If you are ready to rest and relax, then the time has come to invest in the beauty of Belize. With expertise and wide knowledge of this sun-soaked tropical heaven, you will soon be in the perfect house, condo, or vacation rental of your dreams.
Whether it is a one-way, seaside, or riverfront home, or an investment property, we have the lists you are looking for. Whether you are buying or selling in or around Belize, we are here to help:
- Investment properties
- The rent
- A lot of lands
- Tell the experts
We at Rainforest Realty know what it is to come to Belize to fulfill a dream. Connected with local Belizean professionals and ex-pats around the world, we pride ourselves on getting to know the local real estate market and understanding the needs of our clients.
Because we are motivated to be the best in our industry, we spend more than 100 hours each year in high-level international real estate training. We are dedicated to ensuring that you get the right home, condo, rental, or investment property and we want you to enjoy the process. We take care of any complications so that you do not have to.
Whatever your next stage in life, we are at Rainforest Realty to realize your real estate dreams. And we are committed to doing so in the most ethical way. Since our inception in 2004, we are a real estate team that you can count on.
Why Invest in Belize?
Because it is one of the best investments you have made. Belize is a paradise you can call home.
And it is easy to buy here. The land title system is similar to those in the United States, Canada, and the UK, with no restrictions on the ownership of foreign lands. Nor are there capital gains or inheritance taxes.
Property taxes cannot break the bank, as they are much lower than in the United States or Canada. Additionally, Belize is an English-speaking country, which bridges occasional communication gaps in foreign lands.
There is also an excellent retirement program with a tax rebate on retirement homes, and retirees can make vehicles and personal property duty-free.
Some attractive locations in Belize
San Ignacio Town – The ruins of a well-preserved ancient wonder, Mech. Kahl Peach Village Resort has a variety of adventure tours.
Caye Caulker – This small limestone, of the island’s coast in the Caribbean Sea, is the second largest of Belizean gases.
Toledo – Located in the coastal city of Punta Gorda. Visitors are new by the great Toledo Cave network and the rich cultural diversity of Small offered by interactive lessons in Garifuna or Creole drumming and dancing schools.
Placencia Village – Located 16 miles of spectacular white-sanded beaches. It has emerged as a popular eco-destination, hosting outdoor activities including deep-sea fishing, snorkeling, hiking, and kayaking.
Hopkins – Mayflower, Bokavina National Park has over 7,000 acres of hiking, natural waterfalls, and ruins of the Maya, a complex area of forest zip lines. Tourists will also see the submerged coral formations of Glover’s Reef Marine Reserve.
Mountain Pine Ridge in the Cayo District – Located in the Cayo District, this amazing cedar forest is spread over 100,000 acres and is home to a large variety of wild mammals, including Bayer’s Tapir, Belize’s national animal.
South Water Caye – A lovely coral island, a secret treasure for diving and snorkeling. The Blue Marlin Beach Resort offers float-fishing journeys to marine fishing and many other waterfalls.
Dangriga – At the mouth of the northern Stan Creek River, Dangriga is the home and cultural center of the Garifuna people. It is an excellent place from where people can start sea or jungle excursions.
Tobacco Caye – One of the prettiest but most beautiful islands in Belize, perfect for travelers looking for solitude, warm water, palm trees, and a star-streaked sky.
Terneffe Atoll – A 30-mile-long island of islands, Turneffe Atoll is known for its incredible diversity of marine life and was recently declared a marine reserve.
Belize Real Estate Hotspots
According to Brittany McCann of Belize Sotheby’s International Realty, Ambergris Caye Belle has the highest house prices, with two- to four-bedroom oceanfront homes priced at US $ 1 million, while Oceanfront condominium units are priced at the US $ 500,000.
Inland homes cost significantly less than seaside properties, typically costing around the US $ 200,000.
In recent years the number of growth of ambergris cay has increased significantly. The new ‘Costa del Sol’ area west of San Pedro is now attracting only developers and investors.
House prices in the island’s main city of San Pedro are significantly higher than in other parts of the country, although more affordable than other Caribbean islands.
At Marriott resident Ambergris Caye Resort, a luxury beach resort near San Pedro, a one-bedroom condo and two-bedroom condos are for sale at the US $ 499,900 and US $ 819,900 respectively.
A three-bedroom condo on the same property is priced at the US $ 1,159,700. The residential, one-bedroom Oceanfront condo located on the second floor in Barrier Reef is currently in the US for the US $ 470,000.
Southern Belize is currently seeing several developments. Most are in the Seine Bite Village and Placencia Village. Placencia of the thin, twisted peninsula in southern Belize has continued to grow in popularity with foreign homebuyers.
At Itzana Resort & Residence, new major property development in Placencia, prices range from $ 345,000 for a three-bedroom cottage to $ 345,000 for a three-bedroom beach currently. The two-bedroom seaside condo at Sunset Point, Stan Creek, is priced at $ 365,000.
In southern Belize, KC is about 40% lower than Ambergris Placencia. However, Southern Belize prices have risen sharply over the past few years. A two-bedroom Oceanfront condominium unit costs around US $ 350,000 while the Oceanfront costs the US $ 150,000 to US $ 250,000.
The average price for a luxury home was $ 500,000 in the Corozal of Quintana Ruo, the Chetumal town of Belize, located at the northern end of Mexico. Some foreign investors prefer to live near the Mexico border to enjoy the beauty of both countries.
Caye Caulcar, the second largest of the Cazes of Belgium, resembles Ambergris Caye ten years ago. In South Kei Caulker, the two-bedroom house is currently priced at $ 310,000.
Most buyers want to be near the beach. Ambergris Caye and Placencia Peninsula generate foreign interest at an unprecedented pace. New construction is ready to meet the demand for the boom and it is working to increase quality throughout the industry.
Rents are low
Residential rents are surprisingly low. The average rent for a one-bedroom apartment in the city center is the US $ 350 per month, while three-bedroom apartments are offered for around US $ 600 per month. Rents for out-of-town apartments are around 25% to 35% lower.
In Ambergris Caye, where rent is the most expensive in Belize, in 2019 there are three to four-bedroom family homes on the beach at a rent of $ 2,000 to $ 3500 a month. But still cannot find apartments on monthly rent. From $ 75o to US $ 1,250.
In Placencia, a one-bedroom beach house is rented for around the US $ 1,000 per month. In Corozal, some hotels offer long-term rates of around US $ 500 per month.
Small Mortgage Market Growth
Belize has a relatively small mortgage market, even though the debt-to-value (LTV) ratio ranges from 60% to 80% of the property’s appraised value, with terms ranging from 15 to 20 years.
Reasons for the small market include:
- Low demand for mortgage loans, as some Belizean property buyers meet financial criteria.
- Most buyers pay in cash; Some foreigners tap home-to-house credit lines.
- Only a handful of local and international banks offer mortgage loans, making it difficult for non-resident buyers to obtain finance from banks.
- Mortgage interest rates are higher than US rates.