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Official Agent for the Developer : Le Paradis, homesites are situated around the Greg Norman champion golf course at an Elevation of 250-590 ft above sea level. All homesites have views of ocean, golf and bay.
-Located on a pristine 554 acre reserve at Praslin Bay, East Coast, on the beautiful, unspoiled island of St. Lucia of St. Lucia.
-A resort designed around the most desirable international brands such as Westin Residences, Greg Norman Golf, Troon Golf Management and an internationally branded health spa.
-Additionally, within the development will be a marina and marina village with a five star boutique hotel, commercial centre, golfing college and upscale boutique shopping.Units Range in Price: From: US $385,000 to $570,000 / £190,000 - £285,000

St. Lucia Property Buying Information

St. Lucia Property Information for Non Nationals


The Alien Landholders License
Anyone wishing to own property in St. Lucia, who is not a citizen of St. Lucia, needs to obtain an Alien Landholding license, which is granted to a specific owner to purchase a specific property. The license, which is permanent and not transferable, does not need renewal.

The Alien Landholders License must be prepared and submitted by a St. Lucia lawyer and requires the applicant to provide a police record from the applicants home country, a bankers reference and also a character reference.

The fees for the Alien Landholders License are listed below :-

* Upon application to the government for a license there is a non-refundable application fee of
US$1,859.00 (EC$5,000.00)

* There is also a further non-refundable fee to pay for the processing of the application, which costs
US$558.00 (EC$1,500.00)

* Registration, copies and stamp duty costs are US$56.00 (EC$150.00)

Below are the fees for the license according to the size of the land:

Up to 1 acre of land US$1,859.00 ECD $5,000.00
Over 1 acre and up to 10 acres US$3,718.00 ECD $10,000.00
Over 10 acres and up to 20 acres US$7,435.00 ECD $20,000.00
Over 20 acres and up to 50 acres US$11,153.00 ECD $30,000.00
Over 50 acres and up to 100 acres US$14,870.00 ECD $40,000.00
100 acres and over US$18,588.00 ECD $50,000.00

Please note that all sums are payable in EC Dollars. Calculations for US Dollars have been made at the exchange rate of EC$2.69 to US$1.00

Property Buying Process
Buying a property in St. Lucia is not difficult and much of the work for the Alien Landholders License and other matters will be handled by the lawyer employed to convey the property.

The first step to making a purchase in St. Lucia is to view the property and make an offer. Buyers may also if they wish, make an offer without viewing the property.

Once an offer which has been accepted, the buyer will be asked to pay a deposit of between 5% and 10% of the property value, for the property to be removed from the market and held on the buyers behalf. This deposit is usually refundable, should for any reason the Alien Landholders License be refused, which is very unusual; however the deposit will be forfeit if the buyer should choose not to complete the purchase.

Please note that there is no standard buying process, it is up to each buyer to agree the process, timeframe and the amount of deposit with the seller.


St. Lucia Stamp Duty
There is a stamp duty of 2% of the purchase price of the property to register the Deed of Sale.

Legal Fees for Conveyancing a Property
The fee is set at 3% to 5% of the purchase price of the property.

Procedures for Acquiring a St. Lucia Alien's Landholding License
The office of the Attorney General will vet the application before it is forwarded to the Office of the Prime Minister for final approval and signature. The list below indicates what will need to be submitted with the license application form:

1. Completed application form.

2. Full details of the property or land.

3. Citizenship details (photocopy of the passport) .

4. Four passport size photographs of each applicant.

5. Certification of character-report from your local police station.

6. Full set of certified fingerprints from a police station.

 

Buyer Checklist

English Speaking
based on English Law
Established high rental Income
Beachfront locations or sea view property
Tax free (Income)
No Capital Gains
Acceptable Entry and Exit for investment
Friendly Locals & low Crime
Hot tourist spot all year round and not reliant on just European tourism
Easy Access from European & USA airports
High Returns on Investment through self build & new construction
Low density construction keeps values and rentals high
Island locations keep their real estate values
Easy Visa Entry & residency if required
Good climate all year round


Points to consider

Import duty on construction materials,cars and boats if shipped from outside of the country
High Electric costs
Stamp duty payable between 2-10% depending on value of property
Yearly property tax depending on value of property

Conclusion :
A good location for the long tem investor and an excellent lifestyle for expats who want an easy relaxed way of life


 


email: sales@medpropertyshop.com