Tips to Buy Your Own Private Island
2. Know the difference between freehold and leasehold: Depending on the nation you're dealing with, islands will differ in terms of real estate ownership laws. Freehold means you own it forever, whereas leasehold means you own the right to lease the property from the state. "A typical American buyer wants to be able to stick their flag on it and say, 'I own this island' to impress their friends," Krolow says. And that's a big deal, considering that by his estimate, more than 80 per cent of prospective island buyers are Americans.
POST A COMMENT