Belize Real Estate Buyer’s Guide 2025
Frequently Asked Questions
Property Ownership in Belize
Can foreigners legally own property in Belize?
Yes. Foreigners enjoy the same property ownership rights as Belizean citizens. You can own land, homes, and even beachfront properties outright in your name without residency or citizenship.
Are there any restrictions for foreign buyers?
Only one: if you're purchasing property within 1 kilometer of Belize’s borders with Mexico or Guatemala, you'll need special government approval. Otherwise, foreigners can buy freely throughout the country.
Buying Process & Legal Basics
What is the buying process like for foreigners?
The process is simple and transparent. After an offer is accepted, a local attorney will conduct a title search. You'll sign a formal agreement, place funds in escrow, pay the transfer tax, and receive your registered title—usually within 30–90 days.
Do I need a local real estate agent and lawyer?
Yes, both are highly recommended. A licensed agent helps with finding and negotiating your property, while a local attorney ensures the title is clear and manages all legal aspects of the transaction.
Taxes, Closing Costs & Ongoing Fees
What are typical closing costs?
The main cost is an 8% stamp duty (transfer tax), paid on the property value above the first $10,000 USD. Expect total closing costs to be 7–10% including legal and registration fees.
What are the annual property taxes?
Property taxes in Belize are very low. Unimproved land may be under $100/year, and developed property is taxed at about 0.01% of market value. There is no capital gains tax.
Financing & Income Potential
Can foreigners get a mortgage in Belize?
Financing is available but limited. Most foreign buyers pay cash