Overview – The Montserrat Real Estate Market
In 1979, when Beatles producer George Martin sought out the ideal location to build and operate a music studio in an idyllic location away from the crowds, he chose the tiny, green mountain-covered island of Montserrat. Music stars from Paul McCartney to Eric Clapton journeyed to Montserrat and discovered an island paradise. Montserrat welcomed rock star royalty who were soon joined by a small group of highly devoted families who purchased property on Montserrat, treasuring the qualities of the island: dramatic natural beauty, peace and quiet, safety and security.
The charms that lured those famous families to the island decades ago have fortunately been retained and the Montserrat property market today offers waterfront homes at substantially lower prices than other comparable investment locations in the Caribbean. The quiet “Emerald Isle of the Caribbean” attracts a dedicated set of snow birds who continue to return each year via a short flight from nearby Antigua to soak up the sun at their spacious villas.
With almost no beachfront properties, condos or apartments and very limited stock of high quality real estate available, homes in the most desirable areas are in high demand and properties prices are expected to rise across Montserrat, especially in areas such as Woodlands, Olveston, Old Towne and Isles Bay.
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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 Montserrat.
Our agents on island can offer unrivaled local insight into the market and the most desirable investment opportunities.
To discover your perfect property in Montserrat, search our Montserrat real estate listings.
Located on the central western coast, the area of Woodlands is one of the most prestigious locations to invest in Montserrat real estate. Houses in this quiet residential part of the island count among the most desirable homes on the island. Property for sale in Woodlands enjoy easy access to local shops and restaurants and enjoy views of quiet Woodlands Beach, the Caribbean Sea and even neighbouring St Kitts & Nevis in the distance on a clear day.
Located just south of Woodlands on the central western coast, Olveston is a highly desirable location for buying a home in Montserrat. The quiet residential area is popular for its beautiful waterfront villas for sale which offer views of Woodlands Bay and Lime Kiln Bay. Homes in Olveston are ideal for enjoying Montserrat’s quiet, slow-paced lifestyle and the several restaurants in the area such as Olveston House.
Old Towne & Isles Bay
The quiet residential area of Old Towne is located just south of Woodlands and Olveston on the central western coast of Montserrat. There are some charming waterfront villas for sale offering spectacular views of the Caribbean Sea, the small uninhabited island of Redonda and passing yachts. Property in Old Towne can be purchased for significantly less than in other parts of the Caribbean. Isles Bay also offers delightful houses for sale on gently sloping hillsides to take advantage of the magnificent views of the sea and Isles Bay Beach. The area would make an ideal second home or retirement property.
Buying Property in Montserrat
There are no restrictions on foreign nationals acquiring property on Montserrat and foreign investment is welcomed.
Buying property in Montserrat is a relatively simple process. Once you have made an offer on a property and the offer has been accepted, you will need to engage a local attorney to assist you in applying for an Alien Land Holding License and preparing the contracts. Upon closing, you will receive a freehold Land Certificate or title for the property.
The total cost to the buyer of the Alien Land Holding License, land transfer, stamp duty, tax and legal fees amounts to a total of approximately 10% of the net property price.
There is an annual residential land tax rate of 0.05% per year and building tax rate of 0.025% per year.
Non-nationals investing at least EC $400,000 in real estate in Montserrat can apply for a residency permit under the Economic Residency Programme.
Non-nationals that have resided in Montserrat for at least 8 years can apply for a Permit of Permanent Residence.
Montserrat – Land for Sale
Purchasing a lot of land provides you with a blank canvas and the opportunity to build your dream home in Montserrat.
Whether you are looking for beachfront land or a centrally located plot, we offer various lots of land for sale in Montserrat.
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 Montserrat 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 Montserrat. To see how you could save money, read more: Foreign Exchange.
There are no direct flights from North America, South America, Europe or Asia to Montserrat.
To get to Montserrat, you should take a flight to Antigua, which is one of the Caribbean’s most accessible destinations.
From Antigua, take a short connecting flight to Gerald’s Airport on Montserrat with FlyMontserrat or SVG Air.
London to Antigua: 8 hours
Miami to Antigua: 3 hours
New York to Antigua: 4 hours
Toronto to Antigua: 5 hours
Antigua to Montserrat: 20 minutes