Buoyant Antigua Tourism Drives Luxury Real Estate Market

The luxury real estate sector in Antigua is currently thriving, thanks to several key factors. According to local real estate agents, this surge is largely driven by the island’s robust tourism, a scarcity of high-end homes, a stable government and economy, and convenient access from North America and Europe.

Antigua, a popular destination within the English-speaking Caribbean, saw a significant uplift in tourism in 2023, welcoming 282,896 visitors—a 6.3% increase from the previous year. The allure of Antigua is not just its stunning vistas and cultural richness but also its strategic position as a hub in the eastern Caribbean. The modern international airport further facilitates easy travel, enhancing its attractiveness to potential real estate investors.

Image Credit OBMI

The island’s property market caters predominantly to North American and European buyers and Antigua’s thriving villa rental sector makes it an appealing location for those looking to invest in second homes or buy-to-let properties. Notably, the post-Covid era has witnessed a strong rebound in property prices across various locations. The influx of long-term digital nomads during the pandemic, many of whom have now opted to invest in local properties, underscores the ongoing demand.

Antigua is renowned for its vibrant yachting scene, hosting several internationally acclaimed sailing events annually, and boasts world-class hotels, restaurants, marinas, and medical and financial services. Such comprehensive amenities make investing here a highly attractive prospect, especially with unique high-end freehold property opportunities like Pearns Point on offer.

Image Credit Studio RHE

Rufus Gobat, Sales Director at Pearns Point, notes that the high-end market in Antigua remains robust, primarily due to limited supply and considerable demand, especially for exclusive beachfront properties. “Properties on the protected west coast of Antigua are particularly sought after due to their ideal location, featuring the best beaches, calmest seas, and access to a wide range of facilities,” Gobat explains. He also highlights that waterfront properties are the most desirable, and buyers often prefer land plus villa options, allowing them to customise their dream homes with local expertise in planning and construction.

Looking ahead, Gobat is optimistic about the future. “We expect demand to continue growing as Antigua and the Caribbean remain among the safest and most desirable regions globally, offering excellent weather year-round, ease of access, and a thriving tourism sector coupled with a stable economy.”

Image Credit Studio RHE

Pearns Point presents a rare opportunity for buyers to invest in one of the Caribbean’s most picturesque locations. The development includes a selection of luxury homes on a stunning peninsula, characterised by natural beauty and surrounded by eight secluded beaches. With a variety of lots available, from beachfront to ocean view, buyers can also choose to build a custom-designed home through the Developer’s Lot + Villa program, ensuring high-quality construction and design.

Starting prices at Pearns Point range from US$2,017,990 for a 31,046 sq. ft. Ocean Front lot to US$3,217,990 for a combined lot and villa package. The project also qualifies buyers for the Antiguan Citizenship by Investment Programme, adding an extra layer of appeal.

For more details or to make an inquiry, visit www.pearnspoint.com

Note: The villa price includes the building up to the roof and essential infrastructure but excludes external features and interior finishes.

Top image credit KSR Architects

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