While it’s possible to obtain a mortgage in Belize as a foreigner, it can be more challenging than in some other countries. Local banks may have stricter requirements and higher interest rates. Exploring options with international lenders or considering seller financing might be viable alternatives.

Property taxes in Belize are generally lower than in many other countries. However, the exact amount depends on the property’s value and location. It’s essential to research specific tax rates for the area you’re interested in.

Belize is generally considered a safe country, with crime rates comparable to many other tourist destinations. However, as with any location, it’s essential to exercise common sense and be aware of your surroundings.

The dry season, from November to April, is generally considered the best time to visit Belize.

No, foreigners have the same property ownership rights as Belizean citizens. There are no restrictions on the type or location of property that can be purchased.

Closing costs in Belize typically range from 1% to 2% of the purchase price. These costs cover legal fees, title searches, transfer taxes, and other administrative expenses.  However, we highly recommend checking with a local attorney to provide you with the total cost. 

While property ownership can be a factor in obtaining residency, it doesn’t automatically grant you a visa to live in Belize. You will need to explore visa options based on your specific circumstances, such as retirement, employment, or investment.

Belize offers strong potential for rental income, especially in popular tourist destinations. Factors such as property location, condition, and amenities will influence rental yields. Researching rental rates in your desired area can help estimate potential income.

Several areas in Belize have become popular expat communities. Ambergris Caye, Caye Caulker, and Placencia are well-known for their amenities and expat-friendly atmosphere. However, other regions like Corozal, Cayo and inland areas are also attracting expats seeking a quieter lifestyle.