Islands are being bought and sold all over the world these days, and in some areas, islands are also being given on rent. Buying an island is just like buying a house, just choose the island of your choice and settle down there by paying the price. Buying an island is not as expensive as we think.

Can you buy a private island? Yes. In most cases, you will need a deposit of 10 percent of the purchase price to enter into an agreement of sale. You will also need to arrange for a jumbo mortgage or private financing to cover the remainder of the purchase amount.