Dominica: House Prices, Rents, and Rental Yields
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Last Updated: Dec 05, 2005
Very poor yields in Dominica
| Last Updated: Dec. 06, 2005 | |||||
| DOMINICA - Houses | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 100 sq. m. | 120,300 | 675 | 6.73% | 1,203 | 6.80 |
| 200 sq. m. | 360,000 | 1,500 | 5.00% | 1,800 | 7.50 |
| 300 sq. m. | 357,000 | 1,200 | 4.03% | 1,190 | 4.00 |
| 400 sq. m. | 275,000 | 1,000 | 4.36% | 688 | 2.50 |
| Source: Global Property Guide | |||||
Yields are around 4% to 5% for properties located on Dominica’s coast, though small units' yields can reach 6.7%.
Rentals have not risen during last five years, save around Picard. A two bedroom property rents for about US$800. Some higher end rentals have in fact dropped, as the offshore industry has declined.
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Your Comments
posted by Louise Ward | 2007-06-15
Office Manager/Interior Designer, Canada
I am hoping to move to Dominica this fall, are there many rental properties available in the $600-$800mth range? Thanks, Lou