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Antigua Property

Antigua Property

Antigua Property Buying Information


Alien Landholders License : An Alien Landholders License is required by any foreigner wishing to purchase Antigua property, and is issued for the purchase of a specific property by a specific owner and is non-transferable.

The Alien Landholders License can only be applied for, once a deposit has been placed on a property and takes several weeks for approval. The cost of this license is 5 % of the value of the property, payable to the Antigua Government.


Stamp Duty : Stamp Duties are charged to both the buyer and seller, with the buyer paying 2.5 % and the Seller is 7.5 % of the value of the property.


VAT : On commercial properties only, there is also an additional 15% VAT payable to the Antigua Government, which can be reclaimed by a VAT registered business. VAT is also payable on real estate agents commissions (usually only payable by the seller) and is charged on all types of property transactions, both commercial and private.


Stamp Duty Waiver : The Stamp Duty and Alien Landholders License is waived on several projects in Antigua, such as Jolly Harbour - and a 3 % fee is applied, based on the property value.


Antigua Property Taxes : Property taxes are reasonable in Antigua and are based on the value of the property.


Antigua Property Title
: Most Antigua property is fee simple or freehold. The legal costs for transferring a property are between 1 % to 2 % of the value of the property.


Title Registration
: All properties are registered at the Government Land Office, there is no title insurance.


Mortgages
: Mortgages are available from several banks in Antigua and through Caribbean Land and Property. Click here for Details 


Real Estate Agent Commissions
: These fees are between 5 % to 7 % and payable by the seller.


Antigua Property Management Fees
: These fees are typically 10 %, with rental commissions at 8.33 % of the value of the lease.


Witholding Tax : Withholding taxes are 25 % of net rental income for non-residents.


Antigua Property Insurance : Insurance coverage is typically 1 % of the property value, with a deductible of 2 % of the property value in the event of any claim.


Antigua Building Costs
Property in Antigua and generally throughout the Caribbean is constructed to be able to withstand the forces exerted by earthquakes and hurricanes. To meet these requirements, the normal construction methods use reinforced concrete for floors and foundations, reinforced concrete masonry walls and secure heavy timber roofs. Many homes also have a reinforced concrete cistern for storing potable water (caught from the roof) and their own septic tank. There are also some newer building systems that use steel sections for the construction of walls and roofs.

Building costs to meet the above requirements generally vary from US$100 to $300 or more per square foot, depending upon the type of structure to be built and the standard of finishes used.


Sanitation : Most properties catch rainwater from the roof and store this in a cistern for potable water. Rainfall is infrequent in Antigua and therefore the rain harvesting system needs to be carefully designed and have sufficient storage capacity to meet potable water requirements over an extended period of time. Typically properties have a septic tank for sewage.


Contact Us
Our local representative for Antigua Property can be contacted by emailing us through our Contact Us page.


Antigua Property
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Antigua Property


The remains of stone windmills, used for crushing sugar cane, are a common feature in Antigua

Antigua Property and Real Estate



Antigua General Information
  • Capital: St John's, Antigua
  • Population: 67,000
  • Currency: Eastern Caribbean Dollar, US$1=EC2.68
  • Language: English
  • Political status: independent nation; member of the British Commonwealth
  • Entry requirements: please refer to the official Antigua and Barbuda tourism site by clicking on this link http://www.antigua-barbuda.org/Agtip01a.htm
  • Area: 108 square miles (280 sq km)
  • Political status: Independent state within the Commonwealth
  • Religion: Anglican and other Protestant churches
  • Business: Banks are open 8am-1pm, Monday to Thursday, and on Fridays, 8am-12 noon and 3-5pm. The main banks are Bank of Antigua, Antigua and Barbuda Development Bank, Antigua Commercial Bank, Bank of Nova Scotia, Barclays, Canadian Imperial and Royal Bank of Canada, Antigua and Barbuda Investment Bank. Payment cards are widely accepted. Shops are open Monday to Saturday, 8.30am to 4-5pm, with an hour for lunch from noon. Many stay open later if a cruise ship is in port.
  • Electricity: 220 volts AC 60 cycles with 110 volts in some areas
  • Telecommunications: the international dialing code for Antigua and Barbuda is +1 268 followed by a seven digit number. On the island, use the seven digits alone.


Antigua Beaches
There are said to be 365 beaches on Antigua - one for each day of the year, with the majority of these beaches located on the Caribbean side of Antigua, where the beaches are sheltered from the trade winds. All of the beaches in Antigua are open to the public, with most beaches composed of fine white coral sand and are ideal for use by all the family.


Antigua Property Investment
The main expatriate populations on the island are based in the South East around English Harbour and Falmouth, in the South West in and around Jolly Harbour, in the East at Half Moon Bay and Browns Bay, and in the North in Hodges Bay and Cedar Valley and surrounding areas. But new areas are now opening up and these can be better investment value.

As with buying a property anywhere, there is excellent choice in Antigua for price, style of building and proximity to services. Location is the key to your enjoyment and usually to the value of re-sale.


Contact Us
Our local representative for Antigua Property can be contacted by emailing us through our Contact Us page.


Antigua Property
Click Here to view Antigua Property

Antigua Property and Real Estate


Please note that the information on this page is subject to constant change and revision and may not be fully up to date. Users are advised to verify any information that could effect their decision on buying a property, visiting this country or any other matter of importance.

Antigua Property and Real Estate


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Last Updated On 21 Aug 2017