Most foreigners will find property prices in Belize pricey compared to the rest of Central America. However, Belize is quite economical in comparison with the rest of the Caribbean.

Homes in high class neighborhoods are priced starting at $100,000.00 US to $300,000.00 US. Lots sell for about $15,000.00 US and up and beach front lots sell from $1,500.00 - $2,000.00 US per beach front foot. Land prices vary depending on the area. Land with river frontage or beach frontage is by far more costly.

Property taxes vary by area but are generally low ranging from about 1.5% for land. Property tax on homes is usually less.

When real estate is sold a land transfer tax is levied on the transaction. It is usually the purchaser who pays the tax however, both the purchaser and the owner can opt to split it 50/50. Tax rates vary nationwide but are usually between 3% to 8% depending on the value of the real estate. The rate for foreigners or foreign corporations is usually 10%. Other fees that are levied include registration fees, recording fee, registrar general's fee and fees for the publishing notices in the Government Gazette. There is no death tax (taxes on the value of the real estate), capital gains tax or inheritance tax in Belize.

Attorneys fees start at 2% of the sale price. All deeds and contracts are made by attorneys and are recorded in the General Registry. They must also guarantee the title they make. In some areas of Belize condominium laws apply. In such cases it is advisable to have an attorney examine the contract before deciding on purchasing the property. It is always best to get an attorney that is not associated with the owner.

Company tax is levied at 35% on income arising in Belize and all foreign income brought into the country. The Belize Government, however, does grant tax holidays and other concessions to encourage both local and foreign investors to invest in Belize. Under the Fiscal Incentives Act of 1990, tax holidays can be anything between 5 to 15 years depending on the nature of the business and how much of it is locally owned. Foreign investors may repatriate 100% of their investments and profits provided they register all foreign exchange brought into the country with the Central Bank and supply audited financial statements annually. A minimum of $250,000.00 BZD must be invested to qualify for any concession. All applications must be submitted to the Ministry of Economic Development.

Environmental impact statements are necessary for the development of a piece of property, especially property on the coast.