It’s not surprising that buying a house in Belize has become so popular; this safe, beautiful and English speaking country is increasingly appealing to investors as well as retirees. Buying a place to live here is straightforward, and house prices are low when compared to the UK or the US. You’ll have to pay a stamp duty or stamp tax upfront, which is typically around 8 percent of the property price. Once paid, your taxes due for owning a home are inexpensive; around $50 every year. Anyone selling a house in Belize is protected too, as the title isn’t transferred to the buyer until the home is paid off. It’s not uncommon for buyers to put 20 to 40 percent down and then make payments to the owner until the home is paid for. Finally, choose an agent carefully, as real estate agents don’t require licensing there.
