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Stunning locations, ultra private and all Inclusive. Curated by Private Islands Inc. Join forces with Private Islands Inc. But, with a little digging, you discover that island retreats can come with spadefuls of hassle, despite an average appreciation in value of 10 per cent. Once settled on an island, diligent potential buyers should work through a check-list that includes securing building permits, understanding your legal rights if you are not a citizen of the state the island is in — and ensuring you actually own the plot.
This process can take months and be expensive. In Canada, development is prohibited on any untouched land less than a square acre. And undeveloped islands off the coast of the UK cannot be built on at all, says Vladi. He can even help them sell when they tire — or are forced to retire — from the castaway crew.
Over the years, Vladi has sold more 2, private islands. The Hamburg-based company also has offices in Halifax in Canada, as well as Wellington in New Zealand — both locations are close to significant numbers of desirable island properties. There are several other companies that specialise in Robinson Crusoe-type getaways , notably Toronto-headquartered Private Islands Online, whose gorgeously illustrated catalogues are a sheer joy to browse. Acquiring an island, especially in a foreign country, is not for the faint-hearted, but fortunately the digital domains of reputable brokers provide extensive, well-written information on necessary legal, financial and common-sense considerations, which inevitably differ vastly from one country to the next.
The emphasis, he says, is on habitable private islands. Each factor is worth two points, for a maximum of points. Here are some important factors to consider. As the buyer, you should insist on receiving an unencumbered freehold title for the entire island against the purchase price, though sometimes the existence of a small property — such as a lighthouse — held by a third party can be acceptable.
Freehold means that you own the property percent. Leasehold means that somebody else owns it, and you only have the right to use it for specific purposes and for a specific time. You should not consider buying an island from which a hospital, clinic or medical-service station cannot be reached within 90 minutes, or, even more preferable, one hour. Buyers often underestimate the consequences of mosquitoes and sand flies. That means you will need to decide what kind of structures, and how many, you plan to build, plus how many employees , if any, will be working on the island and how often will you be visiting.
What will you eat and drink? How will you get water, electricity, and plumbing to the island? The real question is how will you get everything you need to the island, including all the building materials?
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