• Average asking price $732,806
  • % + or - average Caribbean property price -214%
  • Property price range $258,500 - $1,620,000
  • Average price per sq ft $367
  • Annual tourist arrivals 519,304
  • % change in annual tourist arrivals 6.6%

Overview – The Martinique Real Estate Market

Officially defined as an overseas departement (region) of the French Republic located in the heart of the Caribbean, Martinique effortlessly fuses the French way of life with its tropical location.

Much like fellow French Caribbean islands St Barts, St Martin and Guadeloupe, the official language is French and the official currency is the Euro.

The Creole cuisine for which Martinique is so famous also has an unmistakably Gallic influence.

However, Martinique, the “Isle of Flowers”, benefits from all that people love about the Caribbean: Endless beaches such as Les Salines, cascading waterfalls and a lush rainforest-covered interior, fascinating colonial ruins and quiet fishing villages and a colorful underwater world ideal for scuba diving and snorkeling.

Property for sale in Martinique ranges from Creole-style cottages to villas overlooking the island’s beautiful bays in locations such as Fort de France, Les Trois-Ilets and Le Diamant.

 

Search our Martinique 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 Martinique.

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

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

 

Areas

Fort de France

Along the western coast of Martinique in the vicinity of the island’s capital Fort de France and Martinique Aime Cesaire International Airport, there are several beautiful white sand beaches and resorts, as well as apartments and large homes for sale.

Les Trois-Islets & Le Diamant

South of Fort de France, Trois-Islets and Le Diamant are both renowned for their beaches and are also of particular interest to those considering investing in Martinique real estate.

 

Buying Property in Martinique

There are no restrictions on foreign nationals purchasing real estate in Martinique.

Once you have made an offer on a property, a Purchase and Sales Agreement will be prepared by a notaire (notary). Once signed, you will be required to pay a deposit of at least 10% which will be held in escrow by the notaire. Sales are normally closed in 1-3 months, at which time a Deed of Sale will be officially registered.

There are 2 types of property tax in Martinique – the taxe d’habitation paid by the resident and the taxe foncière based on the land and building.

As an overseas “department” of France, Martinique is part of the European Union. Non-EU citizens need to apply for permission to reside in Martinique, as they would in other parts of the EU.

 

Martinique – Land for Sale

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

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

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 Martinique 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 Martinique. To see how you could save money, read more: Foreign Exchange.

 

Getting There

There are direct flights to Martinique’s Aime Cesaire International Airport from Europe, the USA and Canada.

From North America, fly direct to Martinique from Miami with American Airlines or with Air Canada from Montreal.

From Europe. Fly with Air France from Paris to Martinique or fly to Miami and take a connecting flight.

Alternatively fly to St Lucia and take a connecting flight to Martinique with LIAT.

Miami to Martinique: 3 hours 30 mins
Montreal to Martinique: 5 hours 10 mins
Paris to Martinique: 8 hours 35 mins

Yachting and sailing are very popular in Martinique and the main ports of entry are Fort-de-France, St-Pierre or Marin.

Local weather

28° Precipitacion0.03%
Sun 23° | 27°
Mon 23° | 27°
Tue 23° | 27°
Wed 23° | 28°
Thu 23° | 27°
Fri 23° | 27°
Sat 23° | 27°

Local time

2:54PM Saturday 20th Jan 2018 (AST)
Sun 23° | 27°
Mon 23° | 27°
Tue 23° | 27°
Wed 23° | 28°
Thu 23° | 27°
Fri 23° | 27°
Sat 23° | 27°

Fast facts

  • Population 386,486
  • Capital Fort-de-France
  • Language French
  • Currency Euro
  • Time zone GMT-4 | ET