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.
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 Martinique Real Estate Listings
As specialists in luxury Caribbean property, we can introduce you to a wide selection of the finest residential property in Martinique including homes for sale and condos for sale, land for sale to build your dream home, as well as commercial real estate such as hotels for sale in Martinique.
Discover the most sought after real estate investment opportunities and benefit from unrivaled insight into the market.
To find your perfect property in Martinique, search Martinique real estate listings.
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.
When searching for homes for sale in Martinique it is important to understand how properties are classified. When looking at property descriptions, you may well ask yourself, “what do the categories T1, T2, T3 refer to?” Martinique uses the same real estate classifications as used in France. The “T” refers to the number of “pièces” (main rooms excluding the kitchen and bathroom which are assumed). Therefore, classifications have the following meanings:
- T1 = Studio apartment
- T2 = 1 bedroom apartment
- T3 = 2 bedroom apartment
Once you have found a property you like and made an offer, 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 lot, we’re here to help you find the perfect lot of land for sale in Martinique.
For larger parcels of land for commercial development, please see 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.
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.