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Century 21 Faq'sWhat are the factors that determine Real Estate prices in Belize? Who can purchase land in Belize?Anyone, including non-Belizeans can purchase land in Belize. What taxes should I expect to pay?Property Tax Property taxes range between 1% and 1.5% of the value of the property set by the Department of Natural Resources. Speculation Tax This tax applied only to undeveloped property of 300 acres or more. It is 5% of the undeveloped value of the land set by the Department of Natural Resources. Transfer and GST Taxes 5% of the Selling Consideration as a Stamp Duty or Transfer Tax Plus 10% GST What are the factors that determine Real Estate prices in Belize? 1. Location of the property. 2. Accessibility to property (major roads, highways). 3. Proximity to major towns, villages, and shopping centers. 4. Proximity to International Airport and International Import/Export Ports. 5. Access to Utilities. 6. Qualification of Property: i.e. Commercial, Residential etc. 7. Quality of Improved or unimproved property. 8. Building materials used and finishing touches. 9. Distance for transporting goods. What other fees might I need to consider?Registration fees are very minimal--approximately BZ$15 or US$7.50 Legal fees for conveying property range between 1% and 3% of the Selling Consideration. What is the approximate land value per acre in Belize?Land value varies in each district. Here are some approximate values: Corozal District: Undeveloped Land: US$250 to US$500 per acre Developed Land: US$1,000 to US$2,000 per acre Large Tracts: US$75 to US$250 per acre Lagoon Property: US$2,500 to US$10,000 per acre Orange Walk District: Undeveloped Land: US$100 to US$500 per acre Developed Land: US$500 to US$2,000 per acre Large Tracts: US$75 to US$200 per acre Lagoon Property: US$2,500 to US$10,000 per acre Belize District: Undeveloped Land: US$800 to US$1,500 per acre Developed Land: US$1,000 to US$2,500 per acre River Front Property: US$1,500 to US$2,500 per acre Along Western Hwy within 5 Miles of Belize City US$7,000 to US$15,000 per acre Along Northern Hwy within 5 Miles of Belize City US$50,000 -- US$100,000 per acre Cayo District: Undeveloped Land: US$1,000 -- US$1,500 per acre Developed Land: US$1,500 -- US$2,500 per acre River Front Property: US$1,500 -- US$5,000 per acre Stann Creek District: Undeveloped Land: US$300 -- US$800 per acre Developed Land: US$1,000 -- US$1,500 per acre Beachfront Undeveloped: US$1,000 -- US$1,500 per acre Beachfront Developed: US$1,200 -- US$2,200 per acre Toledo District: Undeveloped Land: US$100 - US$500 per acre Developed Land: US$500 - US$750 per acre Beachfront: US$700 -- US$1,200 per acre San Pedro, Ambergris Caye: Undeveloped Land: US$100,000 -- US$150,000 per acre Developed Land: US$250,000 -- US$300,000 per acre Beachfront property Within town US$300,00 -- US$1,000,000 per acre Beachfront property Outside of town US$250,000 -- US$1,000,000 per acre Caye Caulker: Undeveloped Land: US$500 -- US$1,000 per acre Developed Land: US$1,000 -- US$2,000 per acre Beachfront Property: US$1,000 -- US$2,000 per acre Other Islands: Individual Islands: US$50,000 -- US$150,000 per acre or higher Land on the Islands: US$30,000 -- US$75,000 per acre How do I immigrate to Belize?Upon entering Belize, you are given a 30 day entry stamp. If you wish to remain in Belize for a longer period of time, you must contact the nearest immigration Office for an extension. You may apply for permanent residence after having one year of legal residence in Belize. After being a legal resident for 5 years or over, you may apply for citizenship in Belize.
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