House Hunting In Belize

BEAUTIFUL WATERFRONT HOME NORTH OF MAYA BEACH PLACENCIA

$398,500 US Dollars

Casa Laguna Vista is a home with a view! This active and popular VRBO vacation rental home sits across the road from the Caribbean Sea on the shoes of the Placencia Lagoon. This modern two-bedroom, two-bathroom vacation home is a short walk from a white-sandy beach on the coast of Placencia. This home offers a splendid view of the Maya Mountains, the Placencia Lagoon, and the Caribbean Sea – you get the best of both worlds! Built in 2012, this home is part of the Plantation Development on the Placencia Peninsula.

The 1,276-square-foot house sits on a 76' X 165' X 82' X 134' property adorned with tropical trees. This property is fully-fenced so visitors enter through a gated entryway paved with stones. The home features vaulted ceilings with a wrap-around veranda that opens to a sprawling living room and kitchen. There is beautiful hardwood finishing’s throughout the home. A palapa covered boat dock complete with hammock sits at the rear of the property along the shore of the Lagoon.

Other amenities include a 4,000 gallon concrete cistern and a remotely monitored four-camera security system. Property taxes in this area is about $50.00 US.

MARKET WATCH

Belize is poised to become the next retirement haven in the Caribbean. With its Blue Hole listed as the 8th Wonder of the World, Belize is quickly moving to the top of list of premier vacation destinations – translating into one of the best places to retire.

In recent years, Belize has been known for its laid back lifestyle and tropical weather, but visitors have been noticing other excellent qualities about Belize – good standard of living, convenient and reasonably priced travel to and from popular International destinations, exceptional retirement program for those 45 years or older, no inheritance and capital gains taxes, fixed exchange rate, good education system, peaceful, friendly locals, breathtakingly beautiful scenery, and the list goes on.   

WHO BUYS IN BELIZE

The north and south primarily attract US and Canadian buyers looking to retire and make a permanent investment in home and business. Foreigners make up the vast majority of the buyers across the country with locals looking within the Belize, Belmopan and Cayo Districts – which are the business areas – to purchase and settle down.

BUYING FUNDAMENTALS

There are no restrictions on Foreign Nationals buying property in Belize, a Non-Belizean may purchase land and property in Belize with full title being granted shortly after.

Belize's property tax is considered to be one of the lowest of any of the Commonwealth countries. Foreign Nationals pay 8% of the selling consideration as a stamp duty or transfer tax to the Government of Belize. Registration and fees are very minimal and lawyer’s fees for legal services for conveying property are approximately 1-2% of the selling consideration. Each individual is entitled to seek their own personal legal counsel. Approximate total closing costs for a Foreign National is 9 - 10% of the selling consideration.

Find out more about Real Estate and Commercial Investment Opportunities here.

LANGUAGES AND CURRENCIES

Belize is a melting pot of cultures. English is the universal language, but the multi-racial make-up contributes to other spoken languages and dialects such as Creole, Spanish, Mayan, Chinese, Mennonite German, Lebanese, Arabic, Hindi, Garifuna and Q'eqchi'. 

The National currency of Belize is the Belize Dollar (BZ) which is fixed to the American dollar (US) at a rate of $2.00 BZ to $1.00 US dollar.