Top 5 Comparison Costa Rica VS. Belize Real Estate Market

Will Mitchell breaks down some of the key differences between Costa Rica and Belize from a real estate and relocation aspect. Everything from taxes, ownership rights, cost of living to the rental market is explained in this video. If you're looking at places like Ambergris Caye, San Jose, Tamarindo, Caye Caulker, Limon, or San Igancio this is the best starting point.

[@WillMitchellBelize]

Thank you for watching and following along this year everyone! If you'd like to see more Belize content click here to subscribe: kzbin.info

[@MegaBuyer]

Awesome video! No fluff - comprehensive! Thank you for valuing my time.

[@WillMitchellBelize]

Thank you for the comment and watching!

[@taralavoie3423]

Excellent info. Thank you Will. We're panning on a research trip in the next few months. This was very helpful.

[@RandysWorld]

Was waiting for this one 💯💯

[@js4457]

Hey Will,Thanks a Million for sharing your grate Real State Belize experience In a clear interesting, Entertaining and Pro way!!!

[@dominiklehnert7265]

Really valuable information, thank you Will!

[@WillMitchellBelize]

Thanks Dominik!

[@Billyzion3]

Very well explained , good job!!!

[@WillMitchellBelize]

Thank you very much!

[@brucefiset5736]

Thanks for the info ,much appreciated

[@Ty2Tito]

The flight time is almost the same from NY to Costa Rica is around 4:40 hours. From NY to Belize is 4:30 hours.

[@thedatasage]

Thanks for sharing this information. The comparison between Belize and Costa Rica was interesting. Hopefully things work out fine, I’ll visit Belize next year. I’ll definitely get in touch with you.

[@WillMitchellBelize]

Thanks for watching, Dwayne! Hope to meet you soon.

[@julzgatfpv]

great content! i really want to make a property purchase in belize in the near future

[@czapskibusinessgroup]

Solid video man. I didn't realize how much taxes were in Costa Rica.

[@WillMitchellBelize]

Really appreciate it! Thanks for watching

[@davidmostek5486]

Awesome video! VERY good content!

[@WillMitchellBelize]

Thank you very much, David!!

[@brandonwoodley5198]

Wow. Beautiful city and wonderful video.

[@natashadacosta7474]

Great content Will, as always. Appreciate it!

[@WillMitchellBelize]

Thanks so much, Natasha!!

[@rapidresponserepairllc.man9552]

Will Chris from your office is a great great guy and an asset to your business.

[@prestonwright5561]

Great presentation. I have looked at both countries for retirement. Still need to do a few things before I can move/visit.

[@WillMitchellBelize]

Thank you very much, Preston. Happy to help however we can

[@mohammedislam7005]

Thank you for the excellent video, comparing other island to Belize!

[@WillMitchellBelize]

I'm glad you enjoyed the video and found it helpful!

[@larrybinder3389]

Your videos are great. Very informative. Could you do a comparison with Manta, Ecuador.

[@WillMitchellBelize]

Larry, Much appreciated thank you for the kind words and following along!

[@wolfgangfranke2752]

Thks a lot for this informative video. best regards from germany.

[@WillMitchellBelize]

Thank you very much!!!

[@littlesarahautism9787]

As a Belizean there's so many things I just learned from this video that I had no idea of thank you so much. I Can't wait to back to BELIZE love the US but buttt BELIZE IS WHERE IT'S AT FOR ME. I'm going to have to sell my car for a golf cart that's the only part I don't like LOL

[@WillMitchellBelize]

Belize is the best!!!

[@breath3easy.]

my entire family is from Belize maternal and paternal. im first generation American. America is cool but Belize has my heart.. I will be relocating aswell. A Belizean artist Mohobub seh "noh sell you land fi nothing even if you hungry and starving. eat up some ah dah ital food!" lol No place like home baby.

[@howardmappell3662]

U Tmm7mm

[@edrubio3952]

Excellent Video and you have peaked my interest. I own in CR and have been to Belize so this was particularly important as I am contemplating a move. As far as your rental comparison, I don't agree with comparing Ambergris Caye with SJO even though you did indeed mention coastal rental markets in CR. I hope to talk to you soon and keep the videos coming.

[@WillMitchellBelize]

Thanks for the feedback, Ed! If you ever have any questions about Belize feel free to reach me at [e-mail] and I'm more than happy to help.

