tel 264.498.0123
fax 264.497.2820
anguilla.properties@sothebysrealty.com
Anguilla Real Estate Sales Anguilla Office Marketing Options Anguilla Info Anguilla Villa Rentals  
 
Published Articles on Real Estate - Anguilla Life Magazine
 


 
    Anguilla:
  Tranquillity
   Wrapped
         in
      Blue

CREATIVE DEVELOPMENT RELATIONSHIPS

Quite a while ago, while at a party at the Governor's--back in those days when bacon wrapped prunes were served as cocktail hors deourves (very tasty, really)--I was made aware of the sincere concern in some circles of the impending impact on Anguilla of recently approved coastal real estate development, i.e. tourism. At the time I was managing the construction effort for Cinnamon Reef at Little Harbour--the first of the approved late seventies and early eighties expatriate funded resorts.

Development is change--not necessarily improvement. In the unique realm of real estate change can be seen to be (or can convincingly be argued to be) very permanent, quite significant. The knowledge that coastal real estate development has fostered considerable change on Anguilla is not disputed--the great debates revolve around challenges to the value or worth of the changes that have been brought forth.

Concomitantly, and perhaps more importantly, debates are beginning to focus on how to creatively control those changes still to come to Anguilla, with a vision to improving the quality of life on Island-to create a future that is compatible with, and sensitive to, the great traditions of the past. Fundamental to that debate is an awareness of the fact that the structures which are erected, and the manner in which those structures are arranged, define the built environments that constitute the physical fabric of social life. As such, there are artistic and historic--as well as fiscal--responsibilities concerning the development of real estate which should be innovatively shouldered by the developer and his counter part, the government. These social responsibilities are especially pressing when considered within the framework of a land mass and population as finite as ours.

In those societies where governments have moved furthest along the road with regard to creative development relationships, specific goals or targets which it is felt need to be addressed are identified, and then incentives are devised for their completion. For example, in Boston there is an established linkage program, whereby developers interested in developing high-rent downtown office plazas or shopping centers are required to develop low income housing in adjoining urban areas. Other specific examples of negotiated incentive based development include: allowing a developer to build above height limits in exchange for the developer including day care centers or exercise and fitness areas within their projects; allowing a developer to increase plot coverage provided he restores an identified historic landmark; allowing a developer to extend permit schedules provided he donate and maintain a public park, etc.

One can readily see ways in which such negotiations can have interesting results. In Anguilla there are museums to complete, libraries to stock, historic public buildings to renovate, playgrounds to build. Although there is theoretical truth to the fact that such projects could be completed by the public sector alone through collected duties and fees, experience has shown that by focusing a developer or development on an identifiable public benefit, that benefit is more readily realized. In addition, the developer becomes a more integral (and, hopefully, more caring) member of society through his identification with a tangible public good.

  tel 264.498.0123
fax 264.497.2820
anguilla.properties@sothebysrealty.com
Anguilla Real Estate Sales Anguilla Office Marketing Options Anguilla Info Anguilla Villa Rentals  
 
 
 


 
    Anguilla:
  Tranquillity
   Wrapped
         in
      Blue

DISCUSSION CHECKLIST

First and foremost, we must locate for you a suitable property-one which fits your style and expectations. To assist us, please fill out our questionnaire. But then what? Rather than be left on your own to discover the details through trial and error, the following discussion checklist will be reviewed as part of your retained relationship with us, so that you will be in a better position to understand the options and possibilities of real estate ownership on Anguilla. All discussions are focused on minimizing your effort and risk-maximizing your return and enjoyment.

  1. The Government Policy on Land Acquisition by Aliens - present conditions, potential trends; underlying philosophy.

  2. The Alien Land Holding License--obligations, requirements, potential penalties, creative options.

  3. The Cadastral System--land registry restrictions on Alien land ownership and rights, establishing clear title.

  4. The Fiscal Requirements--Alien land transfer taxes, stamp duties, annual property taxes, innovative payment structures.

  5. The Legal Options--Anguillian corporations and Anguillian real estate, Alien company Ownership;

  6. The Closing Process--various purchase and sale agreements and arrangements; implementing contract safeguards for Aliens;

  7. Financing Opportunities-local options via banks and mortgage companies.

  8. The Permitting Process - fees and requirements of the planning and building boards; electricity, water and cable connections.

  9. The Construction Process - architects, engineers, construction managers, contractors; professional terms of reference.

  10. Immigration and Labor Policy - permanent residence requirements, belonger status, works permits.

Please note: Supporting documentation is available and provided.

 
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Sotheby’s International Realty is a registered trademark licensed to Sotheby’s International Affiliates LLC.
Each Office is independently Owned and Operated.
 
                                                tel 264.498.0123
fax 264.497.2820
anguilla.properties@sothebysrealty.com
 
 
Director's Ditty

 

Welcome to the second of our Anguilla Properties / Sotheby’s International Realty eNewsletters, with apologies for our delay in getting this second eNewsletter to you—hopefully, however, you’ll be pleased with the new design and layout…we believe it’s a wonderful improvement.

With our new format in place, we intend to send eNewsletters to you every other month whereby we’ll also be sending ePostcards on a regular basis with specific property announcements—announcements primarily highlighting new listings and price reductions.

In addition, we will soon be printing an updated version of our Sotheby’s branded multi-property brochures which will (once again) be distributed to every hotel, restaurant and law office on island—we’ve had very positive feedback on our initial printing but have learned and improved…instead of three brochures of 11 properties each which were separated by category (i.e. Estates, Fine Homes and Land Sites) we’ll be printing one brochure of 18 properties featuring a selection of villas in all price categories along with undeveloped land offerings. In addition, the cover image on the brochure will henceforth be art work created by Roland Richardson—the artist in residence in our Stone Cellar Gallery.

With the above in mind, our villa DVD slide show now includes art slides interspersed between villa photographs with both Roland Richardson’s and Lynne Bernbaum’s art being featured—the slide show itself is running in our office and the adjacent Valley Bistro and is slated to soon be running in both NBA and CCB…both of whom are sponsors of our Real Estate Gallery. In addition, in order to reach an even wider audience, the DVD slide show will soon be uploaded to You Tube—providing even more world wide exposure to our real estate and art offerings.

In a difficult market, marketing becomes an even more essential component of the sales process—we believe (and we hope you agree) that our marketing efforts are evolving toward a world class standard and far outpace any other available service on island…however we’re always happy to improve and always appreciate your comments and suggestions.

Sincerely,

Scott Hauser, Director
Sotheby's International Realty / Anguilla Properties
Phone: 264.498.0123 / Fax: 264.497.2820 / Skype: Director.AXA.SIR

 
Home  |  About Us  |  Anguilla Real Estate Sales  |  Villa Rentals  |  Resources
Sotheby’s International Realty is a registered trademark licensed to Sotheby’s International Affiliates LLC.
Each Office is independently Owned and Operated.

Obviously there has to be a balance between the size and scope of the development and the identified public benefit which the developer is asked to adopt. Furthermore, it is apparent that an opportune time to discuss such linkage is during the Alien Land Holder Licence process, keeping in mind this concept of linkage is not to be punitive, but creative. Setting targets too high will discourage the very development needed to get the process started. However with a proper perspective on the strength of the market, the type of development, and the identified public project, very sweet and beneficial societal flowers may begin to bloom.

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Home  |  About Us  |  Anguilla Real Estate Sales  |  Villa Rentals  |  Resources
Sotheby’s International Realty is a registered trademark licensed to Sotheby’s International Affiliates LLC.
Each Office is independently Owned and Operated.