Matura King Room M008, Kimpton Kawana Bay
There are many benefits of purchasing property in St. Kitts and Nevis. Both Caribbean islands offer excellent opportunities for purchasing a retirement home, holiday property, investment property or economic citizenship.
Foreign ownership of property is allowed in St. Kitts and Nevis. There are two ways of acquiring property: through holding an Alien Landholding Licence and through economic citizenship
Why is purchasing property on St. Kitts and Nevis so attractive?
With its amazing natural beauty, white sandy beaches, attractive landscape and laid back atmosphere as well as a vibrant culture and rich history St. Kitts and Nevis is a perfect location for an idyllic Caribbean stay. All this, combined with the economic citizenship program, stable government and economy make St. Kitts and Nevis extremely attractive for foreign owners.
Property Prices in St. Kitts and Nevis
Property in St. Kitts and Nevis has been resilient through the economic downturn, with prices supported by the citizenship by investment option. This creates an extraordinarily stable and resilient real estate market compared to other countries, making it a safe option in which to invest funds.
Property Purchase Costs
There are purchase costs involved when purchasing property in St. Kitts and Nevis.
Total costs incurred by the buyer total around 11.5% – 13% of the property purchase price.
Stamp duty is payable, however this is paid by the seller.
Overseas investors mostly still pay cash for their purchases, however banks do offer financing to non-residents. The maximum loan to value is usually around 60%, with loan terms of 15 years. Mortgage interest rates are typically tied to the US prime rate or LIBOR.
Benefits of purchasing property in St. Kitts and Nevis
As Caribbean property and real estate specialists, Select Resorts Properties are proud to sell exclusive St. Kitts and Nevis luxury property opportunities – in a selection of hillside apartments, beach front apartments, poolside residences and individual villas in some of the best resorts on the island including Christophe Harbour.