St. Kitts and St. Nevis Real Estate
Named after Christopher Colombus, these stunning islands are a wise investment for savvy buyers looking for a piece of heaven.
Luxury Real Estate in the Caribbean
Located in the heart of the Caribbean, the islands of St. Kitts and Nevis are also known as the Federation of Saint Christopher and Nevis. The islands boast a history and unmatched natural beauty dating back to 1493 when Christopher Columbus first discovered these islands. Since then they have witnessed the rise and fall of powers, which has greatly influenced their cultural fabric.
In 1623 the British established their presence on St. Kitts, while the French claimed Nevis in 1628. Over the centuries these islands have experienced battles, treaties, and changes in ownership. The sugar industry once thrived with enslaved Africans as its workforce, leaving behind well-preserved plantation estates and historic sites that serve as poignant reminders of their past.
Significant historical milestones include the 1783 Treaty of Paris, which secured British control over St. Kitts and Nevis, and the 1983 Declaration of Independence which made them one of the nations in the Western Hemisphere. Apart from its history, these islands woo visitors with their lush rainforests, pristine beaches, and a dormant volcano.
The Brimstone Hill Fortress National Park, on St. Kitts, is a UNESCO World Heritage Site and highlights the island’s rich history. The fortress was constructed by the British in the late 17th century to safeguard against potential French invasions and protect the highly valuable sugar plantations.
Colonial Charm of Basseterre Markets
When you explore Basseterre, the capital city you’ll experience a blend of colonial allure and modern sophistication. Take delight in its bustling markets, where a colorful tapestry of life unfolds with exotic spices and local crafts. Immerse yourself in the turquoise waters of Nevis Pinneys Beach, or venture into Mount Liamuiga’s rainforest-clad slopes.
There are plenty of activities to keep you busy. Independence Square is a hub of landmarks like the Berkeley Memorial Clock and lively events such as the St. Kitts Music Festival that celebrates the rhythms of the Caribbean. Meanwhile, the dormant volcano Mount Liamuiga beckons adventurers with its hiking trails that offer stunning vistas and provide insights into the island’s rich past. The lush landscapes are also home to Nevis’s enchanting Botanical Gardens showcasing exotic flora.
From Nevis’s golden sands at Pinneys Beach to the tranquil coves at South Friars Bay, pristine beaches cater to those seeking relaxation and exciting water sports. For scuba fans, Dive St. Kitts offers an enchanted world that any diver would love to explore.
Can Foreigners Invest in St Kitts and St. Nevis?
The process of allowing foreigners to buy property in St. Kitts and Nevis is simple:
Find a property and negotiate a purchase agreement with the seller. Both parties will sign this agreement along with a deposit of 10% of the property value. An attorney will conduct due diligence to ensure the property has a clear title.
As a non-citizen, you’ll need to obtain an Alien Landholding License from the government. This requires submitting information details about the property and paying a fee of 10% of the property value. The license application generally takes around 8 to 10 weeks for approval. Once approved, you pay a stamp duty of 10% – 12% of the property value.
You then settle the remaining balance and ownership is transferred. The attorney will then update the title records with your details, and you must pay a fee of about 2.5% of the property value. This needs to be paid to register the owner with the Nevis Island Administration.
Foreign individuals who own properties should be aware of the property taxes, which vary based on the value of the property. If you decide to sell your property you’ll need to transfer the Alien Landholding License to the new owner. The registration process for this requires paying a conveyance fee of 2.5%. Additionally, sellers may also have to pay capital gains tax if the value of their property has increased over time.
Find Your Dream Home in Banana Bay
St. Kitts and Nevis offer a range of captivating options that embody their unique charm:
Frigate Bay hosts beautiful waterfront villas with gorgeous ocean views and direct access to pristine beaches. For those who appreciate luxury living, the Park Hyatt St. Kitts residences showcase elegant accommodations and high-class fittings as standard. Situated in Banana Bay these residences seamlessly blend sophistication with amazing nature, offering an unparalleled lifestyle experience.
Delving into the island’s rich history, restored plantation estates like Belle Mont Farm offer more than just properties. They also provide a journey through time, providing a glimpse into the rich history of St. Kitts and Nevis, while offering comforts creating an authentic and immersive living experience.
For those who appreciate sustainable living, the Kittitian Hill eco-development is worth exploring. It focuses on luxury, and buyers can be part of a world-class, sustainable resort community while enjoying their privacy. Another option is the Kitts Marriott Residences, which combines amazing views with convenience and prestige.
St. Kitts and Nevis offer a range of property prices. Waterfront villas in Frigate Bay range from $800,000 to $3 million. The Park Hyatt St. Kitts residences on Banana Bay start at $1.5 million but can go over $5 million for select units. Belle Mont Farms hosts restored plantation estates starting at around $1.2 million. The Kittitian Hill eco-development features properties starting from $500,000 with a real focus on luxury. On the other hand, the Kitts Marriott Residences range between $300,000 and $800,000. It’s important to consider market fluctuations and specific property attributes when assessing these prices.
Popular Developments in St Kitts and Nevis
Christophe Harbour – This development in St. Kitts boasts a world-class golf course designed by Tom Fazio. There is also a super yacht marina, which features luxury homes and residences.
Tamarind Cove Marina – Located in Nevis this development offers waterfront properties with access to a marina. Prices for these properties range from $1.5 million to $7 million.
Kitts Marriott Residences – These properties are part of a resort community in Frigate Bay offering luxury living options with access to golf courses. Prices for these residences range from $300,000 to $800,000.
On Nevis, the prestigious Four Seasons Private Residences offer villas and estates that set new standards for elegance in the Caribbean region. In St. Kitts, the Oceans Edge Resort introduces condominiums situated by the water’s edge, combining modern design with breathtaking ocean views.
Meanwhile, the exclusive Golden Rock Estate in Nevis brings back historical charm through a collection of restored plantation homes surrounded by lush landscapes.
St. Kitts and Nevis are wise options for real estate investment due to the Citizenship by Investment program, which allows property owners to obtain citizenship by purchasing property over $800k. These islands provide an environment for investment thanks to their political and economic stability, attractive tax advantages, and a thriving tourism sector.
The demand for luxury homes, eco-luxury options, and golf communities from high-net-worth individuals contributes to the buoyant market.
Are you interested in taking advantage of the booming real estate market, in St. Kitts and Nevis? It is absolutely worth it, so check out our website where you will find access to more hidden gems.
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