As one of the best Caribbean islands, St Lucia is a fantastic place to live and invest. Famous for its beauty, quality of life, tax incentives, and booming real estate market, St Lucia has so much to offer.
Are you interested in buying a property in St Lucia? This article offers detailed information on buying St Lucia real estate.
Why buy St Lucia real estate
Top reasons to buy St Lucia real estate
Fantastic Caribbean island
Low cost of living
Very profitable real estate market
Get St Lucia citizenship by purchasing pre-approved property
Well connected to the rest of the world
St Lucia real estate market history and overview
A true gem of the Caribbean, St Lucia is an island renowned for its beauty. Home to the mesmerizing Piton mountains, it is blessed with clean long sandy beaches, lush rainforests, refreshing waterfalls, and colorful coral reefs. Well connected to the rest of the world – with direct flights to the US, UK, Canada, and Germany – and a cost of living cheaper than in most of the Caribbean countries as well as a very dynamic real estate market, St Lucia is a fantastic place to buy property.
Different types of properties are available for sale in St Lucia. You can find family homes, luxury villas, modern condos, charming bungalows and historical colonial villas for a wide range of prices. Some of the best places to buy property in St Lucia are located in the northwest part of the island – such as Rodney Bay, Marigot Bay, and Castries.
There are two ways of purchasing St Lucia real estate for sale:
Purchase St Lucia property for sale by applying for an Alien Landholding License.
Purchase St Lucia property through the Citizenship by Investment Program. Invest in pre-approved property and get the St Lucia Citizenship.
Option 1: Invest a minimum of US$300,000 in pre-approved high-end branded hotels and resorts
Option 2: Invest a minimum of US$300,000 in a boutique property
What are St Lucia property prices?
Depending on the type of property and location, prices vary. Starting from $200,000 you can purchase a beautiful local home. Modern condos and bungalows’ prices are around $300,000, while beachfront villas cost about $1,000,000.
Additionally, you can find properties such as apartments in gated waterfronts development, historic colonial homes, and cottages for a wide range of prices.
Pre-approved government property prices start at US$300,000 and are mostly high-end branded hotels and resorts, or boutique property.
How can Global Citizen Solutions help me
If you are looking for expert advice on St Lucia real estate, talk to one of our specialists. We offer a service tailored to your specific needs and requirements.
Our team of experts will work diligently from start to finish, ensuring a successful application.
Professionalism and integrity are at the core of all we do.
Step-by-step guide on how to get real estate for sale in St Lucia
Requirements for non-nationals
Look for property and make an offer once you find the right one.
Once your offer has been accepted, instruct a local attorney to prepare the Deed of Sale, conduct due diligence, and apply for the Alien Landholding License.
Pay a deposit of 10% which will be held in escrow.
Pay all required taxes and fees.
Pay the property price.
St Lucia transaction costs
Below are the buyers’ required fees to purchase St Lucia real estate based on the property value:
Alien Landholding Licence = depends on the acres
Stamp duty = 2%
Legal fees = 0.5% – 2.50%
Cost of an Alien Landholding License:
Up to 1 acre: $5,000
1 acre up to 10 acres: $10,000
10 acres up to 20 acres: $20,000
20 acres up to 50 acres: $30,000
50 acres up to 100 acres: $40,000
Over 100 acres: $50,000
Is it worth getting St Lucia real estate?
It is absolutely worth getting St Lucia real estate. Get the property of your dreams in one of the most beautiful Caribbean islands and benefit from a high quality of life. With very favorable tax exemptions, a low cost of living, and an excellent real estate market, St Lucia is the place to purchase property in the Caribbean. Thanks to the St Lucia Citizenship by Investment Program, buy pre-approved property and obtain the St Lucia passport in no more than 3 months.
Frequently Asked Questions about buying St Lucia real estate
What kind of St Lucia real estate property can I find?
St Lucia real estate property options are various: you can find family homes, luxury villas, modern condos, charming bungalows, apartments, and historic colonial villas for a wide range of prices.
What are the best places to buy property for sale in St Lucia?
Some of the best places to buy property for sale in St Lucia are Rodney Bay, Marigot Bay, and Castries.
As a foreigner can I buy St Lucia real estate for sale?
Yes, you can buy St Lucia real estate for sale as a foreigner. You will have to apply to an Alien Landholding License in order to buy St Lucia property. You can also apply to the St Lucia Citizenship by Investment Program and purchase pre-approved property in exchange for receiving a St Lucia passport.
How much do I need to invest in real estate to get St Lucia citizenship by investment?
In order to get St Lucia citizenship through the Citizenship by Investment Program, you need to make an investment of at least $300,000 in pre-approved property.