How to Buy Real Estate in Trinidad

Trinidad is the largest island of the island-nation Trinidad and Tobago. With nearly five thousand square kilometers of land area, the island offers many real estate opportunities. Follow a few steps to buy real estate on Trinidad at good value.

Instructions

1. Decide why you want real estate on the island. Many people have settled on Trinidad as a retirement spot, while others see its constant flow tourism as a business opportunity. Decide on your general direction from the outset, as the different needs have different permit requirements and processes.

2. Use a reputable realtor who's based on the island. Century 21, for example, has a Trinidad office where many of the realtors are locals who have specific knowledge of real estate and business relationships on the island.

3. Identify types of property. Trinidad, like many other islands, have both freehold and leasehold properties. Speak with your realtor about how the different kinds of property will affect your finances before making a choice.

4. Check online listings and local listings. There are dozens of Trinidad property listings as well as local listings. Consult both to get the widest possible range of properties.

5. File for permits early. Foreigners who are buying more than one acre of residential land or five acres of commercial land must file for a special permit for alien residents who own larger amounts of property. Do this early so it does not hold up the process of purchasing the real estate.