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How much does a villa in Saint Barth cost?

Posted by wimcoreadmin on August 20, 2022
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Elegant luxury living awaits you in St Barts. Have you been wondering, “where can I find property in St Barts?” or “how should I proceed? This guide discusses the real estate market, the buying process, and the taxes you need to know.

Besides its natural beauty, St. Barth’s luxurious property also boasts world-class restaurants and boutiques. Strict zoning laws protect St. Barth’s beaches. St Barth’s condos for sale are rare – only a few are available. They have private pools and beach chairs and are mainly rented by the week. Find your perfect property in St. Barths. Read on.

Market Overview – St Barts Real Estate

It is a French overseas territory, like Martinique and Guadeloupe. Despite its tiny size, this small beautiful island oozes Frenchness, where the Caribbean beauty meets French culture. St Barts is famous for its prestigious annual events, such as Les Voiles de Saint Barth

price st barts villa

On St Barts, there are abundant hillside and beachfront villas that offer a luxurious lifestyle as well as an excellent investment. They are Lorient, St Jean Beach, Flamands Beach, Pointe Milou, Corossol, Flamands, Grand Cul de Sac, Flamands, Lurin, and Toiny.

Property search on St. Barts

Like in any other place, St. Barts Wimco Real Estate agents can help you find a luxury villa or land for sale in St Barts. All along the way, the agent will advise you and negotiate for you if necessary. The seller and buyer have to decide on the sales price, and the currency exchange is not underway. A Notary uses this document to prepare Purchase and Sales Agreements. Authentic Deeds of Sale usually take three months to prepare. Classification of this document results in a definitive transfer.

How to buy real estate on St Barts

St Barts property buying typically includes the following steps: 

• Find your dream home

• Put in an offer for the property you want. 

• Upon acceptance of the offer by the seller, a notary drafts the Purchase and Sales Agreement. A real estate notary clears titles and registers deeds. 

• The buyer usually pays the balance, taxes, and fees within 60 to 90 days of closing. 

St. Barts’ property owners tend to be Americans and French, with a few Europeans and Canadians joining them. Non-residents can buy real estate on St Barts.

Real estate prices in St Bart

St Barth is an excellent place to buy property. A significant institution will finance the project. 

Currently, the island is in high demand. Typically, two-bedroom villas with views are over $1.5 million, and the building on the property is over $3 million. Keeping the island small and comfortable prevents people from building everywhere, ruining its unique attributes. 

There are around 100 transactions per year on St. Barts. Most villas cost 3.5 to 5 million euros (and 1.5 to 2.5 million euros for an apartment).  At that price, there would be little privacy, infinity pool or ocean views in a home. Private Villas with beach access can cost up to 20 million euros.

Saint Barts real estate taxes

Rents retrieved from Saint Barths real estate are not subject to income tax. There is a tourist tax of 5% on rentals paid by tenants. Brokers generally collect and pay the fee. 

The capital gain tax applies to transfers of real estate property or any rights to these properties or shares, units, securities, or other interests in real estate property companies in Saint-Barthélemy or elsewhere.” In the first eight years, capital gains tax is 35%, then 20%. After the eighth year, capital gains are reduced by 10%.

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