Real Estate in St Kitts and Nevis

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 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.

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.

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.