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St Kitts Real Estate
Thursday, March 10th, 2011 / admin
At Home in Saint Kitts and Nevis

The exotically beautiful Caribbean Islands of Saint Kitts and Nevis, like most Islands in the Caribbean Sea, are lush tropical paradises. They have the kind of beauty that is commonly associated with the South Pacific. The atmosphere is luxurious and provides an inimitable blend of warm sunlight, clear blue seas, fresh, unpolluted air and wonderfully abundant vegetation. Officially the Federation of Saint Christopher (Saint Kitts) and Nevis, it is an independent island nation; the smallest in the Americas in terms of both land area and total population. The capital city is on Saint Kitts, which is the larger island, as well as the seat of the government.

Saint Kitts Real Estate, Economy and Infrastructure

Sugar was the mainstay of the Saint Kitts economy until the 1970’s. Today, tourism, export-oriented manufacturing, Saint Kitts real estate and offshore banking have taken much larger roles in the economy. Tourism is the chief source of foreign exchange; and new tourist facilities, like an extra cruise ship pier, new hotels, and golf courses are being constructed. Growth in the construction sector due to tourism has spurred economic expansion since 1994. The government recently closed the sugar industry after years of continuous losses. It has now begun a program to diversify the agricultural sector and stimulate other sectors. Tourism remains the primary industry
The federation of Saint Kitts and Nevis welcomes foreign investment and offers incentives to buy Saint Kitts real estate in designated areas. Non-nationals are exempt from the 10% alien landholding tax if they buy property in the Frigate Bay and Turtle Beach areas. The purchase of Saint Kitts real estate in designated areas makes the Caribbean real estate investor and their family eligible for ‘economic citizenship’. Property financing is easily available from all the major financial institutions on the Islands for foreign investors. Loan applications are approved under international lending guidelines and banks usually require a 20% down payment of the total cost, proper appraisal of the property and proof of your income in the form of a letter of employment or a copy of tax returns.
St. Kitts real estate is relatively affordable, compared to the rest of the Caribbean. Condominiums start at around $350,000 and single family homes – ocean front – start at about $500,000.

Land Ownership in St. Kitts:

Foreign persons wishing to own land in St. Kitts can do so by:

Freehold: The average price of government land is US$1.50/sq ft (Commercial), and US$1.11/sq ft (Residential).
Lease: Land at the Industiral Site can be leased from the Development Bank of St. Kitts & Nevis at US$444.00/acre annually.
Longterm Lease: The tenure period is 35 years and rent is reviewed every five years.

Additional details should be sourced directly from either or both or your legal, real estate or local St. Kitts & Nevis related Government Ministry. This information is subject to change without notice and you are responsible for your own verification of the details of such land ownership in any transaction that you might undertake.

Source: Government of St. Christopher (St. Kitts) and Nevis: www.gov.kn


Whether you’re seeking to vacation or simply want to purchase Saint Kitts real estate as a second home, you can’t go wrong on this incredible island paradise.

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