While I am on the subject of exorbitant fees, let’s consider the - TopicsExpress

While I am on the subject of exorbitant fees, let’s consider the 2.3% Legal Fees component on buying and selling (which I suspect is also applied equally to Grenadians). In the above example, legal fees (including VAT) for the purchase would come out to US$18,400 and legal fees on selling at the “break-even” value would be US$25,760. Compare this with approx. $700–800 buying and $650–750 selling in Canada! (The Canadian fees reflect the fact that most real estate transactions are entirely routine and executed mostly by legal clerks.) Non-nationals must feel as if they are being fleeced by everyone — and they are. Ours is not that much better. Time to reduce stamp duties and reduce legal fees. Look where Barbados is!!

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