FAQs

We’re here to help answer as many questions as we can. We’ve combined a list of our most popular topics and questions for you. If you still don’t find what you’re looking for, please contact us with any questions you might have!

  • Yes, the Villas at Cocoplum are whole ownership purchases and it is a fee simple transaction. As an owner of real estate in Belize you will hold full deed and title.

  • Yes. The Villas at Cocoplum offers a rental program where you will receive 50% of the net revenues. Other high-end resort communities in Placencia, Belize are enjoying exceptional occupancy rates and we anticipate the Villas at Cocoplum will also be a very attractive rental program in Belize.

  • Belize is pretty much a cash market. Local banks are not efficient to process mortgages and US banks will not issue loans for Belize property since the market is too small for them to justify the large overhead expense. Some elect to take out a home equity line of credit on other properties they own in North America. We are working on developer funded financing and we hope to have internal financing available in late 2022.

  • You should plan to have insurance on the personal property contents of your condominium such as furniture. The structure of the building and your condominium is insured through the home owners association’s group insurance policy and is covered in your monthly HOA fee. The structural insurance covers fire and all natural disasters including flooding, hurricanes and more.

  • Naia Resort & Residences (formerly “Cocoplum”) is a master-planned, 224-acre resort development. Currently we have almost a mile of Caribbean beach, the Naia Resort & Spa, the 1981 restaurant, a world-class spa, miles of paved roads and a planned boat marina.

    Owners at the Villas at Cocoplum will have access to all of the amenities and services available at the master-planned development. While some components may require additional fees, you will enjoy the benefits of living within the most complete community in Belize.

    Owners at the Villas at Cocoplum will have access to all of the amenities and services available at the master-planned development. While some components may require additional fees, you will enjoy the benefits of living within the most complete community in Belize.

  • All condos are fully furnished down to the bath hand towel and kitchen fork. We provide a true turn key home. You can move in and fully enjoy your new Caribbean beach home the day we close.

  • There are no restrictions on foreigners buying real estate in Belize. In fact you’ll find the process to be as simple as purchasing in the US or Canada.

  • Zero. There are no capital gains taxes for selling real estate in Belize.

  • The buyer pays a Government of Belize (GOB) registration fee called the “Stamp Duty” on the sale of real property in Belize, of which the first $10,000 (USD) is exempt. This ‘stamp duty’ is equal to 8% of the property value, which is normally the purchase price. When a property is sold furnished, the value of the personal property (furniture, appliances, art, etc.) is deducted from the value of the property and it is upon that reduced amount on which the Stamp Duty is based. This is a cost-saving tool that we utilize for the benefit of our clients and it can save you a few dollars (every penny counts!). All our condos are fully furnished and ready for immediate occupancy and enjoyment. The buyer also pays 100% of the closing costs. These fees typically include title search and opinion, escrow, title certificate, registration, payments of taxes and government fees and disbursements. Some buyers utilize a Belizean attorney for the closing and we have negotiated rates with law firms within our sphere of influence for only one percent (1%) of the purchase price; most charge 2%. We also utilize the services of a very successful closing company, in lieu of an attorney, which will close real estate transactions for a fixed fee of $4,000 (USD). There are no additional fees.

  • Even though we are located in Central America, Belize is an english speaking country. That means that all negotiations and contracts are done in English.

  • Yes, there are no restrictions on the resale of your Villa.

  • Belize is perhaps one of the friendliest and most open destinations you could find. The official language is English. They have a fixed exchange rate of $2Bz to $1 US. Belize uses the same outlets and voltage as in the US. Belize is part of the British Commonwealth and has a stable government who has made a very visible commitment to tourism and development.

  • Both! We have completed units available for purchase and we are accepting contracts on pre-construction units.

  • You will find the prices here to be very competitive with the rest of Central America and the Caribbean. And within the Placencia area, the Villas at Cocoplum are also very competitively priced. Very few active tourism destinations in the Caribbean will provide Caribbean beachfront condos at our prices.