BVI
Real Estate in the British Virgin Islands
Last updated on Feb 07, 2024
Summary: An expat looking to buy a home in the British Virgin Islands should start by researching the local real estate market. There are a variety of websites that list properties for sale in the area, such as BVI Sotheby's International Realty, BVI Property Finder, and BVI Real Estate. Foreigners are allowed to purchase property in the British Virgin Islands, however, they must obtain a permit from the government before doing so. The permit is usually granted within a few weeks of the application being submitted. Homes in the British Virgin Islands typically include amenities such as swimming pools, private beaches, and outdoor living spaces. Many homes also feature modern kitchens, spacious bedrooms, and luxurious bathrooms.
How do I find a place to live in the British Virgin Islands?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"The British Virgin Islands offer a variety of housing options for those looking to relocate. The most popular option is to rent a villa or apartment, which can be found in the main towns of Road Town, Tortola, and Virgin Gorda. There are also a number of resorts and hotels that offer short-term and long-term rental options. Additionally, there are a number of real estate agents and property management companies that can help you find the perfect place to live in the British Virgin Islands," said one person in Brit. Virgin Isl..
William RussellGet Quote
William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
William RussellWilliam Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
Get Quote
What is a typical expat home or apartment like in the British Virgin Islands?
"Expat homes and apartments in the British Virgin Islands are typically luxurious and spacious, with modern amenities and stunning views of the Caribbean Sea. Many expat homes and apartments feature large balconies or terraces, perfect for entertaining or relaxing in the warm Caribbean breeze. Expat homes and apartments often come with access to private beaches, pools, and other amenities, making them ideal for those looking for a luxurious and relaxing lifestyle," explained one expat living in Brit. Virgin Isl..
William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
What is the average cost of housing in the British Virgin Islands?
If you are thinking about moving to the British Virgin Islands, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in the British Virgin Islands varies depending on the location and type of property. Generally, the cost of renting a one-bedroom apartment in the British Virgin Islands is around $1,500 per month, while the cost of buying a house can range from $200,000 to over $1 million," explained one person living in Brit. Virgin Isl..
Should I buy or rent a home in the British Virgin Islands?
If you have not spent a lot of time in the British Virgin Islands, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in the British Virgin Islands can be a great investment, as the area is known for its beautiful beaches and stunning scenery. However, it is important to consider the cost of living in the area, as well as the cost of purchasing a home. Renting a home in the British Virgin Islands can be a great option for those who are looking for a more affordable option, as it can provide a more flexible living situation. Ultimately, the decision to buy or rent a home in the British Virgin Islands should be based on individual needs and preferences," remarked one member in Brit. Virgin Isl..
What do I need to know when buying property in the British Virgin Islands?
When we asked expats what advice they would give a foreigner before buying a property in the British Virgin Islands, they said:
"When buying property in the British Virgin Islands, it is important to understand the local laws and regulations. It is also important to research the area and the property thoroughly, including any zoning restrictions or other restrictions that may apply. It is also important to understand the tax implications of buying property in the British Virgin Islands, as well as any other fees or costs associated with the purchase. It is also important to ensure that the property is properly surveyed and that all necessary paperwork is in order. Finally, it is important to work with a qualified real estate agent or lawyer to ensure that the purchase is completed properly and that all legal requirements are met," said one in Brit. Virgin Isl..
Are foreigners allowed to own property in the British Virgin Islands?
When we asked expats what advice they would give a foreigner before buying a property in the British Virgin Islands, they said...
"Yes, foreigners are allowed to own property in the British Virgin Islands. The British Virgin Islands has a long history of welcoming foreign investment and ownership of property. The British Virgin Islands has a well-developed legal system that provides a secure and transparent framework for foreign investors to purchase and own property. The British Virgin Islands also offers a range of incentives to foreign investors, such as tax exemptions and other financial benefits," explained one person living in Brit. Virgin Isl..
What appliances are typically included in a rental?
We asked foreigners in the British Virgin Islands 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 the British Virgin Islands typically include a refrigerator, stove, oven, dishwasher, and washing machine. Depending on the property, some may also include a microwave, toaster, and other small kitchen appliances. Additionally, air conditioning units are often included in rental properties in the British Virgin Islands," explained one expat in Brit. Virgin Isl..
Additional Information about Searching for a Home in the British Virgin Islands:
We asked foreigners in the British Virgin Islands 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 the British Virgin Islands by looking at real estate websites, contacting local real estate agents, and searching online for rental listings. They can also ask friends and family who have visited the British Virgin Islands for recommendations. Additionally, expats can attend open houses and visit the British Virgin Islands to get a better feel for the area and find a home that suits their needs," explained one person living in Brit. Virgin Isl..
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:
- How do I meet people in the British Virgin Islands?
- What is life like as an expat in your area?
- Is there a lot of crime in the British Virgin Islands?
- What do I need to know before retiring in the British Virgin Islands?
- Is there a lot of diversity? Are people in the British Virgin Islands accepting of differences?
- What are the schools in the British Virgin Islands like?
- Is the cost of living in the British Virgin Islands high?
- What advice do you have for expats having a baby in the British Virgin Islands?
- What are healthcare services like in the British Virgin Islands?
- Is the cost of living in the British Virgin Islands high?
- What type of recreational facilities are in the British Virgin Islands?
- What is the weather like in the British Virgin Islands?
- Are there good restaurants in the British Virgin Islands?
- Where will I buy groceries and do other shopping in the British Virgin Islands?
- What are the visa & residency requirements in the British Virgin Islands?
- Are healthcare and health insurance expensive in the British Virgin Islands?
- What do I need to know when buying property in the British Virgin Islands?
- Are foreigners allowed to own property in the British Virgin Islands?
- What appliances are typically included in a rental?
