Who is BREA?
The Belize Real Estate Association (BREA) is the national association for Belize’s real estate industry, formed in 2026 through the merger of the Association of Real Estate Brokers of Belize (AREBB) and the Belize National Association of Realtors (BNAR). BREA represents brokers, agents, developers, attorneys, surveyors, appraisers and other real estate professionals nationwide under one code of ethics and one unified voice.
What was AREBB?
The Association of Real Estate Brokers of Belize (AREBB) was formed in January 2006. It represented brokers, sales associates, developers, attorneys, consultants, surveyors, appraisers, and other professionals across the industry, and worked directly with the Government of Belize on issues such as stamp duty and the development of the Real Estate Bill governing licensing for brokers and agents.
What was BNAR?
The Belize National Association of Realtors (BNAR) was chartered in 2006 to represent and advance Belize’s real estate professionals through education, networking, and advocacy. BNAR offered members access to an international Realtor® membership and resources through its affiliations with major international real estate organizations, and was organized around subcommittees covering Membership & Finance, Legislation & Advocacy, Education & Certification, and Public Relations & Events.
Why did AREBB and BNAR merge to form BREA?
AREBB and BNAR were both founded in 2006 and spent nearly twenty years working in parallel toward similar goals — raising professional standards, advocating with government, and supporting Belize’s real estate industry. In 2026, the two associations merged to form BREA, consolidating two decades of experience and credibility into a single national body with one code of ethics, one directory, and one unified voice: One Profession. One Voice. One Future.
What happens to my existing AREBB or BNAR membership?
Existing AREBB and BNAR members in good standing are being transitioned into BREA.
Buying & Selling in Belize
There are many ways to take title, the usual (and in order of assurance) are:
- The registered land title
- Transfer certificate of title
- First certificate of title
- Deed of conveyance
This is a subset of the registered land title system. It applies only to self-contained units, usually of at least 2 units or more. The developer applies for this type before selling, and the owners’ association is created, known as a “strata corporation.” These also attract “common area” rights.
A root of title search is always recommended. This is to vet the lands register for charges, reservations, encumbrances, and liens. It is incomplete if a court search is not also undertaken, and if it is not reviewed in light of possible equitable interests such as a spouse not on title or inheritance anticipatory gifts.
It is recommended that the buyer ensures a reputable attorney or closing company is handling the closing and due diligence part of the transaction.
It is customary that properties are listed and marketed in US$ but you will also find properties priced in Belize Dollars (BZD).
Yes, local financing is available for locals, however financing for foreigners will vary. Please consult your BREA real estate agent to discuss this process with you.
- Research and use a reputable broker — BREA offers a directory of member brokers.
- Once confirmed with a broker and a property is chosen, the agent will draw up a contract to purchase, which must be secured with a deposit.
- A typical closing normally takes place between 30 and 60 days.
No. US property law is significantly different from British property law, on which Belizean property law is based.
Yes, it is possible but will take time and in-person visits. You will need:
- Your US bank reference letter
- Copy of passport of each individual or director of a company
- Confirmation of address, or the address of your company’s registered office
You can also open a US$ account through one of Belize’s offshore banks.
No, you don’t need to be in Belize, though it is advisable to view your property. The golden rule when buying or selling land: use a reputable BREA broker who will act as your agent.
Property taxes are very affordable. Rates vary based on a classified system, with the main variable being whether the property is urban/city or rural.
Comprehensive all-perils (including hurricane) insurance is available on buildings and structures through local insurance companies, who are re-insured through US and European carriers. Rates run from about 1.5% for concrete structures to 2.5% for wooden structures. Deductibles are normally 5% of the sum insured for storms, and less for fire.