[@rodvarmo]

Yeah tourists usually don't stay in San José

[@jetplane10]

Me too 😂

[@stevehulford]

Great video. Although comparisons Ambergis Caye to San Jose is apples to oranges. If you wanted to compare San Jose it would be to Belize City. Keep up these videos !

[@WillMitchellBelize]

We are working on some new comparison videos to update locations thanks so much for the comment Steve!! Really appreciate the kind words!!

[@SatWiseJanx]

Very useful. Thanks

[@WillMitchellBelize]

Thank you so much!

[@grayisthenewblonde]

Please revisit Covid recovery for Belize. Ty for your valuable info.

[@TombstoneDaDeadman]

Thank you so much for this! If you haven't already, I would love to see you compare Belize to Panama

[@WillMitchellBelize]

Absolutely! We have it on the list.

[@danawc5595]

Really would like that

[@mariadavis3797]

You can’t compare Amber Key which is a vacation destination to a capital city like San José which is not a tourist destination.

[@Solar-Busters]

After seeing the news today on Bloomberg that Belize had to refinance 553 million in debt, something has to give in the way of taxes & real estate because tourism isn't going to pay off t hat debt, especially after Covid 19 & I've been told by a local on the mainland that as of October 2021, tourism still hasn't come back ? So, whats going to happen with all this government debt ?

[@blisslove3758]

What are the options? Just curious to understanding this and if it’s a good decision to move there

[@waynebaker5720]

Taxes will possibly raise and if so it'll be from investors probably first

[@WolfF2022]

Per capita a bit above 5000 dollars debt, in comparison in the EU every citizen has a debt of over 31000 dollars for 2021, for later I have no data but should not differ so much.

[@miketrusky476]

Here for 7 years, last year was a banner year the GOVERNMENT is doing GREAT, TOURISM IS ALMOST 50% OF THE ECONOMY. The Boom is on, new roads and a ton of new people from all over the world.

[@seandelaney1700]

That is super helpful to keep an eye on, as indeed it is likely to become a problem for foreign owned holders.

[@seandelaney1700]

Many people have complained to me about the high inflation in CR, sounds like Belize is cheaper than them now, which is a big change. I am surprised by the unusually large visa fee. I look forward to a return when you get more applicable data from any CR coastal place rather than rarely visited San Jose.

[@WillMitchellBelize]

It's interesting to compare the cost of living in different countries. Thanks for sharing your insights!

[@PainInTheGrAssPetWasteRemoval]

Hey Will great video....I have a question about getting residency through the $250,000 investment way....So i purchased a piece of land for $60,000...Lets say i build my house and it cost me $190,000 to build (hypothetically of course)...Does that qualify??..Or does it have to be $250,000 all in one shot on a single transaction??

[@jmpabloche]

now it's 150 000 USD ! ( land, house, cars, .....)

[@PainInTheGrAssPetWasteRemoval]

@@jmpabloche Wow, really??…They lowered it 100k down to 150 ??…That’s great!!

[@jmpabloche]

@@PainInTheGrAssPetWasteRemoval for Costa Rica 🇨🇷.

[@PainInTheGrAssPetWasteRemoval]

@@jmpabloche ahhh, gotcha !

[@bajajoepoker]

Thanks for the analysis. Considering becoming a part-time resident of Belize. Thinking about driving a 22’ motorhome through Mexico to Belize. So I appreciated that too. For Baja there is a travel group that really knows what’s up (Vagabundos Del Mar) do you know if there is anything similar for Mexico + Central America?

[@WillMitchellBelize]

Hey there! Thank you very much for watching. Not 100% if we have something like this here. Sounds really cool though

[@bajajoepoker]

@@WillMitchellBelize will call them and ask if they know and will post their answer here. 👍🏻

[@danielcruz1237]

Great information. Do you have anything on Belize vs Ecuador?

[@WillMitchellBelize]

Hi Daniel, We do have some details on that if you send me an email [e-mail] I am happy to provide it

[@stevebuchanan4806]

Good Job

[@EveryFurtherMile]

Great info! Thanks! Q: So that's $200pp? We are a family of 4 (2 kids). So we'd have to pay $800/month?

[@WillMitchellBelize]

Thanks very much! Yes that is correct it is pp. There are ways to get residency and not pay that through the temporary investors residency program which the government recently put in place as well!

[@rapidresponserepairllc.man9552]

Will do a comparison against Panama

[@WillMitchellBelize]

We can put that together no problem!

