Saint John's

Nestled in the district of Saint Mary, Pearns Point is steeped in a rich and vibrant history. This stunning peninsula is home to numerous historical sights such as the Nelson's Dockyard National Park, a UNESCO World Heritage Site. Owing to its coastal location, it offers stunning views of the turquoise Caribbean Sea, an encompassing aura of sheer affluence, and an enduring sense of tranquility. Surrounded by the verdant beauty of the Antiguan landscape, Pearns Point holds a distinguished stature in the realms of luxurious living.

The Pearns Point Property Market

As a coveted destination for luxury real estate, Pearns Point, Saint Mary possesses a strong and resilient property market. The demand for upscale homes and apartments in this area is high, striking a harmonious balance with the current supply. The political and economic situations in Pearns Point are stable, cultivating an environment of confidence for investors and homeowners alike.

Fees, Commissions, and Taxes in Pearns Point

Knowing the costs associated with buying a luxury home in Pearns Point is vital. As a rule of thumb, buyers typically pay around 5% to 6% real estate commission. Sellers, on the other hand, should expect a similar commission rate. Other costs to consider include transfer taxes, notary fees, possible construction inspection or legal costs. The transfer tax on private property is approximately 2.5%, while the wealth tax is determined individually. When it comes to selling a property, taxes on profit made fundamentally depend on whether the property is a main residence or vacation home. Both scenarios are subject to different tax regulations, which makes it crucial to seek proper financial advice to accurately comprehend the implications.

Mortgages and Loan Circumstances in Pearns Point

Mortgage requirements in Pearns Point are generally flexible. One can typically borrow up to 80% of the purchase price. However, the specifics of each loan vary on individual circumstances, taking into account the ratio between own and foreign capital as well as income requirements.

Living in Pearns Point: Amenities and Attractions

Luxury living in Pearns Point doesn't fall short of expectations. The most expensive and sought-after residential areas can be found along Peninsula Road and in the lush locales of Jobson's Bay. In terms of accessibility, the area is well-connected with well-kept roads and is a scenic drive away from the capital city of Saint John's. Pearns Point is approximately 16 kilometers from VC Bird International Airport, making international commuting seamless. Educational institutions in the vicinity include the prominent Island Academy International School.

Luxurious Lifestyle in Pearns Point

Pearns Point promotes a life of opulence and grandeur with a plethora of luxury retail shops, high-class hotels, and delectable fine-dining options. The area holds numerous historical, cultural, and sporting events annually, complementing its vivacious spirit. Its extravagance doesn't end there; with top-notch galleries, theaters and clinics easily accessible. In conclusion, buying a home in Pearns Point, Saint Mary offers more than just a property; it provides an elevated lifestyle characterized by luxury, tranquility, and engaging cultural vibrancy. Living in Pearns Point assures abundant amenities, stunning natural surroundings, and an atmosphere of affluence, with an ever-resilient real estate market.