|Last Updated: Jan. 18, 2014|
|ST. KITTS -
Condos and houses
|COST (US$)||YIELD (p.a.)||PRICE/SQ.M. (US$)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|175 sq. m.||529,725||n.a.||n.a.||3,027||n.a.|
|375 sq. m.||976,500||n.a.||n.a.||2,604||n.a.|
|ST. KITTS - Condos and houses (bedrooms)|
|300 sq. m.||1,150,200||n.a.||n.a.||3,834||n.a.|
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
Rental yields in St. Kitts have improved, based on the latest Global Property Guide survey . Investment properties located in Frigate Bay, Half Moon Bay and the South East Peninsula, the upscale neighborhoods of St. Kitts, cost less now than last year, but their rental income remains stable. Last year, condos and houses cost an average of US$690,000 and are rented at an average of US$2,180, earning a poor rental yield of 4.07%.
The investment climate now is better with the price of condos and houses dropping to an average of US$575,000, but the monthly rental income remains the same, and rental yields have risen to 5.11%.
In Nevis, house prices remain stable. Prices per square metre have fallen very slightly, from US$3,700 per sq. m last year to US$3,500 this year.