Buying In Antiguan Properties
Simon M Skinner
There are two types of people. Those who dream about having an island getaway all to themselves and the ones who make it happen. Whether you are looking for a small piece or a large piece of a Caribbean paradise, Antigua is the best place to be.
What You Will Get
Since there is only so much land available, it is important to purchase some of the highly desirable land in Antigua while you still can. Just about anywhere in Antigua will give you incredible views so there should not be a problem in finding just the right land for you and your family.
And we are not just talking about nature in its most beautiful incarnation either because even God?s own images in Antigua are beautiful! You will see proof of this statement during the Antigua Carnival where men and women in various states of undress shake their booty to hypnotic African music.
What You Can Expect To Pay
The cost of the property that you look at in Antigua will depend on one thing normally and that is location. But that is just like anywhere else in the world as the location of the property is always a large determining factor in the cost of the land. Things such as the architecture styles of the house and how spacious it is will also play a contributing role in the cost of the purchase.
You will have to first purchase the Alien Landholding License which is around 5 percent of the value of the property. Then there is the Stamp Duty which is around 2.5 percent. And the Legal Fees which could be anywhere from 1 to 2 percent of the value of the property.
When it is all taken into consideration you may very well find yourself paying up to a quarter of the property value, just in fees and transaction costs alone. These are things to consider when shopping for the perfect property as it is always going to cost you more than the sticker price.
What You Need To Do
Even though it may start to sound like a lot to deal with, investing in property in Antigua really is not too complicated, especially since the government welcomes foreigners to purchase land.
While though you are welcomed to buy land, you still have to go through the standard procedures, which includes that Alien Land Holding License before the purchase can be completed. Since this process takes around three months, you can always explore the island and get to know the place a little better.
You may ask why Antigua is being promoted as a real property paradise investment haven, not its sister island of Barbuda. One reason: The government prohibits the sale of even a single rock in Barbuda!
Also, keep in mind that government being as it is anywhere in the world, the laws on buying real estate can be confounding to the average investor. You are better off hiring a property management service company that will handle the details and documents of the purchase.
Once you have the deeds to the house and the land it is time to consider what your next step is. Is it to redecorate the house or to landscape the yard? No, it is to simply enjoy your newly purchased island paradise and relax some.
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Tags: business, finance, investment, money, property, real estate, travel —

July 24th, 2009 at 4:56 am
Thanks for posting about this, I would like to read more about this topic.