The St. Lucia Real Estate Buying Process

Sunset in Saint Lucia
Views of Gros Islet Homes from Pigeon Island
Welcome to the Saint Lucian real estate market! We would like to personally welcome and thank you for trusting Golden Hour Group to be your exclusive real estate agents. We are happy to guide you through the seemingly daunting task of investing in a foreign market. This guide serves to provide you with general information. Please keep in mind that the following information is subject to change. To secure exclusive buyers agent representation from the Golden Hour Group, buyers are required to show proof of funds or a pre-qualification letter from the institution of their choice. Although we would love to have our initial discovery session face-to-face, we understand that that is not always possible. We are available via Zoom if face-to-face meetings are not possible. From there, we will have a conversation to determine needs and expectations. If we decide that exclusive representation is well suited to both parties, then we will proceed to the next step of searching for the best properties for your needs. Because we have strong relationships with many real estate agencies and individual agents, we have access to many properties that may not be posted online or on social media.

Start Your Real Estate Journey

Have your proof of funds and ready for your consultation?

Click Here to Contact Us

Our list of attorneys has been carefully curated to ensure that every transaction goes as smoothly as possible. We will introduce you to our chosen attorneys early on for you to immediately get in contact with to ensure that you are fully informed on the process and funds needed for the transaction. You are not required to use an attorney from our list. We welcome the opportunity to forge new business relationships and will be happy to accommodate if you chose to use an attorney outside of our list. When you have narrowed in on the property for which you would like to make an offer, we will submit the offer to the seller or to the sellers agent for acceptance. Once the offer is accepted, your lawyer will draw up the Sales Agreement and you will then pay a 10% non-refundable deposit for the property. The property’s status will then change from “For Sale” to “Under Offer”. Now is the time that the lawyer will ensure that all paperwork is in place while we wait for your Certificate of Eligibility to be approved. Once it is approved, the lawyer will associate the Alien Land Holders License to the property. This total process can take anywhere from 2-6 months. Attorneys fees range from 4 to 7% of the sale price. This percentage range includes the cost of the Alien Land Holders License.
Buyers Services - Villa
Ocean View from Luxury Home

Finally, when the ALHL has been associated with a property, and the transaction is complete, you will receive an Alien Investor Entrance Permit. This permit will allow you to enter the country without having to check into immigration for a Visa.

Buyers are responsible for paying Stamp Duty and all fees associated with the purchase. Responsibilities that fall on the seller are paying for the Survey, Vendors Tax, attorney fees pertaining to the sale, and the realtors Commission. If the home or property being purchased needs improvements or to be built on, permits and approvals will be needed from the Development Control Authority (DCA) before closing. International Business License (IBC) – when a foreign buyer buys an existing business that comes with the land

Local buyers must provide a letter from Inland Revenue for Property Tax Clearance and Income Tax Clearance, as well as a letter from National Insurance for Clearance. The purchaser is required to pay stamp duty, which is 2% of the purchase price, and all associated registration fees. There will be an additional stamp duty of around 1% of the purchase price to register the mortgage. Legal fees are general right around 1% for Local buyers.

Become a Buyer Client

Start your Saint Lucia investment journey.

    Get to know GHG

    Although buying Saint Lucia real estate can seem daunting at first, rest assured that we will be here to expertly guide you through every step of the way.

    Why Golden Hour Group for Buying
    Golden Hour Group Logo
    Facebook-f Youtube Tiktok Instagram Twitter

    Subscriber To Our Newsletter

    Stay updated with our latest newsletter release.

      Find a Property
      Sell Your Property
      Guidance
      Why Us
      Contact Us

      Copyrights © 2023 Golden Hour Group Ltd – All Rights Reserved