EXCLUSIVE PROJECTS |
EXCLUSIVE PROJECTSMarriott Condominiums - St. Kitts
ST. KITTS REAL ESTATE (cont.)All beaches are public and have at least one established access. Construction costs averages US $130 per square foot for turn-key construction. A 2,000 square foot house takes about 6 months to build. There is a good Government water supply below the 800' contour. Water costs EC $10 (US $3.70) per 1,000 gallons. Electrical charges for a average family in a 3 bedroom house is roughly EC $450 (US $170) per month. Property insurance (fire, hurricane, earthquake) costs 1% of the sum insured. There is no personal Income Tax or Inheritance Tax. NEVIS REAL ESTATEThe Island of Nevis has an area of 36 square miles. Mount Nevis Peak is 3,232 feet high and the population is about 12,000. Purchaser pays no taxes on sale price. The only extra cost are legal fees, which are calculated as a percentage of the purchase price. Legal fees average about 2%. |
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