Overview – The St Lucia Real Estate Market
From the iconic twin peaks of the Pitons rising from the sea, breath-taking beaches set against lush rain forest covered mountain backdrops and thundering waterfalls, St Lucia is blessed with dramatic scenery. With this spectacular natural beauty and a unique cultural heritage, St Lucia has a developed a flourishing tourism industry that welcomed almost 340,000 visitors to the island in 2014 – an increase of over 6% compared to 2013. Several highly regarded hotels and spas across the island, the marinas at Rodney Bay and Marigot Bay and a challenging 18-hole championship golf course at Cap Estate keep visiting tourists entertained and have enticed many others to invest in St Lucia’s real estate market.
Like nearby Barbados, the property market in St Lucia grew dramatically for many years up until the global financial crisis of 2009. The market cooled in response to the economic shock, but has begun to recover as the economy in the USA and Europe has improved. Property prices in St Lucia remain highly attractive and generally lower than for comparable homes for sale in Barbados.
At the beginning of 2016, the government introduced a Citizenship by Investment Program offering investors the opportunity to apply for full citizenship of St Lucia. The program is expected to stimulate investment in St Lucia’s real estate market and the economy in general in a similar way to nearby St Kitts & Nevis and Antigua.
As specialists in luxury Caribbean property, we can introduce you to the finest residential property, land for sale and commercial real estate in St Lucia, including Cap Estate and Rodney Bay in northern St Lucia, Vigie, La Toc and Marigot Bay near the capital Castries and Soufriere and Vieux Fort in southern St Lucia. Our agents on the ground in St Lucia offer unrivalled local insight into St Lucia’s real estate market and the most desirable investment opportunities.
Discover Cap Estate – Read our Guide to Cap Estate Real Estate.
Discover Castries – Read our Guide to Castries Real Estate.
Discover Marigot Bay – Read our Guide to Marigot Bay Real Estate.
Discover Rodney Bay – Read our Guide to Rodney Bay Real Estate.
Discover Soufriere – Read our Guide to Soufriere Real Estate.
Discover Vieux Fort – Read our Guide to Vieux Fort Real Estate.
How to Buy Property in St Lucia
There are no restrictions on foreign nationals purchasing real estate in St Lucia.
Once you have made an offer on a property and that offer has been accepted, you will typically be required to pay a deposit of 10% which will be held in escrow. Foreign buyers will require an Alien Landholding License to acquire real estate in St Lucia, for which there is an application fee of EC $1,500 plus license fee which varies according to the size of the land from EC $5,000 (up to 1 acre) to EC $50,000 (100 acres +).
Buyers are responsible for paying a one-time stamp duty of 2% of the purchase price to register the Deed of Sale, plus legal fees of approximately 4%.
There is also a small annual property tax.
Foreign nationals can apply to become a permanent resident of St Lucia.
Mortgages in St Lucia
Looking for financing to fund the purchase of property in the Caribbean?
Contrary to popular misconception, it is possible for foreign nationals looking to invest in St Lucia real estate to apply for a mortgage.
Our partner – a very well respected international financial organization – offers mortgages for qualifying non-residents buying, building or improving a second home in St Lucia.
For more information, see our page on: Caribbean mortgages.
St Lucia Citizenship by Investment Program
St Lucia operates a Citizenship by Investment Program which offers qualified investors the opportunity to obtain full citizenship of St Lucia in exchange for a significant contribution to the nation’s finances, either through a financial contribution to a government fund or via an investment in an approved real estate project.
Read more: St Lucia Citizenship by Investment.
St Lucia – Land for Sale
Purchasing a lot of land provides you with a blank canvas and the opportunity to build your dream home in St Lucia.
Whether you are looking for beachfront land or a centrally located plot, we offer various lots of land for sale in St Lucia.
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 St Lucia 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 St Lucia. To see how you could save money, read more: Foreign Exchange.
There are direct flights to St Lucia’s Hewanorra International Airport from the UK, Germany, the USA and Canada.
Located in the south of St Lucia near the town of Vieux Fort, Hewanorra International Airport is an easily accessible gateway to the island.
From the USA, there are direct flights to St Lucia from various cities including Atlanta (Delta), Chicago, Miami and New York (American Airlines).
From Canada, Air Canada operates direct flights from Montreal and Toronto to St Lucia.
From the UK, there are direct flights from London and Manchester to St Lucia operated by British Airways and Virgin Atlantic.
Miami to St Lucia: 3 hours 40 mins
New York to St Lucia: 4 hours 43 mins
Toronto to St Lucia: 5 hours 15 mins
London Gatwick to St Lucia: 8 hours 35 mins
Frankfurt to St Lucia: 9 hours 45 mins