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Real Estate in Laborie, Saint Lucia | Expat Exchange
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Real Estate in Laborie, Saint Lucia

By Betsy Burlingame

Last updated on Jul 15, 2024

Summary: People living in Laborie, Saint Lucia offer advice about real estate. How do you find a home in Laborie? Should you buy or rent? What is the cost of housing?

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What is a typical expat home or apartment like in Laborie?

"A typical expat home in Laborie, is often a spacious, well-furnished villa or apartment with modern amenities. These homes usually have a tropical aesthetic, with bright colors and open floor plans to allow for natural light and air circulation. They often feature large balconies or patios, offering stunning views of the Caribbean Sea or the lush greenery of the island. The homes are usually equipped with air conditioning, high-speed internet, and modern kitchen appliances. Many expat homes also have access to a private or shared swimming pool. The homes are often located within gated communities or secure areas, providing a safe and comfortable living environment. Despite being modern and comfortable, these homes often incorporate elements of traditional Caribbean architecture, such as high ceilings, wooden shutters, and tiled floors," said one expat who made the move to Laborie.

What is the average cost of housing in Laborie?

If you are thinking about moving to Laborie, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Laborie can vary greatly depending on the type, size, and location of the property. However, generally, it is considered to be moderately priced compared to other regions in Saint Lucia. For a decent-sized family home, one might expect to pay a price that is considered average or slightly below average compared to the rest of the Caribbean. For luxury properties or those with ocean views, the cost can be significantly higher. It's always recommended to check with local real estate agencies for the most accurate and up-to-date information," remarked one member in Laborie.

Should I buy or rent a home in Laborie?

If you have not spent a lot of time in Laborie, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Laborie, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Laborie for a long time, buying a home could be a good investment. Owning a property allows you to build equity and could provide financial security in the future. However, buying a home also comes with significant upfront costs, including a down payment, closing costs, and maintenance expenses. It also requires a long-term commitment, as selling a home can take time and effort. On the other hand, renting a home in Laborie offers more flexibility. It's a good option if you're not sure how long you'll be staying or if you prefer not to deal with the responsibilities of homeownership. Renting can also be more affordable in the short term, as it doesn't require a large down payment. However, renting doesn't build equity and rental rates can increase over time. You also have less control over your living situation, as landlords can decide to sell the property or not renew your lease. In conclusion, both buying and renting have their pros and cons. It's important to carefully consider your financial situation, lifestyle, and future plans before making a decision. Consulting with a real estate professional or financial advisor can also be helpful," said one expat who made the move to Laborie.

About the Author

Betsy Burlingame 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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