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.
Buying a villa or condo in Belize has many plus points due to its location and good climate. With Caribbean sea views, easy access and the fact that property values have increased over the past few years it is a very attractive option for many investors. Another benefit is that investors have the same rights in ownership and tenure as nationals which is not always the case in other countries.
Due to English being the first language in Belize, this makes the buying process much easier for foreigners during negotiations and when completing paperwork. Moving possessions to the country can be done without paying import tax, which is not the case with many other destinations. All prices will be shown in dollars, which also makes things simpler, as you will not have to convert currencies or worry about exchange rates fluctuating.
Many investors will take the option of renting before making a commitment to buy to make sure that they are making the right move. Renting a beachfront home in Belize is possible, but bear in mind that it is fairly expensive with a small villa costing around 2000 dollars per nightly stay. When signing up for a longer rental then better rates may be available depending on the agent and length of tenancy.
After deciding to make the move and relocate to Belize, it is essential to work out how much you have to spend and stick to this as closely as possible. Location, size and facilities will affect prices significantly, so take some time to think about what you need. A one or two bed apartment will be priced at around 750,000 dollars increasing to millions at the higher end of the market.
When researching properties in foreign countries the internet is a great place to start and there are many companies listed that can help. After deciding on which ones you are interested in, these online agents can be contacted via email and will be happy to advise you in any matters. As with any property purchase it should always be viewed in person before making any financial commitment or signing any contracts.
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.
One of the most important things that should be done before any contracts are signed is to open a bank account in the country. Any official documents such as life policies and driving licenses should also be checked to ensure they are still valid in Belize. When planning to bring a car into the country it is also worth speaking to your legal adviser to check on procedures and regulations.
Buying a villa or condo in Belize has many plus points due to its location and good climate. With Caribbean sea views, easy access and the fact that property values have increased over the past few years it is a very attractive option for many investors. Another benefit is that investors have the same rights in ownership and tenure as nationals which is not always the case in other countries.
Due to English being the first language in Belize, this makes the buying process much easier for foreigners during negotiations and when completing paperwork. Moving possessions to the country can be done without paying import tax, which is not the case with many other destinations. All prices will be shown in dollars, which also makes things simpler, as you will not have to convert currencies or worry about exchange rates fluctuating.
Many investors will take the option of renting before making a commitment to buy to make sure that they are making the right move. Renting a beachfront home in Belize is possible, but bear in mind that it is fairly expensive with a small villa costing around 2000 dollars per nightly stay. When signing up for a longer rental then better rates may be available depending on the agent and length of tenancy.
After deciding to make the move and relocate to Belize, it is essential to work out how much you have to spend and stick to this as closely as possible. Location, size and facilities will affect prices significantly, so take some time to think about what you need. A one or two bed apartment will be priced at around 750,000 dollars increasing to millions at the higher end of the market.
When researching properties in foreign countries the internet is a great place to start and there are many companies listed that can help. After deciding on which ones you are interested in, these online agents can be contacted via email and will be happy to advise you in any matters. As with any property purchase it should always be viewed in person before making any financial commitment or signing any contracts.
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.
One of the most important things that should be done before any contracts are signed is to open a bank account in the country. Any official documents such as life policies and driving licenses should also be checked to ensure they are still valid in Belize. When planning to bring a car into the country it is also worth speaking to your legal adviser to check on procedures and regulations.
About the Author:
Get a detailed list of the advantages you get when you own beachfront property in Belize and more info about a reliable Realtor at http://veneziadelcaribe.com right now.
No comments:
Post a Comment