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Main  / Property

Real Estate in St Kitts and Nevis

Greece
Price
3 cities
5 000 – 99 000 €
2+ rooms
Help with the choice

I will tell you which object is of the best quality of construction and in an attractive area for living or renting.

Zlata Erlach, an expert in the St Kitts and Nevis CBI Program
St Kitts and Nevis Citizenship by Investment

Buying real estate in St Kitts and Nevis allows you to obtain a citizenship

Learn more about the program
$350,000+ New villa in 50 metres
from the ocean
By 3—5% Property prices
annual growth
4% Average rental yield
per year
€1,998 Estimated annual
maintenance expenses
for a villa

Byer's guide

Who can buy a property

Who can buy a property in St Kitts and Nevis

Citizens and residents of the country can freely buy real estate in Saint Kitts and Nevis. Foreigners need to purchase a Land Holding Licence. The cost of the licence is 10% of the land plot price.

Foreigners who purchase real estate under Saint Kitts and Nevis citizenship programs are exempt from purchasing a licence.

Property costs by county

Property costs by region of St Kitts and Nevis

The real estate market in Saint Kitts and Nevis is growing at the expense of resort properties. The opening of world‑renowned hotels on the islands has led to a price increase for both commercial and residential real estate.

The real estate costs per 1 m² in Saint Kitts and Nevis vary from $3,500 to $8,000. Property prices depend on the location and property type:

  • apartment sized at least 80 m² will cost from $400,000;
  • cottage with two or three rooms — from $600,000;
  • villas sized 200—400 m² — from $1,000,000;
  • luxury coastal front-row houses — from $3,000,000.
Property purchase procedure

Property purchase procedure in St Kitts and Nevis

Real estate in Saint Kitts and Nevis can be selected remotely: Immigrant Invest has a database of verified properties. The parties conclude a preliminary purchase and sale agreement: the buyer pays a deposit of 10% of the object’s value. This is necessary to withdraw the property from sale.

The next stage is the purchase of a land ownership licence. The licence is purchased only by those foreigners who don’t participate in St Kitts and Nevis citizenship program. Then the parties sign the main purchase and sale agreement in the presence of a notary. A certificate of ownership is obtained in the state registry of the country. The property purchase process takes about a week.

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Property purchase taxes

Property purchase taxes in St Kitts and Nevis

When buying real estate, foreigners also buy a land ownership licence  — 10% of the property value — and pay property tax. It consists of two parts: the land tax and the building tax. The rates depend on the property type and the island. The highest prices are for commercial real estate and housing land on the island of Nevis.

Agricultural, educational and institutional properties on the island of Saint Kitts are exempt from property taxes.

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Citizenship by the purchase of a real estate

Citizenship of St Kitts and Nevis by the purchase of a real estate

Saint Kitts and Nevis has a government citizenship program for investors. One of the options is purchasing real estate. An investor can buy a property worth:

  • minimum of $175,000 — a share in a social or infrastructure project;
  • minimum of $200,000 — a share of, or the entire real estate in a project approved by the government for participation in the program;
  • minimum of $400,000 — any object outside the government-approved project list. This option is limited in time — the program department accepts investor applications only until November 1, 2022.

Investments in real estate should be held for 5—7 years, then the real estate is allowed to be sold.

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Real estate investment in St Kitts and Nevis

If you invest in property in St Kitts and Nevis, you can participate in the country’s Citizenship by Investment program. The program supports three options, including commercial and residential real estate. The minimum investment is $175,000. 

The first real estate option under the citizenship program is known as the Alternative Investment Option. An investor buys a share in a Public Good Project Developers project for at least $175,000, or a share in a Private Enterprise Developers for at least $200,000. The properties include socially significant infrastructure in St Kitts and Nevis — such as affordable housing, and medical or educational facilities. While the investment is non-refundable, and the property should be turned over to the government in 7 years, the investor can earn profit from it. 

The second real estate investment option under the Citizenship by Investment program is purchasing government-approved projects in St Kitts and Nevis. Both commercial and residential types are property are available, including villas, condos, townhouses, housing projects, apartments and apartment complexes, hotels, resorts, and yacht marinas. The minimum investment can be either $200,000 or $400,000, with a holding period of 7 and 5 years respectively. After that, the investor can resale the property for profit. 

Joint and full types of ownership are allowed under this option. Investors can rent out their investment real estate, and earn an annual yield of 2—5%. 

The third real estate investment option under the Citizenship by Investment program is buying a private home for a minimum of $400,000. Note that this option will be valid until November 1, 2022. Investors can purchase a residential real estate object in full ownership — for instance, family homes, villas, apartments, or apartment complexes. Such investment is refundable and can be sold in 5 years for a profit. 

Select your St Kitts and Nevis investment property remotely, with the assistance of Immigrant Invest. Our real estate and citizenship program experts will find real estate for the Citizenship by Investment project you prefer. We will help reserve the object for you, and purchase it after your St Kitts and Nevis citizenship status gets approved. 

Immigrant Invest is a licensed agent for government programs in the Europe Union and the Caribbean.

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Let’s discuss the details

Schedule a meeting at one of the offices or online. A lawyer will analyze the situation, calculate the cost and help you find a solution based on your goals.

Zlata Erlach Caribbean Investment Program Expert
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