Overview – The Trinidad & Tobago Real Estate Market
Situated less than 7 miles off the northern coast of South America, the twin island nation of Trinidad & Tobago is one of the wealthiest nations in the Caribbean. While the much larger Trinidad is famous for its spectacular carnival and as the birthplace of the steelpan, the smaller Tobago is better known as a sanctuary for 6,000+ species of wildlife, from spectacular coral to rare birds. The twin island nation is a melting pot of cultures. Over the years, large communities of Europeans, Africans, Chinese and Indians have settled in Trinidad & Tobago, each making their mark on the country’s food, culture and music. The most well known and celebrated annual event is the Trinidad Carnival, which is the Caribbean’s biggest party, attracting 40,000 overseas visitors – one tenth of the total number of annual visitors in 2014.
With the tourism industry providing property owners with a rental market to tap into, buying property in Trinidad and Tobago can be a wise investment. Property for sale in Trinidad and Tobago includes condominiums in high quality residential developments in its cosmopolitan capital Port of Spain and luxury homes in Tobago where you can enjoy relaxing by the pool, a stroll on the beach or a round of golf on either the Mount Irvine Bay Golf Course or the Tobago Plantations Golf Course.
Search our Trinidad & Tobago 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 Trinidad & Tobago.
Our agents on island can offer unrivaled local insight into the market and the most desirable investment opportunities.
To discover your perfect property in Trinidad & Tobago, search our Trinidad & Tobago real estate listings.
Port of Spain
Discover Port of Spain – Read our Guide to Port of Spain Real Estate.
Discover Trinidad – Read our Guide to Trinidad Real Estate.
Discover Tobago – Read our Guide to Tobago Real Estate.
Buying Property in Trinidad & Tobago
Foreign real estate buyers require an Alien Landholding License to purchase more than 1 acre of land for residential purposes or more than 5 acres of land for commercial purposes in Trinidad and Tobago. Licenses are granted almost automatically for property in Designated Development Areas, but are dealt with on a case by case basis in other areas.
Once you have made an offer on a property and that offer has been accepted you will typically be required to pay a 10% deposit which will be held in escrow. If you require an Alien Landholding License, ensure that the Sales agreement is only entered into subject to the license being granted and that thorough due diligence is conducted by a local lawyer.
Buyers are required to pay stamp duty which ranges from 0% to 7.5%, plus legal fees which typically amount to 1.5% of the purchase price.
There is also an annual 3% real estate tax on residential property.
To apply for resident status in Trinidad & Tobago you must have a spouse, parent or grandparent who is a resident/citizen, have a work permit or be a former resident. Property owners can often spend 3 months in the country without a visa.
Mortgages in Trinidad & Tobago
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 Trinidad real estate or Tobago 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 Trinidad & Tobago.
For more information, see our page on: Caribbean mortgages.
Trinidad and Tobago – Land for Sale
Purchasing a lot of land provides you with a blank canvas and the opportunity to build your dream home in Trinidad or Tobago.
Whether you are looking for beachfront land or a centrally located plot, we offer various lots of land for sale in Trinidad and Tobago.
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 Trinidad & Tobago 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 Trinidad & Tobago. To see how you could save money, read more: Foreign Exchange.
There are direct flights to Trinidad & Tobago from the USA, Canada, Europe and various other Caribbean islands.
International flights arrive at Piarco International Airport in Port of Spain, Trinidad, as well as at A.N.R. Robinson Airport on Tobago.
From North America, fly with American Airlines from Miami, with United from Houston or Newark or with Caribbean Airlines from Toronto.
From Europe, British Airways operates direct flights from London to both Trinidad and Tobago. Condor operates direct flights from Frankfurt to Tobago.
Barbados to Tobago: 0 hours 50 mins
Houston to Port of Spain: 5 hours 50 mins
London to Tobago: 10 hours 45 mins
Miami to Port of Spain: 3 hours 55 mins
New York to Port of Spain: 5 hours 10 mins
New York to Tobago: 5 hours 00 mins