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
Are you considering investing in a tropical paradise? Curious about which areas in Antigua are set to boom in the real estate market by 2025? Want to know where your investment will yield the highest returns?
We will lay down recent insights. Here, no guesswork, we rely only on solid data.
Actually, we know this market inside and out. We keep tabs on it regularly, and all our discoveries are reflected in the most recent version of the Guatemala Property Pack
This article gives you valuable insights, but remember, it’s not and will never be investment advice. We pull data from a range of sources to provide you with the most accurate picture possible, yet we can’t guarantee complete accuracy. Markets are difficult to predict. Make sure to do your own research and consult a professional before making any financial moves. Any risks or losses are your own responsibility.
1) Half Moon Bay attracts buyers with pristine beaches and potential for high-end residential projects
Half Moon Bay is drawing in buyers with its pristine beaches and potential for high-end residential projects.
The real estate market here is on the rise, with the median home price hitting $1,710,000 in October 2024, a notable 7.1% jump from last year. This increase shows a strong demand and a promising investment opportunity for those eyeing the area.
Luxury developments like the Rosewood Half Moon Bay are popping up, offering oceanfront villas and cottages that redefine upscale living. These projects not only beautify the area but also attract wealthy buyers seeking exclusive properties.
Half Moon Bay's beaches are getting rave reviews and high rankings in travel publications, making it even more appealing to luxury buyers. This media spotlight positions Half Moon Bay as a top destination for premium real estate, catching the eye of both local and international markets.
With its stunning coastline and upscale developments, Half Moon Bay is becoming a hotspot for those looking to invest in luxury living. The area's charm and potential for high-end projects are undeniable, drawing in buyers who value exclusivity and natural beauty.
Sources: Savills, Rocket Homes, Architect Magazine
2) Falmouth Harbour attracts investors with its development potential and closeness to major marinas
Falmouth Harbour is catching the eye of investors because of its development potential and prime location near major marinas.
One of the big draws is the recent $7 million upgrade to the Falmouth Harbour Marina, which now boasts a new 535-foot berth for mega-yachts. This upgrade not only boosts the marina's capabilities but also lures in more yacht owners and related businesses, making it a hotspot for maritime activity.
Looking ahead, property values in Antigua are expected to rise by 3% to 7% in 2025, thanks to high demand and infrastructure improvements. Falmouth Harbour stands to benefit from this trend, especially with its reputation as a luxury destination. Its closeness to other major marinas like Antigua Yacht Club and Jolly Harbour Marina makes it even more appealing to yacht owners.
The local government is backing the yachting sector with infrastructure improvements, showing a proactive approach to development in areas like Falmouth Harbour. This support is likely to draw more investors and businesses to the area, enhancing its growth prospects.
Tourism in Antigua is on the rise, with yachting playing a big role. This surge in tourism is having a positive impact on local businesses and property values, further highlighting the importance of the yachting industry to the region's economy.
Sources: The Rio Times, The Latin Investor
Everything you need to know is included in our Real Estate Pack for Antigua (Guatemala)
3) St. John's City Center is a booming hub for commercial real estate with rising demand for retail and office spaces
St. John's City Center is buzzing with commercial real estate activity.
In 2023, the area saw a remarkable 20% jump in commercial real estate transactions, with the dollar volume skyrocketing to $18.8 million from $6.4 million in 2022. This momentum carried into 2024, with transactions rising by 14% in just the first four months, showing a clear uptick in interest.
Rental prices for retail and office spaces are climbing, a testament to the high demand. Lease rates range from $21 per square foot in the waterfront district to over $30 in bustling shopping centers, underscoring the area's appeal to businesses.
Local businesses are eager to set up shop in St. John's City Center. The Bank of Montreal, for instance, has opened its corporate offices in a new Class A commercial space, which also features retail space for their branch, highlighting the area's draw for major corporations.
The population of St. John's is on a steady rise, fueled by strong economic growth in Newfoundland and Labrador. This growth is boosting foot traffic and demand for office space, as seen in the improving vacancy rates in the city's core.
With more people moving in and businesses flocking to the area, St. John's City Center is becoming a hot spot for commercial real estate, with increasing demand for retail and office spaces.
Sources: RE/MAX Blog, RE/MAX Blog
4) English Harbour property values are rapidly rising as it attracts yachting enthusiasts and luxury travelers
English Harbour is quickly becoming a prime spot for property investment, especially for yachting enthusiasts and luxury travelers.
