Low-income households in St Lucia are considered to be those families with a combined monthly household income of between seven hundred and fifty and two thousand Eastern Caribbean dollars (XCD 750.00 and XCD 2000.00). They either rent or rent-to-own homes because their incomes are inadequate to afford the purchase a home in St Lucia, though […]
Middle-income households in St Lucia are those persons with a combined monthly household incomes of between two and four thousand Eastern Caribbean dollars (XCD 2000.00 –4000.00). They generally own and afford freehold duplexes or townhouses on St Lucia.
Dwelling Unit: A dwelling unit is any building or separate and independent part of a building in which a person or group of persons is living at the time of the census enumeration. It must have direct access from the street or common landing, staircase, passage or gallery whereoccupants can enter or leave without passing […]
Lifetime Enjoyment of Land in St Lucia In Saint Lucia there is a possibility of “lifetime enjoyment” of land owned by the Crown. In the Saint Lucian context, “lifetime enjoyment” does not carry any form of rent or payment. The closest existing legislative arrangement to achieve this would be an emphyteutic lease, a lease by […]
Rent-To-Own in St Lucia Schemes known as rent-to-own, rent-to-buy, or renting with the option to buy combine the advantages of renting and homeownership by channeling a portion of the rent towards the possible purchase of the property. United Kingdom The UK has a legacy of rent-to-buy programs dating back to the 1980 Housing Act, which […]
St Lucia Housing Cooperative What is cooperative housing? Housing cooperatives rely on shared ownership of a development without private ownership of a unit, with variations in how this model is applied. In general, they are viewed as a sort of hybrid between rental and ownership, with many of the benefits and drawbacks of each. Housing […]
St Lucia Freehold Townhouses What is a freehold townhouse? Freehold townhouses are often discussed alongside condominiums and even colloquially referred to as such but are fundamentally different. Whereas the owner of a condominium only owns the interior of a unit, a freehold owner owns the home itself and the plot of land it sits on. […]
What is a condominium? Condominiums usually resemble apartments, but may take the form of ground-oriented townhouses. Newer condominiums are purpose built, with individual units made available as rental apartments by their owners. In some cases, older condominium apartment buildings were constructed as purpose-built rental units, but converted to ownership. The distinguishing feature of condominium ownership […]
Condominium What is a condominium? Condominiums usually resemble apartments, but may take the form of ground-oriented townhouses. Newer condominiums are purpose built, with individual units made available as rental apartments by their owners. In some cases, older condominium apartment buildings were constructed as purpose-built rental units, but converted to ownership. The distinguishing feature of condominium […]
Judicial Sales Process in Saint Lucia The judicial sale is an auction where a property is sold to a highest bidder who is referred to as the purchaser. Buying foreclosed homes in St Lucia is different from the USD, UK and Canada. Repossessed Properties for Sale The properties scheduled for judicial sales are advertised three […]