Real Estate in St Lucia
Who can buy a property in St Lucia
Citizens and residents of the country can buy real estate in Saint Lucia freely. Foreigners need to buy a Landholding Licence.
Foreigners who purchase real estate under the Saint Lucia Citizenship program are exempt from buying a licence.
Property values by region of St Lucia
The average housing cost per 1 m² in Saint Lucia is $6,500. In remote island settlements, real estate can be even cheaper, with prices for 1 m² starting from $1,000.
The most expensive properties are located near beaches and natural attractions. The highest apartment prices are observed in the city of Castries city, the capital of Saint Lucia.
Property purchase procedure in St Lucia
Property in Saint Lucia can be chosen remotely. Foreigners then need to get a land ownership licence. The licence costs vary from $2,300 to $4,200.
The parties enter into a preliminary purchase and sale agreement. The buyer deposits at least 10% of the real estate’s value. This is necessary so the seller could withdraw the property from the market. Then the parties sign the main purchase and sale agreement. The new owner receives a certificate of ownership in Saint Lucia’s state registry.Read the article
Property purchase taxes in St Lucia
When buying property in Saint Lucia, individuals and businesses pay transfer tax and stamp duty.
The transfer tax is the same, whether the buyer is an individual or a company — the rate is 2%. Stamp duty is paid by both parties. For the buyer, the tax is 2%, and the seller’s tax depends on the residence. Non-resident sellers in Saint Lucia pay a 10% tax, while the rate for residents is determined by the property value.Read the article
Citizenship of St Lucia for the purchase of real estate
Saint Lucia has government-run citizenship by investment program. One of the program’s options is buying real estate. Investors meet several conditions:
- select a property from the government-approved list;
- buy a property worth at least $200,000;
- hold the purchased property for at least five years.
Real estate investment in St Lucia
By making an investment in real estate in St Lucia, you can join the country’s Citizenship by Investment program. The minimum real estate expense will be $200,000.
Investors, who apply for citizenship, purchase real estate projects, approved by the St Lucia Cabinet of Ministers. Eligible objects are commercial and belong to the hospitality industry: investors can choose luxury five-star branded hotels, resorts, or boutique accommodations. The minimum investment of €200,000 applies to any type of eligible property.
Shared and full ownership of a property is allowed under the Citizenship by Investment program in St Lucia. A citizenship applicant can also invest in a property under construction.
Investment in real estate property can bring the investor income with an annual yield of 2%—5%. St Lucia has a robust tourism sector, being a Caribbean nation. Investing in high-end hotel accommodations is profitable. Investors can also resell their property for profit after 5 years.
If you are planning to purchase investment real estate and obtain citizenship in St Lucia, Immigrant Invest will assist you at every stage. Real estate projects that we present for sale are approved by the St Lucia government for the citizenship program. We will arrange a remote viewing of an object, and help with reserving it and fulfilling your investment pledge. In 5 years we will gladly assist with reselling the investment property.
Immigrant Invest is a licensed agent for government programs in the Europe Union and the Caribbean.
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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.
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