luxury locations issue 21

PROPERTY

ANTIGUA LUXURY REAL ESTATE

OVER THE FOLLOWING PAGES WE DELVE INTO THE UNIQUE CHARACTERISTICS AND STRATEGIC ADVANTAGES OF THE ANTIGUAN LUXURY REAL ESTATE MARKET, SPOTLIGHTING ITS RESILIENCE AND INELASTIC DEMAND FOLLOWING THE COVID-19 PANDEMIC.

LUXURY L O C A T I O N S E S T A T E A G E N T S

We’ll then explore Antigua’s attractive gated communities, discuss the value of building versus buying, and offer guidance for potential homeowners and investors in this captivating Caribbean locale. And last but not least, we showcase some of the unique real estate opportunities for sale and rent. RESILIENCE AND INELASTICITY: A DIVE INTO THE ANTIGUAN LUXURY REAL ESTATE MARKET POST-COVID BY SAM DYSON OF LUXURY LOCATIONS F rom a sophisticated economic viewpoint, the Antiguan property market has demonstrated remarkable resilience and dynamism in the aftermath of the Covid pandemic. The period was characterised by a substantial appreciation in property prices, coupled with a heightened level of transactions. However, following this notable surge in demand in 2021 and 2022, there has been a noticeable deceleration in market activity in early 2023. But it is not all bad news. What sets the Antiguan real estate landscape apart is its unique response to price adjustments, which can be attributed largely to the luxury appeal of its property portfolio. Unlike many other real estate markets, demand for Antiguan properties exhibits a significant degree of inelasticity, as such demand remains relatively unaffected by price oscillations. This trait offers a strategic advantage to investors as they can expect consistent capital appreciation, irrespective of global economic trends or shifting patterns in real estate demand. However, it’s important to note that while prices tend to grow persistently, the turnover rate, or churn, within the market is susceptible to global economic downturns. During such periods, properties may stay on the market for longer durations than usual before a buyer is found. Nevertheless, this does not generally translate into a depreciation of property value, further attesting to the robustness of the Antiguan property market. For more insights into the subtle complexities of the real estate market in Antigua and the wider Caribbean region watch our “Tuesday Chats” podcast-style discussions on YouTube. Each week we discuss different aspects of the property market, tips for homeowners, buyers and sellers. Scan the QR codes here with your camera phone to dive straight into the action.

TOP 10 REASONS YOU SHOUD INVEST IN ANTIGUA

HOW TO PREPARE YOUR PROPERTY FOR SALE

WHAT FACTORS SHOULD BE CONSIDERED FOR REAL ESTATE PROJECTS IN ANTIGUA

DOS AND DON’TS OF PROPERTY PURCHASING IN ANTIGUA

TRENDS IN THE REAL ESTATE MARKET IN THE CARIBBEAN

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