Buying Real Estate as a Foreigner on St. Maarten: A Guide to Paradise Ownership
The allure of owning a piece of paradise in the Caribbean is…
St Maartens Real Estate
Let us help you to find your spot in paradise. We cover Grand St Maarten, St Maarten Brac and Little St Maarten for all your real estate needs. We are the St Maarten real estate experts in selling and renting properties on the islands with more than 20 years’ experience on the islands.
Over the past 20 years the St Maartens real estate market has been thriving due to the countries climate, infrastructure, safety record, beautiful nature, amazing beaches and being tax free with no real estate taxes.
From the legendary beauty of 7 mile beach to the pristine lagoons surrounding the islands, Grand St Maarten and its smaller sister islands of St Maarten Brac and Little St Maarten are truly magical.
Let our experienced team of professionals help you in your search to buy or rent real estate or help you sell your property.
St Maartens Real Estate FAQ
Are there any restrictions on foreigners buying real estate in the St Maartens?
Foreign buyers can hold up to 3 properties on their name and there are no restrictions on foreign individuals buying property in the St Maartens. There are no restrictions on the type of land that can be purchased (including waterfront).
A foreigner can also buy land thru a local or foreign company as long as this company is registered at the St Maartens registry.
How long does it take for legal conveyancing to be completed once a property is purchased?
Conveyancing (transferring ownership of property from one person to another) typically takes one month in the St Maartens. There are a number of real estate practices with individuals who specialize in real estate transactions.
How much does legal conveyancing cost?
Legal conveyancing fees are typically equal to one per cent of the value of the property.
On their any restrictions on buying land in the St Maartens?
There are no restrictions on buying land in the St Maartens including waterfront. Buyers have plenty of options on the Island to find qualified contractors and architects to help design and build their property. The St Maartens Planning Department uses the Miami-Dade County Building codes as we are located in an area which can have a hurricane.
In most areas there are no restrictions on the time required to build a property once the land has been purchased.
Is title insurance required in the St Maartens?
Title insurance is not required in the St Maartens because title to real estate is evidenced by registration at the St Maartens Land Registry.
What insurance is required to buy property in the St Maartens?
Property owners are required by banks to hold property insurance in the case of a mortgage on the property. This does not apply for non-mortgaged property but is highly recommended. Most property owners will also want to have content insurance for the St Maarten property.
