What it costs to buy property in Trinidad and Tobago
A foreign buyer should budget roughly 5.2%–6.2% of the purchase price on top of the price itself. No licence or permit is required.
What you pay
- Stamp duty4.7% of the price$23,640
- Conveyancing fees0.5%–1.5% of the price$2,500–$7,500
| On a purchase of | $250,000 | $500,000 | $1,000,000 |
|---|---|---|---|
| Stamp duty | $5,074 | $23,640 | $61,140 |
| Conveyancing fees | $1,250 – $3,750 | $2,500 – $7,500 | $5,000 – $15,000 |
| Total on top of the price | 2.5%–3.5% | 5.2%–6.2% | 6.6%–7.6% |
Can you buy as a foreigner?
No licence required
Under the Foreign Investment Act a foreigner may hold up to one acre of residential land without a licence, which covers essentially every house and condo on the market. Above that threshold a licence is needed — but unlike the OECS islands there is no percentage fee attached to it.
No approval to wait for
With no permission to obtain, the timeline is set by conveyancing rather than by a government queue.
Take it with you
These figures as a PDF, worked out at the price you enter, with every source and the date it was checked.
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Nearby markets compared
What a foreign buyer pays on top of a $500,000 price, here and in the markets around it nearest in cost.