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St Kitts Real Estate

$400,000

St Kitts Real Estate

$400,000

Citizenship through Property ownership

St Kitts & Nevis grants citizenship to foreign nationals against property investment in real estate market from $400,000 plus payment of registration and citizenship fees.

The real estate market in Saint Kitts and Nevis has risen significantly in the island because of more arrival of visitors and new flights to the islands and also because of new real estate developments such as 5 star Park Hyatt hotel, Aman resort and Four seasons resort in Nevis contributing to the boom. There is also Marriott hotel in the island. It is also possible to buy a limited partnership share in various real estate properties with minimum $400,000 and qualify for citizenship. Over 70% of the real estate sales are linked to the citizenship by investment program. In St Kitts the rental yields range from 4.9% to 5.3% as holiday occupancy rates are very high in summer peaking $2000 a week. The price of 1.5 bedroom condos and houses starts from $420,000, 3 bedroom condo houses $750,000 averaging $3020 per sq.m

Note: The real estate option is a recoverable investment however, the real estate cannot be sold until 5 years lockout period after the purchase. After 5 years the property can be sold and will qualify the next buyer for citizenship.

It is possible to buy a share in various big real estate projects which will cost between $430,000 to $500,000. Note that there is an extra share registration government fee involved.

Real Estate Citizenship

Government requires $400,000 real estate investment in approved projects.

On top of the above investment, the following fees are payable to the Government.

  • US$ 50,047.00 for the main applicant.
  • US$ 25,047.00 for the spouse of the main applicant
  • US$ 25,047.00 for each child of the main applicant under the age of 18
  • US$ 50,047.00 for each qualified dependent of the main applicant above the age of 18 other than spouse
  • Children over 18 years but below 25 must be in a full time learning institution and fully supported by parents.

Further, real estate purchase costs must also be paid such as compulsory insurance fund contribution and conveyance fees of approximately 4–5% of the purchase price of the real estate.

Only villas and condominium units from an Government approved real estate developers will qualify for citizenship.

Approved Real estate

The following are the real estate development projects approved by the Government of Saint Kitts and Nevis, which will qualify for economic citizenship.

Saint Kitts Nevis
Beach & Golf Residence Ltd Botanical Gardens
Beacon Heights Busch Hill Gardens
Beaumont Park Butlers Estate Resort Residences
Brimstone Village Castle Bay Villas
Calypso Bay Carino Hamilton Estate
Central Park Estates Cliff dwellers
Christophe Harbour Clifton Gardens
Range Development (Park Hyatt hotel) Fern Hill Villa Development
Christophe Harbour -Windswept Residence Club Fisherman’s Cabana Ltd
Clay Villa Condominium Development Fort Ashby Beach Club
Coast to Coast Development Four Seasons Resort Estates
Dove Properties Ltd Golden Rise Villas and Spa
Golden Rock Commercial Park Hamilton Villas and Spa
Golf View Hermitage Hotel
Half Moon Bay Villas HTRIP Candy Resort
Heldons Estate Hotel and Residences Jones Estate Villas
Heritage Plantation Kingfisher Club
Hillsboro Sunset Suites Live Nevis
Horizon Villa Live Nevis Life Ltd
Kittitian Hill Montpellier Plantation Inn
Kittovation Ltd Mount Nevis Hotel
Koi Resort and Residences Nelsons Spring Beach Villa and Spa
Leeward Cove Nevis Sunset Condominiums
Majestic Gardens Condominium Developments Paradise Palms Ltd
Manor By The Sea Pinney’s Hotel Development Ltd
Marriott Residences Rivere House Cottages Development
Montebello Residences Royal Gateway Estate
Ocean Grove
Ocean Terrace Inn Condominiums
Ocean’s Edge
Oray’s Development
Pelican Bay (Embassy Suites by Hilton St. Kitts)
Pirate’s Nest
Port Zante
Prime Developments Ltd
Rendezvous Hills Limited
Royal Golf Estates
Royal St Kitts Hotel’s Vacation for Life Condominium
Scotch Bonnet
Sea Lofts
Selsoleil
Silver Reef
St Christopher Club
St. Kitts Castle
Starboard House
Sundance Ridge
Sunrise Hill Villas
Sunset Heights Condominiums
SV Condos Ltd 2014
Tamarind Cove Marina Development Ltd
The North Wing (St Kitts Marriott Resort Beach Casino)
Turquoise Waterfront Condominiums Development
University Gardens Condominiums
Vista Villas Inc
Zenith Nevis Alpha Condominium

 

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