As you’ll no doubt know by now, all pandemic-related restrictions for travel to St Kitts and Nevis have been lifted. Despite this being the height of the hurricane season there has been a surge of visitors to the islands with people keen to return their favourite haunts and hidden corners. It is, after all, the time of year with fewer tourists and more interaction with the locals, a special time for sharing a real love of St Kitt and Nevis. Despite there being very real concerns associated with hurricanes – and as we write this we think of those in Cuba and Florida and across the other side of the world in the Philippines – the advantages of science and technology mean we can be largely protected. Warning systems are in place giving people ample time to evacuate if they wish, and houses can now be built with everything from hurricane-proof glass in the windows to automatic back-up generators that help us keep in touch with the outside world.
There is another hurricane going on as we write, with the financial markets caught up in something of a vortex. But as ever where currency markets are concerned, each potential loss is counterbalanced with a win. Now is the ideal time for British homeowners on Nevis to consider selling since the transactions are of course carried out in US dollars. The falling value of the Pound need not mean devastation. More properties have sold on the islands in the last year than ever before and the impact of the pandemic is still being felt: people want new lives, a new way of looking at things, and a retreat in case it all happens again.
There is also an incentive for buyers. The Nevis Island Adminisitration waived the 10% Alien Land Holder License (ALHL) fee, which is based on the purchase price, until December 2022. With the strength of the US dollar and the ALHL waiver aligned, now could be the perfect time to sell.
Contact us to to learn more about our listing services.