Cayo as well as some of the best places to buy property in this area.
Not everyone looking to invest in Belize real estate wants the beachfront property. Some people would prefer to have a hideaway in the rainforest. This is where the Cayo District comes in. Located in western Belize, Cayo is one of the most densely populated districts in Belize. Its economy is mostly an agricultural one, so there is an emphasis on living off the land. The surroundings of Cayo are gorgeous with over 2,000 square miles of rainforest, rushing rivers and waterfalls, and of course, Maya ruins deep in the jungle.
However, that’s not to say there are no modern amenities. The large towns of San Ignacio and Belmopan provide plenty of shopping and banking in the Cayo District. Belmopan is also the capital of Belize. Cayo real estate offers a unique opportunity to invest in a different type of Belize property. You’ll find national parks and nature reserves nearby, which just happen to be popular tourist spots as well. Along with the previously mentioned towns, Santa Familia is also a nice spot to search for real estate.
Getting To Cayo
You’ll find the Cayo District to the west of Belize City. You can easily drive to it via car on the George Price Highway. It takes about one hour to get to Belmopan from Belize City by car.
Buying Real Estate In Belize
The buying process for real estate in Belize is easier than you might think. Foreigners are unilaterally allowed to own property in Belize without any kind of license or permit. Once you find a property to buy, you simply submit an offer with the help of your real estate agent. Upon acceptance, you’ll likely be requested to make a 20% down payment. The next step is a title search on the property. Closing costs are typically totally the buyer’s responsibility. After due diligence, you are free to complete the property sale and transfer of documents.
If you’re looking for a great place to buy real estate in Belize, then you should consider Carmelita Gardens in the Cayo District. Carmelita Gardens is located on the scenic Belize River and offers community-focused independent living in gorgeous surroundings.