LEAD INDICATORS
The team has reported that there is a general lack of inventory, making it challenging for tenants seeking options. Several new projects have recently been completed or are scheduled for completion within the next 18 months, which should positively impact inventory. Developments such as The Estates, Allure, Aspire, The Residences at Porters Place, Sorrento, Residences at Coverley, and Atlantic Breeze are among the most anticipated. These projects are expected to significantly improve the current inventory shortage, particularly within the BDS $2,000-$10,000/month rental range.
Holiday rentals play a pivotal role as a lead generator for the Terra Team in both long-term rentals and sales. Therefore, it is important for us to follow key trends in that market, which will, in turn, have an impact on both sales and long-term rental transactions.
Tourist arrivals are showing a robust increase, up 18% year-on-year and 2% above 2019 levels. The T20 World Cup has significantly contributed to this growth, enhancing the appeal of the destination. In addition, increased airlift from key markets, including the UK, Canada, and the