Isla Bonita%0D%0ABelize Yacht Club%0D%0A %0D%0ALuxury Residential Beach front Apartment%0D%0ASan Pedro%0D%0ABelize%0D%0A%0D%0ADuplex 1 Bed 1 Bath Gnd Floor %26 1 Bed 1 Bath 1st Floor%0D%0A%0D%0AThis is a two storey building with two units within the BYC%2C an upper one bedroom%2C one bath and a lower one bedroom%2C one bath%2C both with private outdoor balconies overlooking the pool%2C bar and the ocean%21 Both units come fully furnished ready to occupy or place in the Rental Pool for rental income%21 %A3190%2C000%0D%0A%0D%0AAlso at B.Y.C.%0D%0A1 Bedroom 1 Bath Second floor unit %A3190%2C000%0D%0A%0D%0AOne of the best and long established resorts on the island%2Cthe exclusive Yacht Club has both a one bedroom unit on the ground floor and a one bedroom unit on the second floor%2C each fully self contained and fully furnished%21 %0D%0A%0D%0ABelize Yacht Club is curently upgrading of their marina to a world class facility. Designed and built by world renowned marina developers%2C Technomarine%2C and set to begin construction in late 2007 with completion in early 2008. The new marina facility will have berths for 120 vessels including super yachts.%0D%0ALa Isla Bonita%0D%0ALa Isla Bonita from the Madona song is located 35 miles north east of Belize City and can be reached either by a 20 minute flight or a 1.5 hour boar ride. %0D%0A%0D%0AThe Caye has emerged as Belize%u2019s premier tourism destination given its beauty%2C accessibility%2C and proximity to world class diving and snorkelling. The largest barrier reef in the western and southern hemisphere runs parallel to its Eastern shore. %0D%0A%0D%0ASan Pedro%2C the main town has around 7000 inhabitants%2C the Isla Bonita has more foreign residents than any other area of Belize%2C and this number is growing.%0D%0A%0D%0ASan Pedro%2C the main town%2C is lined with painted wooden houses%2C small hotels%2C bars%2C craft shops and restaurants. While some residents own cars%2C the most common form of transportation is by golf cart. %0D%0AMany British investors are attracted to the wide range of investment opportunities available from beachfront condos%2C serviced lots as well as large raw land parcels in the more remote Northern beaches suitable for private estates as much as for the commercial tourism projects.%0D%0A%0D%0AThe strong visitor numbers to Ambergris Caye%2C many attracted by the world class diving%2C white sand beaches%2C snorkelling and fishing%2C support a buoyant rental market%2C a key driver for those investors looking for income generating property. %0D%0A%0D%0ARental Income Potential%0D%0ALike Cape Verde a couple of years ago%2C Belize could be the surprise property hotspot of this year as tourism is%A0said to be rising by more than 20%25 annually. At present%2C visitors from the US represent 61%25 of the market share%2C but there are growing numbers of European tourists and this looks set to continue as Belize%27s international airport is expanding and direct flights from Europe are expected by the end of 2007%0D%0ABoth long term and short term rentals can be arranged through our partners to ensure that your property and investment is managed in a safe and efficient way to provide you with piece of mind while you are away.%0D%0ACloseing Costs %26 Taxes%0D%0AThere are no restrictions on foreign ownership of property.The first step to purchasing property in Belize is to engage a reptuable U.K. agent and a local lawyer. It is very important to have legal representation because there is no regulation on the real estate industry in Belize. %0D%0A%0D%0AAgents are not required to have any certification or license. Moreover%2C real estate agents in Belize are not required by law to disclose valuable information about the property. %0D%0ABe aware of %u201CDeed Restrictions%u201D. These are intrinsic to the property title%2C which means%2C while there are no restrictions mandated by law%2C there are restrictions that go with the property owner%u2019s rights and obligations. These restrictions outline how the property can be used. %0D%0A%0D%0AThe lawyer can be helpful in making sure the %u201CDeed Restrictions%u201D of a title are legal. Also%2C it is important to ascertain the property%u2019s zoning. This specifies how high the dwelling/building must be%2C how many rooms it can contain%2C etc.%0D%0AOnce a property has been chosen%2C negotiate. Upon reaching an agreement%2C a 10%25 deposit must be paid%2C which takes the property off the market. %0D%0A%0D%0AIt is the duty of the lawyer to ensure that a title for the property actually exists since there are unregistered properties in Belize. %0D%0A%0D%0AOur lawyer is responsible for performing due diligence%2C our office fees are only payable once the transaction is completed and you receive your title documentation.