Real Estate in Martinique
Last updated on Jun 21, 2023
Summary: An expat looking to buy a home in Martinique should begin their search by researching the local real estate market. They should look for listings on websites such as Rightmove, Zillow, and Tranio. It is also a good idea to contact a local real estate agent who can provide more information about the area and the available properties. Homes in Martinique typically include amenities such as air conditioning, swimming pools, and terraces. Many homes also have modern kitchens and bathrooms, as well as outdoor spaces for entertaining. Foreigners are allowed to purchase property in Martinique, but there are certain restrictions. For example, foreigners must obtain a permit from the local government before they can purchase a property. Additionally, foreigners are not allowed to purchase land in certain areas, such as near the coast.
How do I find a place to live in Martinique?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"It took us sometime to find the right neighborhood. The carribeans aren't like USA. Most areas are really simalar. We had to change our expectations on focus on our overall needs not wants. For example - with seven kids it's more important to live next to the grocery store rather than the playground," explained one person living in Scholcher, Martinique.
"One of the best ways to find a place to live in Martinique is to search online for rental listings. There are many websites that offer listings for apartments, houses, and other types of rental properties in Martinique. Additionally, you can also search for rental listings in local newspapers and classifieds. Additionally, you can also contact local real estate agents who specialize in rental properties in Martinique. They can provide you with more information about available rental properties and help you find the perfect place to live," said one expat in Martinique.
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What is a typical expat home or apartment like in Martinique?
"We live in an apartment. This is very common here in Martinique. Most homes double as apartments as well," explained one expat living in Scholcher, Martinique.
"Expat homes and apartments in Martinique are typically modern and comfortable, with air conditioning, modern appliances, and plenty of space. Many expats choose to live in the larger cities, such as Fort-de-France, where they can enjoy the convenience of city life. Expats can also find homes and apartments in smaller towns and villages, where they can experience the slower pace of life in Martinique. Expat homes and apartments often come with balconies or terraces, allowing for outdoor living and stunning views of the Caribbean Sea," said one person in Martinique.
Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
What is the average cost of housing in Martinique?
If you are thinking about moving to Martinique, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Martinique varies depending on the location and type of accommodation. Generally, the cost of renting an apartment or house in Martinique is relatively affordable compared to other Caribbean islands. Prices for a one-bedroom apartment in a city center can range from around €400 to €800 per month, while a three-bedroom apartment in a more rural area can cost around €600 to €1,000 per month," explained one expat living in Martinique.
"Housing cost are double the amount in comparison to USA. A typical 3 bedroom apartment in Missouri could cost you around $500-$1000. Here no less than $800 to start. It's very common for a three bedroom small apartment to cost €1200 average," said one person in Scholcher.
Should I buy or rent a home in Martinique?
If you have not spent a lot of time in Martinique, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Martinique can be a great investment, as the island is known for its beautiful scenery and vibrant culture. However, it is important to consider the cost of living in Martinique before making a decision. Renting a home in Martinique can be a great option for those who are not ready to commit to a long-term purchase, as it allows for more flexibility and can be more cost-effective in the short-term. Ultimately, the decision to buy or rent a home in Martinique should be based on individual needs and preferences," said one expat in Martinique.
What do I need to know when buying property in Martinique?
When we asked expats what advice they would give a foreigner before buying a property in Martinique, they said:
"1. It is important to research the local laws and regulations regarding property ownership in Martinique before making any purchase. 2. It is also important to understand the tax implications of owning property in Martinique, as well as any restrictions on foreign ownership. 3. It is advisable to seek legal advice from a local lawyer or real estate agent before making any purchase. 4. It is important to ensure that the property is free from any legal disputes or encumbrances before making a purchase. 5. It is also important to be aware of any local zoning regulations that may affect the use of the property. 6. It is advisable to obtain a survey of the property before making a purchase. 7. It is important to be aware of any local building codes and regulations that may affect the construction or renovation of the property. 8. It is important to be aware of any local environmental regulations that may affect the use of the property," wrote one expat who made the move to Martinique.
Are foreigners allowed to own property in Martinique?
When we asked expats what advice they would give a foreigner before buying a property in Martinique, they said...
"Yes, foreigners are allowed to own property in Martinique. The process of purchasing property in Martinique is similar to that of other countries, and requires the buyer to obtain a notarized deed of sale and register the property with the local land registry. Foreigners may also purchase property through a French company, which is a legal entity that can own property in Martinique. Additionally, foreign investors may also purchase property through a French-registered trust, which is a legal entity that can own property in Martinique," said one foreigner living in Martinique.
What appliances are typically included in a rental?
We asked foreigners in Martinique 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 Martinique typically include a refrigerator, stove, oven, microwave, washing machine, and dryer. Additionally, some properties may include air conditioning, a dishwasher, and other small appliances," said one person in Martinique.
"Usually when renting a property you get a stove, and sometimes a fridge. Some apartments or homes come fully furnished. Especially because this is a tourists island," wrote one expat who made the move to Scholcher.
Additional Information about Searching for a Home in Martinique:
We asked foreigners in Martinique 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 Martinique 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 who may have connections in the area," explained one person living in Martinique.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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