Property purchase costs in US Virgin Is. compared to Caribbean
|St Kitts and Nevis||29.70%|
|Turks & C. Is.||16.10%|
|Trinidad & T.||11.41%|
|US Virgin Is.||10.00%|
US Virgin Is.: Round trip transaction costs (%).
The total cost of buying and then re-selling a residential property, including all costs (except the sale price itself), expressed as percentage of the property value.
- The property is purchased by a non-resident foreigner in the country where he/she is buying
- The property is worth US$250,000 (250,000 for Europe)
- The property is paid in cash
- The property is a condominium located in a major city
- The property is not newly-built
- The property is bought from an individual and not a developer or real estate holding company.
Transaction costs can be broken down into four major cost areas:
- Registration costs
- Real estate agent fees
- Legal fees
- Sales and transfer taxes
Other incidental costs (survey fees, residency permit cost, or company setup costs), are not included in our calculations. In most cases value added tax (VAT) is not included, because our figures reflect the purchase of old, not new, properties.
Costs paid by buyers and sellers vary widely. Agents and lawyers costs are often negotiable. Buyers of expensive properties often pay proportionately lower agents fees. For the full spectrum of possible transaction costs see the Country | Buying Guide.
For fuller details see the Data FAQ.
Source: Global Property Guide Research
US Virgin Islands does not publish official house price statistics. There are house and condominium price data for St. John Island from the Multiple Listings Service, compiled by Cruz Bay Realty. General economics statistics are from the International Monetary Fund, US Census Bureau and the US Virgin Island Bureau of Economic Research.