Since the early 50s, Montserrat has been an ideal home away from home for people who enjoy our quiet tranquility, low crime rate and a slower pace of life. As a British-dependent territory, the island maintains stability and is a popular long term residential choice for families from Canada, the United States and Europe.
Thinking of making your commitment to the Emerald Isle of the Caribbean a bit more permanent with home ownership? Look no further than this guide for what you need to know to buy a home in Montserrat.

There are no restrictions on foreign buyers acquiring property in Montserrat. To purchase land, the buyer must apply for an Alien Land Holding License (ALHL) which costs $2500 or 5% of the purchase price (whichever is greater). Your application must be accompanied by a copy of your passport, a police certificate from your country of residence, source of funds proof from your bank and utility bills showing your home address. Approval takes between four to eight weeks.

Buying real estate in Montserrat begins with a property search. Make an offer with the homeowner or their real estate representative. Once your offer has been accepted, you must hire a local attorney to assist in applying for the ALHL and for preparing the contracts.

A deposit of 10% of the agreed price is due upon signing of the contract. Ensure that the sales contract is conditional on the application and approval of the Alien Land Holding License.

Once you have received approval for the ALHL, the buyer will need to transfer the balance of the purchase price usually within 30 days.

Be sure to pay all required taxes and fees. Upon closing, the seller must sign a memorandum of transfer and the buyer will then receive the title (land certificate) for the property.

A Transfer fee and Stamp Tax equivalent to 2.75% of the property (exclusive of the contents) must be paid.

Buyers will need to cover the attorney’s fees, which typically totals 2% of the purchase price.

Montserrat property owners are billed an annual residential land tax rate of 0.05% and building tax rate of 0.025%.

Check out this list of property management companies to find your new home on Montserrat.