Authored by the expert who managed and guided the team behind the Guatemala Property Pack
Yes, the analysis of Antigua's property market is included in our pack
What do the latest numbers reveal about Antigua’s real estate market? Are property prices on the rise, or are they stabilizing? Which areas offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Antigua, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
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1) Antigua and Barbuda’s real estate market is projected to keep growing due to tourism and economic stability
The real estate market in Antigua and Barbuda is thriving, thanks to a surge in tourism.
In the first half of 2024, the country saw a 15% increase in overnight visitors compared to the same period in 2023. This influx of tourists is not just a boon for local businesses; it also ramps up the demand for properties, especially in hotspots. Imagine the bustling streets and vibrant beaches filled with eager travelers, all contributing to a lively real estate scene.
Economic stability is another driving force behind this growth. Antigua and Barbuda's GDP grew by 6.3% in the first half of 2024 compared to 2023. This impressive recovery from the pandemic highlights the country's resilient economic framework. Such stability makes it an appealing destination for those looking to invest in property, offering a sense of security and potential for returns.
The Citizenship by Investment (CBI) program is also a game-changer. In the first half of 2024, there was a 205% increase in applications compared to 2023, with 739 applications submitted. This surge shows a strong interest from foreign nationals in using real estate as a pathway to citizenship. It's a win-win, boosting the market while offering new opportunities for investors.
Picture this: a place where economic growth and tourism create a perfect storm for real estate. The demand for properties is not just a trend; it's a reflection of a thriving economy and a welcoming environment for investors. The CBI program adds another layer, attracting global interest and further fueling the market.
With these factors in play, the real estate market in Antigua and Barbuda is set to continue its upward trajectory. The combination of tourism, economic stability, and investment opportunities makes it a compelling choice for potential buyers.
Sources: Global Citizen Solutions, Arton Capital, Global Citizen Solutions
2) British buyers made up 60% of foreign purchasers in Antigua and Barbuda’s residential property market
British buyers make up 60% of foreign buyers in Antigua and Barbuda's real estate market.
Antigua and Barbuda's stunning beaches and stable political environment are key attractions for British citizens. These features make the island a top choice for those seeking a vacation home or investment property.
The island's favorable tax laws further entice British investors. These laws provide financial advantages that are hard to ignore for those looking to invest abroad.
Another major draw is the Citizenship by Investment program, which offers a pathway to citizenship. This is particularly appealing for wealthy British investors aiming to expand their global footprint.
In recent years, the trend of British buyers dominating the market has remained consistent, including in 2023 and 2024. This consistency highlights the enduring appeal of Antigua and Barbuda.
For those considering a property purchase, the island offers a unique blend of natural beauty and financial incentives, making it a compelling option.
Sources: Imin Caribbean, Global Citizen Solutions, Aparthotel
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Guatemala. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
3) European nationals comprised 25% of foreign buyers in Antigua and Barbuda’s residential property market
In 2023 and 2024, Antigua and Barbuda's residential property market attracted a strong wave of European buyers.
Among these, British buyers dominated, making up 60% of the foreign buyer segment. Yet, it's not just the British who are interested. Other European nationals also made a significant impact, representing 25% of the market. This means that a quarter of the foreign buyers came from various European countries, excluding the UK.
Why is this happening? Well, Antigua and Barbuda offer a unique blend of tropical charm and investment potential that appeals to Europeans. The islands' beautiful beaches, favorable tax conditions, and stable political environment make them an attractive option for those looking to invest or relocate.
For many Europeans, the idea of owning a piece of paradise is enticing. The islands' proximity to Europe and direct flight options make it a convenient getaway or second home location. Plus, the local culture and lifestyle offer a refreshing change from the hustle and bustle of European cities.
It's not just about the lifestyle, though. The property market in Antigua and Barbuda is seen as a solid investment. With rising property values and a growing tourism industry, investors are keen to get in early. This trend is particularly appealing to those looking for long-term gains.
Sources: Global Citizen Solutions, Savills
4) Residential properties for sale in Antigua are expected to drop by 5% in 2024, tightening the market
In 2023, Antigua's real estate market was buzzing with interest due to its rich cultural heritage and tourist appeal.
This popularity often means a competitive market, as many are eager to buy properties. With so many people wanting to rent, property owners might prefer renting out their homes instead of selling, which reduces the number of homes available for sale.
The demand for rentals was high, which can sometimes mean fewer properties are available for sale. When more people want to rent, property owners might choose to rent out their homes instead of selling them, reducing the number of homes on the market.
Moreover, the average prices of houses in Antigua were quite high, indicating a strong and active market. When prices are high, it can sometimes discourage new listings, as potential sellers might wait for even better prices, further tightening the market.
Moreover, the average prices of houses in Antigua were quite high, indicating a strong and active market. When prices are high, it can sometimes discourage new listings, as potential sellers might wait for even better prices, further tightening the market.
Sources: Carapgt.com, Citymax-la.com, Century 21 Antigua Fine Homes
5) International hotel brands and real estate developers are showing increased interest in Antigua and Barbuda’s real estate market
Antigua and Barbuda's real estate market is buzzing with increased interest from international hotel brands and real estate developers.
