Real estate in St Lucia

Buyer's guide

• 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 prices by region in 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 at $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.

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• Property purchase taxes in St Lucia

  

  When buying property in Saint Lucia, individuals and businesses pay a 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.

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• St Lucia citizenship by purchasing real estate

  

  Saint Lucia has a 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 $300,000;

  • hold the purchased property for at least 5 years.

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