ocated in the Eastern Antigua's population, the
Caribbean, about 1,200 majority are of African descent.
miles southeast of Miami However, a great many residents
lies the island of Antigua. This do hail from Britain, the United
small, 108 square mile island States, Portugal, and other
with a population of origins. Additionally, quite a
approximately 78,000, is quickly few Europeans and North Americans
becoming an investor's paradise. have retired permanently to
Antigua real estate is a hot Antigua. This makes Antigua real
property with a variety of market estate a very attractive
offerings. investment for those who want to
cash in on the island's 1.3
Its mild, tropical climate ranges percent annual population growth.
from 76°F (24°C) to 86°F (30°C).
January and February offer the Know the ropes for Antigua real
coolest temps of the year while estate
August and September, the warmer.
With the average annual rainfall There are a few things that are
at about 42 inches, the heaviest different when making a purchase
being during the summer months, of Antigua real estate than when
the pleasant climate is regulated purchasing property from other
by cool breezes and a areas.
surprisingly low humidity level.
Antigua real estate is attractive When there is a purchase of
to those wishing to locate to the property in Antigua, the buyer
area, those seeking vacation must usually pay 2 ˝ percent of
properties and those who wish to the agreed sale price of the
cash in on the tourism traffic. property. This is for stamp duty
and is to be paid to the
Of the 78,000 people who make up Commissioner of Inland Revenue.
freehold property buyers much pay
Non residents of Antigua must a 2 ˝ percent government
purchase a "Non-Citizen Land purchaser's tax.
Holding License" in order to be
able to purchase property in Approximately 2 percent of this
Antigua. The approval time to is for legal fees while the
receive permission to purchase remaining .5 percent, if
this Non-Citizen Land Holding applicable, is for a
License is usually anywhere from non-citizen's landholder's
three months to six months. license fee. An additional tax in
the amount of 7 ˝ percent must be
All legal fees, preparation fees paid it the property is resold at
and execution fees of the a later date. In general, it
"Instrument of Transfer" are the takes approximately four months
sole responsibility of the buyer. to even six months to obtain a
This stipulation shows good faith property in Antigua.
of the buyer in adhering to and
following all required If you are a non-national and are
obligations and allows him or her seeking to purchase a property in
to have the property legally Antigua, you should be prepared
vested in their name. to provide your own capital.
Local bank loans are quite
Property purchase requirement difficult to obtain. Also, a cash
purchase of your property can be
In order to purchase Antigua real more attractive because mortgage
estate property, the non-national balances are taxed a 3 percent
buyer must obtain permission from five year recurring advanced tax
the Cabinet. All taxes pertaining for buyers who are non-residents.
to the purchase of the property In short, though, purchasing a
must be paid. For instance, real, home, rental or investment
property in Antigua can be quite ropes.
advantageous - once you know the
About the Author:
Seth Willis Jr. is the webmaster for http://www.planetpads.com and a savvy real estate investor. His focus for Planet Pads is to allow users to showcase their real estate from all over the world .Users can browse properties , rentals , vacation homes and commercial properties from every corner of the globe.
Read more articles by:
Seth Willis Jr.
Article Source: www.iSnare.com 
