ANGUILLA Trends and Developments Contributed by: Nina Rodriguez, Webster Legal
stamp duties for foreign purchasers, aimed at incentivising real estate investment. Luxury properties have emerged as a particularly sought after segment within the Anguillian real estate market. International buyers, drawn to the island’s pristine beaches and exclusive life - style offerings, are driving demand for upscale residences. Recent transactions underscore this trend, with several high-profile sales, including a notable deal fetching USD16 million for a lav - ish nine-bedroom villa. Such transactions not only showcase the desirability of Anguillian real estate but also demonstrate the willingness of investors to invest substantially in the island’s flourishing hospitality sector. Looking ahead, the trajectory of the Anguilla real estate market appears promising, maintained by a confluence of factors including sustained tourism growth, favourable government policies, and an increasing appetite for luxury living in an unparalleled tropical setting. As the island con - tinues to captivate investors and tourists alike, its real estate sector stands poised for further expansion and prosperity in the years to come. Reduction of stamp duties on property transfers for foreign investors In an effort to further stimulate the real estate market, the government of Anguilla has reduced the stamp duties payable by foreign purchas - ers until 31 December 2024. Currently all foreign purchasers are subject to the following stamp duty rates: • 5% (reduced from 12.5%) on the value of developed property for all Alien Land Holding Licensees; or
• 6.25% (reduced from 12.5%) on the value of undeveloped property for all Alien Land Hold - ing Licensees. In addition, there is a 5% stamp duty payable on all property transfers. Recent initiatives aimed at stimulating real estate investment, such as the reduction of stamp duties for foreign purchasers until December 2024, underscore the government’s commit - ment to fostering economic growth. Anguilla’s participation in the UK’s Ocean Conservation Blue Belt Programme further demonstrates its dedication to sustainable development and envi - ronmental stewardship. By managing its coastal and marine resources responsibly, Anguilla aims to ensure the long- term viability of its economy and environment. These initiatives, combined with the island’s inherent charm and appeal, bode well for con - tinued growth and prosperity in Anguilla’s real estate market. Conclusion In conclusion, Anguilla’s allure as a premier real estate destination remains unmatched, driven by its pristine natural beauty, favourable tax envi - ronment, and commitment to sustainable devel - opment. The recent trends and developments within the Anguillian real estate market point towards a promising future, attracting inves - tors seeking both financial returns and a slice of paradise. As Anguilla continues to evolve and thrive, opportunities abound for those looking to invest in luxury living amidst tranquility and natural splendor.
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