Nestled in the warm waters of the Caribbean Sea, the paradisiacal island of Sint Maarten sparkles with its rich history, picturesque landscapes, and captivating culture. This island was once the battleground for many historical sea battles between French and Dutch forces, with both countries still maintaining their respective sides. Sint Maarten is dotted with numerous historical places such as the Sint Maarten museum and the old Dutch forts. The island's geographical position, surrounded by the untamed beauty of the ocean, makes it a mecca for the exclusive real estate market.
The Luxury Real Estate Market in Sint Maarten
Sint Maarten boasts a strong and stable luxury housing market due to its attractive lifestyle, where luxury, comfort, and beauty harmoniously come together. This attracts influential individuals worldwide, increasing the demand for luxury homes and apartments. The supply of such homes is adequate, with exclusive properties spread across the island's landscape, ranging from beachside villas to penthouses boasting views of the open sea.
Sint Maarten's Stability
Both politically and economically, Sint Maarten is stable. The island has a diversity of businesses and income sources, and it is a popular destination for tourists. The government is strong and geared towards development, contributing to a favorable investment climate.
Real Estate Commission and Additional Costs
When buying a luxury home in Sint Maarten, the buyer typically pays a commission of 3-5%. For sellers, this commission can increase to 6%. Additionally, when purchasing a luxury home or apartment, one should consider additional costs such as transfer tax (4% of the sales price), notary fees, and costs for potential structural inspections or attorney fees.
Taxation in Sint Maarten
Sint Maarten imposes a transfer tax of 4% on private real estate, and there is no wealth tax on owning a private home. When selling a house or apartment, whether it's a primary or secondary residence, there is no capital gains tax on the profit. For registered companies in Sint Maarten, the corporate tax is 34%, and income tax for registered residents ranges from 0% to 48%, depending on the income.
But this is merely an introduction. If you'd like to learn more about living in Sint Maarten, including specific local information and insights, please continue reading below.