St Kitts & Nevis
Gatehouse International first sold property in St Kitts and Nevis in the 1990′s. We have associate real estate partners in these beautiful islands and can offer you the necessary guidance and expertise to make the right choice of home in the Caribbean.
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The two island nation of St Kitts and Nevis is arguably the Jewel of the Caribbean. It is the most unspoiled and uncrowded of the islands, consequently offering a world of possibilities that appeal to the property buyer, whether for residency or investment purpose.
The beauty of the islands is beyond compare. Inland you will find spectacular rainforests, rivers and mountains, including the ecological wonder of Mount Liamuiga, one of the tallest peaks in the Caribbean islands. The rivers lead down to beautiful, unspoiled beaches, pristine coral reefs and clear waters ideal for diving and snorkeling.
The St Kitts and Nevis property market has boomed in recent years. To a great extent this is due to a highly attractive Economic Citizenship Programme. Property for sale includes affordable beachfront apartments, resort residences or condos and luxury villas with panoramic views.
The islands experience a warm tropical climate with an average temperature of about 27 degrees Celsius. Humidity is low with November to May being the driest months of the year. With average rainfall of about 55 inches, the islands of St. Kitts and Nevis have one of the most desirable climates.
Economic Citizenship or Citizenship-by-Investment Programmes are one of the main attractions to buyers / investors of real estate in St Kitts & Nevis.
The Federation of Saint Kitts and Nevis have offered a Kittitian passport, and various other benefits, in favour of an individual’s investment in their economy, since 1984. St Kitts & Nevis have a solid reputation for their Citizenship by Investment programme.
Find out more about Economic Citizenship
Process of Purchasing a Property on St Kitts & Nevis
1) Any person who is not a national of St. Kitts and Nevis needs an Alien Land Holding License to own property there. The approval process takes about 3 months and any lawyer will have application forms and can assist you with filling them out.
2) Negotiate and agree on price and what is being sold (furniture, equipment, and even vehicles).
3) Appoint a local lawyer.
4) Sign Sales Agreement, normally a deposit of 10% of the purchase price is paid at signing of the Sales Agreement. This agreement should be contingent on (a) the Government approving your Alien Land Holding License application or (b) the Government making a decision on the Alien Land Holding Application in a reasonable period of time.
5) Once the Alien Land Holding License is approved you move to closing.
The Purchaser pays:
- The balance of the purchase price 90%
- Alien Land Holding License fee 10%
- Legal fees approximately 2%
The Seller pays:
- Government Stamp Duty of 12%
- Settle all obligations through and including the closing date, including but not limited to telephone, cable TV, electricity, water bills and house and land tax.
On completion of the sale, the Seller shall deliver to the Purchaser a Memorandum of Transfer of the Land hereby sold, executed by the Seller in favour of the Purchaser to transfer the title to the land to the Purchaser free and clear of any liens or encumbrances whatsoever, except for standard utility easements.