Saint Lucia Real Estate Law: Insights and Legal Trends
Recent trends highlight Saint Lucia's continuing appeal to buyers in the second homeowners' market and property developers with increased activity post COVID-19, particularly from the US, UK and Canadian markets. The property-owning process has streamlined with the new Aliens Landholding Licence Act and government policies remain friendly to property investors. The move to introduce holistic tourism legislation, with the inclusion of the property sector providing service in the tourism market can only enhance the island as a real estate investment destination. As a small island state, it is imperative before embarking on any real estate journey that a potential purchaser or investor connects with a reputable real estate professional or legal expert for the most up to date and specific information regarding the current state of the real estate market in Saint Lucia.