Recent years have seen a steady increase in demand for Caribbean real estate, and Antigua is becoming one of the most keenly followed markets in the Caribbean.
Antigua is one of the islands drawing increasing attention from around the world. This change is being driven by numerous factors. Direct aircraft connections are getting better with several direct flights weekly from NewYork and Miami. Several new residential developments have increased the variety of properties available to foreign buyers. Additionally, remote employment has made it easier for buyers to spend longer periods overseas.
In contrast to other resort areas, Antiguan real estate is still reasonably priced. In choice araes of the island land can be acquired from as low as $15.00/sq. ft.. Prime residential real estate construction costs in Antigua averages about $490 per square foot, compared to about $500 per square foot in Barbados and much more in places like the Bahamas or Bermuda. The value that many buyers perceive in Caribbean ownership is further enhanced by the fact that prices in Antigua for instance are approximately 75% lower than equivalent premium property in Miami.
Over the past ten years, Antigua’s Citizenship by Investment Program (CIP) has been one of the key factors driving the country’s real estate industry. The scheme has expanded the island’s buyer base beyond seasonal tourists and enables eligible investors to obtain citizenship through investment in an authorized real estate property. In 2024 the minimum investment required was reduced from $400,000 to $300,000.
