24.1 C
Basseterre
Wednesday, October 28, 2020
Home News Local News Private Sector Encouraged To Invest In Real Estate, Gov't To Reduce Land...

Private Sector Encouraged To Invest In Real Estate, Gov’t To Reduce Land Prices

St Kitts and Nevis (WINN): The government is announcing plans to sell lands at reduced prices and is encouraging private sector investments in real estate.

Prime Minister Dr. Timothy Harris says property ownership is at the center of his administration’s efforts to create a stronger and a safer future for Kittitians and Nevisians.

” “Our first-time homeowner program has picked up again after a steep drop in April. This year’s applications have now exceeded last year’s figures for the year to date. We expect our residential construction sub-sector to remain buoyant. The Government $30 Million Mortgage Financing Programme certainly is an important intervention.”

He also added that the government had reduced the stamp duty for the “Citizenship by Investment” real estate market as an incentive to boost construction.

Most Popular

Cancer Survivor Praises Jr. Minister of Health Brandy-Williams For Efforts in Fight Against Breast Cancer

NIA CHARLESTOWN NEVIS (October 28, 2020) -- A breast cancer survivor from Nevis who was diagnosed with the disease in 2018 at the age...

Germany To Go Into Circuit-Break Lockdown As Virus Surges

BERLIN (Reuters) - Germany will impose an emergency month-long lockdown that includes the closure of restaurants, gyms and theatres to reverse a spike in...

Grenada Using JRCC As Part of Due Diligence For CBI Applicants

(Grenada Now) Grenada is one of the Eastern Caribbean islands with the Citizenship by Investment (CBI) programmes that are effectively using the Joint Regional...

CFBC Celebrates the Class of 2020 Commencement Modified Due to the COVID-19 Pandemic

The Clarence Fitzroy Bryant College (CFBC) will host its annual commencement on Tuesday, November 24, 2020. The ceremony has been modified in keeping with the...

Social Security Board Awards Susanna Lee High School Scholarships To 21 Students

By Devonne Cornelius St Kitts and Nevis (WINN) — The St. Christopher and Nevis Social Security Board awarded 21 students across the federation with the...

Commonwealth Women Parliamentarians (CWP) Releases its Anti-Harassment Policy Guidelines for Commonwealth Parliaments

The Commonwealth Women Parliamentarians (CWP) network has launched its new Anti-Harassment Policy Guidelines to support Parliaments across the Commonwealth in the effort to both...

Bahamas: No VAT on Amazon and eBay Purchases

(Eyewitness News) NASSAU, BAHAMAS — Acting Financial Secretary Marlon Johnson yesterday clarified that goods brought into the country will only be taxed at the...

Hundreds of Bookings Cancelled Since BVI’s Reopening Protocols

(BVI News) Following the government’s recently-announced border reopening protocols, at least one marine taxi company that transports tourists from the neighbouring US Virgin Islands...

Dodgers Beat Rays To Snap 32-Year World Series Drought

LOS ANGELES (Reuters) - The Los Angeles Dodgers ended decades of heartbreak with their first World Series win since 1988 on Tuesday, a 3-1...

US Restates Commitment To Upholding Democratic Values in the Caribbean

WASHINGTON, USA (CMC) – The United States says it is committed to making the Caribbean safe and more prosperous as it congratulated St Vincent...

OPEN IN NEW WINDOW

Contact a Program
If you are interested in a program or advertising, send us a message.
Send Message
Signup for our Newsletter
We'll only be in touch when we've something exciting to share.
We never share your details
No thanks
Subscribe