Antigua and Barbuda Real Estate Market Overview 2024

• Posted on Oct 30, 2024
• In Industry News, Antigua & Barbuda, Real Estate

Why invest in Antigua and Barbuda Real Estate?

Antigua and Barbuda, a picturesque Caribbean nation, is experiencing a significant transformation in its real estate market, driven by robust tourism growth and an attractive Citizenship by Investment (CBI) program. The landscape reveals promising opportunities for investors looking to capitalize on this thriving market.

Attractive destination

Antigua and Barbuda is renowned for its stunning beaches, vibrant culture, and welcoming atmosphere. With a total area of just 108 square miles, the islands offer a unique blend of natural beauty and modern amenities that attract tourists and investors alike.

Tourism Growth

The tourism sector is a cornerstone of the Antiguan economy, accounting for over 60% of national income. As of the first half of 2024, there has been a remarkable 15% increase in overnight visitors numbers compared to the same period in 2023. This surge in tourism not only boosts local businesses but also drives demand for real estate, particularly in high-demand areas.

Economic Growth

The economy is projected to grow by 6.3% in GDP as of H1 2024 compared to 2023. This growth reflects a recovery from the pandemic’s impact and highlights the resilience of Antigua and Barbuda’s economic framework.

CBI Application Growth

Interest in the CBI program has surged, with 739 applications submitted as of H1 2024—a staggering 205% increase from 2023. This growth indicates a strong appetite for investment opportunities among foreign nationals seeking citizenship through real estate.

Investment Requirements

For those interested in obtaining the CBI program through real estate investment, certain requirements must be met:

• Minimum Investment: A minimum investment of $325,000 is required to qualify for citizenship.
• Holding Period: Investors must maintain ownership of the property for at least five years.
• Approved Areas: Properties must be in government-approved areas, which include prime locations across both Antigua and Barbuda.

Property Types

Antigua and Barbuda offer a diverse array of property types suitable for various investment strategies:

• Villas and Luxury Homes: High-end properties that cater to affluent buyers.
• Condominiums: Ideal for those seeking lower maintenance options with access to amenities.
• Hotel Shares: Opportunities to invest in luxury resorts and benefit from rental income.
• Commercial Properties: Options for investors interested in retail or hospitality ventures.

Ownership Types

Investors can choose from several ownership structures:

• Freehold Ownership: Complete ownership rights over the property.
• Leasehold Ownership: Long-term leases typically last up to 99 years.
• Shared Ownership: Co-investment opportunities in larger developments or hotel shares.

Why Invest in Real Estate in Antigua and Barbuda?

Investing in real estate in Antigua and Barbuda offers several compelling advantages:

• Strong Economic Growth: The positive GDP growth rate indicates a healthy economic environment conducive to investment.
• Favorable Tax Environment: The absence of personal income tax, capital gains tax, or inheritance tax enhances profitability.
• Pathway to Citizenship: The CBI program provides an expedited route to obtaining citizenship for investors and their families.
• High Rental Income Potential: Investors can expect average rental yields ranging from 4% to 8%, particularly from properties catering to tourists.
• Diverse Property Options: A wide range of property types ensures that investors can find options that align with their financial goals.
• Stable Real Estate Market: The market has shown resilience with steady price appreciation, driven by limited land availability and increasing demand.

How Arton Can Assist

Arton Capital specializes in guiding you through the entire process of obtaining Antigua and Barbuda citizenship by investment. Our experienced team provides personalized support at every stage—from selecting the right property for your investment portfolio to ensuring compliance with all legal requirements. With our expertise, you can navigate the complexities of the application process smoothly and efficiently.

Connect with us today and take the next step toward becoming a global citizen.

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