Buying property in ST LUCIA for foreigners: With golden sand beaches, luscious rainforests, mountains, and spectacular rays, St. Lucia offers some of the most dramatic scenery in the Caribbean that has attracted property buyers from all over the world.
If you are currently thinking of investing in real estate in St. Lucia How do you know about property in St. Lucia as a foreign client?
Our guide gives you information about the purchase process and the taxes you should know from the end of the process of buying a property in St. Lucia.
Request to invest in ST LUCIA
- From scenic beauty to the iconic two peaks of Piton and Diamond Falls, to the captivating rainforests and stunning beaches.
- Ability to generate high rental income due to a flourishing tourism industry targeted at the luxury end of the market.
- Developing real estate market with a series of properties available from ultra-luxury beachfront homes to waterfront apartments.
- The citizenship of the country is expected to benefit through an investment program in the real estate market.
- Many attractions and amenities include luxury hotels, high-quality restaurants and bars, marinas, and golf courses.
Highly accessible destinations via direct flights to St. Lucia from the United States, Canada, and Europe, include a daily JetBlue flight from New York and regular BA and Virgin Atlantic flights from London Gatwick.
World-famous annual events such as the St. Lucia Jazz Festival:
From the iconic twin peaks of pickles that rise from the sea, the breathtaking beaches are set against the backdrop of a lush rainforest-covered mountain, and the waterfalls are waterfalls, with Saint Lucia blessed with dramatic scenery.
With this stunning natural beauty and unique cultural heritage, a flourishing tourism industry has developed in St. Lucia, which welcomed 422,600 migrants to tourists on the island in 2019 – an increase of 7.1% in 2018.
Many highly regarded hotels and spa islands. , Marinas at Rodney Bay and Marigot Bay, and a challenging 18-hole championship golf course at Cap Estate entertain tourists and entice many others to invest in St. Lucia’s real estate market.
Buying property in ST LUCIA for foreigners
Like nearby Barbados, the property market in St. Lucia developed dramatically for several years until 2009. The market cooled in response to the economic shock, but the economy is improving in the United States and Europe, especially in places such as Cap. Estes and North St. Lucia, near Vizzy, La Toc and Rodig Bay Marie’s Centuries, and Marie Santos and Piggs and Vicks Fort. As a result, property prices in St. Lucia are very attractive and in many ways a buyer’s market. Prices are generally lower than homes for sale in Barbados.
In early 2016, the government introduced citizenship through the Investment Program, allowing investors to apply for full citizenship of St. Lucia.
Buying property in ST LUCIA for foreigners
Yes, foreigners can buy property in St. Lucia and the government of St. Lucia welcomes investment from foreign buyers. There is no restriction on foreign buyers acquiring real estate in St. Lucia. To purchase real estate in the country, foreign buyers will have to apply for $ 5,000 for EC $ 5,000 of land, with a non-refundable application fee of over EC $ 5,400. Varies by size. From EC $ 50,000 (100 acres +).
Alternatively, buying a property in an approved real estate project may pass the buyer for full citizenship of St. Lucia through the citizenship of the island by the investment program.
Property Purchase process in ST Lucia
Buying a property in St. Lucia is a relatively simple process, which usually involves the following steps:
- Start your property search.
- Find your perfect property and make an offer.
- Once you make an offer on a property and that offer is accepted, you should instruct the local attorney to prepare the DAD of the sale, conduct due diligence, and apply for a foreign landholding license.
- The buyer usually has to pay a 10% deposit which will be held in escrow.
- Pay all required taxes and fees.
- Pay the balance of the purchase price.
ST LUCIA RESIDENCY & CITIZENSHIP
How long can a foreign national have a role in ST Lucia?
Citizens of the USA, Canada, and the UK are allowed to stay in St. Lucia without a visa for 6 weeks. Citizens of all other EU member states are allowed to stay in St. Lucia without a visa for up to 3 months.
How do I become a representative of ST LUCIA?
Individuals who wish to stay in St. Lucia for more than 6 weeks can apply to the Department of Immigration for an extension. Extensions are given on an optional basis.
How do you get citizenship in ST LUCIA?
A person living in St. Lucia for 7 years can naturally apply for citizenship.
St. Lucia also conducts citizenship through an investment program that provides qualified investors with the opportunity to obtain full citizenship of St. Lucia in exchange for a significant contribution to the nation’s finances, either as a government fund or property. in the form of. In the form of. A project for approval through financial investment.
Mortgages in St. Lucia
Looking for money to buy property in the Caribbean?
Contrary to popular misconception, it is possible for foreign nationals willing to invest in St. Lucia real estate to apply for a mortgage.
A very well-respected global financial organization – allows mortgages to suit non-residents for the purchase, construction, or development of a second home in St. Lucia.