Unlike many places in the world that have our benefits, there are no restrictions on buying property on the Isle of Man. With a population of only 80,000 and 221 square miles for us to enjoy, there is plenty of space to relax in. The housing stock is very varied and prices are comparable to the south coast of England. A snapshot of the property market will see a typical 3 bed-roomed house selling for around £270,000 and an executive 4 bed-roomed house for around £450,000. £2m will buy a very large home with acreage.
The architecture ranges from Victorian town houses to modern homes using the latest construction techniques. There is also a range of apartments on the market that start with studios for the young first-time buyer to luxury duplex properties with concierge services and leisure facilities.
On the commercial property side, again there is considerable scope and a number of developers are poised ready to build to specification.
The Isle of Man’s size means that it can offer the space required for the most high value business complemented by a modern communications infrastructure that one would expect. Prices, per square foot, are extremely competitive and the Isle of Man Government supports commercial enterprises through a competitive grant scheme.
There are several excellent estate agents on the Island who can provide more details.
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