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Who Is Buying Property in Belize?

lunarealtybelize.com
submitted
15 hours ago
byluna_realty_belizetogeneral

Summary

Belize is one of the most sought-after destinations in the Caribbean. The country has a relaxed, laid-back lifestyle. The cost of living is lower than many other countries.

The Qualified Retired Persons (QRP) program is designed specifically for retirees aged 45 and older. Participants can import personal belongings and even vehicles duty-free.

Belize doesn’t currently impose capital gains taxes or estate taxes for owners. Coupled with minimal property taxes, the financial incentives are undeniable. Many investors report ROI net returns around 4-8%, depending on location and property type.

Belize’s real estate is still undervalued compared to other Caribbean hotspots. Properties that cost $300,000 here could easily go for double or triple elsewhere. Future expats are seeing this price gap and acting fast.

Belize doesn’t have a robust mortgage market for foreigners, so it’s common to see people using self-directed IRAs, home equity loans, or private lending to finance purchases.

There's no need to worry about the cost of living in Costa Rica. The cost of a home in Costa Rico is much lower than in the U.S.

The country’s pro-foreign ownership laws, low taxes, and laid-back culture make it incredibly welcoming to outsiders. Prices are still low compared to other Caribbean countries, but demand is rising.

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