Rental incomes in British Virgin Islands - very poor rental yields
Last Updated: Feb. 14, 2012 | |||||
BVI - Apartments | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
1 BR | n.a. | 1,086 | n.a. | n.a. | n.a. |
2 BR | n.a. | 1,657 | n.a. | n.a. | n.a. |
3 BR | n.a. | 3,054 | n.a. | n.a. | n.a. |
BVI - Houses | |||||
3 BR | 1,293,750 | 3,071 | 2.85% | n.a. | n.a. |
4+ BR | 1,945,682 | n.a. | n.a. | n.a. | n.a. |
Districts researched: Most properties are found in Virgin Gorda and Tortola Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
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Rental yields are poor in the British Virgin Islands, with annual returns of only 2.85% - but then most people don't buy here to rent. Three-bedroom houses in the British Virgin Islands sell for about US$1.3 million, but only earn average monthly rental incomes of around US$3,000.
House prices have fallen a little. Four-bedroom houses cost about US$2 million, a bit cheaper than last year's price of US$2.5 million.
Rental incomes from apartments remain at just above last year's levels. Last year, apartments in Virgin Goda and Tortola rented for an average of US$1,800 per month. This year, rents have risen slightly to an average of US$1,900 per month.
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