It was not so long ago, perhaps 2 or 3 years that foreigners had to pay the GOB 15% of the purchase price on land transactions as a tax, they reduced that to 5% perhaps they know something you don't. Locals only paid 5%. Perhaps one of the real estate brokers can explain why they changed that tax. I also spent about $300,000 US to buy my property and build my house. That's more than most tourist spend in a lifetime of vacations to Belize. All that money was spent in Belize and employed Belizeans. I think I've done a reasonably amount to improve the local economy.