Buying Real Estate in Belize
The process of buying real estate in Belize is relatively simple and similar to that of the UK, Ireland, the US or Canada. The official language in Belize is English, thus cutting out many of the biggest problems faced by overseas property buyers caused by a lack of understanding and the difficulties of translation.
Real estate transactions in Belize take somewhere between 30 and 90 days. Once an offer has been made and formally accepted, a deposit must be paid into an escrow account as both parties sign a formal sales agreement, followed by a period to allow for the relevant due diligence to be completed (e.g. Title Search). Once due diligence is completed and satisfied, funds are transferred out of escrow, transfer documents are lodged with the government, and a new title is issued.