Dominica is a small country and its road network makes getting everywhere around the island quite easy. The capital Roseau is accessible from any district on the island in about one hour’s drive. Through the investment incentives offered by government in Dominica, Dominica properties are lucrative real estate investment options. On every part of the island Dominica properties are purchased by locals and non locals who recognize the immediate and long term value of Dominica properties.
The town of Roseau is home to approximately 14000 of the 72000 thousand persons who make up the population of the country. The town itself is well developed meaning that most of the land in the area have been acquired and built upon. The Dominica properties in Roseau and environs is limited to residential homes, apartments, office spaces and perhaps by chance a piece of land becomes available. Most of the properties in the town are very unique in that most of the buildings have well preserved architectural styles which date back to colonial times. The houses are unique and the lucky owner can make very stylish homes out of them.
In terms of real estate in Roseau and environs there are many apartments and offices space available for leasing and sale. Roseau being the main commercial centre of the island presents the perfect location for setting up an office or any type of business. There are modern buildings as well as historically intact residences what have been converted for business and residential use.
The rental rates for Roseau properties varies, depending on the location, amenities and size, however, generally, rates for Roseau property rentals is higher than that of Dominica properties located in the Roseau environs, and the sub-urban areas. In fact in terms of Dominica property rental, the further you move away from heavily developed or populated areas, the lower the rental costs.
When considering purchasing Roseau properties in Dominica, as of 2009, the average cost per square foot for undeveloped land is approximately US75.
The areas surrounding Roseau have made their marks as prime residential areas on the island, these area include; Castle Comfort, Wall House, St Aromant, Canefield, Copthall and Elmshall just to name a few. Dominica land for sale is almost always available in these growing neighborhoods not too far from the city. These areas are between 10 to 15 minutes drive away from the town. There are also prime Dominica land for sale in these areas set aside specifically for the construction of hotels and apartment buildings. The advantage of owing Dominica real estate in is that properties are generally lower priced than that of other countries in the Caribbean.
Persons who are interested in owning real estate in Dominica and are not citizens of the country or a member of the participating countries Organization of the Eastern Caribbean States (OECS) may need to obtain an Alien Land holding license. A person wishing to purchase lands of one acre or less for residential purposes or three for commercial purposes can do so without the Alien Land Holding license however a fee of 10% equal of the value of the land must be paid to the Government of Dominica. Persons wishing to invest in lands more than one acre in size for residential purposes and more than three acres in size for commercial purposes must acquire an Alien Land Holding License. Once the license has been obtained the purchaser has to pay a fee of 10% of the market value of the land to the government of Dominica. The relevant information can be obtained from a real estate agent or the Ministry of Agriculture Fisheries and the Environment.
Roseau is not a typical Caribbean town. It unique and is surrounded by natural features; the Caribbean Sea, a river flows through it and the Botanical gardens. Although Roseau is the main commercial area, the town is not as commercialized and congested, representative of many towns. Persons with the intention of living here or setting up a business have peace of mind in knowing that the country has a very low crime rate added to the fact that the country is politically stable. Dominica is truly a paradise.