Belize Real Estate

Belize is located between the Hondo and Sarstoon Rivers. It is divided into six districts, namely the Belize, Cayo, Corozal, Orange Walk, Stann Creek, and Toledo Districts, which are further subdivided into 31 constituents. It is the only English speaking country of Central America and was once a British Colony for over a century. It was formerly known as British Honduras until 1973.

Belize is a member of the Caribbean Community (CARICOM) and the Commonwealth of Nations. Likewise, it is a democratic country in parliamentary form. The Queen of Belize, Elizabeth II of the United Kingdom, is the head of state of Belize.

Economic wise, Belize' primary source of revenue is agriculture, with agro-based industry, tourism, trading and construction as secondary supply. Sugar is their chief product, which comprises almost half of their exports. Other major agricultural industries in Belize include banana and citrus.

Only 20% of Belize' land mass is currently used, either agricultural lands or human settlements, while the rest are still forested which renders the country's biodiversity very rich both in aquatic and terrestrial. Tourism in this place is having a blast, given that Belize still has a lot of flora and fauna for the people's viewing pleasure, aside from the friendly locals all over.

This English-speaking country is also known as the "Gateway to the Caribbean", thus, a great investment proposition for nature lovers, and excellent retirement and relocation destination. With over 200 islands glued into it, Belize brags its second largest barrier reef, perfect setting for diving, snorkeling, fishing and other water sports. Also, there are the natural reserves, where one could journey and see the butterfly farms, caves, rivers, waterfalls, mountains and temples, with unique and exotic plants and animals settling therein. On the hilltops, there are different varieties of primates and reptiles, while abundant hummingbirds and macaws fill the area.

Foreigners can purchase and hold title on lands in Belize that are less than half an acre located on towns and cities while up to ten acres for lands located in the outskirts areas. A buyer shall apply for a license and submit a plan for development relative to the land desired to purchase to the Minister. As for lands that were already developed, a license is still required but there will be no more development obligation on the investor's part. The government of Belize also leases out lands with the option to buy if development to the land, which was specified upon application, is carried out. Generally, a 1% tax is imposed based on the unimproved value of the land. They also have given their assurance that any bonafide developer/investor will never bump into any difficulty or setback in obtaining a license. Moreover, the Belize government planned to put up an environment that will attract investments from locals and foreigners. They have enacted various laws and legislations during the 1990s that allows the provision of incentives to encourage and aide any possible land development project. The criteria to qualify for the incentives are varied but once an investor meets them; he or she can enjoy the benefits of tax holiday or duty exemption.

Belize has a wide range of real estate properties for investors and retirees seeking relocation. There are beachfront lots available, ideal for building business sites, homes, condos, and villas. There are also many beach houses for sale, ready for occupancy. Aside from beaches, there are several riverfront properties, creek fronts, hilltops, farmlands, mountainside lots and even private islands. One could retire to this beautiful haven with countless natural spots to explore or build up an eco-tourism business. Vacation homes are also available for rent on a daily, weekly or monthly basis, so visitors could enjoy each magnificent detail of the country.