In recent years, the area has seen a noticeable increase in high-end property listings, with villas often priced in the millions. This trend highlights a strong demand for luxury real estate, driven by the area's unique appeal. The government's strategic move to invest $40 million in the yachting sector is a significant factor, enhancing the area's allure and boosting property values.
Falmouth Harbour's marina facilities are expanding to accommodate larger yachts, making the area even more attractive to yachting enthusiasts. This development is not just about infrastructure; it's about creating a vibrant community that draws in luxury buyers. The presence of yacht-related businesses and high-profile events is also contributing to a rise in tourist numbers, which in turn fuels the short-term rental market.
The influx of visitors is a boon for the local economy, driving up demand for luxury properties. High-end resorts and hotels are popping up, attracting even more tourists and further increasing property values. This cycle of growth is making English Harbour a hotspot for those looking to invest in a thriving market.
For those considering a property purchase, English Harbour offers a unique blend of natural beauty and luxury living. The area's rapid development and increasing popularity among the elite make it a compelling choice for investment. With the government's continued support and the area's growing reputation, property values are expected to keep rising.
Sources: Rightmove, WIC News, The Latin Investor, Le Figaro Properties, Superyacht News
5) Jolly Harbour's real estate market is booming with high rental yields attracting tourists and investors
Jolly Harbour is a hot spot in the real estate market thanks to its high rental yields from vacation properties.
In the first half of 2024, Antigua saw a 15% rise in overnight visitors, and Jolly Harbour is a favorite among them. This surge in tourism naturally boosts the demand for vacation rentals, making it a prime location for property investment.
Local real estate agencies report that rental yields in Jolly Harbour range from 4% to 8%, especially for properties catering to tourists. This strong potential for rental income makes it an attractive option for investors looking for lucrative returns.
Property prices in Jolly Harbour are on the rise and are expected to continue climbing in 2025, underscoring its appeal as a luxury destination. Investors are seeing strong returns on vacation properties, thanks to ongoing development and improved amenities that enhance property values.
Property management companies are experiencing high demand for short-term rentals, driven by the area's popularity. This demand is fueled by both tourists and investors, making Jolly Harbour a sound investment choice.
Sources: Dan Merriam, Arton Capital, The Latin Investor
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6) Runaway Bay attracts investors with affordable beachfront properties and promising rental income
Runaway Bay is a hotspot for investors eyeing affordable beachfront properties with great rental potential.
Properties here start at $254,779 USD, a steal compared to other Caribbean destinations like Antigua and Barbuda. This makes Runaway Bay an attractive option for those looking to invest without breaking the bank.
Investors are also drawn by the promising rental income. While Antigua and Barbuda see rental yields between 2% and 5%, with average daily rents of $460, Runaway Bay offers similar opportunities, making it a lucrative choice for rental properties.
The region's tourism boom further boosts rental prospects. Antigua and Barbuda saw a record number of visitors in April 2023, hinting at a strong demand for vacation rentals in nearby areas like Runaway Bay.
With tourism on the rise, Runaway Bay is poised to benefit from this influx, offering investors a chance to tap into a growing market for vacationers seeking beachfront stays.
For those considering a property investment, Runaway Bay combines affordability with the potential for steady rental income, making it a compelling choice.
Sources: Real Estate, IMIN Caribbean, Travel Market Report
7) Dickenson Bay's beachfront properties are in high demand for short-term rentals driving up prices
Dickenson Bay is a prime spot for beachfront properties, attracting many looking for short-term rental opportunities.
In recent years, property prices in Dickenson Bay have been climbing steadily. This trend is fueled by international investors who see the island as a luxury destination. With limited housing available in such a sought-after area, prices are naturally pushed higher.
The short-term rental market here is booming. Airbnb and vacation rental listings have surged, showing just how much tourists love this place. Antigua's charm as a top English-speaking Caribbean spot, combined with better air travel options and its fame as a sailing hub, keeps the demand high.
Real estate agents and property owners often talk about the high profitability of beachfront properties in Dickenson Bay. These properties tend to bring in more rental income than those located inland, thanks to the constant flow of tourists.
Investing in beachfront properties here is seen as a smart move. The consistent demand for beachfront stays is driven by a strong tourism sector, making these investments particularly appealing.
With the island's growing reputation and the limited availability of prime beachfront spots, prices are expected to keep rising. This makes Dickenson Bay a hot ticket for those looking to invest in the Caribbean.
Sources: The Latin Investor, Next Generation Equity