Virgin Gorda Real Estate: General Information
Part of the British Virgin Islands, just east of the USVI,
Virgin Gorda villas for sale are part of a quiet, undeveloped place that's still
well-connected to the outside world. Island residents speak English and the USD
is its official currency. Visitors arrive via flights or ferries from St. Thomas
or Tortola, making Virgin Gorda real estate a good option for peace-seekers. Virgin
Gorda villas are also surrounded by excellent sailing and scuba diving.
- Stamp duty: 12% of the purchase price, paid to the government by the buyer
- Non-belongers license (including UK citizens): typically $800-$1,800, including
application and processing costs
- Legal fees: 2% of the first $100,000 and 1% of the remaining; minimum of $150
- Deposit of 10% is common, but does not bind the contract
- Annual fee paid by non-nationals according to land, starting at $50 per half acre
or less
- House tax levied at 1.5% of assessed value
- Properties can be either freehold or leasehold ownership; land is sold as leasehold
as it is mostly Crown Land
- Financing available on-island: 70-80% of property value for terms of 20-30 years;
interest rates at 7-8%
- House insurance: typically 0.75% of property value per year
This material is based upon information which we consider reliable, but because
it has been supplied by third parties, we cannot represent that it is accurate or
complete, and it should not be relied upon as such. These offerings are subject
to errors, omissions, changes, including price, or withdrawal without notice.