The luxury real estate market in Antigua is performing strongly, say agents. The success is driven by a buoyant tourism industry driving consistent demand, a lack of luxury homes to purchase, a stable and buoyant Government and economy, and easy international access from both North America and Europe.
Antigua is one of the most popular high-end English-speaking Caribbean destinations, and tourism figures in 2023 have been the highest achieved to date. In 2023 Antigua & Barbuda received 282,896 visitors, which was a 6.3% increase on 2022.
Antigua’s properties appeal to both North American and European buyers, and a strong villa rental market means second homes and investment properties are appealing as buy-to-lets. Post-Covid prices have bounced back strongly in many locations, and many long term “digital nomads” who lived and worked from Antigua during Covid have gone on to invest in property on the island. Increased international air connections, allied to many new restaurants and five-star hotels have also driven demand higher.
Antigua is the hub of the eastern Caribbean; the modern international airport offers very easy access for many buyers and investors. Antigua has also been the Caribbean centre for yachting for many years with several internationally famous sailing races and regattas taking place annually. There are world famous hotels on Antigua and Barbuda, and there is a highly developed range of facilities including restaurants, marinas, shopping, medical and financial services. Investing in Antigua is straight forward and there are some unique high end freehold property investments such as Pearns Point available for purchase.
Rufus Gobat, Sales Director at Pearns Point says: “The top end of the Antigua property market remains strong with demand outpacing a fairly restricted supply with very few genuine beachfront property opportunities such as Pearns Point available.
“Like everywhere in the world the main criteria for any property purchase in Antigua is location. Beach and ocean front properties are always the most in demand. The protected west coast of Antigua offers the best beaches, calmest seas and good access to a wide range of facilities such as marinas, bars and restaurants as well as shops. The South coast of the island also offers many great options with the best yachting facilities, offshore islands with great restaurants, beaches and in Nelsons Dockyard a UNESCO World Heritage Site.”
Rufus continues: “As ever, water and beach front properties are in highest demand. Land plus villa options are popular, whereby the buyers can completely tailor make their dream villa on the best locations with the help of an on-island team to assist with planning, design and construction. The properties should be located in desirable tourist areas to ensure rentability and capital growth. Gated and secure developments are also always sought after.
In terms of future prospects Rufus says: “We anticipate demand will continue to grow as Antigua and the Caribbean in general remain one of the safest, most desirable regions in the world with year round good weather, ease of access, a superb tourism industry and a very stable economy. We will see a great deal of construction and development on Pearns Point in 2024 and enquiries continue to rise. Purchasers in the right location will realise good capital growth with solid proven rental returns along the way and of course an incredible lifestyle investment.”
Pearns Point in Antigua offers buyers a rare and exciting opportunity to own a property in one of the Caribbean’s most stunning developments. At present there are five super villas under development there, with two already completed.
The community of luxury homes is being built on a spectacular peninsula on the west coast of Antigua, which is joined by a natural causeway. With the feeling of national park, the peninsula is an area of outstanding natural beauty, surrounded by eight idyllic and secluded beaches, Buyers have a choice of Beach front, Ocean Front or Ocean view lots each offering unrivalled seclusion and spectacular vistas across the iridescent turquoise sea.
Pearns Point is an ocean front paradise, that is both secluded and yet conveniently close to some of the island’s main attractions. The restaurants and shops of Jolly Harbour are a 10-minute drive away, the capital St John’s is just 20 minutes’, whilst the international airport is a convenient 30 minutes’ drive.
A spectacular choice of lots is available for sale on this remarkable peninsula. Buyers may also design and build their own dream home on their chosen plot or choose to use the Developer’s Lot + Villa programme which helps buyers build a predesigned villa style and make use of the developer’s experience, professional team of architects and contractors, that understand international quality levels.
Prices start from US$2,017,990 for a 31,046 sq. ft. Ocean Front lot and US $3,217,990 for an Ocean front lot and a villa.*
Antigua offers buyers of approved projects the opportunity to apply for Antiguan citizenship under the Antigua Citizenship by Investment Programme.
For more information visit www.pearnspoint.com. For sales enquiries [email protected]
Photo credit – KBC Architects
