Real Estate In Belize

Do You want to buy, build or rent in Belize

Published Date : Nov 29, 2009

There is a great amount of interest from prospective real estate investors in the country of Belize, especially among those folks who are looking for retirement homes or basically people who want to relocate abroad to escape from the rat race they have known all their lives. Those in the know come back with information of how easy it is to acquire a home in Belize and even for those who do not want to buy, rent itself is so low you will not believe when people report rents of between $100 and $200 a month. And for the adventurous ones who want to build their dream homes, the cost of land is not anything people of this generation have heard of at anytime in their lives, only the very old can relate to the low figures.

Currently there are no restrictions to any foreigner who wants to acquire a piece of real estate in Belize and if anything there may actually be incentives to attract more people to come and own. Just like you would do when you want to buy a house any where else, investing in Belize should not be an exception where the rules are involved. You will realize that the rule that dictates the place of demand in determining prices applies even here. Many foreign investors want to buy houses next to the beach and for that reason the costs of such properties is obviously high. We have hundreds of people relocating from the United States, UK and even Canada and because they come with the dollars then you can expect the cost to rise dramatically.

You will need to come over armed with your good negotiating skills because these guys will take any chance to milk you out of all your cash if you are willing to pay any figure they are going to quote for the house you want to acquire or even rent. You know it appear to be fact all over the world the person who makes money in real estate is the buyer and not the seller so at any rate you have a deal when you buy. The experts in real estate will tell you that knowledge is king and therefore if you spend just a little more time in Belize before settling on a deal, you are likely to clinch a real winner when you finally sign the dotted line.

Just like with any other lucrative market there could be a few bad guys out there who will be looking out to dispose that piece of property that is really worthless. The old adage about the deal that is too good being suspect will hold true here more than anywhere else. There are countless people who have bought what they thought was a real sweet piece of beach land during the dry season and when the rains came they discovered it was actually marsh land which has no real value. So it pays for any prospective buyer of a house or piece of land in Belize to take just a little more time before they commit themselves, the watchword would then be that you don’t come with an itchy pocket, be willing woo wait just a little longer and you will be glad you did.

To streamline and minimize blog maintenance, I will be discontinuing maintaining the realestateexpedition.com website (however, I will still hold the domain). I will gradually move all articles from this site to A Dawn Journal. This article originally published on the above website on Nov 29, 2009.