Buying a house in Guyana

Even though renting in Guyana offers flexibility and certain rights, buying property is considered a good financial investment. However, there are a lot of things to take into account.

Why buy a house in Guyana?

Here are a few reasons why you should buy a house in Guyana:

• Pride of ownership; owning a house offers a sense of stability and security.

• Control over the property (decoration changes, pets, noisy activities etc.).

• Can be a smart investment.

• Buying a house is an important financial decision, so it’s crucial to prepare yourself by doing some research beforehand. Here are things you should consider when buying a house in Guyana.

Taxes & Costs

There are a lot of costs involved when buying a house. Make sure you are aware of the financial implications; keep yourself informed of the taxes and costs of buying a house in Guyana.

Buying a house to rent out

Foreigners can purchase property in Guyana, whether they remain residents or live remotely. This means you do not have to sell your house if you return home or have to leave the country. You can rent it out for extra income instead. Make sure that you know what your obligations would be as a landlord and what you can expect from your tenants.

Real estate agents in Guyana

If you don’t have the time to track down a suitable house to buy and do all the subsequent negotiations, perhaps it’s a good idea to contact a real estate agent. It will save you a lot of time. Find out how real estate agents in Guyana work.

Mortgages in Guyana

Do you qualify for a mortgage in Guyana? What types of mortgages are there to choose from? Read our guide to Guyanese mortgages for expats to learn more.

Residential premises insurance

Here are some residential insurance types in Guyana.

• Home / Household insurance

• Household contents insurance covers damage caused by burglary, fire etc.