saint lucia real estate

Land for Sale in St Lucia: Factors that Affect Price

There are many price options for people seeking residential land for sale in St Lucia. Property can range anywhere from US$3 to over US$100 per square foot (SQFT).  How does one determine a fair price? Each plot of land is different and its value will be determined by, among other things, location, type of view, gradient and road access.

Location

We know the old mantra: location, location, location. In the case of land for sale in St Lucia, properties that are close to the sea will fetch impressive prices per SQFT. When a rare waterfront lot becomes available in Rodney Bay, for example one can expect asking prices of US$100 per SQFT. Waterfront lots in Cap Estate, Vigie or along the southern coastlines are also among the most desired land for sale in St Lucia.

Another way in which location affects the price of land for sale in St Lucia is the proximity to towns and amenities. A residential area that is close to a commercial centre will be sought after by people who want easy access to entertainment or business facilities. Rodney Heights, Choc and Sunny Acres are examples of very conveniently located neighborhoods with land for sale in St Lucia.

Type of View

The most common item on the wish lists of people looking for land for sale in St Lucia is a view. Everybody wants to experience the awe and luxury of staring at a beautiful seascape from their bedroom windows. When it comes to land for sale in St Lucia, elevated vistas are common. Most residential areas are on hillsides and face either the sea or mountains. The price of land for sale in St Lucia is highly affected by the type of view. The more panoramic and postcard worthy, the more pricy will be the lot!

Gradient

You have to take St Lucia for what it is – a curvaceous island with meandering roads and steep hills. Land for sale in St Lucia will vary from flat, to gently sloping to steep. Gradient will affect price as gentler lots are easier to build on and provide more accessible outdoor space. Steeper land, while also potentially very beautiful, is more taste specific and will have a lower market value.

Other

When buying land for sale in St Lucia the price will be determined by a combination of these as well as other factors. Good road access for instance, and the presence of utilities either above or below ground also affect the desirability and therefore the price of land for sale in St Lucia. Before you decide what to buy, weigh all the factors to determine whether the price is right!

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