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Frequently Asked Questions
Can foreigners buy property in the BVI?
Yes, foreign buyers can purchase property in the British Virgin Islands and the Government of the BVI actively overseas investment. Foreign nationals are required to obtain a Non-Belonger Land Holding Licence (NBLHL), which involves a modest application fee, plus licence issuance fees upon approval. Your local attorney manages this straightforward process, making the BVI an accessible and welcoming market for international property buyers seeking both lifestyle and investment opportunities.
What are the best areas to buy property in the BVI?
Tortola offers the widest selection of property with beautiful villas nestled into the lsuh hills and convenient access to amenities, while Virgin Gorda features some of the Caribbean’s most spectacular beachfront homes. For boating enthusiasts, waterfront locations suchas Nanny Cay and Tobacco Wharf provide direct marina access, while Great Camanoe is ideal for luxury waterfront living. Anegada and Jost Van Dyke provide the ultimate in privacy and seclusion for those seeking a true island escape.
What’s the average price for BVI real estate?
The BVI is positioned as a luxury Caribbean real estate market with modest villas starting around $550,000, waterfront properties from roughly US $1 million, and beachfront homes from approximately US $1.5 million. At the luxury end, the finest estates can reach US $5 to 10 million+, reflecting the territory’s exclusive appeal.
Is BVI real estate a good investment?
The BVI offers exceptional investment potential with tremendous tax advantages including no income tax, capital gains tax, or inheritance tax. As a world-class sailing destination, properties can generate high levels of rental income from affluent visitors. Benefiting from political stability, low crime rates, and tremendous appeal to luxury buyers, property in the BVI tends to hold its value well in this highly desirable and exclusive market.
For even more information on the buying process, legal requirements, and market insights, read our Guide to Buying Property in the BVI.