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Saint Lucia is an island nation in the eastern Caribbean with 2 distinctive mountains, the Pitons, on its west coast. It's known for its beaches and reef-diving sites, as well as its rainforested interior with waterfalls such as at Toraille. It's home to quiet volcanic beaches and fishing villages as well as luxurious resorts, and the capital, Castries, is a regular cruise ship stop.

185,000

As with most Caribbean destinations the winter season is the most popular time to visit St Lucia.

The very unwintry weather brings the crowds and jacks up the prices, especially during the driest period from December to March. Winter weather is sublime with average temperatures around 81°F (27°C). Summer is quiet and hot with the July temperatures averaging 85°F (29°C).

Hurricane season falls between June and October – expect more rain this time of year and maybe the odd storm
 

East Caribbean dollar

English

Yes but Foreigners must apply to the Ministry of Planning for an Alien Landholding Licence which costs EC$1,500, is non-refundable and does not need renewing.

The process takes up to 16 weeks as the application is vetted by the Physical Planning Office of the Ministry of Physical Development, Environment & Housing, approved by the Prime Ministers Office and finally by the Office of the Attorney General.

  • There is no requirement that fund to purchase the property must be acquired from external sources. Many local banks offer the option for non-resident mortgages.
  • All financial arrangements and details including purchase price, deposits and mortgages should be in place prior to entering a binding agreement.
  • Purchasers must hire a local attorney to search the register and establish title to the property prior to the sale’s completion.
  • Property passes by conveyance of title as evidenced by the recording of deeds and certified survey plans at the registry of title and the issue of a land register in the name of the purchaser. The land register document is proof of title.
  • Attorney’s fees are approximately 3% to 5% of the sale price of the property, which includes the application for the Alien’s Landholding License.
  • The buyer is responsible for paying the stamp duty on the Deed of Sale and all registration fees.
  • The seller is responsible for paying the Vendor’s Tax, sales commissions and survey costs.
  • Both buyer and seller are responsible for their own attorney’s fees.
  • A 10% deposit is required for payment when signing the purchase agreement. This is a binding contract. The seller’s attorney holds the deposit with the balance payable upon completion of the sale.
  • The real estate agent’s commission is generally 5% of the purchase price.
  • There are various corporate structures available to international buyers purchasing property. This initiative may help reduce some of the associated costs and simplify the process when selling the property.

 

 

information from stluciasothebysrealty.com

Once an Agreement for Sale has been entered the prospective purchaser will be confronted with a 10% deposit, and the cost of purchasing a property of 6-8% which includes Agents Fees, Lawyers and Registration.

Annual Property Tax
5% of the unfurnished rental value of your property, regardless or intent of use.

Stamp Duty
2% of purchase price

Vendors Tax
10% for non citizens or 5% if the property is owned by a local citizen of St Lucia.
There is no vendors tax if the property is owned by a company as you would transfer the shares in the company as a way of transferring the property (rather than by deed of sale). It is therefore best that all foreign clients sent up a local company and to apply for the license in the company's name. When you come to sell, you will be selling the company rather than the property itself.

First and foremost, if you do not live in St Lucia but you plan on doing so, it is important you get a feel of the neighborhoods that exist, which will ease your search process

The general requirements for a tenant are as follows:

-Security deposit to the amount of one month's rent.

-The deposit should be paid the day you decide on renting a property, in order to secure the property for you. One month's rent is to be paid on the day you move in. It is also always important to ask what is included in the rent, i.e. water and electricity charges, cable TV, maid service, phone, etc.

 

 

 

infomation by bluereefrealestate.com

The Agency Fees are generally paid by the Landlord