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St. Kitts and Nevis Information
Real Estate Profile of St Kitts & Nevis
2009-05-11 22:31:00 by
Global Property Guide published an update of the St Kitts and Nevis markets in March, and an excellent article on the emerging luxury property market on the islands. We believe their information is still relevant, and urge you to read the full articles in Global Property Guide.
The premise is basically that "real estate prices in St. Kitts and Nevis have been increasing steadily for a decade, though they?re considerably less expensive than most islands in the Caribbean region. A six-bedroom house in St. Kitts sells for about XC$1.97 million (US$730,000) while a three-bedroom house in Nevis sells for around XC$1.84 million (US$680,000), according to recent Global Property Guide research.
"In the past four years the pace of real estate developments has increased rapidly, spurred by the arrival of the Marriott Hotel in Frigate Bay and the increased number of airlifts in the islands. Since then, St. Kitts and Nevis gained popularity among holiday travelers and wealthy foreign homebuyers."
Quoting our local Coldwell Banker office, "In 2009, the housing market is expected to remain stable, despite the global financial meltdown. According to Coldwell Banker St. Kitts and Nevis Realty, property demand in St. Kitts and Nevis remains robust. While some banks have imposed stricter lending criteria, interest in home ownership is still strong, and lending institutions remain committed to financing in the housing market."
Contact any of our Coldwell Banker St Kitts & Nevis agents to discuss real estate opportunities.
The premise is basically that "real estate prices in St. Kitts and Nevis have been increasing steadily for a decade, though they?re considerably less expensive than most islands in the Caribbean region. A six-bedroom house in St. Kitts sells for about XC$1.97 million (US$730,000) while a three-bedroom house in Nevis sells for around XC$1.84 million (US$680,000), according to recent Global Property Guide research.
"In the past four years the pace of real estate developments has increased rapidly, spurred by the arrival of the Marriott Hotel in Frigate Bay and the increased number of airlifts in the islands. Since then, St. Kitts and Nevis gained popularity among holiday travelers and wealthy foreign homebuyers."
Quoting our local Coldwell Banker office, "In 2009, the housing market is expected to remain stable, despite the global financial meltdown. According to Coldwell Banker St. Kitts and Nevis Realty, property demand in St. Kitts and Nevis remains robust. While some banks have imposed stricter lending criteria, interest in home ownership is still strong, and lending institutions remain committed to financing in the housing market."
Contact any of our Coldwell Banker St Kitts & Nevis agents to discuss real estate opportunities.