• Average asking price $1,544,706
  • % + or - average Caribbean property price -19%
  • Property price range $300,000 - $5,500,000
  • Average price per sq ft $328
  • Annual tourist arrivals 70,713
  • % change in annual tourist arrivals -1.4%

A Guide to Buying Property in St Vincent & the Grenadines for Foreign Buyers

One of the world’s top sailing destinations and a quiet and secluded beach retreat, St Vincent & the Grenadines has a small but exclusive property market.

If you are currently considering investing in real estate in St Vincent & the Grenadines but you are wondering “where are the best places to buy property in St Vincent & the Grenadines?” or “how do I go about owning property in St Vincent & the Grenadines as a foreign buyer” then this guide is for you.

Our guide takes you through the process of buying property in St Vincent & the Grenadines from beginning to end, including an introduction to the real estate market, the buying process and the taxes you will need to be aware of.

 

Contents

Overview – The Real Estate Market
Buying Process, Fees & Taxes
Search Real Estate Listings
Best Places to Buy
Residency & Citizenship
Mortgages
Sending Money
How to Get There

 

Overview – The St Vincent & the Grenadines Real Estate Market

With pristine beaches, turquoise sea and lush, green mountains, the 32 unspoiled islands of the Grenadines have long been a favorite of royalty and well-known personalities, most famously Princess Margaret, Mick Jagger, and Bob Dylan.

While St Vincent is well known for its green landscape, waterfalls and volcanic black sands, the beaches of the Grenadines are platinum white and the warm sea offers some of the best diving and sailing in the Caribbean.

Less crowded than some of their Caribbean neighbors, the islands of St Vincent & the Grenadines have developed a relatively small property market. While small in size, the market more than makes up for it in the devotion of its fans. Areas of particular interest to international buyers include Bequia, Canouan, Mayreau, Mustique, and Union Island.

 

Buying Property in St Vincent & the Grenadines

Can foreigners buy property in St Vincent & the Grenadines?

Yes, foreigners can buy property in St Vincent & the Grenadines and the Government welcomes investment from overseas buyers. There are no restrictions on foreign buyers. In order to purchase real estate in St Vincent & the Grenadines (except for Canouan and Mustique), non-citizens need to apply for an Alien Land Holding Licence (ALHL) for which there is a non-refundable application fee of EC $2,500. Licenses are typically approved within 3 to 4 months. The ALHL is specific to the property and does not require annual renewal.

Buying Process

Buying property in St Vincent & the Grenadines is a relatively simple process, which typically involves the following steps:

  1. Begin your property search.
  2. Find your perfect property and make an offer.
  3. You will need to pay a deposit of 10% upon exchanging contracts.
  4. Make payment of the balance once the License has been awarded.
  5. Pay all required taxes and fees.

Stamp Duty

Buyers are required to pay 5% stamp duty.

Legal Fees

We would advise you to seek the advice of a local attorney. Legal fees typically amount to 1 to 2% of the purchase price.

Property Tax

There is also a low annual property tax.

 

Search St Vincent & the Grenadines Real Estate Listings

As specialists in luxury Caribbean property, we can introduce you to a wide selection of the finest residential property in St Vincent & the Grenadines.

Homes for Sale & Condos for Sale

Our website is the ultimate destination to discover a wide selection of villas, houses and homes for sale in St Vincent & the Grenadines, as well as apartments and condos for sale in St Vincent & the Grenadines.

Land for Sale

You can also browse undeveloped land. Purchasing a lot of land provides you with a blank canvas and the opportunity to build your dream home in St Vincent & the Grenadines.

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 St Vincent & the Grenadines.

For larger parcels of land for commercial development, please see our commercial real estate listings.

Hotels for Sale

Searching for hotels for sale in St Vincent & the Grenadines? Browse hotels, B&Bs and guests houses right here.

Finding the Perfect Property for Sale in St Vincent & the Grenadines

Discover the most sought after real estate investment opportunities and benefit from unrivaled insight into the market.

To find your perfect property in St Vincent & the Grenadines, search our St Vincent & the Grenadines real estate listings.

 

Best Places to Buy Property in St Vincent & the Grenadines

Bequia

Discover Bequia – Read our guide to buying property in Bequia.

Canouan

Discover Canouan – Read our guide to buying property in Canouan.

Mayreau

Discover Mayreau – Read our guide to buying property in Mayreau.

Other Islands

Discover other islands in the Grenadines – Read our guide to buying property in the other islands in the Grenadines.

Palm Island

Discover Palm Island – Read our guide to buying property in Palm Island.

St Vincent

Discover St Vincent – Read our guide to buying property in St Vincent.

Union Island

Discover Union Island – Read our guide to buying property in Union Island.

 

St Vincent & the Grenadines Residency & Citizenship

How long can a foreign citizen stay in St Vincent & the Grenadines?

Citizens of the USA, Canada and the UK are permitted to remain in St Vincent & the Grenadines on holiday without a visa for up to 30 days. Citizens of other member countries of the EU are permitted to remain in St Vincent & the Grenadines on holiday without a visa for up to 90 days.

How do I become a resident of St Vincent & the Grenadines?

Individuals who would like to remain in St Vincent & the Grenadines longer than 30 days (or 90 days in the case of EU citizens) can apply to the Immigration Department for an extension or temporary residency.

Individuals who have lawfully resided in St Vincent & the Grenadines for 5 years can apply for permanent residency in St Vincent & the Grenadines.

How do I become a citizen of St Vincent & the Grenadines?

Individuals who have lawfully resided in St Vincent & the Grenadines for 7 years can apply for citizenship by naturalization.

 

Mortgages in St Vincent & the Grenadines

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 Vincent & the Grenadines 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 Vincent & the Grenadines.

For more information, see our page on: Caribbean mortgages.

 

Sending Money to St Vincent & the Grenadines

You could save money when investing in St Vincent & the Grenadines 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 Vincent & the Grenadines. To see how you could save money, read more: Foreign Exchange.

 

How to Get to St Vincent & the Grenadines

There are no direct flights to the Grenadines from the USA, Canada or Europe.

From North America or Europe, fly to Antigua, Barbados, Grenada, San Juan or St Lucia and transfer to St Vincent, Bequia, Mustique, Canouan or Union Island via regional carriers LIAT, SVG Air or Mustique Airways.

St Vincent’s recently opened Argyle International Airport has made the archipelago more accessible than ever.

Barbados to St Vincent: 40 mins
Puerto Rico to St Vincent: 2 hours 20 mins
St Lucia to St Vincent: 20 mins

Local weather

23° Precipitacion0.04%
Sun 22° | 25°
Mon 23° | 26°
Tue 22° | 25°
Wed 22° | 24°
Thu 22° | 25°
Fri 21° | 25°
Sat 22° | 25°

Local time

11:04PM Saturday 18th Jan 2020 (AST)
Sun 22° | 25°
Mon 23° | 26°
Tue 22° | 25°
Wed 22° | 24°
Thu 22° | 25°
Fri 21° | 25°
Sat 22° | 25°

Fast facts

  • Population 103,000
  • Capital Kingstown
  • Language English
  • Currency East Caribbean Dollar
  • Time zone GMT-4 | ET