St. Kitts and Nevis is a dual-island Caribbean destination offering pristine beaches and tropical landscapes. Its culture is diverse, with African, British, Carib, and French influences. It is an attractive location for owning a second home in the Caribbean, enjoying good air links to Europe and North America.
St. Kitts and Nevis has only recently diversified from the sugar industry to high-end tourism, becoming one of the Caribbean’s most popular luxury destinations.
Once the current new developments under construction are completed, St. Kitts and Nevis will offer a range of properties, from exclusive five-star cottages to lifestyle amenities on the superyacht marina.
Overall, real estate prices in St. Kitts and Nevis remain low compared to other Caribbean islands and provide substantial room for capital appreciation. Our due diligence has found that from 2009–2012, apartment values gained between 5–9% per annum, while select pre-construction resort investments increased between 7–12% per annum during the same time frame. These figures are based on 238 transactions during this period.
Henley & Partners is the only firm to conduct an annual survey on the St. Kitts and Nevis property market values and monitor the property market appreciation. The latest data indicates an acceleration in property appreciation when comparing it to recent Department of Inland Revenue statistics.
Should you have any questions, or if you would like a detailed breakdown of the exact costs for your family, kindly contact us and we will be delighted to help you.
