Stanley Estates
Buyers

 

  •  To purchase property in Antigua, non-citizens need to apply for a licence which costs 5% of the purchase price.
     
  • For land purchase, compliance with the details of the non-citizen’s licence is required and building work must be completed within a given timescale.
  • The buyer pays government transfer fees of 2.5%.
  • Rates and property taxes are based on rental value.
  • The majority of property is fee simple or freehold. Leaseholds are rare and usually held by the Crown.
  • Legal costs vary between 1% and 2% depending on property value.
  • Properties are registered at the Land Registry. There is no title insurance.
  • Property management fees are usually 10%. Rental commissions are 8.33% of the value of the lease.
  • Withholding taxes are 25% of the net rental income for non-residents.
     
  • Insurance cover is approximately 2.0% of the insured risk; deductible of 2% includes earthquakes & named storms.
  • Bank financing is available but interest rates in Antigua are fairly high compared with the US & Europe.
  • Houses are usually serviced with a septic tank. Water cisterns are required. The majority of properties are serviced by government electricity and water, cable TV, telephone and broadband.
  • The Antigua Barbuda Investment Authority offers attractive fiscal incentives to developers.

 



FEATURED PROPERTIES
Elliotts Cottage Plots - English Harbour Area
Elliott’s Cottage Plots consist of three, private one (1) acre plots with views to th...
The Delgany House - English Harbour Area
Reduced by U.S. $850,000. This exclusive, 8,000+ sq.ft. home overlooks Willoughby Bay...
© 2009 Stanley's Estate Agents Ltd.             |             +1.268.562.7599             |             info@stanleysestates.com             |             design: hi-octane creative             |             contact