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About Belize

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Purchasing Real Estate Locals and Foreigners

Currency Exchange?

Why Retire in Belize?

Why Choose Belize to Buy a Property?

A myriad of reasons to make your decision easier. Communication is easy in Belize. English is our official language and Spanish is widely spoken. You will have no problem communicating with your local grocer about your favorite fruit and vegetables in season, or to your doctor about what you are feeling.

Top Reasons for Buying Property in Belize

The cost of living is also relatively low. Although the cost of many good imported from the U.S. are expensive, you are able to find locally produced goods at low prices. You can enjoy healthy and inexpensive meals from the comfort of your home. Locally grown produce for instance is realitvely cheap.

Health is of course of primary importance in the consideration of an individual who intends to relocate or retire to a foreign country. The cost of a typical consultation at the doctor’s office is about $25USD or $50 USD, with various public / private clinics throughout the country. For anything they are unable to resolve, Belize city hosts more modern facilities, and better healthcare is available if necessary. The climate is tropical with distinctive wet and dry seasons. The dry season in Belize typically lasts from February to June, there is generally sunny weather throughout. The temperatures can range from around 24°C (75°F) to 32°C (90°F). The wet season in Belize typically extends from June to November. Rainfall is more frequent during these months, temperatures during the wet season generally range from around 24°C (75°F) to 31°C (88°F).

Stability is another important factor. Belize presents itself as a democratic country with a low crime rate and no ongoing political strife. A trip to Belize is a relatively risk-free endeavor and locals are for the most part very friendly and helpful to tourists. Its location also gives it an advantage as it is easily accessible by land, sea, and air. There are daily flights available from Belize City to Houston, Miami, and New Orleans, making travelling back and forth easy and quick.

Currency Exchange

The Belizean dollar is pegged to the US dollar at the rate of two dollars BZ to one dollar US. Whereas US dollars are readily accepted as currency in Belize, this convenient fixed exchange rate does not apply to other foreign currencies. Therefore during closing periods you may be susceptible to risk due to fluctuating currency exchange rates.

For example, if you are a Canadian looking to buy property in Belize, you will inevitably need to transfer your US currency dollars to buy your property or arrange financing. If you had been looking to buy a property in Belize priced at $500,000 US at the beginning of January 2007 it would have cost you $592,000 CA. However, if you looked at that same property at the beginning of July 2007, it would have cost you only $528,000 CA. In other words, the same property would be $64,000 CA cheaper than it was at the beginning of the year. And if five years ago you had been looking to buy that same $500,000 US property, it would have cost you a staggering $809,000 CA. In other words, the same property is now $281,000 CA cheaper than it was five years ago.

So it is important to pay attention to the exchange rate for your payments, or it could cost you a lot of money.

A firm named HiFX offers services that can reduce the risk due to fluctuating currency exchange rates. They have a free currency converter that you can use, and they can assist you in locking in an exchange rate for up to two years in the future to protect against currency fluctuations.

Click here

Join the Ceiba Insider

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Ceiba Realty is a registered real estate company specializing in prime real estate in Belize. We act primarily as a buyer’s agent and we co-broker real estate transactions with all other reputable real estate agents in Belize.

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