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Martinique 414.500 pop flourishes as a tourist destination, with an average per capita income of 10,700, almost entirely restoration on the French market, it is one of two departments in France overseas Caribbean with Guadeloupe DOM as the other.
Martinique is very beautiful, especially the East Coast that has a wild feel, unexplored, such as the Grenadines, without all the yachts He still has a romantic feel, in the Caribbean, which is increasingly built is beautiful landscape, bananas, sugar cane, pineapple fields Unlike St. Lucia, in the middle of the island of Martinique is very quick and easy to access, and it is easy to see the very interesting geography and then there has a very good kitchen.
As in France, there are no restrictions on foreign ownership of property.
Prices were astronomical, said Douglas Rapier Trump Real Estate in Fort de France Martinique This is one of the results of the Girardin Act, which allows 40 of a purchase price of goods to be written off against future tax payments .
The prices here have gone beyond the capacity of ordinary people to bear the past three years, housing prices rose about 20, says Rapier.
Average prices have indeed risen above the maximum limit of Girardin Act Ђ2,025 per m² on the interior living space comprising 14 m² balcony Land prices have also risen sharply.
Martinique property prices have dropped a little the current average price per square meter of property in Martinique is 3,600, while last year it was 4.100 downward trend of property prices is observable for apartments and houses Fort-de-France, as well as apartments and houses located in coastal areas such as Diamond, Three-Оlets, St. Anne and St. Luce.
Lower prices, however, has not been fully reflected in falling rents so rental yields coastal apartments rose 4 35-5 A 48 m apartment 80 sqm last year were poor yields hire 4 20 Le same apartment can win today moderate rental yields 5. 16
Our sample size of houses this year was small, and we did not have enough cases to the sample of house rents.
Martinique transaction costs range from high to very high.
Total transaction costs return i E, the cost of buying and selling property, range from 16 to 27 for more than 5 years old properties.
New unprecedented resales properties have transaction costs return 27 6-44 years, because of the April 15 tax fees for old buildings are set at 8, but 2 to 5 for new.
Martinique follows French law rental, which is very pro-tenant.
Rent Although the initial rent may be freely agreed, the rent can not be revised once a year, instead of increasing the INSEE new rental index in combination with a very restrictive contract structure, this means that rentals of old apartments tend to drag well behind new rentals and prices.
Security A tenant unfurnished property contract has, at minimum, a three-year term, although the contracts provided goods can be a year in both cases, even if the end of the contract, the owner can not recover property if he or a family member intends to live there, or he intends to sell Additionally, expulsion by the legal system takes a long time.
The other French overseas department in the Caribbean Sea.
Martinique 414.500 pop flourishes as a tourist destination, with an average per capita income of 10,700, almost entirely restoration on the French market, it is one of two departments in France overseas Caribbean with Guadeloupe DOM as the other.
After the French Revolution, many of the French aristocracy of Martinique were executed, which gives breath to the area of the middle class and partly as a result of Martinique is more dynamic and less likely to independence movements that Guadeloupe.
The ministries are part of the French tax applicable French Republic and the French citizenship rights are given ministries send representatives to the National Assembly, the Senate, and to elect a member of the European Parliament Martinique is now represented in the French Parliament by four deputies and two senators They also use the euro as currency.
Martinique is preparing for international investment Previously, the Martinique is quite cold shoulder to tourism There is certainly a feeling that Martinique should be moved to the high-end tourism Housing quality is very good.
Martinique is very beautiful, especially the East Coast that has a wild feel, unexplored, such as the Grenadines, without all the yachts He still has a romantic feel, in the Caribbean, which is increasingly built is beautiful landscape, bananas, sugar cane, pineapple fields Physically, you can easily enter the island as opposed to St. Lucia, the center of the island is very quick and easy access, it is relatively easy to see the very interesting geography and then there's great food.
Price 2979 m² For a property of 120 square meters, usually an apartment.
12 To return rental 5 a property of 120 sq m, usually an apartment.
Income tax Assumptions October 00 The owners are a non-resident couples drawing US 1 500 per month for rent, with no local income.
16 30 Cost return The total cost of the purchase and sale of an apartment includes.
All taxes on transactions and legal fees and expenses of notary agents fees.
Assumptions buyers are non-resident aliens The apartment cost $ 250 000 250.00.
Cap Gains Tax Assumptions June 45 The property was purchased for 250 000 US 250 000 and sold 10 years later, after an appreciation 100.
Right Tenant Strongly Pro-renter is based on a detailed study of the law and practice in each country.
Real Estate Investment in Martinique Martinique, property, Martinique, Real.
Мартиника