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property for fixing up renovation

ref dom0198 Pretty two bedroom one bathroom home in need of attention, but enjoying stunning sea views over the Caribbean Sea and only 2 minutes walk from a secluded beach $85,000 click on picture for details

 apartments for sale in domenica ref Dom0163 A 3 storey apartment building, with 8 apartments arranged as 5 double and 3 single apartments, and located in an excellent position.This apartment building has recently been refurbished. $230,000 USD click on picture for more details

Buying Property in Dominica

Alien Landholding License
Foreigner's buying more than 1 acre of land in Dominica for personal use, or more than 3 acres of land for business purposes, are required to apply to the Dominica Government for what is called an "Alien's Land Holding License". A fee of 10% of the value of the land is charged by the government for granting this license.

Transfer Fees
Transfer fees on Dominican real estate are payable by the purchaser and are made up as follows :-

4% stamp duty
2.5% judicial fees
1% assurance fund
3% legal fees

The seller has to pay 2.5% stamp duty on the market value of the land being sold.

Planning Permission
All new construction, changes to existing buildings, or changes of use, require planning permission. In most cases permission is granted within 8 weeks of making an application.

The entire buying process is relatively simple and often purchases of homes or small parcels of land not requiring an Alien Landholders License, can be completed in a matter of a few days. Where an Alien Landholders License is required, the buying process can usually be completed in 3 to 5 months

 

 

Buyer Checklist

English Speaking
based on English Law
Beachfront locations or sea view property
Tax free (Income)
No Capital Gains
Acceptable Entry and Exit for investment
Friendly Locals & low Crime
Hot tourist spot all year round and not reliant on just European tourism
Easy Access from European & USA airports
High Returns on Investment through self build & new construction
Low density construction keeps values and rentals high
Island and beachfront locations keep their real estate values
Easy Visa Entry & residency if required
Good climate all year round



 

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