Whether you want to simply find yourself a home in an island paradise or you want to purchase a small island just for your own personal desires, it can be done. Of course, purchasing an entire island may not be in the budget for everyone, but there is no reason why you can’t have some of your own property in Antigua in the Caribbean.
What You Can Expect
Since land is not something that grows and there is only so much of it, it is important to make sure that you are getting some of it to finally call your own. No matter where you look in Antigua, there are views that simply cannot be found anywhere else in the world.
And the beauty does not just stop at the landscape of Antigua as the Antigua Carnival is an event that truly shows the beauty of the men and women through dancing to African music. It is truly a sight to be seen.
What You Can Expect To Pay
Just like any real property market in the world, the costs of investing in property in Antigua depend on many factors of which the most important is location, location, location. Of course, you also need to take in to consideration things like architecture style and spaciousness.
You will have to first purchase the Alien Landholding License which is around 5 percent of the value of the property. Then there is the Stamp Duty which is around 2.5 percent. And the Legal Fees which could be anywhere from 1 to 2 percent of the value of the property.
All in all, you may pay up to a quarter of the property value in roundtrip transaction costs when investing in Antiguan property. Put that into perspective if you are thinking that it might be too much. You are investing in paradise, after all, and paradise is priceless!
What You Need To Do
Investing in island property is relatively easy especially as the Antiguan government is keen on foreign investments pouring into their coffers. Antigua is also a tax haven so you need not worry too much about your property becoming another white elephant on your tax forms.
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.
Many wonder why Antigua is always promoted as the place to purchase instead of Barbuda, its sister island. The answer is simply, the purchase of even a single rock is prohibited in Barbuda.
Since dealing with the government and the purchase of real estate can be confusing to the average person, it may be a wise decision to hire a property management company to help you through the process. The property management company will handle all of the fine details of the purchase for you.
Once you have the deeds to the house and the land it is time to consider what your next step is. Is it to redecorate the house or to landscape the yard? No, it is to simply enjoy your newly purchased island paradise and relax some.
This antigua villa article is brought to you by