Thursday, March 08, 2007

Visiting Our Home in Montserrat

Our HUGE drop in the asking price for our home has generated a lot of interest. Maybe too much. Visitors are just dropping by to see our house.

PLEASE DO NOT VISIT OUR HOUSE WITHOUT HAVING AN APPOINTMENT WITH THE APPROPRIATE CONTACT PERSON!

We have a lovely tenant who is getting (understandibly) exasperated by people who just drop by or...worse yet, call him to tell him that they have OUR permission to visit the house.
  • We do NOT give anyone permission to visit our house.
  • We respect our tenant's privacy.
  • We refer ALL interested parties to our contact person in Montserrat.

PLEASE RESPECT OUR TENANT AND HIS RIGHTS.

Sunday, March 04, 2007

Montserrat government prepares Little Bay for the restart a ferry service to the island

The Government of Montserrat has started work on Little Bay, the area for its planned new town center, to accommodate the restart of a ferry service to the island.

The Honourable Chief Minister Dr. Lowell Lewis has revealed that modifications are being undertaken within the existing Little Bay Development Plan to accommodate such a service.Chief Minister Lewis said during a recent sitting of the island’s Legislative Council:

“All the roadways at Little Bay are within the existing Little Bay Development Plan. Several improvements are being made in preparation for the restart of a ferry service and to make the area more attractive and usable by tourists, visitors and motorists who drive through the area. We understand that modifications are to be made to the Little Bay Master Plan, and that work in the area will commence some time in 2008 or 2009. I am not prepared as Minister of Tourism to have conditions at the seafront which deter cruise ships from visiting us this year, and consider that investing $80,000 in an attempt to attract business to Montserrat, while at the same time providing employment through a community self help project as justifiable.”

The Honourable Chief Minister explained that discussions with the newly appointed Little Bay project manager have confirmed that the work being done, is consistent with the proposals being considered. He said when the proper financing is available, the quality of the infrastructure will be upgraded and improved. The eighteen million East Caribbean dollar (EC $18 million) Little Bay Infrastructure Project is the main focus of the newly formed Montserrat Development Corporation (MDC). The MDC has recommended the production of a new master plan, and a short delay of the start of work on the Little Bay Project Phase One.

Lanholder License Tax Reduced

Terrific news for people interested in buying property in Montserrat.

That huge 10% fee for landholder's license (required for all non-Montserratians) has been cut in half.

I was informed by our lawyer Kharl Markham (in Lawyer Allen's office) that the landholder's license fee has been dropped to 5%.

The 5% is calculated on the purchase price LESS the value of furnishings. The furnishings in our home are currently insured at EC$71,800 or US$26,709. Since we just put in new appliances, I think we can safely up this amount to US$30,000.

This means that your 5% fee will be on the agreed-upon selling price LESS US$30,000.

If you wish to confirm this information, you can contact lawyer Kharl Markham at
e-mail: markhamkm@candw.ms
tel: 664-491-2498
fax: 664-491-2493

The final result? The costs for closing on the property are now down to about 10% rather than 15% --- great news indeed.