Antigua Real Estate by JHR Caribbean

The Antigua Real Estate market is off to a strong start in 2012. Current sales are showing that the market is revitalized and heading in a positive direction but we are still in a buyers market. Antigua real estate is some of the most undervalued in the region and when compared to other island such as St Kitt's. St Lucia and Barbados in some instances Antigua is 40% below current market values. Antigua is able to deliver the best natural product, stunning beaches, a regional hub for international travel, low crime rate, year round sunshine and of course some great restaurants and bars to enjoy.

The market in 2012 has already exceeded the sale numbers for 2011 and the average purchase has increased to $1,000,000 USD. This could be attributed to a number of new higher bracket developments that have broken ground in the past few years but now have finished product to show potential clients. This differs from the height of the market in 2007/8 when we had a myriad of off plan developments on the market. As we all experienced the global economic downturn has changed real estate markets the world over and off plan sales have almost ceased with the exception of developments that have the backing of a strong brand or have finished product to show perspective clientele.

JHR Caribbean has a number of projects such as this that have benefited from having properties finished that showcase the product the developer can produce. These would include projects such as Tamarind Hills, Grand Estate, South Point, Non Such Bay and Daniel Bay just to name a few.

We have also noticed that the higher end of the market is moving a lot quicker and that higher bracket clientele are frequenting the island looking for unique properties in exceptional locations that only Antigua can provide. Some of the beachfront locations available are so spectacular that if the same property was in Barbados it would be more than double the price.

What is the reasoning for this? Well the reality is that Antigua is a market on the raise, the latest numbers produced by the Developers Association of Antigua and Barbuda pegged the current slated investment into the market in excess of $650,000,000 USD. With the addition of new projects and investment into the island each facet of the economy builds on the next. Infrastructure improves as do the restaurants and stores, new hotels open, increased flights from new destinations and the spiral goes on and on.

In short the Antigua real estate market is increasing at a steady pace but still has a way to go before it reaches its full potential, this means that currently product is priced to sell and with such a wide variety of options for potential clients there are properties to suit every budget.

For a more in depth view of the market and if you are interested in seeing what real estate in Antigua is all about please contact us.