Guatemala Real Estate - You might just be interested in real estate if you are nearing Social Security retirement age in the United States. There are a lot of reasons one might be interested in buying property here. Your retirement dollar will go a lot farther plus the medical care is said to be adequate so as you get older, you pay much less for medicines. Some countries have laws and restrictions over how much property a foreigner can own so let's explore Guatemala's laws a little.

The laws in this country concerning foreign ownership of real estate are favorable. A foreigner can own land here but it cannot be next to a border, coastline, or a river. Inn an effort to provide incentives to foreign investment in tourism, Guatemala has certain designated tourist zones. If investment is done by a foreign business in these zones then the money earned because of it can be tax free. These same investors can also transfer their profits back to their home country without restriction too.

If you just want to settle here and retire, all you need is your passport. Some foreign countries require that you have a foreign partner in order to own land but no foreign partner is required here. Some are concerned of possible political instability but Guatemala has not had these problems for quite some time.

When you do buy real estate , take care that you confirm the land you are buying has clear title. In a country where poverty occurs quite frequently, be aware that you may run into a situation where there are squatters on a property you are considering buying. This country does not have squatter's rights like some other countries but you might run into difficulties if a situation to enforce your rights occurs. Do not try to enforce your Guatemala real estate property rights yourself but contact an attorney here and if you are fluent in Spanish you might even contact the legal authorities yourself.