Available for purchase and immediate occupancy!
Frequently Asked Questions... Get information about purchasing your affordable luxury condo in the Jewel of Placencia.

OK, why should I consider buying a home in Belize?
1. Belize real estate is “hot”. Some have characterized Belize as the new Costa Rica or compared it to the Hawaii of the 1950’s!
2. It is a world class eco-tourism, beach, sport adventure and retirement destination.
3. It is a peaceful, stable English speaking country with a democratically elected, bicameral government.
4. Taxes are low and there are no property purchase restrictions for foreigners.

What makes the Jewel such a bargain right now?
1. The residences are offered at 2007 pre-construction prices and expressed in US dollars.
2. We have included about US $15,000 of luxury additions and upgrades at the base offering prices.
3. World currency fluctuations have made purchases by most non-US buyers significantly cheaper while maintaining the buying power of US buyers in Belize.

Why Placencia?
Placencia is known as the “Jewel of Belize” for its easy lifestyle, natural beauty, convenient location and broad choice of activities involving the sea, mountain and jungle explorations, fishing, antiquities, reef diving and relaxation.  Learn more about Placencia here....

But why choose the Jewel as my home in Placencia?
1. The Jewel is intimate and owner occupied.
2. It is an affordable, 2 bed-room, 2 bath luxury residential condominium.
3. It is located on one of the most gorgeous waterfront sites in Placencia Village.
4. It is steps from all of the Village’s goods and services.
5. It is engineered to high tolerances of safety and strength.
6. It is designed with pleasing aesthetic qualities, layout, dimensions and light.
7. It is finished with fine local hardwoods, local and imported marble and granite.
8. It is equipped with high quality appliances and mechanical equipment.
9. It is unique in the Village.
10. Water is pumped from artesian wells and is good tasting and safe.

When can I move in?
Available for purchase and immediate occupancy!

What do the units cost?
Ground floor- US $385,000; top floor-US $425,000.

What do I get for my money?
Each unit comes fully and expensively equipped, luxuriously finished but unfurnished. The living space comprises about 1,150 square feet plus 150 square feet of covered outdoor terrace space. All ceilings are 11 feet except in the 2nd floor living and master bed-rooms where the ceilings are cathedral.

What are the purchase procedures?
Your questions related to the location, construction, size, equipment, timing and terms of your luxury condominium purchase will be answered either directly by the owner/developer (click here to contact us) or through the development’s exclusive realtor agent on site.

Are there any restrictions on the purchase of real estate by foreigners?
Foreign buyers and sellers enjoy the same rights and legal protections as Belizeans.

What form of ownership title will I receive as a residential condo purchaser?
You will receive two certificates: a “Land Certificate” or government guarantee of your underlying land ownership; and a condominium “strata title” or separately registered proof of ownership of the specific unit that you have purchased in the building.

Is legal assistance recommended and available to help in my purchase?
While you do not need an attorney to purchase a home in Belize the assistance of an attorney is recommended. Your real estate purchase can be complex and typically involves significant financial commitment. Most attorneys in Belize maintain offices in Belize City and can be found in a telephone directory of that city. They typically charge a fee of 2%.

What purchase finance choices do I have?
Most foreign buyers find that the financing terms and options (conventional mortgages or Home Equity Lines of Credit) available in their home countries are superior to the traditional lending options available here in Belize. If requested, the developer will introduce potential buyers to a local banking source where more favorable terms may be secured.

What taxes and fees can I expect to pay when I purchase my home?
Fees related to property registration and filing usually amount to a few hundred US dollars. At present, all property purchases are subject to a Stamp Transfer Tax of 5% on the transaction value over US $10,000.

What other property related taxes and fees do I need to know about?
Annual property taxes are negligible and no capital gains or General Sales Tax are assessed on the resale of existing homes at present.

Will the property be professionally managed?
We anticipate hiring a property manager to oversee the maintenance, improvement, security and landscaping needs of the owners and manage all rental activities.

When complete what will be the ongoing costs?
Each unit will be assessed a fee of $200 per month to cover property taxes, maintenance and repair, landscaping, reserve additions and management and grounds staff salaries. The management will determine all future assessments.

Are there any other ongoing expenses that I need to know about?
The common areas, structure and contents of your individual homes will be covered by “all perils” (fire, vandalism, wind, theft, etc.) property casualty insurance. The policy will also protect against public liability on the grounds and in your units. We anticipate the annual cost to be US $1,500.

Will I be able to use my stateside appliances and portable electrical equipment in Placencia?
All electric service in Belize is 110v/220v; 60hz as it is in the United States and is plug compatible.

info@jewelofplacenciabelize.com
In the US, call: 866.588.3762
Copyright Joseph R. Garipoli Revocable Trust, 2008