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New policy for selling Non-Belonger Land Holding properties

New policy for selling Non-Belonger Land Holding properties

The Ministry of Natural Resources & Labour has implemented a new policy that dictates how select properties for sale in the British Virgin Islands should be advertised.

The new policy states that all proposed sales of Non-Belonger Land Holding License properties must be advertised on the government’s website at bvi.gov.vg/nblhl.

This in addition to the existing policy of having a Non-Belonger Land Holding License properties advertised in the local newspapers for four consecutive weeks.

The new policy takes effect September 21.

A media release from the Ministry of Natural Resources & Labour said the policy change should help people who want to purchase lands and property in the Virgin Islands to have the information they need readily available.

The ministry further said this approach is also aimed at providing another form of exposing prospective sales of lands to a larger segment — especially the younger population and first-time landowners of the community — to what is available in the real estate market.

“This new digital listing is a demonstration of our adaptation to the increasing pace of the Information Age. We no longer have a choice but must become much more responsive in our customer relations. This policy adjustment, to receive digital listings from the public, was a decision made to simplify and expedite property sales and bring major improvements to the customer service experience,” Natural Resources Minister Melvin ‘Mitch’ Turnbull said.

The ministry also welcomes feedback on this initiative at nrl@gov.vg.

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