[@aishaharris9563]

Would love to see a comparison to Panama. Bocas Del Toro specifically

[@WillMitchellBelize]

We can make that happen 😄

[@russcollar5353]

@@WillMitchellBelize Yeah that would be interesting. Thanks Will!

[@jeffreychatman3046]

Great infro Will. My wife and I are researching retiring in Belize, and we're wanting to know about buying land there, and building a home there, and how expense is it to build a concrete home? Also, the safety factors are a concern for us considering that Belize is near Honduras, it would be great to see something on this. We came across your KZbin videos and appreciate the time you put into them, we would like to reach to you once we decide to get started with our plans, so please provide us with your contact information we have many questions to ask.

[@WillMitchellBelize]

Hey Jeffrey thanks for the comment. If you shoot me an email at [e-mail] I can answer all your questions!

[@tooshay7396]

if you want to buy the land and build. . they do have modular andmodern prefab homes too (NOT manufactured!) as another optio . Cayo district is popular for retired americans. There is a 16 mile peninsula further south to explore too. . Placencia in southern Stann Creek district

[@jeffsaltzman7909]

What would a small, modest home cost on ambergris caye?

[@sehunlimitedsonyahoward1165]

What about medical insurance, facilities, what is daily life like.

[@TheodoreHowse]

Just subscribed. Great video. I’m interested in buying land in Belize next year. What’s the best way to reach you?

[@WillMitchellBelize]

Hey Teddy thanks so much for watching and subscribing. I really do appreciate it! If you email me at [e-mail] I will get back with you asap

[@fredmeck3919]

Will, in your comparison of Costa Rica vs. Belize you omit one very important metric. Health care. Any one considering retirement or moving to either location would rate accessibility to quality healthcare important. Also, try comparing Ambergris Caye and Manuel Antonio or Guanacaste regions of Costa Rica.

[@WillMitchellBelize]

Good feedback we can definitely make that happen

[@russcollar5353]

Thanks that was an excellent presentation. Maybe compare Ambergris to Jaco. San Pedro to Ambergris to Dominical CR?

[@WillMitchellBelize]

We could definitely put something like that together.

[@russcollar5353]

@@WillMitchellBelize thanks

[@russcollar5353]

Do you have a real estate business I can link to?

[@markdecker2724]

Hey Will. I just ran across you channel a few day ago. Wondering if you could direct me to find out if one retired person could live on about $2,000 US Social Security per month? Thanks for your time, really enjoy your information.

[@WillMitchellBelize]

Hey Mark, it would be possible you'd need to pick a location where cost of living is lower I recommend looking at the Cayo district

[@jetplane10]

I was in Costa Rica Will 🙂

[@ElizabethSmith-ui5ts]

Do you assist with long term rentals or just investments ? Ty!

[@WillMitchellBelize]

Hey Elizabeth, we can help with both! Shoot me an email at [e-mail] and I'll have my team help!

[@pharri10]

I would LOVE to live in Belize. I am a hard working, low maintenance, drug and alcohol free, no problems ever with the Law kind of guy.

[@WillMitchellBelize]

You would love it here, Phillip!

[@bounmaisabelle2280]

We are thinking moving out there.

[@WillMitchellBelize]

It is a pretty good move if you ask me!

[@aishaharris9563]

I’m curious why you choose San Jose as they’re two completely different terrains

[@johanswart1730]

BRILLIANT ANALYSIS,VERY HELPFULL.SIR.COULD WE PLEASE ASK YOU TO DO SURINAME,GUYANA,PARAGUAY AND BOLIVIA..FROM SAFETY,PROP RIGHTS,OFF GRID COMMUNITY LIVING SECURING FARMING POINT OF VIEV..LOW CRIME TOO..END DAYS PREPPING HOMESTEADING PROS CONS ANALYSIS PLEASE SIR..IF THERES ONE PERSON WHO CAN DO IT PROFESSIONALLY. ,ITS YOU..PLEASE REMEMBER YOUR 613 COMMANDMENTS..LOVE U ALL

[@WillMitchellBelize]

Thank you, John!

[@Caveman007freelancer]

Will the fee for renewal is now 200usa for an extra 30 days? It used to be 25 usa? That’s kind of expensive for a family to pay that for a year till they get the permanent residency.

[@WillMitchellBelize]

Great question, the fee is $200USD/ month

[@genex2freedom346]

@@WillMitchellBelize Is this per family or per person? What about a family with 1 adult and under age children?

