Property has always stood as a pillar of strength in terms of relative security and in terms of risk when talking about investment. So maybe you have your own home or at least are paying off your mortgage, even luckier still you have a second mortgage that is interest only – you are gaining from purely the rental value and perhaps inflationary or property initial purchase price rises. But where might you go then?
Instead of a second local property, you might look abroad. From new tax efficient regions such as the new Ras al Khaimah Zone, where this is worth a look vs. a culturally similar Antigua where taxes do apply.
Antigua vs. Europe
Unfortunately, Europe is not stable in terms of its economy as once was and prices are low but may remain low too. If you have the time then it could be worth a risk assessment. Buying in the Caribbean where the tourism is guaranteed and indeed is the main source of income makes for a stable environment. From the business perspective being close to the North American Countries and just 8 hours from the UK, Antigua is perhaps a strong contender for the best island. For more info on Antigua and Investment visit Best Antigua.
Buying property and land in Antigua
Quickly speaking on buying a property in Antigua you must add a 5% non-citizen license fee and a transfer fee of 2.5%. The cost of a property lawyer will also need to be factored in. If buying land then there can be some taxes that require paying until a project is completed.
To investors who don’t hold a powerful passport the added incentive of obtaining an Antigua passport as part of an investment from 200k upwards and a process of application is attractive.
So some reasons already to invest in Antigua
- The Citizenship Programme
- Island and Government Stability – Politically and Social stability in a modern world gone mad.
- Good international financial services in place
- A new airport and good docks.
The underdeveloped nature of Antigua hints that prices will go up on the basis that it is still going to remain an attractive area. i.e. it isn’t saturated by a long way.Stable tourism based economy.
It is straightforward to buy property and Land in Antigua
If you are looking for a Real Estate Agent in Antigua then check out Antigua Estates – they have a fantastic team with all the experience you need.
The CIP is a fast service so long as there are no due diligence complications.
Where should you look in Antigua?
Antigua is relatively safe so you could simply answer this with anywhere!
However, if you are looking for popular spots based on natural beauty and infrastructure then you might consider this a quick list to get started.
Galley Bay Heights; if it’s good enough for Giorgio Armani then it’s probably good enough for you. Out west on the superb headland, you can invest millions in Luxury Caribbean Villas.
Jolly Harbour; With fantastic beachfront land and villas available and the Harbour Island still underdeveloped you can find exactly what you need. Within the islands largest gated community is a marina and boating services oh yes and a golf course restaurants gym and much more.
St James Club; To get that holiday feeling you could invest in a property on a resort to get rental income while also enjoying the property yourself too. Located close to English Harbour this is another location for consideration.
Oh, what to do…
So whether you are investing for longer term or interim you might be surprised what Antigua has to offer and how the range of property prices can be affordable to even the emerging middle classes of the UK, USA and Canada. It’s certainly a safer bet than most. The research could also prove fun. Come check out Antigua.
DISCLAIMER: This article expresses my own ideas and opinions. Any information I have shared are from sources that I believe to be reliable and accurate. I did not receive any financial compensation in writing this post, nor do I own any shares in any company I’ve mentioned. I encourage any reader to do their own diligent research first before making any investment decisions.
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