2024-2025加勒比群岛房地产市场研究报告

F O R E W O R D C O N T E N T S With its breathtaking landscapes, vibrantcultures, and strategic location, the Caribbeanhas long been a coveted destination for The Caribbean’s RegionalResonance Spanning from The Bahamas in the north to Trinidad and Tobago inthe south, the region’s islands offer diverse real estate opportunities,including luxury beachfront properties, stunning sea view villas, andcharming pied-de-terres in gated and managed estates. Each island has Barbados In recent years, Savills have seen property markets in the Caribbeanexperience a significant resurgence following the challenges of thepandemic. As global travel restrictions eased and demand for secondhomes, vacation rentals, and remote working hubs increased, theislands saw a notable rebound in real estate activity. With moreinternational buyers seeking a balance of work, leisure, and investmentpotential, the Caribbean has reemerged as a top choice for those Antigua and Barbuda Cayman Islands St Vincent &the Grenadines Interest from developers has continued apace in the last 12 months, andwe are excited that the number of branded residential developmentsbeing conceived and built within the Caribbean as a whole. Development T O MV I C K E R YHead of Savills Caribbean Desk Only Europe has seen a stronger level of growth in itsinbound tourist arrivals from 2010 to 2023, with an and coordinate responses to natural disasters andclimate change. Through the organisation, there are nowseveral free trade agreements across the region, which This surge of travellers has helped to support many localeconomies in the Caribbean, with the IMF reportingaccelerated GDP growth for the region, rising from anaverage of 3.6% annual growth between 2017-19 to 12.9% The United States is the nearest economic powerneighbouring the Caribbean and is a significant source forboth tourists and buyers in local residential markets. Whilehigh inflation has dampened consumer sentiment across The Caribbean Community, known as CARICOM,acts as a regional integration organisation akin to theEuropean Union. It seeks to align member states and The Caribbean, with its nearly endless beaches and unique islands remainsamong the world’s premier tourist and second home destinations. The regionhas bounced back from the pandemic, with international tourist arrivals and T H E R O L E O F T H E E X E C U T I V E N O M A D Globally, some 58 jurisdictions offer visa programmesfor temporary remote workers, 10 of which are in theCaribbean. Something that began as a niche visa type tooffset weak tourist markets in the wake of the pandemichas now become widespread and is becoming a key tool Executive and digital nomads require high speedinternet, something that the average vacationer orresident can appreciate as well. Investments andimprovements in this area are happening, with Branded Residences and other purpose-built developments are popular for buyers looking to spend part of the yearin the region. Amenities, services, and security are integral to these developments and are key selling-points for manyglobal buyers. Brands are also taking notice; as of July 2024, there are 28 operating developments across the region with As a region of islands, climate change, with its associated risks of sea level rise, is a concern for many Caribbean markets.All of our featured markets are tackling this problem, with many governments actively working with the United Nationsand various international organisations to raise awareness of the issue. Many nations are taking steps towards climatemitigation, such as the restoration of natural flood barriers, including coral reefs. With respect to real estate’s impact on As the Caribbean economy has been surging in recentyears, the prime residential markets have done thesame. Across the sample markets in this report, primeresidential prices have increased by an average 27%in the past five years. Prime reflects the top 5-10% ofprices across the studied markets. However, the locationsacross the Caribbean do not appear to have reached a The Bahamas, tend to see higher prime residential pricingthan locations such as Antigua and Barbados, whichare less popular with Americans. However, Antigua and The land-constrained nature of the islands across theregion, coupled with increased global demand levels, From the grounded and authentic island experienceof Antigua to the fully fledged luxury developmentsin Barbados and The Bahamas, there are diverse Within the region, there is a significant degree of pricingvariation as well. Established destinations closer to the THE BAHAMAS Prime second-hand villas currently sit at $1,290 per square foot, while mainstream prices sit at $360 per square foot. Inthe ultra-prime sector, prices have stayed relatively flat, with a modest -4% decline from 2019 to September 2024. Price The rise of remote work and an influx of professionals leaving urban centres have also fuelled the Bahamian real estatemarket, resul