The Independent states that “St Lucia is being tipped as the new Barbados – but without the crowds.”
St Lucia: Buyer’s guide
- Property investors have no capital gains, inheritance tax or VAT to pay.
- There are plans to change immigration policy in March 2009 to allow non-national owners investing from $350,000 (£237,000) in property to apply for residency.
- Direct flights are operated by BA and Virgin Atlantic and take around eight hours.
- According to the St Lucia tourist board, tourism grew by 10 per cent in the first half of 2008, while property prices are 40 to 60 per cent lower than Barbados.
Here’s the full article:
Overseas property: St Lucia – Property, House & Home – The Independent.
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