The island's tourism industry is thriving, with a 15% rise in overnight visitors in the first half of 2024 compared to the previous year. This growth has caught the attention of hotel brands eager to capitalize on the island's charm.
European buyers, particularly from the UK, are flocking to the island, with British buyers making up 60% of foreign property purchases. They are drawn to the luxurious beachfront properties and villas, highlighting Antigua and Barbuda as a top real estate destination.
The Citizenship by Investment (CBI) program is a game-changer, allowing foreign nationals to invest in real estate and gain citizenship. This program attracts high-net-worth individuals and global investors, offering a unique mix of investment and lifestyle benefits.
Antigua and Barbuda's economic stability is another major draw. The island boasts a stable economy with no personal income, capital gains, wealth, or inheritance tax, creating a favorable environment for real estate investment.
Luxury developments on the island are built to international standards, ensuring that investments not only retain their value but also diversify investors' portfolios.
Sources: Global Citizen Solutions, Rosewood Hotels, Tisoro Global
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6) Real estate investment applications in Antigua and Barbuda under the CBI program reached 739 by H1 2024
Antigua and Barbuda is experiencing a notable surge in real estate investment applications through its Citizenship by Investment (CBI) program, with 739 applications submitted in the first half of 2024.
This represents an 8% increase from 2023, when 685 applications were received. The government has been proactive in boosting the real estate sector by aligning the minimum investment requirements with pan-Caribbean CBI standards, which likely spurred investors to act swiftly.
Interestingly, the implementation of these changes was postponed from July to August 2024, giving investors a narrow window to capitalize on the opportunity. This strategic delay may have contributed to the increased interest and application numbers.
Under the CBI program, the real estate investment option allows applicants to purchase property worth at least US$300,000. This not only provides a path to citizenship but also opens doors to a vibrant property market.
Investors are drawn to the potential for value appreciation and rental income, making it an attractive proposition. The thriving market conditions in Antigua and Barbuda offer a promising landscape for those looking to invest in real estate.
With the government's efforts and the appealing investment opportunities, it's no surprise that the country is seeing a significant uptick in interest from global investors.
Sources: IMI Daily, CIP Government of Antigua and Barbuda
7) Expatriate population in Antigua is projected to grow by 20% by 2025, impacting the residential real estate market
The population of expatriates in Antigua is expected to grow by 20% by 2025, influencing the residential real estate market.
In recent years, particularly in 2023 and 2024, the demand for homes in Antigua has been largely driven by remote workers and retirees from the US, Europe, and Canada. This influx has led to a steady increase in property prices, with an annual growth rate of about 5% since 2019. The appeal of Antigua's lifestyle and climate continues to attract these groups, making it a hotspot for international buyers.
Foreign buyers, mostly cash buyers, play a significant role in the market. They face no restrictions on purchasing Guatemalan real estate, except for properties next to bodies of water. While many buyers are local second-home seekers and retirees from other parts of Guatemala, a substantial number come from the US, Europe, and Canada, further diversifying the market.
The luxury segment is thriving, driven by high-net-worth individuals seeking upscale properties. This demand is complemented by a growing interest in eco-friendly and sustainable real estate projects. Properties suitable for short-term vacation rentals are also gaining popularity, reflecting the dynamic nature of the market.
These trends indicate that the market is influenced by various factors, including demographic changes. The anticipated growth in the expatriate population is expected to further shape the real estate landscape, offering opportunities for both buyers and investors.
Sources: Tim and Julie Harris, Park Lane Properties
8) Residential real estate transactions in Antigua are expected to grow by 10% annually over the next three years
The number of residential real estate transactions in Antigua is forecasted to increase by 10% annually over the next three years.
Antigua's real estate market is buzzing, with demand often outstripping supply, especially in the charming historic center. Buyers are keen on everything from new builds to fixer-uppers, drawn by the city's colonial allure and rich cultural heritage. This interest isn't just local; foreign buyers are also eager to invest, seeing Antigua as a prime spot to live or invest.
Foreign investors, including retirees and vacation home seekers, are playing a big role in this growth. Thanks to Guatemala's stable economy and low interest rates, financing is more accessible, making it easier for buyers to jump into the market. Areas like Ciudad Vieja and San Miguel Dueñas are seeing new developments, offering modern living spaces with communal perks.
These new residential communities are not just about homes; they offer a lifestyle with amenities that appeal to both locals and foreigners. The combination of modern conveniences and Antigua's timeless charm makes these areas particularly attractive. This blend of old and new is a key factor in the market's upward trajectory.
Moreover, the favorable lending conditions are encouraging more people to consider property investments. With easy access to financing, potential buyers find it less daunting to make a purchase. This financial accessibility is a significant driver of the anticipated growth in real estate transactions.
As the market continues to expand, the influx of foreign interest and the development of new residential areas are expected to sustain this growth. The ongoing interest from international buyers is a testament to Antigua's appeal as a desirable location for both living and investment.
Sources: RealTalk: Exploring Antigua’s Growing Real Estate Market, Luxury Real Estate in Antigua, Guatemala, Residential Real Estate - Guatemala | Market Forecast
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.