Property in Belize
Belize, a quiet, peaceful democratic country of approximately 250,000 people, is located in Central America on the Caribbean Sea, and bordered by Mexico and Guatemala. The climate is tropical with a rainy season from May to November and a dry season from February to May. English is the official language, while Spanish, Mayan, Garifuna and Creole are also spoken here.
The country has a relaxed way of life, which is simultaneously comforting and jarring for those used to the typical fast-paced environments of the U.S. We would strongly recommend visiting the country and experiencing Caribbean life before purchasing here. You will know if you love this place. And if you love this place, we believe you’ll want to purchase land at Cyan Belize.
Belize is in Central America but has more in common with the Caribbean despite its dominant second language being English. Formerly known as British Honduras Belize is UK’s last colony on American mainland. It has a population of 314,300.
The economy has experienced strong growth since 1996 with Tourism, fisheries, agriculture, and manufacturing dominating the Belize economy- Tourism is high with the focus being on pristine beaches, great dive sites and virgin forests of Belize. Belize received 774,558 visitors in 2008.
There are no restrictions on foreign ownership of property.
Once a property has been chosen a 10% deposit must be paid, which takes the property off the market. It is the duty of the lawyer to ensure that a title for the property actually exists since there are unregistered properties in Belize. The lawyer is responsible for performing due diligence. It is typical for the buyer and seller to have separate lawyers.
