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Dominica Property Guide - Property Investment.
Property prices in Dominica are low compared to those in Western European countries.There is not a lot of property for sale in Dominica, and those buying in the Caribbean Dominica should consider a long term investment.
There are a lot of improvements in Dominica in the recent years and that makes the country attractive to foreign property investment.
A 1 bedroom apartment close to the beach can start from 30,000 $.
A 70 m2 1 bedroom apartment not far away from the beach will cost around 55,000 $
A newly built luxury 1 bedroom apartment will cost you around 70,000 $
A 2 bedroom town house with a living area of 100 m2 and all amenities will cost you around 100,000 $
A luxury, newly built 3 bedroom condos with a living space of 150 m2 will cost you somewhere in the 200,000 $ area.
In Dominica, a villa can be bought starting from around 100,000 $. For that amount you can get a villa with 2 bedrooms a living area of 100 m2 and few hundred m2 of land.
150,000 $ will get you a nice new villa with 2 bedrooms and about 150 m2 living space. For 250,000 $, you can buy a superb villa with 5-7 bedrooms and at least 350 m living area, of course very close to the beach.
Luxury 3-bedroom villa with ocean view can cost you somewhere in the 400,000 area.
A Huge villa with ocean views can go as high as 700,000 $ or more.
Foreigners are allowed to buy land in Dominica, but for those who want to buy more than 1 acre of land for personal use or more than 3 acres for business purposes, they have to apply for Alien's Land Holding License"
This will cost around 150 $ and upon approval a 10% fee of the purchase price has to be paid. Also transfer fees must be paid by the buyer, as follows:
4% stamp duty 2.5%judicial fees 1% assurance fund 3% legal fees.
