Discover this Year’s Most Popular Property Listings in the Caribbean
Having experienced several challenging years following the 2008 global financial crisis, property buyers returned to the Caribbean in force in 2016.
With so much instability around the world, the Caribbean stands out as an oasis of peace and tranquility offering a warm welcome, year-round sunshine and political and economic stability.
Booming tourism (which means there’s a great opportunity to generate a return on investment through rentals), increasing airlift and cheaper flights, a growing economy, a strong pipeline of new developments and carefully considered tax cuts and government incentives have all come together to attract investors from around the world.
The Caribbean is an extremely varied region with some destinations seeing a big increase in property sales in 2016 and others a little quieter, but, overall, the Caribbean real estate market performed strongly in 2016. Locations such as the Turks & Caicos Islands, The Bahamas and the Cayman Islands, all saw big increases in the number of property transactions and in property prices. For example, the average price of villas sold in Turks & Caicos has steadily grown over the last few years and increased by more than 10% during the third quarter of this year compared to the same period of 2015. The volume of real estate sales in The Bahamas increased by 20% last year and average prices increased by 5%.
So, without further ado, here’s our list of 7 of the most popular Caribbean real estate listings of 2016 that are still on the market.
This luxury home for sale in Tobago was one our most popular property listings in the Caribbean. The property has it all: A spectacular location on a quiet bluff in Tobago, views of a small quiet beach below and stunning architectural design with East Asian influences. Accordingly, the villa is regularly used for for weddings, events and vacation rentals and offers the buyer the opportunity to generate significant rental income.
Not quite what you’re looking for? Discover more real estate for sale in Tobago.
Anguilla – $995,000
With property prices stretching up to $20 million USD, this home for sale in Anguilla represents one of the most affordable, high quality villas available on the exclusive island. With a contemporary design, large pool and spacious indoor and outdoor living areas, this home would make a wonderful vacation or rental villa. And, with Anguilla set to cut stamp duty for foreign buyers in 2017, this villa is a property bargain waiting to be snapped up.
Not quite what you’re looking for? Discover more real estate for sale in Anguilla.
Antigua – $550,000
Having recently launched a Citizenship by Investment Program, Antigua & Barbuda has succeeded in achieving economic growth in 2016 and attracting large amounts of inward investment into tourism and real estate development projects. As a result, there is an exciting pipeline of new villas and condos coming on to the market. One such project includes these brand new villas for sale in Antigua’s north-eastern coast which are approved for the country’s economic citizenship scheme. Located within a beachfront resort, owners and guests will enjoy use of amenities from a beach club and pool to restaurants and concierge service.
Not quite what you’re looking for? Discover more real estate for sale in Antigua.
Roatan – $389,000
The small island of Roatan in the Bay islands in the western Caribbean is considered to be one of the region’s best beach vacation and diving destinations. Located just footsteps from the soft white sand and the sea, this beach house for sale in Palmetto Bay is one of our most attractively priced direct beachfront property listings. The house is conveniently positioned close to Roatan’s Black Pearl Golf Course and is ideal for beach, golf and diving lovers.
Not quite what you’re looking for? Discover more real estate for sale in Roatan.
Turks & Caicos – $368,000
With luxury beachfront properties ranging in price up to £25 million USD, the Turks & Caicos Islands is one of the most exclusive and desirable real estate investment locations in the Caribbean. Property for sale right on the beach on the main islands of Providenciales often comes with an asking price well in excess of $4-5 million USD. To find more affordable real estate in the Turks & Caicos Islands, buyers need to look at islands with a less mature property market such as South Caicos and Middle Caicos. These beach houses for sale in Middle Caicos represent some of the most modestly priced beachfront homes for sale in the archipelago. No wonder they have attracted so much interest from buyers in 2016.
Not quite what you’re looking for? Discover more real estate for sale in Turks & Caicos.
Montserrat – $300,000
Looking for a small quiet Caribbean island with affordable real estate to get away from it all? If so, then Montserrat could be the ideal location. Less developed than other islands, there are no large resorts or large apartment buildings. The western coast of the island is the most desirable investment location for foreign buyers but, with a comparatively small property market, there are very few villas on the market. With an asking price of $300,000 USD, this home for sale in Olveston, Montserrat attracted considerable interest during 2016.
Not quite what you’re looking for? Discover more real estate for sale in Montserrat.
Dominican Republic – $235,873
Last but not least are these beachfront condos for sale in Punta Cana which round off our list of 7 of our most popular Caribbean real estate listings of 2016. These condos are located in a beachfront resort in Punta Cana, one of the most popular areas in the Dominican Republic. The developer is offering buyers guaranteed returns of between 6 and 7 per cent per year which has made the condos extremely attractive to buyers looking for an investment property. Accordingly the apartments are almost fully sold out and there are very few units remaining.
Not quite what you’re looking for? Discover more real estate for sale in the Dominican Republic.
These listings represent just a sample of the properties for sale in the Caribbean that we can introduce you to.