Price/Rent Ratio in St. Lucia compared to Caribbean

This price-to-rent ratio helps assess whether it is more cost-effective to buy or rent a home in a given market. A high price-to-rent ratio suggests that buying a property is more expensive relative to renting, whereas a low ratio indicates that buying may be more favorable than renting.

  • Price-to-Rent Ratio below 16: It's generally cheaper to buy a home than to rent.
  • Price-to-Rent Ratio between 17 and 20: The cost of buying and renting is roughly comparable.
  • Price-to-Rent Ratio above 21: It's generally cheaper to rent than to buy.
Last updated June, 2024
Cayman Islands, Grand Cayman 19 yrs
Bahamas, Nassau 17 yrs
Aruba 17 yrs

St. Lucia does not publish official house price statistics. General economics statistics are from the Saint Lucia Government Statistics Department and the Eastern Caribbean Central Bank.

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