A Guide to Buying Property in St Lucia
Situated northwest of Barbados, St Lucia is an island in the Caribbean. As it is a volcanic island it’s not hard to see why it is so popular with tourists. The beautiful Caribbean climate is second to none and is one of the main reasons people choose to either relocate here or to purchase an investment property.
St Lucia is a glorious holiday destination and the ability to purchase investment properties and make a successful business in doing so, is on the increase. You can expect to find a great range of properties in St Lucia; from holiday homes on the beach to condos or apartments in the towns and cities.
St Lucia is very “old world” and is a beautiful scenic country which has a large range of properties with breathtaking views out over the Caribbean.
The St Lucian Property Buying Process
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You will need a solicitor for legal advice and also you will need to consider a translator if you are not fluent in the language. High street banks such as HSBC and Barclays offer overseas mortgages so when purchasing a home in St Lucia you can have easy access to a mortgage which will be easy to understand and repay.
You will usually have to pay a 10 to 30 percent deposit for your new home and this is done once the initial contracts have been signed. You will be happy to hear that the procedures are similar to that in the UK so you shouldn’t need to learn too much while you are house shopping.