The country of Belize allows the purchase of property even by non-citizens and non-residents. That means that virtually anyone can buy and own property from Belize so long as you meet the financial and property-specific requirements. Belize is an emerging market with plenty of room for development. When you buy land in Belize, you own the property outright with a fee-simple title and full foreign ownership. You also have the added benefit of low property taxes and low cost of ownership. Ambergris Caye — the most popular Belizean island for tourists and one very close to the Belize Barrier Reef Belize Property For Sale — charts housing prices at over $100 per square foot, but that number plummets to around $75 per square foot in the town of Orange Walk.