[@DavidPerez-bc7yk]

you could spend that on food alone in the u.s

[@russcollar5353]

If that seems expensive you have no business looking at moving there. That is chump change in the bigger picture. Focus on what you can afford

[@seandelaney1700]

@@russcollar5353 To be fair, it is much more expensive than any country I have visited, it is a legit concern.

[@PhoenixwayNet]

CR does not charge tax for permanent residents for income outside of CR...not sure why you got that wrong. Both countries are territorial tax countries.

[@zamori1013]

Please do one on Curacao

[@WillMitchellBelize]

We can make that happen

[@JS-jh4cy]

No volcano 🌋 to ruin your place in the next 15 years like in Costa Rica

[@craigwaters6920]

Hello Will, My fiancé and I are thinking of going down in December to look at possibly buying a piece of property to rent and possibly move down in a year, maybe two at the latest. Do you have a way that we could get a hold of you?

[@WillMitchellBelize]

Hey Craig, thanks for the comment. Please email me at [e-mail] and I will get in touch with you asap!

[@bygeorge5152]

we would like to buy farmable land for a homestead and have a small buget to work with. I would like to know where to buy and what I could afford!

[@travelingdetector7332]

Hi will I'm now here in Belize San Pedro ramones village.. be happy to meet up and check out secret beach..

[@WillMitchellBelize]

Hey Tony, please send me an email and we can line something up! [e-mail]

[@raymondjiang9385]

Thanks for the information. btw. How is about medcial and education? Thanks again.

[@WillMitchellBelize]

We can put a video together on that!

[@raymondjiang9385]

@@WillMitchellBelize Hi will, Thanks for reply. i will send you email about my idea.

[@user-ew2ju3gr6v]

Wow, $200 to extend a tourist visa 30 days is a bit steep especially if you are traveling with a spouse or significant other. $4800 per year.

[@seandelaney1700]

This shocked me as well.

[@mrmikecebu]

SHOPPING MALLS? WITH A/C?

[@tallymay7407]

I've been to both Costa Rica and Belize, and I'm still team CR all day, even though Belize is much cheaper

[@WillMitchellBelize]

They’re both great places to be!

[@jetplane10]

Compare coastal spots like Jaco, Quepos, Manual Antonio and Uvita for Costa Rica Will, where ex pats hang San Jose would be 80+% Costa Rican, I'd expect,it is a shocker of a place too

[@reefhound9902]

I noticed that. You can't compare a coastal vacation area to a central urban city.

[@jetplane10]

@@reefhound9902 yes but when people don't knoq Costa Rica, it is understandable to make the mistake of comparing grapes with cabbage

[@jonathanmora5608]

Will, as a Costa Rican resident , income generated outside of the country is tax free.

[@georgescharles3417]

How about a comparison with Punta Cana - Dominican Republic? It's supposed to be a hot market for tourism

[@WillMitchellBelize]

Hey Georges, we can definitely make that happen!

[@chrishalter6106]

Have you looked at how residency impacts families. Children, spouse etc. Does everyone need a work Visa? Who is exempt?

[@WillMitchellBelize]

Hey Chris, we can make something to speak to this and get you all the details!

[@anthonydavid7335]

How about Belize vs Brazil

[@expat8460]

Thinking of Belize vs Guatemala.

[@WillMitchellBelize]

We can make that happen!

[@donnaabateholmes]

What about comparing to Guatemala?

[@WillMitchellBelize]

We can make that happen

[@shelleyboland5586]

Good information but the comparison of Ambergris Caye and San Jose is not apples to apples. San Jose would be like Belmopan. Those are the business & government centers. Ambergris Caye and the Guanacaste region would be more similar.

[@WillMitchellBelize]

Fair point we could run this one back!

[@protofran6301]

Hello qu'elles sont les lois au sujet des vaccins covid au Bélize ?

[@WillMitchellBelize]

Salut, tu n'as pas besoin de vaccins pour quoi que ce soit au Belize.

[@lesbennett5206]

Please compare Belize to Colombia

[@WillMitchellBelize]

Hi Les, thanks for the comment. I actually just got back from a Holiday trip in Colombia so I think we could do a great comparative analysis. We will work on this!

[@sulaymanbarrow7369]

U can't 2 totally different dynamic

[@niquelamar7973]

Can I come work for you guys??! Tell me me what I need to do!!!

[@Bill-dj9hv]

You do not pay income tax on foreign income in Costa Rica. I am a long time permanent residentes of Costa Rica.

