Tourism is a booming industry in Antigua. This Caribbean island has been a paradise for tourists since the 1980s and continues to welcome thousands of visitors every month.
Because of this, it is one of the best places to own a rental property. With the continuous influx of tourists and the right marketing plan for your holiday home, you can expect ROI within a few years with satisfactory profits as well.
Additionally, if you are planning to apply for a second passport, you can get one through the Antigua Citizenship by Investment Program (CIP).
When you invest in a government-approved property in Antigua, you can apply to be a legal citizen of this country. You can do so without renouncing your current nationality. Additionally, you will be issued a passport, one of the most powerful in the Caribbean and the world.
Where to Buy Property in Antigua
If you find the prospect of owning a property in Antigua, having an additional source of income, and being a citizen of this country appealing, your first step is to look for a government-approved house, villa, or apartment to invest in.
You can narrow down your list of options by looking at properties that are ready for occupancy or under development in the following highly-sought-after places in Antigua:
Half Moon Bay
Located in the southeast coast of Antigua, Half Moon Bay has more than 3,200 feet of beachfront spread over 132 acres of land.
The crescent beach at Half Moon Bay is considered one of the best in the world. It boasts white coral sand and crystal-clear turquoise water. Additionally, it is home to one of the most beautiful national parks in Antigua.
At present, this area is undergoing significant real estate development. Plans include a luxury branded five-star hotel located on the beach, oceanfront and hillside villas, and cottages.
Once completed, all properties will have access to the beach as well as incredible views of the coast and surrounding mountains.
Jumby Bay Island
Jumby Bay is located two miles off the coast of Antigua. It is a private island resort with furnished guest rooms and suites and privately-owned residences.
The island has two amazing beaches: Jumby Bay and Pasture Bay.
Jumby Bay beach has soft powder white sand and tranquil, clear waters characteristic of the Caribbean Sea.
Pasture Bay, on the other hand, has the more exciting waters of the Atlantic Ocean. It is excellent for various types of water sports and activities. You won’t be disappointed by the wildlife here as well since the critically endangered hawksbill turtles come to nest in this beach.
Several properties in Jumby Bay Island are currently available for sale. As one of the popular destinations in Antigua, consider investing here.
Sandwiched between two of the island’s most stunning beaches, i.e., Darkwood and Ffryes, Tamarind Hills is located on Antigua’s west coast.
The area is home to many exceptional villas, townhouses, and apartments reminiscent of the laid-back and stylish Caribbean lifestyle. All properties have access to magnificent beaches and are surrounded by amazing views.
Tamarind Hills is one of the most sought-after properties under the CIP since it near the V.C. Bird International Airport and Antigua’s capital, St. Johns.
Antigua’s most historic district has several properties where you can invest in under the country’s Citizenship by Investment program. These include South Point condo hotel, Dieppe Bay villas, and Nelson’s Retreat Apartments.
All properties come with excellent views of the harbor. They are also within easy access of the English Harbour’s most popular attractions such as Nelson’s Dockyard National Park, Clarence House, and Shirley Heights.
If you want to own a holiday rental in one of the busiest places in Antigua, you won’t go wrong with buying a property in the English Harbour.
Nonsuch Bay is located in the eastern coast of Antigua.
At present, there are several luxury chalets and villas available for sale in this part of the island. Properties are located near the beach and have fantastic views of the surrounding sea as well.
The nearby beaches are popular spots for various types of water sports and activities. These include windsurfing, kite surfing, kayaking, and snorkeling. Additionally, they are the perfect spots for getting some much-needed R&R.
Starting a holiday rental business in Antigua will allow you to experience numerous benefits.
Make sure you choose the right property if you want to get the most from your investment and maximize these perks.
Kal Kennard is a Partner at Citizens International, a white-glove specialist firm offering private client services necessary for citizenship investment into the Caribbean, Canada, and Europe. Based in the Caribbean for the past 15 years, she is an experienced consultant who works directly with many professional partners and advises clients worldwide.