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Real Estate in St. James, Trinidad & Tobago | Digital Nomad Exchange
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Real Estate in St. James, Trinidad & Tobago

By Joshua Wood, LPC

Last updated on Jun 15, 2024

Summary: Expats and retirees talk about real estate in St. James, Trinidad & Tobago? How do you find a home in St. James? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in St. James?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in St. James involves several steps. First, you need to determine your budget and what type of accommodation you are looking for. This could range from a single room to a full house, depending on your needs and financial capability. Next, you should research the area to understand the neighborhood, its safety, proximity to amenities like shops, schools, hospitals, and public transportation. Once you have a clear idea of what you want, you can start your search. There are several online platforms where you can find listings for rentals or properties for sale in St. James, such as Property Finder TT, Terra Caribbean, and Trinidad Real Estate. You can also engage the services of a real estate agent who is familiar with the area. They can help you find properties within your budget, arrange viewings, and handle negotiations with landlords or sellers. Remember to inspect any potential homes thoroughly. Check for any signs of damage, ask about utilities, and try to meet the neighbors if possible. Once you've found a place you like, you'll need to go through the process of signing a lease or purchasing the property. This usually involves providing proof of income, references, and possibly a deposit. Finally, once all the paperwork is done, you can move into your new home in St. James, Trinidad & Tobago," said one expat in St. James.

What is a typical expat home or apartment like in St. James?

"A typical expat home or apartment in St. James, Trinidad and Tobago, is often located in a secure, gated community or a well-guarded building. These homes are usually spacious, with multiple bedrooms and bathrooms, a large living area, and a fully equipped kitchen. They often come furnished, with modern and comfortable furniture, and are equipped with air conditioning, given the tropical climate of the region. Many of these homes also have outdoor spaces, such as a balcony or a small garden, where residents can enjoy the warm weather. Some even have a private pool or access to a community pool. The homes are often located close to amenities such as supermarkets, restaurants, and schools, making daily life convenient for expats. The architecture and design of these homes can vary, with some featuring a more traditional Caribbean style, while others have a more modern, contemporary look. Despite the differences in style, these homes are typically well-maintained and offer a high standard of living. In terms of the neighborhood, St. James is known for its vibrant nightlife and cultural activities, so expats living here can expect a lively and dynamic environment. However, the residential areas are usually quiet and peaceful, providing a good balance for expats," remarked one foreigner who made the move to St. James.

What is the average cost of housing in St. James?

If you are thinking about moving to St. James, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in St. James can vary greatly depending on the type and size of the property. For a standard three-bedroom house, the cost can range from moderately priced to quite expensive. Luxury apartments and larger homes in upscale neighborhoods can be significantly more expensive. However, it's important to note that these prices can fluctuate based on the real estate market and other economic factors," said one person in St. James.

Should I buy or rent a home in St. James?

If you have not spent a lot of time in St. James, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in St. James depends on several factors. If you plan to stay in the area for a long time, buying a home could be a good investment. Owning a home allows you to build equity over time and could provide a sense of stability and permanence. However, buying a home also comes with responsibilities such as maintenance, repairs, and property taxes. It also requires a significant upfront cost for the down payment, closing costs, and other fees. On the other hand, renting a home in St. James, Trinidad & Tobago could be a better option if you're not sure about your long-term plans or if you prefer not to deal with the responsibilities of homeownership. Renting can offer more flexibility, as it's easier to move if you need to for work or other reasons. It's also worth considering the local real estate market. If home prices are high and continue to rise, buying a home could be a good investment. But if prices are low or falling, it might be better to rent and wait to see if prices improve. In conclusion, the decision to buy or rent a home in St. James, Trinidad & Tobago depends on your personal circumstances, financial situation, and the local real estate market. It's a decision that should be made after careful consideration and, if possible, with the advice of a real estate professional," said one person in St. James.

About the Author

Joshua Wood Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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