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Rental Yields
 
Jan 18, 2010

Prices as always high - but yields are disappointing

Last Updated: Jan. 18, 2010
ST. KITTS -
Condos and houses
COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
2 BR 495,400 1,521 3.68% n.a. n.a.
3 BR 773,143 2,458 3.82% n.a. n.a.
NEVIS -
Houses
3 BR 662,375 n.a. n.a. n.a. n.a.
Districts researched:
St. Kitts: Frigate Bay, Half Moon Bay, and the South East Peninsula
Nevis: Leeward side of the island
* Property listings collected are not limited to these areas.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

St Kitts and Nevis prices are high, and we see little sign that they have been much affected by the financial crisis.  2 bedroom St Kitts condominiums and houses cost around US$500,000, and 3 bedroom condominiums and houses cost around US$770,000. 

There are low gross rental yields on houses and condominiums, at around 3.7% to 3.8%, reflecting the pattern of low rental yields in previous years. 

For some reason, St Kitts and Nevis just isn’t a place where you can expect to make much from renting out your house or condominium.






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