[@kimjacques5575]

Do the locals really want Canadians relocating in Belize. My husband and I would love to retire in Belize and don't want to expose on the locals if they don't want us there. We have heard and seen videos on u tube. Are Canadians safe in Belize?

[@WillMitchellBelize]

I am Canadian and I have never had any issues. Would say its significantly more welcoming than Costa Rica and I've personally lived in both

[@jonathangilman6981]

First comment

[@WillMitchellBelize]

Speed

[@chadpage7019]

Will. I think im going to try to move to Belize and get away from this 🍌 Republic that use to be a great country. Could u get back in touch with me for correspondence? Or do I get in touch with the remax island reality? This is a serious enquiry..ty

[@WillMitchellBelize]

Hey Chad, sorry for the delayed reply to your comment. Please email me at [e-mail]

[@chadpage7019]

I will get in touch in the future Will. I feel im ur biggest fan.. Ur videos are very comprehensive and informative.. I was going to drive down.. But like u.. I love my dog and it seems quite tough to get ur dog down without flying. Also u have the Dodge the cartel in south mexico.. Then if u mk it u have to buy insurance at the border to cross into central America.. I want to be down there and investing. I just don't want to come without my truck. Yes I realize only golf carts on the island. But wanted to be able to go see the Mayan ruins. And do other things. Instead I bought a house in Tennessee mountains. But I will be getting in touch in the future. Ur doing a great job dude! Very happy for u. Mean that! And I will be looking to invest in the future.. God bless u Will

[@DavidPerez-bc7yk]

THAT'S RIGHT BELIZE LIVES UNDER THE BRITISH FLAG

[@thebestbelizeantiktok425]

Compare Belize to Jamaica

[@rodvarmo]

It's also easy to obtain work permit in Costa Rica if you are a skilled worker or are going to invest in the country... Costa rica has free trade with most of the developed world. San José is not top for rentals. Tourists usually skip San jose and don't stay there

[@WillMitchellBelize]

Both great places for sure

[@keykey7959]

Is total # of tourists even a valid metric? I feel tourists per capita makes more sense.

[@WillMitchellBelize]

In a tourism economy it is definitely a metric we value but you can pull the things you feel are important from the video and look at those!

[@brianbrown-cv5qd]

Sweet belize❤

[@WillMitchellBelize]

The best of the best!!

[@familyfun8642]

Background music = Distracting.

[@ronheinemann1137]

Excellent comparison but I didn't hear about housing prices for both countries.

[@WillMitchellBelize]

Hey Ron, we can do a more in depth look into housing

[@tooshay7396]

belize needs to allow iboga and psilocybin retreat/treatment ceremonies like costa rica and mexico does

[@DavidPerez-bc7yk]

there's no comparison we live under the British flag Belize that is I don't like the republic laws at tall I rather be under the British flag forever

[@mariadavis3797]

You wouldn’t be saying that if you were in canada under Trudeau.

[@souschef4489]

Are there any gun rights in either country???

[@WillMitchellBelize]

I can get you more detailed info on this if you email me at [e-mail]

[@tidy]

I would rather choose Costa Rica over Belize, but Costa Rica is expensive.

[@WillMitchellBelize]

It’s always give and take

[@hermanpeters549]

No military in Costa Rica

[@hermanpeters549]

Since no military in Costa Rica they put more money in education

[@Bill-dj9hv]

Nonsense.

[@Caveman007freelancer]

They erase the 2000 usa retirement income to 2500 usa? That’s impossible for retired couples.

[@The_Phill_A_Blunt]

I’m pretty sure retirement qualifications are are higher than that 1000 a month no way, I thought it was 2000

[@davecote4817]

Hi You cannot really compare Ambergris Caye to San Jose, for comparison you should compare Belize City to San Jose and maybe Jaco to Ambergris Caye

[@The_Phill_A_Blunt]

Belize taxes money made abroad also

[@larryyeadeke2953]

Speak Spanish? Belize is for me.

[@WillMitchellBelize]

Haha I agree Larry

[@dennis771]

Prefer Belize. People choose costa rica due to woman

[@jenniferfeliu7905]

Changing my picture then off to my no shot non alcoholic assignment for me and my child google spies one way or another just like they connecto to youtube In an instant you have no choice publish for free

[@The_Phill_A_Blunt]

🤦‍♂️ keep doing homework and don’t stop doing what you are doing but not accurate