Find Property and Real Estate expertise in St Kitts and Nevis
In 2007, St Kitts and Nevis’ real estate development began to increase rapidly and, despite slowing in 2009, the property market continues to display an upward trend. For overseas buyers St Kitts and Nevis is an attractive place to buy property due to its citizenship-by-investment programme which offers citizenship and other benefits in return for cash payments and property purchase. The country has a pro-landlord rental market characterized by short-term rental agreements, an absence of tax on rental income and no capital gains tax, with the exception of assets sold within one year. However, yields from rental properties are low to moderate, estimated at around 4% in 2011. Overseas buyers must obtain an Alien Land-Holding License, which can be purchased for 10% of property value. There are around 40 estate agents in St Kitts and Nevis, examples are Sugar Mill Real Estate on Nevis, and B Kassab and Associates on St Kitts.