Antigua and Barbuda: House Prices, Rents, and Rental Yields

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Last Updated: Nov 29, 2007

Yields are moderate in Antigua

			Last Updated: November 29, 2007
ANTIGUA - Houses¹	COST (US$)		YIELD (p.a.)	PRICE/SQ.M. (US$)
	TO BUY	MONTHLY RENT		TO BUY	MONTHLY RENT
2 bedrooms	399,051	n.a	n.a	n.a	n.a
3 bedrooms	634,451	n.a	n.a	n.a	n.a
BARBUDA²
¹Blue Waters, Cedar Valley, Crosbies, Dickenson Bay, Falmouth Harbor, Hodges Bay, Jolly Harbour, McKinnons, and Paradise View. We used the number of bedrooms instead of the size of properties in grouping and comparing our variables because many property listings do not include data regarding size. There is insufficient data on properties for rent. Most rentals are for short-term basis only. ²The only village in the island of Barbuda, Codrington, is not included since it is not regarded as an upscale area. Also, there are only a few properties available in the said village. Source: Global Property Guide

Yields are around 6.2% for properties in Antigua, the centre of the rental market. Rents are predominantly seasonal, but this figure is for long-term rentals.

"The upward momentum in rents has not been big enough to make renting truly financially interesting," complains Geoffey Pidduck, the head of Tradewind Realty, although he says there has been some upward pressure, because all new houses have been sold, and because Antigua is an ICC Cricket World Cup Second Stage venue.

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