%0D%0AIf the property is clear of any charges%2C proceed with the transaction. The seller will submit his title documents to his lawyer who will draft a new title in your name.%0D%0A%0D%0AUpon receipt of the new title%2C the lawyer will transfer the outstanding balance%2C which he will have already asked the buyer to pay to his escrow account%2C to the seller.%0D%0A%0D%0AHe will then submit Transfer of Land forms to the Department of Lands and Surveys in Belmopan%2C where stamp duty of 15%25 will be payable %28Belizean nationals pay only 5%25 for stamp duty%29. The new Land Certificate%2C in your name%2C should arrive within a few weeks. %0D%0A A new Goods and Services Tax %28GST%29 levied at 10%25 is included in first-time property sales. Non-residents receiving rental income pay business tax at a rate of 3%25 on the gross rental income.%0D%0A%0D%0AProperty Tax%0D%0AProperty taxes are levied on actual rental income of the property %28if it is rented out%29 or on the assessed rental values%2C which are likely to be underestimated by the authorities.%0D%0A%0D%0AThe tax is levied at 9%25 for occupied properties located in urban areas but the tax rate varies between 2%25 to 9%25 in other municipalities.%0D%0A%0D%0ACapital Gains Tax%0D%0AThere is no capital gains tax in Belize.%0D%0A%0D%0ATransaction Costs%0D%0ASales Tax 9%25 buyer%0D%0AStamp Duty 5%25 buyer%0D%0AProperty Tax 1-1.5%25 buyer%0D%0AAgent%27s Fee 6-8%25 buyer%0D%0ABuyers Legal Fees 3-5%25%0D%0ASellers Legal Fees 3-5%25%0D%0ACosts paid by buyer 16%25 - 19.5%25%0D%0ACosts paid by seller 7%25 - 12%25%0D%0A%0D%0ACapital Growth in Belize%0D%0ABelize offers affordable real estate with great potential for capital appreciation and rental income. Moreover%2C Belize boasts luxury amenities and the possibility of an immediate upscale lifestyle - not in the distant future as can be the case in other Central American countries.%0D%0A%0D%0AProperty investors are attracted to Belize for the following reasons%3A %0D%0A%0D%0ABelize is universally considered one of the top 10 diving destinations in the world with a coral barrier reef second in size only to Australia running the length of its coastline. This is a key cause of the strong visitor trend. %0D%0A%0D%0ABelize is just being discovered as the most ecologically natural and least developed island paradise in the Caribbean and is priced far below comparable Caribbean real estate. %0D%0A%0D%0ARight now Belize is an increasingly popular destination for tourists%2C and this trend bodes well for investors who secure their investment now. %0D%0A%0D%0ABelize is the only Central American country to enjoy consistent increases in tourist arrivals since 1998 including over the post 9/11 period.%0D%0A %0D%0ACruise visits to the country increased by over 50%25 between 2003 and 2004. Some commentators are predicting that this tiny tropical paradise is destined to be the next Cancun or Costa Maya. %0D%0A%0D%0AProperty pounds tend to follow leisure and tourism pounds and with tourism growth rates surpassing other counties in the region%2C the market for Belize property is set to boom.%0D%0A%0D%0A%0D%0ABuying off-plan%0D%0AThere are in fact a number of promising advantages about buying new build property%2C not least because everything is usually up to a very high technical standard and you know that everything is going to work with the peace of mind that no expensive refurbishment bills will crop up for a number of years.%0D%0A%0D%0AWhen a new property is built it will come with a building insurance certificate%2C which means that any structural defects in the first 10 years are covered and paid for by the insurance company. %0D%0A%0D%0AIf you like the idea of a brand new property where you can choose the decor before it is built and don%u2019t mind waiting a year for the property to be built then buying off-plan could be the way to go. %0D%0A%0D%0AWith property prices rising by 30%25 p.a. it is likely to be worth more than you paid once they have been completed. Ease of rental makes them an excellent investment choice. %0D%0A%0D%0AWe are pleased to help you with all aspects of the property purchase to make your experience hassle free.%0D%0A%0D%0A%0D%0AProperty Boom in Belize%0D%0ABelize has attracted property buyers for a quarter of a century. The Isla Bonita%2C the country%u2019s exclusive high-end destination%2C is a particular focus of attention.%u201CEspecially in the last five years it has gone crazy%2C%u201D says Claudio Azueta of Southwind Properties%2C %u201CFour or five years ago the price for a frontage foot was %A31000-1500. %u201CBut we have gotten to %A32000 per frontage foot and we have people listing at %A32500-%A33000.%u201D %0D%0APayment Options%0D%0ACash%0D%0A%0D%0A%0D%0A%0D%0A

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