Find Property and Real Estate expertise in Saint Lucia
Saint Lucia’s property market slowed in 2009 but is comparatively strong amongst the Caribbean Islands in light of being seen by holidaymakers as a good place to invest. Whilst there is an absence of official house price statistics, the northern coast has the most residential developments and accordingly sees the highest house price rises. In 2008 Saint Lucia’s mortgage market was worth 20.8% of GDP. It is, however, common for residential properties to be paid for in cash and US dollars rather than through mortgages.
The majority of Saint Lucia’s private rentals are directed at the short-term vacation market. Foreign individuals must obtain a landholding license before they can acquire a property freehold. Areas such as Anse la Raye and Rodney Bay are popular with overseas buyers. There is an ample supply of well-organised property marketing companies in the country. Estate agents include Doubloon Real Estate Ltd, Blue Reef Real Estate and Terra Real Estate.