The cost of buying property in Antigua And Barbuda: taxes & fees
Purchasing property in Antigua and Barbuda involves several costs beyond the initial price you see. It's important to understand these one-off and recurring expenses to budget accurately.
This guide outlines the key buying costs, including transfer taxes, fees, and ongoing ownership expenses, helping you make informed financial decisions.
One-Off Purchase Costs
When buying property, you can expect to incur various one-off costs. These typically include transfer tax, notary fees, and legal fees. Transfer tax in Antigua and Barbuda is usually around 5% of the property value, but this can vary based on several factors.
Notary fees and registration costs can add another 2% to 4% to your expenses, depending on the complexity of the transaction and the property's value.
Example Scenario
Let's say you purchase a property valued at around USD 300,000. Based on the estimated costs, you would budget for approximately 7% to 9% in total one-off costs, which would cover transfer tax, notary and legal fees.
In this example, your total one-off costs could range from USD 21,000 to USD 27,000, bringing your total upfront expenditure to around USD 321,000 to USD 327,000.
Recurring Costs of Ownership
Once you own a property, several recurring costs will continue to apply. These include property tax, which is generally around 0.1% to 0.5% of the property's value annually.
Additionally, you'll need to factor in costs such as homeowners' insurance, utility bills (water, electricity, etc.) and, if applicable, community or condominium fees.
Property Tax and Fees
Annual property tax rates can vary significantly depending on the location and value of the property. It's advisable to confirm with local authorities or a qualified accountant for accurate estimates.
Condominium or community fees can vary widely based on the amenities provided and the property's location.
Mortgage Costs for Non-Residents
If you're considering financing your property purchase through a mortgage, be aware that non-residents may face stricter terms and higher interest rates. Lenders often require a larger down payment, typically around 30% or more.
It's important to consult with a local mortgage broker to understand the specific conditions and to find the best financing options available.
Consultations Are Essential
It's crucial to seek advice from a qualified lawyer or accountant familiar with property transactions in Antigua and Barbuda. They can provide tailored guidance based on your situation.
Ensure that you verify all financial figures and regulations through official sources rather than relying solely on estimates.
Frequently asked questions
What is the typical transfer tax for buying property in Antigua and Barbuda?
Transfer tax usually ranges around 5% of the property value, but this can depend on specific circumstances.
Are there ongoing costs after purchasing property?
Yes, owners typically incur annual property tax, insurance, utilities, and potentially community or condo fees.
How much should I budget for one-off purchase costs?
It's wise to budget around 7% to 9% of the property purchase price for one-off costs.
Can non-residents get a mortgage in Antigua and Barbuda?
Yes, but non-residents may face higher rates and stricter terms, including larger down payments.
This guide is general information, not legal, tax or immigration advice. Rules change — verify the current position with official sources and a qualified professional before acting. Last reviewed September 2026.