Overview – The US Virgin Islands Real Estate Market
Comprising the main islands of St Thomas, St John and St Croix, plus several smaller islands, the U.S. Virgin Islands is an American territory in the Caribbean. Each island has its own unique character and features. St Thomas is famous for its beautiful capital Charlotte Amalie and harbour area offering fine dining, shopping and nightlife. St John is home to the 7,000 acre Virgin Islands National Park which covers two thirds of the island, including some of the world’s most beautiful beaches, such as Trunk Bay and Cinnamon Bay. Largest of the 3 main islands, historic St Croix, home to the historic capital of the former Danish West Indies, is renowned for its well preserved colonial architecture.
Historical buildings are not the only properties of interest in the US Virgin Islands. There are also some beautiful luxury homes for sale across the archipelago. The real estate market in the US Virgin Islands is largely driven by American buyers. As the economy in the USA has returned to growth, the property market in the USVI has begun to benefit from the upswing too. Property for sale includes waterfront homes on St Thomas and St John with spectacular sea views and condos within residential communities. Beachfront land is also available.
Search our US Virgin Islands 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 the US Virgin Islands.
Our agents in the islands can offer unrivaled local insight into the market and the most desirable investment opportunities.
To discover your perfect property in the US Virgin Islands, search our US Virgin Islands real estate listings.
Discover St Croix – Read our Guide to St Croix Real Estate.
Discover St John – Read our Guide to St John Real Estate.
Discover St Thomas – Read our Guide to St Thomas Real Estate.
Discover Water Island – Read our Guide to Water Island Real Estate.
Buying Property in the US Virgin Islands
There are no restrictions on foreign buyers acquiring real estate in US Virgin Islands.
Once you have made an offer for a property and that offer has been accepted, you will need to engage an attorney to conduct thorough due diligence, review the purchase contract and advise on how best to hold title. You will need to pay a deposit of 10% and the balance on closing when the deed is transferred to your name.
A one-time Transfer Tax ranging from 2% to 3.5% depending on the property value is typically paid by the seller.
There is also an annual property tax of 1.25% of the assessed value of the property.
U.S. citizens can live and work freely in the US Virgin Islands. Citizens of other countries will need to apply for a visa as they would for mainland U.S.A.
US Virgin Islands – Land for Sale
Purchasing a lot of land provides you with a blank canvas and the opportunity to build your dream home in the US Virgin Islands.
Whether you are looking for beachfront land or a centrally located plot, we offer various lots of land for sale in the US Virgin Islands.
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 US Virgin Islands 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 the US Virgin Islands. To see how you could save money, read more: Foreign Exchange.
Getting to the USVI
There are direct flights to the US Virgin Islands from various US cities.
International flights to the US Virgin Islands arrive at Cyril E King Airport which is located just west of St Thomas’s capital Charlotte Amalie.
From the USA there are flights from many cities, including Atlanta (Delta), Charlotte and Philadelphia (US Airways), Chicago (United), Boston, Miami, New York and San Juan (American).
From Europe or Canada, fly to the USA and get a connecting flight.
Atlanta to St Thomas: 3 hours 50 mins
Boston to St Thomas: 6 hours 45 mins
Charlotte to St Thomas: 3 hours 45 mins
Chicago to St Thomas: 6 hours 45 mins
Miami to St Thomas: 2 hours 45 mins
New York to St Thomas: 4 hours 10 mins
Philadelphia to St Thomas: 5 hours 30 mins
San Juan to St Thomas: 0 hours 35 mins