Buying Into In Caribbean Real Estate PDF Print E-mail
Written by Simon M Skinner   
Friday, 17 July 2009 15:28
There are people who dream of living in an island paradise and then there are people who buy an entire island to become their playground. Think Mel Gibson. Well, since you are neither one of the two, you can invest in real property in the island paradise of Antigua in the Caribbean!
by SimonMSkinner


There are people who dream of living in an island paradise and then there are people who buy an entire island to become their playground. Think Mel Gibson. Well, since you are neither one of the two, you can invest in real property in the island paradise of Antigua in the Caribbean!

What You Can Get

Since there is only so much land available, it is important to purchase some of the highly desirable land in Antigua while you still can. Just about anywhere in Antigua will give you incredible views so there should not be a problem in finding just the right land for you and your family.

And we are not just talking about nature in its most beautiful incarnation either because even God?s own images in Antigua are beautiful! You will see proof of this statement during the Antigua Carnival where men and women in various states of undress shake their booty to hypnotic African music.

What You Pay For

The cost of the property that you look at in Antigua will depend on one thing normally and that is location. But that is just like anywhere else in the world as the location of the property is always a large determining factor in the cost of the land. Things such as the architecture styles of the house and how spacious it is will also play a contributing role in the cost of the purchase.

Expectedly, you have to pay for government-imposed fees related to real investment property. As buyer, you pay for the Alien Landholding License (5 percent of the property value), legal fees (1 to 2 percent) and stamp duty (2.5 percent).

Once it is all calculated together you will be looking at spending up to an additional quarter of a percent of the property value, on top of the purchase price of the property. If you are shopping on a tight budget, that is something that you will want to take into consideration. And remember, paradise does not usually come cheap.

What You Need To Do

Even though it may start to sound like a lot to deal with, investing in property in Antigua really is not too complicated, especially since the government welcomes foreigners to purchase land.

However, being an alien from another planet, er, country, you need to secure an Alien Land Holding License before you can proceed with the purchase. It will take at least 3 months to process so in the meantime, take your holiday in one of the island?s many rental villas.

You may ask why Antigua is being promoted as a real property paradise investment haven, not its sister island of Barbuda. One reason: The government prohibits the sale of even a single rock in Barbuda!

Also, keep in mind that government being as it is anywhere in the world, the laws on buying real estate can be confounding to the average investor. You are better off hiring a property management service company that will handle the details and documents of the purchase.

Now that you have the house you have always wanted in your own little paradise, the next logical step is to begin to enjoy it!

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DISCLAIMER: This article is provided as information only and is not to be taken as financial advice.

Antigua real estate listings. Properties and villas for sale land for sale and luxury villa rentals are available across the entire island of Antigua.