Property for Sale in Trinidad & Tobago, Caribbean

Overseas buyers searching for luxury property in the Caribbean should take a good look at Tobago. This small island has so many benefits that overseas investors have been buying land in Tobago at an alarming rate. The Trinidad and Tobago Government have now started a licensing system to monitor international buyers so that the small island does not become so expensive that local people could not buy property on their island.

A new law took effect in Tobago on 16 February 2007 known as the Foreign Investment (Tobago Land Acquisition) Order 2007. The Order states that foreigners must now obtain a license to acquire land for any purpose on the whole island of Tobago. Foreign nationals wishing to invest in larger properties of over five acres must apply for a development license through the Tourism Development Company (TDC). The TDC will facilitate applications, and advise on fiscal incentives.

Real estate in Tobago is still relatively inexpensive compared to islands such as Barbados for example. The tropical climate, easy access and strong, well-rounded economy combine to make it one of the best investments in the Caribbean.

The process of buying land and property in Trinidad and Tobago is straightforward and similar to many other Caribbean nations. Foreigners and foreign companies may purchase up to one acre of residential land and/or up to five acres of commercial land without applying for a license. Any purchases over these amounts and you must apply for an Alien Landholder License through the government.