For seniors and vacation home shoppers considering purchasing retirement or real estate property in Belize, Corona virus may have put a damper on immediate plans, but in return for the wait, folks intending to continue with their plans as soon as travel circumstances ease up, rewards in the form of new perks from Belize’s government are already getting a lot of buzz.
For Scott Fuson, Salt Life Belize’s sales director, this bold move by the Barrow government now means that land title transfers involving foreign nationals no longer need the Central Bank’s approval before the lands department can move further on a pending sale. “We have been getting many inquiries from people who had already started thinking about moving to Salt Life Belize or buying real estate in our beautiful community, so despite a few issues, this ruling is fabulous news.”
While Belize’s International Airport has halted incoming flights, travelers have been patiently waiting until the tourism industry’s declaration that the nation is open to tourists on August 15, 2020 comes to pass. “It’s just a matter of time and patience, but this news drives home the fact that everyone already knew: Non-citizens won’t find a Central American nation that makes home ownership this easy,” adds Fuson.
“Ex-pats pay no capital gains taxes and property taxes that are so low, we often repeat ourselves when we give visitors tours of our gorgeous new community. There is a small Stamp Duty of 5-percent of a property’s value at closing and when they learn that they’re exempt from paying tax on the first $10k, “Where do we sign?” is is usually the next thing we hear! Knowing that Belize land title ownership is based on the same standard as that of the U.S., Canada and the U.K. is another big incentive for choosing our property.”
“We invite everyone interested in learning more about our fast-growing community to keep in touch with us as circumstances change,” Fuson urges. “Soon as we receive updated news from the airport, the government and tourism authorities, we get in touch with everyone on our list. We’ve become so friendly, our staff recognizes potential buyers immediately, so you might say that our welcoming committee begins its work with a single conversation!”
Salt Life Belize is a unique development offering superior real estate in an area not known for affordability. Situated along the Caribbean Sea, condos are especially attractive to retirees eager to live among other ex-pats. Studio, 1 and 2 bedroom condominiums with on-water balconies and roomy interiors are available for occupation now, as the community’s Salt Beach Club moves toward completion by year’s end.
Company Name: Salt Life Belize
City: Ambergris Caye
State: Belize District