Property for Sale in Saint Lucia, Caribbean
With limited building space available and the increase of tourists looking for all year round sunshine over the years, buying a property in Saint Lucia has become more popular than ever with property investors and holiday home buyers looking to secure their spot in the Caribbean. The real estate market in St Lucia has seen growth matching other popular islands in the Caribbean such as Barbados.
A spate of resort developments on St Lucia has made this green island one of the Caribbean's fashionable package-tour destinations, but it's still a long way from being sanitised and overdeveloped. Bananas are still bigger business than tourism in this archetypal island paradise.
The buying process is relatively straightforward and similar to the UK. Non citizens require an Alien’s Land Holding Licence to purchase real estate in St Lucia. It is a long drawn out process which involves 4 government departments, being the Planning Department (where it is submitted), the Attorney Generals’ Office, the Prime Minister’s Office (or Cabinet for properties larger than 1 acre in size) and the Governor General’s Office.
Capital gains tax of 10% is incurred on sales but this can be mitigated by purchasing real estate via a company.
Some of the most popular beaches are found in Rodney Bay, Pigeon Island, Choc Bay, Vingle, La Toc, Marigot Bay, Anse Castenet, Anse de Sables and Vieux Port.
