• Average asking price $2,935,292
  • % + or - average Caribbean property price +22%
  • Property price range $395,000 - $40,000,000
  • Average price per sq ft $817
  • Annual tourist arrivals 407764
  • % change in annual tourist arrivals +3.75%

Overview – The BVI Real Estate Market

A British Overseas Territory offering the benefits of no income tax, VAT or capital gains tax, the British Virgin Islands has emerged as a highly successful offshore financial centre. With 4 main islands, 11 smaller inhabited islands and approximately 35 other beach-fringed islets and cays scattered in turquoise waters that appear so close you feel you could almost reach out and touch them, the BVI is also renowned as one of the world’s best sailing and diving destinations.

Like nearby Anguilla and the Cayman Islands, the alluring combination of a barefoot chic lifestyle, first class yachting facilities and an attractive tax regime, has helped the BVI firmly establish itself as a real estate investment location of choice for high net worth property buyers.

Property for sale in the BVI includes magnificent beachfront and hill-side homes with spectacular views of the sea and neighboring islands. Many offer access to private marinas, as you would expect in this yachting paradise.

 

Search our BVI Real Estate Listings

As specialists in luxury Caribbean property, we can introduce you to a wide selection of the finest residential property, land for sale and commercial real estate in the BVI.

Our agents on island can offer unrivaled local insight into the market and the most desirable investment opportunities.

To discover your perfect property in the BVI, search our BVI real estate listings.

 

Areas

Anegada

Discover Anegada – Read our Guide to Anegada Real Estate.

Camanoe

Discover Camanoe – Read our Guide to Camanoe Real Estate.

Jost Van Dyke

Discover Jost Van Dyke – Read our Guide to Jost Van Dyke Real Estate.

Scrub Island

Discover Scrub Island – Read our Guide to Scrub Island Real Estate.

Tortola

Discover Tortola – Read our Guide to Tortola Real Estate.

Virgin Gorda

Discover Virgin Gorda – Read our Guide to Virgin Gorda Real Estate.

 

Buying Property in the BVI

To acquire real estate in the BVI, foreign nationals are required to apply for a Non-Belonger Land Holding Licence (NBLHL) for which there is a small fee. The NBLHL is property specific and non-transferable.

If you make an offer on a property which is accepted, you would submit a “Letter of Intent to purchase” with a 10% deposit that will be held in escrow. We would recommend you then review the “Purchase and Sale Agreement with your attorney. Once signed by you and the seller, apply for the Non-Belonger Land Holding License. The property must be advertised for 4 weeks in the local press to offer any “Belonger” an opportunity to purchase the property at the same price. Once approved, register the License with the Land Registry Department and make the final payment.

Stamp duty is based on the purchase price or appraisal price (whichever is higher) – 4% for Belongers and 12% for Non-Belongers.

There is an annual House Tax of 1.5% of the assessed rental value and Land Tax of $50 for sites up to 0.5 acre, $150 for sites 0.5 to 1 acre and $50 for each additional acre.

Non-Belonger Land Holding License holders can also obtain an identification card which permits leave to remain in the BVI for up to 6 months. You can also apply for a certificate of permanent residence.

 

BVI – Land for Sale

Purchasing a lot of land provides you with a blank canvas and the opportunity to build your dream home in the BVI.

Whether you are looking for beachfront land or a centrally located plot, we offer various lots of land for sale in the BVI.

For larger parcels of land for commercial development, please see our commercial real estate listings.

 

Saving on Your Purchase

You could save money when investing in BVI real estate by using a foreign exchange expert to get the best rate for your property purchase. We have partnered with Halo Financial, a specialist in foreign exchange, to help you get the best exchange rates when making one-off or regular international payments for a property purchase in the British Virgin Islands. To see how you could save money, read more: Foreign Exchange.

 

Getting to the BVI

There are no direct flights from the USA, Canada or Europe to the BVI.

From North America fly to San Juan or St Thomas and from Europe, fly to St Maarten or San Juan.

Then take a connecting flight to Tortola’s Terrence B. Lettsome Airport.

Alternatively transfer by seaplane or fly to Virgin Gorda from St Thomas (Air Sunshine).

Antigua to Tortola: 2 hours 25 mins
San Juan, Puerto Rico to Tortola: 49 mins
St Maarten to Tortola: 35 mins
St Thomas to Tortola: 22 mins

Local weather

26° Precipitacion0.02%
Sun 23° | 26°
Mon 23° | 26°
Tue 23° | 26°
Wed 22° | 26°
Thu 22° | 26°
Fri 23° | 26°
Sat 22° | 26°

Local time

2:33PM Saturday 20th Jan 2018 (AST)
Sun 23° | 26°
Mon 23° | 26°
Tue 23° | 26°
Wed 22° | 26°
Thu 22° | 26°
Fri 23° | 26°
Sat 22° | 26°

Fast facts

  • Population 28,054
  • Capital Road Town
  • Language English
  • Currency US Dollar
  • Time zone GMT-4 | ET