Transaction Costs Across the Caribbean
When purchasing residential property within the Caribbean, consideration should be given to the transaction costs incurred apart from the quoted sale price of the property. In several territories non-nationals who wish to purchase real estate must obtain an Alien Land Holding License (ALHL). This license is permanent and does not require renewal. The table below captures the main transaction costs for non nationals and the responsibility to be borne by each party involved.
The final price paid by non-national buyers when purchasing US$500,000 residential property on one acre of land in each island is presented below. The price does not include VAT or mortgage fees.