As a UK citizen, what are the procedures to follow when buying property in Antigua?

Navigating the property purchase process in a foreign country can seem daunting. However, we've got you covered with a comprehensive guide tailored specifically for UK citizens looking to acquire property in Antigua.

For UK citizen non-nationals, purchasing property in Antigua involves a streamlined process consisting of several essential steps:

1. Property search: Begin by exploring the market to identify properties that align with your preferences and budget.
2. Offer submission: Once you've found a suitable property, submit an offer to the seller through your real estate agent or directly.
3. Legal procedures: The seller is typically advised to engage a lawyer who will oversee the legal aspects of the transaction. This includes preparing the Deed of Sale, conducting due diligence on the property, and applying for the Alien Landholding Licence if it's not part of a Citizenship by Investment application. The licence usually costs a minimum of 5% of the property value and can take up to four months to be approved.
4. Deposit payment: Upon acceptance of your offer, you'll be required to pay a deposit to secure the property.
5. Paperwork finalization: Your lawyer will handle the completion of all necessary paperwork for the property transfer, ensuring that all legal requirements are met.
6. Completion of the sale: The final payment for the property is made once the Alien Landholding Licence is granted, if applicable.
7. Settlement of taxes and fees: Before finalizing the purchase, all required taxes and fees associated with the transaction must be settled.

Having expert guidance throughout this process can significantly simplify and expedite the property acquisition journey. Park Lane Properties offers invaluable assistance in navigating the Antigua real estate market, ensuring a smooth and stress-free experience. Reach out to explore available options, schedule property viewings, and obtain comprehensive information to make informed decisions about your investment. So, grab a seat and let's explore the path to making your dream of owning property in Antigua a reality.