Friday, July 4

Here’s a comprehensive overview of the real estate sector in Saint Vincent and the Grenadines:


Real Estate in Saint Vincent and the Grenadines

1. Types of Properties

  • Residential Homes – Villas, family homes, townhouses, and apartments.
  • Luxury Villas – Especially in the Grenadines (Bequia, Mustique, Canouan).
  • Vacation Rentals – A growing sector for Airbnb and short-term stays.
  • Commercial Properties – Shops, offices, and small businesses mainly in Kingstown and tourist hubs.
  • Agricultural Land – Common in rural areas, often undeveloped.
  • Beachfront & Hillside Lots – Popular for investors and developers.

2. Popular Locations

  • Kingstown – The capital; mainly commercial and administrative real estate.
  • Villa & Indian Bay – Upscale residential and tourism zones.
  • Canouan, Bequia, Mustique – High-end resort islands with luxurious villas and private estates.
  • Ratho Mill & Calliaqua – Popular residential areas for locals and expats.

3. Foreign Ownership

  • Aliens Landholding License (ALL) required for foreigners to purchase property.
    • Can take 2–6 months to obtain.
    • Fee: 5% of the property value (approx.)
  • Foreigners often invest in:
    • Holiday homes
    • Eco-resorts
    • Real estate developments

4. Costs & Taxes

  • Land Prices: Vary by location. Inland plots can cost as low as EC$10–30 per sq. ft., while prime coastal land can be EC$80–200+ per sq. ft.
  • Property Transfer Tax:
    • Vendor (seller) pays 5%
    • Purchaser (buyer) pays 5% (unless exempt as a local)
  • Stamp Duty: Around 1%
  • Annual Property Tax: Generally low (ranges from 0.1% to 0.8% of market value)

5. Real Estate Agencies

  • SVG Realty
  • Grenadine Island Villas
  • Realtors SVG
  • Caribbean Island Properties
  • Most listings are also found online on Realtor.com, Rightmove, or local agency websites.

6. Growth & Investment Trends

  • Steady growth in eco-tourism properties
  • Interest in retirement homes and second homes
  • Rise in short-term rentals due to tourism
  • Government encouraging sustainable development and foreign direct investment

7. Key Considerations

  • Always verify land titles and boundaries.
  • Work with a licensed lawyer and real estate agent.
  • Ensure you understand zoning laws, especially for commercial or resort development.
  • Be aware of coastal zone regulations for beachfront construction.

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