Property for sale in Georgetown

1/ Capital of Guyana

Guyana is part of the Anglophone Caribbean and was declared independent in 1966. The surface of Guyana is 215,000 km2. The currency is Guyanese Dollar. It is bordered by Brasil, Suriname, Venezuela and the Atlantic Ocean. Its main economic activities are agriculture, mining (bauxite and gold), timber, minerals and fishing.The official language is English.

Get more information on property for sale in Guyana.

2/ Geogetown, the main city of Guyana

Georgetown is composed of 239,000 inhabitants with 354,000 inhabitants when considering the bordering cities. It has a year-round tropical climate with yearly average temperatures between 26 and 31 degrees.

The main businesses and headquarters of Guyana are located in Georgetown which has 2 major airports : Cheddi Jagan International Airport and the newly opened Ogle Airport.

The principal districts of Georgetown are the following :

- Georgetown : the national Government and the Business district

- Greater Georgetow which comprises :

• The Caribbean Community Secretariat
• Guyana Sugar Corporation
• The University of Guyana
• Ogle Airport
• The Guyana International Conference Centre
• Ocean View International Hotel

3/ Property for sale in Georgetown

The main issue in Guyana is political instability and the fact that the country is struck by high poverty. Both ruling and opposition parties are suspicious of each other and have not been able to make any compromises to help develop the country.

Drug trafficking is strong in the Georgetown. The lack of security is perceived as very high by foreigners visiting the city.

Having said that, the constitution in Guyana guarantees the right of foreigners to own land or real estate in general. The land is split in 4 categories: state owned, government owned, private transporter, rindustrial estates, and titled land.

There are no differences between foreigners and Guyanese citizens when acquiring and selling properties.

In most cases, state and government owned lands are leased and not sold, and the process is handled by the Guyana Lands and Surveys Commission (GLSC). The process of buying land in Georgetown is safe also it is recommended to have the assistance of a trustworthy law firm.

Similarly, private transactions are generally carried out between lawyers for the buyer and seller. Due to the level of poverty in Guyana, it is not recommended at this stage to purchase a property (land, home, apartment) in Georgetown or in Guyana for investment purposes nor for holidays purposes.