Investing in Paradise: Sam Dyson Breaks Down the Antigua Property Market for 2024! - (Ep.17)

🏠✨ Dive into this week's unique Tuesday chat with Sam Dyson, where he delivers a captivating monologue on the Antigua property market update for January 2024! 🌴📈
The Caribbean Property Market has experienced its share of twists and turns in recent years, influenced by global events. Sam takes you on a journey, reflecting on the rollercoaster ride from a standstill in 2020 to a surge in sales in 2021-2022, and now, a return to normalcy in 2023-2024.
Discover why early 2024 is an opportune time to invest in Caribbean property, as market volatility subsides, and traditional stability aligns with the seasonal nature of transactions in the region. Sam emphasises the market's resilience, demonstrating price inelasticity during turbulent times.
For property owners, this resilience translates into robust prices and a return to predictable market patterns, especially aligning with the tourist season. Antigua's consistent real estate appreciation makes it an attractive destination for long-term investment and lifestyle enrichment.
Looking ahead to 2024, Sam shares his optimism for continued market vibrancy in Antigua and Barbuda. Easing global interest rates, competitive rates in Antigua, and a plethora of new real estate developments contribute to a positive outlook for the year.
If you're considering a property purchase or dreaming of your own slice of Caribbean paradise, Luxury Locations is here to guide you every step of the way. Subscribe for more insightful property market updates and lifestyle videos, or reach out to luxurylocations.com for personalised assistance.
Thank you for tuning in to this enlightening market update! 🌟🏡

[@rawalrudrabhojbhati1540]

I find cost of construction to be extremely high given the low labour cost there. Is it because of the shipping cost, or taxes?

[@luxurylocationscaribbean]

If you are building not with in a development where the developers have duty free concessions then it will be a more expensive but the price is always based on the level of fixtures and fittings you choose.

[@kansasplowboy6861]

Are there any hurricane proof homes being built there on Antigua??? Or do we buy a home and pray?

[@luxurylocationscaribbean]

All homes are being built to Cat 5 specifications, shutters and back up generators. We are lucky in Antigua and tend not to get big ones 🤞

[@luxurylocationscaribbean]

There is more technology being put into houses in Antigua and across the Caribbean. Most new builds will be able to withstand hurricane force winds and use materials that are able to withstand category 4 and 5 hurricane force winds.
Most owners opt however for hurricane insurance as you never know what damage may occur especially from debris.

[@kansasplowboy6861]

I appreciate the information. I am planning to get CBI 1st. It's my understanding that CB real estate is for time shares. Not interested in that.@@luxurylocationscaribbean