The good news is that real estate costs less in Belize than it does in the U.S., Canada or Western Europe. To be sure, in a few prime areas you can spend hundreds of thousands of dollars on North American-style luxury home, but you can also buy raw land at prices not seen in the U.S. since the 1960s and in some areas find a simple but pleasant rental house near the sea for under US$300 a month.
More good news: There are few restrictions on the purchase or use of real estate by foreigners, legal documents are in English and follow English common law traditions.
Shopping for Housing
Except for occasional ads in the San Pedro Sun on Ambergris Caye and in Belize City newspapers, few properties are advertised for sale. Real estate agencies do maintain listing brochures, and you can contact them to request a copy. Many real estate brokers use the Internet as the primary way of presenting listings and of getting prospective buyers. See the real estate agent listings below for addresses of real estate Web sites in Belize. Even with the Internet, however, you’ll miss three-fourths of available properties. To find out what’s really for sale, you’ll have to spend time on the ground in Belize. Most properties are for sale by owner, rather than being listed with a broker. In many cases, you will see no sign or other indication that a property is for sale. Just start asking around, and before long you’ll have more deals being offered you than you can even begin to consider.
This goes double for rentals. It is rare to see a house advertised for rent in a newspaper, except in San Pedro, and brokers handle only the most expensive rentals. About the only way to find a house or apartment to rent is to spend some time in the area where you wish to rent. Drive around and look for vacant homes, or ask foreign residents or Belizeans for tips on what’s available. |
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