Trinidad and Tobago

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Property for sale in Trinidad and Tobago

It is important to know life and the reality of a country before deciding to buy a property. If you are deciding to buy a property in Trinidad and Tobago it is essential to read our report.

Trinidad and Tobago is an island country in Central Caribbean, its capital is Port of Spain.

The nation's capital is a bustling shopping mall and it has numerous examples of colonial-style architecture and some tourist activities to do if you stay here for a few days .

The residential market in Trinidad and Tobago remains weak, with the economy in difficulty due to dependence on oil and gas reserves, particularly in Trinidad. The average price of property for sale in Trinidad and Tobago fell 5.9% during the year and house prices fell by 14.3%.

The country has recovered more slowly from the global financial crisis than some neighbouring countries, with property for sale prices falling by 20%. This is due to the fact that foreign buyers, who mainly come from Great Britain, Germany, the United States and Canada, were blocked by a requirement introduced in 2007 that foreign investors must obtain a license to purchase land and properties for sale in Tobago.

Foreign buyers of property for sale in Trinidad can purchase up to an acre of residential property without a license. In Tobago, on the other hand, no license was granted to foreign buyers because a license requirement was introduced in October 2007.

Buyers are required to pay 5% to 10% stamp duty, in addition to legal fees.

Trinidad and Tobago is one of the richest nations in the Caribbean. Unlike many of its Caribbean neighbours, who rely on tourism, Trinidad depends a lot on oil and gas production.

In 2017, the country's overall inflation rate stood at 1.9%, down from 3.1% of the previous year and the lowest level in 52 years, according to the Central Bank of Trinidad and Tobago. In February 2018, primary inflation was 0.9%. The construction sector is getting a boost from the "Vision 2020" government development plan, which consists mainly of new building projects of properties for sale in Trinidad and Tobago. While many local residents in Trinidad and Tobago are wealthy, 17% of the population lives below the poverty line. Crime involving drugs, guns and gangs remains a challenge, especially in Trinidad, with murders and abductions at the top of the list.

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Real Estate Listings

Sunset Valley Estate is one of the most scenic properties in the Caribbean. The villa is perched along a ridge overlooking picturesque Englishman’s Ba...
Tobago Signal Hill - Fenced in Flat land for sale 7500 sq.ft USD $135000.00. . All offers will be considered.
Cod. 26996

For sale House, Trinidad and Tobago, Caroni, Wyma, Chaguanas

266,519.76USD
For sale
House

278.71 m²
This beautiful modern detached brand new 3 bedroom 2 bath home is set on over 5000 sq ft of land in a secure and quiet residential area in Chaguanas ....
Cod. 21930

For sale Farmland, Trinidad and Tobago, Arima, Arima, North East Coast

3,000,000.00USD
For sale
Farmland

0.93 m²
This is 300 acres of Land located on the North East Coast of the Republic of Trinidad and Tobago. the land is loaded with Teak, Cedar, mahogany and a...
Cod. 19477

For sale Farmland, Trinidad and Tobago, Caroni, Wyma, off Uriah Butler Highway

1,406,632.08USD
For sale
Farmland

29728.97 m²
Freehold land (8 acres) that is ideal for a developer with vision. The price listed is in Trinidad and Tobago currency but it is approximately equival...
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