Belize is renowned as one of the easiest countries in Central America for foreign buyers. There are no restrictions on noncitizens owning property, no capital gains taxes and low property taxes. The country operates as a member of the British Commonwealth, with English as the primary language, and the Belize currency is fixed BZD$2 to USD$1, providing a measure of stability to the money market.

TIPS TO BUYING REAL ESTATE IN BELIZE

• Recently, the transfer tax was lowered from 15 percent to about 5 percent of the property's value. Scope out real estate agencies that cover the closing costs.
• Hire a Belize real estate lawyer to search for title history at the Belize Lands Department.
• Take extra care in choosing an agent. Find out more about recommended Belize real estate companies.
• When it comes to a condo, find one with good management. Find out more about recommended Belize condos and vacation homes.
• Custom building homes in Belize can be a challenging process. Contact IE-Worldwide for Belize planning, construction, development, and architecture.
• Location is the most important factor in determining price. Spend some time in Belize and get familiar with Belize's real estate market before putting any money in real estate.