Isla Bonita%0D%0ABeach front Mansion%0D%0A %0D%0ALuxury Residential Beach front Mansion%0D%0ASan Pedro%0D%0ABelize%0D%0A%0D%0ABeach Front Mansion %A31.45 Million%0D%0A%0D%0ARight on the beach%2C 4.8km south of town center%2C this 1800m2 plus home boasts 8 bedrooms%2C 5 bathrooms%2C huge sunning deck%2C pool%2C palapa bar%2C private pier and much much more%21%21 Designed so that the two floors can be used as separate units thus giving great rental income potential. %0D%0A%0D%0AThe mansion is a round house with sliding glass doors and picture windows in each room which creates a lovely cross breeze. There are ceiling fans throughout and the ceilings are made of beautiful hardwoods of Belize %28Mahogany%2C Rosewood%2C Sierra Cote%2C and Santa Maria%29 and air conditioning in the bedrooms. The floors are tiled in each room with Spanish natural color tiles. %0D%0A%0D%0AThe second floor villa is 337m2 plus a veranda which is 550m2. This floor can comfortably accommodate eight guests%2C the living room features two large sofas and an arm chair.%0D%0A%0D%0AThere is a Welsh antique dresser%2C hand painted credenza%2C antique Persian rug%2C cable TV%2C CD player%2C DVD player%2C and art pieces collected from around the world. %0D%0A%0D%0AThe dining area has natural suede dining chairs%2C and a table that seats eight guests. The gourmet kitchen is fully equipped and features a central island with a six burner Wolf Range%2C stainless steel refrigerator%2C microwave%2C built in oven%2C and a dishwasher. The counter tops are made of gray speckled corian and the cabinets are custom made of bleached oak. %0D%0A%0D%0AThe brand new pool is exquisite with two sundecks and an infinity edge. The pool is 12 x 6m with the deepest part 2m. There are lounge chairs with cushions on the 2 decks and patio. The view while swimming%2C sunbathing or relaxing is incredible. %0D%0A%0D%0AThe pier is close to 100m long. At the end of the pier you can swim in the sea which is 2-3m deep on the south side and shallow on the north side. You can also snorkel%2C sunbathe%2C fish or relax in the hammocks under the palapa.%0D%0A%0D%0AThere are lounge chairs and we also have fishing rods which you may use. Any tours you may take the guide will pick you up and drop you off right at the end of the pier. There is an outdoor shower for your convenience when coming in from a swim or returning from any water sports. %0D%0A%0D%0AFeatures %0D%0ABalcony%0D%0ACable/Satellite TV%0D%0ADishwasher%0D%0AGas Range%0D%0AMicrowave%0D%0APatio/Deck%0D%0AWasher/Dryer%0D%0AWaterfront%0D%0A %0D%0A La 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%0A%0D%0ACash%0D%0A%0D%0A%0D%0A%0D%0A%0D%0A%0D%0A%0D%0A%0D%0A

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