How to buy an island correctly and what you need to know before buying
The modern world has become so developed that sometimes it is difficult to be surprised by anything. This is most likely due to the fact that something is happening every day - new technologies are emerging, more powerful modern machinery and equipment, scientific research brings new discoveries and new opportunities…If just a few decades ago, owning a car was considered a luxury, then today any citizen can have it. Some families even have several expensive cars that belong to each family member. In the modern world, luxury can be considered the presence of your own plane, yacht, island. They can only be owned by a certain circle of people who have an annual income of several million dollars per year.In this article, we will talk about how to buy an island in any country in the world and what is necessary for this, what documents are needed, what laws need to be followed.First, let's look at the pricing policy of the island's value. Their range is very wide - prices on the islands start from about 20 thousand dollars, while the land area is small. Such cheap islands can be purchased in Canada near the land. The most expensive are the Bahamas - their cost reaches one hundred million dollars.Every year, about 300 islands are put up for sale around the world, which can be located in any country of the globe. The cost of the island depends on where it is located. The islands that are closer to the north are cheaper than the islands in the southern hemisphere. The pricing policy also depends on the remoteness and climatic conditions of the island, the landscape. The cost of the island also includes the degree of development of the land. If you need to save money, then there are islands for sale where there is no fresh drinking water and there is no vegetation. But, unfortunately, in such cases, the buyer may face various troubles, which may be due to the fact that the government of some countries may create some restrictions on the purchase of the island by foreigners.Any developments on the purchased island are prohibited on Greek territory. Their laws prescribe that archaeologists must first explore the island, and if any traces of ancient civilizations are found on it, then construction will be banned altogether. The same laws exist in the Maldives, Bermuda, and the Fiji Islands. Buying islands on the coasts of Italy, France and French Polynesia do not have serious prohibitions, so it is easier to buy an island in these countries.When buying an island, the procedure for registration of real estate occurs in much the same way as when registering a house or apartment. At the same time, there are countries where you need to get permission to purchase an island from the Ministry of Defense, and in some countries you have to ask for permission to purchase from representatives of the Ministry of Foreign Affairs.During the purchase of the island, you will need to spend not only on the island, there will be other minor expenses that are associated with the registration of the island on your property - these expenses will amount to about 5 percent of the cost of the island itself. The cost of these costs includes the services of a notary, a lawyer, a realtor, as well as payment of taxes and so on. When the procedure is completed, the owner can safely come to his island and relax, admire nature, and build up if necessary. bitqt
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