Buying in St. Maarten
On the Dutch side of St. Maarten:
- Many properties available for sale, it’s a ‘buyer’s market’
- No annual real estate taxes
- No capital gain taxes, if property owned by individuals
- Low transfer fees and legal costs
- Legal transaction handled by notaries, who represent both buyer and seller
- Real estate transactions done in US dollars
- Cost of living is lower than most Caribbean islands, because of duty free status
- Several large international banks on island: RBC, Scotiabank, First Caribbean ( CIBC)
- There are no restrictions on foreign ownership
- Transactions typically close in weeks, sometimes as little as 2.
- Island is easily accessible, via air and sea
- Stable governments, on both sides of island
- Dutch supervision of Country St. Maarten
And, it’s a wonderful place to ‘live your dream’: Warm, with cooling trade winds, 37 beaches, and many more just a day trip away. As well as extensive duty free shopping in Philipsburg, hundreds of restaurants, casinos, nightclubs and bars and a huge selection of available sports/activities.
On the French side, St. Martin
- There are annual property taxes and capital gains taxes.
- Closing a real estate transaction can take several months.