Profitability of investment real estate in the Caribbean in 2022
The profitability of Caribbean real estate is comparable to European and ranges from 2 to 5% per annum. At the same time, the management company is usually involved in the maintenance and leasing of objects, so investors do not have to find tenants themselves and monitor the condition of the property.
Let’s talk about profitable properties in five Caribbean countries and how to get a second passport for purchasing real estate in the region.
Profitable real estate in the resort complexes of Antigua and Barbuda
A resort complex on the Eastern coast of Antigua island has operated since 2010. In 2022 investors are able to buy:
a townhouse in shared or full ownership;
apartments with one or two bedrooms;
a cottage on the first coastline;
a villa with five bedrooms;
a plot of land for the construction of a villa.
The cost of real estate starts from $200,000 which is the price for one share in a townhouse. Apartments will cost from $400,000 and cottages from $900,000. Land plots are being sold for $550,000 or more.
The profitability depends on the type of property purchased. For the share it will be 2-3% per year, for apartments — up to 6%.
2 to 6%
A villa in a five star resort complex costs $400 000, in case it includes two bedrooms. A three-bedroom villa will cost $450,000. At the same time, it is possible both to purchase the object as a whole, and half in fractional ownership.
The owner of the villa can live in it himself or transfer it to a management company for a long-term lease. In the second case, the yield will be from 3 to 5% per annum.
Apartments in a boutique hotel can be purchased in fractional ownership: the cost of a share will be from $200,000. The price for full ownership depends on the room type. For example, a standard 47 m² room costs $250,000 while a 93 m² penthouse costs $600,000.
Construction of the project started in the first quarter of 2021. The planned commissioning date is the third quarter of 2022. The annual profit from renting rooms will be from 2 to 4%.
Apartments and commercial properties with guaranteed yield in Saint Lucia
A luxury hotel in Micoud consists of 380 rooms costing from $300,000. The construction will be completed in May 2023, after which the owners of the hotel apartments will begin to receive an income of 3% per annum.
3% per annum
Guests of the hotel will enjoy panoramic views of the Atlantic Ocean, the white sand of local beaches and the tropical nature of the island of St. Lucia. On the territory of the resort, they will have access to a restaurant, several bars, a spa center, a conference room, a kids club and recreation areas.
A resort complex in a city of Vieux-Fort offers to investors for the purchase:
apartments costing from $318,000;
duplexes starting at $318,000;
retail spaces starting at $368,000.
The construction of the complex will be completed in the second half of 2022. A terminal for cruise ships, a marina, a hippodrome, free trade zones, business centers, beach lagoons with hotels and villas, entertainment centers will begin to operate on the territory.
The yield of objects will be up to 5% per annum.
Second citizenship by investment in Caribbean real estate
The investor can obtain a passport of the selected Caribbean country for the purchase of real estate. To do this, the value of the object must comply with the established limits. In a few years, the investor will be able to sell the property and return the money invested.
Conditions for obtaining citizenship in the Caribbean for the purchase of real estate
When buying real estate, the investor pays a tax in the amount of 0.2 to 1,27% of the value of the object. To obtain citizenship by investment, you must also pay a government fee, a Due Diligence fee and an application processing fee. The total amount of expenses depends on the chosen country and the number of applicants from the investor’s family.
Individual cost calculation of the Caribbean passport
Immigrant Invest is a licensed agent who helps to choose investment property and obtain a second citizenship in the Caribbean. If you would like to become a citizen of a Caribbean country, seek advice from our investment program experts.