Real Estate in Trinidad & Tobago
Last updated on Jan 03, 2024
Summary: An expat looking to buy a home in Trinidad & Tobago should begin by researching the local real estate market. They should look for listings on websites such as Property Finder, Point2 Homes, and RE/MAX. It is also a good idea to contact a local real estate agent who can provide more information about the area and help with the search. Foreigners are allowed to purchase property in Trinidad & Tobago, but there are certain restrictions. Non-residents must obtain a permit from the Ministry of National Security before they can purchase property. Homes in Trinidad & Tobago typically include amenities such as air conditioning, swimming pools, and security systems. Many homes also have large outdoor spaces, such as gardens and patios.
How do I find a place to live in Trinidad & Tobago?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"We do not have children going to the international school, so that opened our options where to live. We chose Moka, Maraval by the golf course. It's green and mountainouse. It's a 10 minute drive to the city or a 15 minute drive to the Carribean, Maracus Beach. The houses are newer and larger. You get more for your money. **Fresh Fruit / Vegetable stands on corners. You won't find that in West Morings," explained one person living in Port of Spain, Trinidad & Tobago.
"One of the best ways to find a place to live in Trinidad & Tobago is to use online resources such as real estate websites, classifieds, and social media groups. You can also contact local real estate agents who can help you find a suitable property. Additionally, you can look for rental postings in local newspapers and magazines. It is also a good idea to ask friends and family for recommendations. Finally, you can visit the area in person to get a better feel for the area and to find potential properties," said one expat in Trinidad & Tobago.
"We were informed by an estate agent the areas where expats tend to live, the areas being West Moorings, Goodwood Park and Fairways Maraval. The Estate agents are very good although you will find that all agents know each other and tend to have the same properties on their listings," remarked one member in West Moorings.
"I looked everywhere and found a gorgeous home in a gated community with NO EXPATS and all upper crust Trinis," explained one expat living in Carenage, Trinidad & Tobago.
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What is a typical expat home or apartment like in Trinidad & Tobago?
"Expat homes and apartments in Trinidad & Tobago tend to be modern and comfortable, with air conditioning, cable TV, and internet access. Many expats choose to live in gated communities, which offer a greater sense of security and privacy. Expat homes and apartments often come with a variety of amenities, such as swimming pools, gyms, and tennis courts. Expats can also find homes and apartments in more traditional neighborhoods, where they can experience the local culture and cuisine," remarked one foreigner who made the move to Trinidad & Tobago.
"We live in a 4 bedroom house with a pool and a small garden which is ideal for the children. There is not much land and the houses are generally overlooked by other houses! Also, because of the high crime rate in Trinidad you will find that there are wrought iron bars on all windows and doors. Some do blend in with the houses and after a while you do tend to forget about them - but they are obviously there for a reason," explained one person living in West Moorings, Trinidad & Tobago.
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What is the average cost of housing in Trinidad & Tobago?
If you are thinking about moving to Trinidad & Tobago, cost of living in probably a key consideration. Expats commented about the cost of housing:
"Yes, the housing is double and maybe even triple in some areas. Average housing is $4000 US to $7000 US. Furnished housings go for more when available. **Utilities are cheaper than Houston. Cable / Internet and Electric are 1/4 the price we paid in the states," remarked one foreigner who made the move to Port of Spain.
Should I buy or rent a home in Trinidad & Tobago?
If you have not spent a lot of time in Trinidad & Tobago, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"When deciding whether to buy or rent a home in Trinidad & Tobago, it is important to consider your financial situation, lifestyle, and long-term goals. Buying a home can be a great investment, as it can provide you with a stable place to live and the potential for appreciation in value. However, it also requires a large upfront investment and ongoing maintenance costs. Renting a home can be a more affordable option, as it requires less of an upfront investment and no maintenance costs. However, it does not provide the same potential for appreciation in value. Ultimately, the decision to buy or rent a home in Trinidad & Tobago should be based on your individual needs and preferences," said one person in Trinidad & Tobago.
What do I need to know when buying property in Trinidad & Tobago?
When we asked expats what advice they would give a foreigner before buying a property in Trinidad & Tobago, they said:
"1. It is important to research the area you are interested in buying property in, as well as the local laws and regulations that may affect your purchase. 2. It is also important to obtain a survey of the property to ensure that it is in good condition and that there are no hidden issues that could affect your purchase. 3. It is also important to obtain a title search to ensure that the property is free of any liens or encumbrances. 4. It is also important to obtain a valuation of the property to ensure that you are paying a fair price. 5. It is also important to obtain legal advice from a qualified lawyer to ensure that all documents are in order and that your rights are protected. 6. It is also important to be aware of any taxes or fees that may be applicable to the purchase of the property. 7. Finally, it is important to be aware of any restrictions or covenants that may be attached to the property, such as restrictions on the use of the property or restrictions on the sale of the property," said one person in Trinidad & Tobago.
Are foreigners allowed to own property in Trinidad & Tobago?
When we asked expats what advice they would give a foreigner before buying a property in Trinidad & Tobago, they said...
"Yes, foreigners are allowed to own property in Trinidad & Tobago. The country has a liberal foreign investment policy, which allows non-nationals to purchase and own real estate in the country. Foreigners are also allowed to lease land and buildings for commercial and residential purposes. However, they must obtain permission from the Ministry of Finance and the Attorney General's Office before they can purchase property. Additionally, foreigners are subject to the same taxes and fees as nationals when purchasing property," remarked one foreigner who made the move to Trinidad & Tobago.
What appliances are typically included in a rental?
We asked foreigners in Trinidad & Tobago what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Trinidad & Tobago typically include a refrigerator, stove, oven, and washing machine. Depending on the property, other appliances such as a dishwasher, microwave, and air conditioner may also be included," said one foreigner living in Trinidad & Tobago.
Additional Information about Searching for a Home in Trinidad & Tobago:
We asked foreigners in Trinidad & Tobago what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Trinidad & Tobago by looking online for real estate listings, contacting local real estate agents, and searching for rental properties on websites such as Airbnb. Additionally, expats can look for housing options in local newspapers and magazines, or ask friends and family for recommendations," explained one person living in Trinidad & Tobago.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
Other Questions:
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- What is life like as an expat in your area?
- Is there a lot of crime in Trinidad & Tobago?
- What do I need to know before retiring in Trinidad & Tobago?
- Is there a lot of diversity? Are people in Trinidad & Tobago accepting of differences?
- What are the schools in Trinidad & Tobago like?
- Is the cost of living in Trinidad & Tobago high?
- What advice do you have for expats having a baby in Trinidad & Tobago?
- What are healthcare services like in Trinidad & Tobago?
- Is the cost of living in Trinidad & Tobago high?
- What type of recreational facilities are in Trinidad & Tobago?
- What is the weather like in Trinidad & Tobago?
- Are there good restaurants in Trinidad & Tobago?
- Where will I buy groceries and do other shopping in Trinidad & Tobago?
- What are the visa & residency requirements in Trinidad & Tobago?
- Are healthcare and health insurance expensive in Trinidad & Tobago?
- What do I need to know when buying property in Trinidad & Tobago?
- Are foreigners allowed to own property in Trinidad & Tobago?
- What appliances are typically included in a rental?