Bank financing for the foreign real estate buyer is basically impossible, and very expensive at best. Financing through the seller is sometimes possible, usually with a 10 to 20 percent down payment and a 10 percent interest rate for 10 years. Currently, property transfer taxes are at 10 percent, and attorney fees usually equal 2 percent, including miscellaneous expenses. The buyer usually pays around 12.5 percent for closing cost, based on the total purchase price of the real estate . Belize has no capital gains tax.
Property taxes depend on the type of property and start at one percent of the assessed value.
Medical care is limited. Doctors and hospitals often expect immediate cash payment for health services. U.S. medical insurance is not always valid outside the United States. In some cases, supplemental medical insurance with specific overseas and medical evacuation coverage has proven useful. For additional health information, travelers can contact the Centers for Disease Control and Prevention's international travelers hotline at tel.