If you don't get Strata Title for your condominium where the land is registered then think again before purchasing. Share ownership used to be advantageous when the real estate transfer tax was high but now that it's universally low (about 5%) there's no reason to potentially put yourself at the mercy of an unscrupulous developer with ownership of the majority of shares in a company that you're a tiny part of.

When he decides to build a bar or another condo building right in front of your ocean view there's absolutely nothing you can do about it if your ownership is by shares. Unfortunately both of these unfortunate scenarios have happened here on Ambergris Caye.

Last edited by Chris; 09/22/07 12:10 PM.