24 April 2025
The Caribbean real estate market continues to attract global investors in 2025, driven by luxury developments, eco-conscious designs, and favorable investment climates. Here’s a curated overview of the latest trends across the region.
Barbados: Steady Growth and Rising Demand
Barbados’ property market is experiencing consistent growth, with average property prices increasing by 6.8% year-over-year. High-demand areas like St. James and Christ Church are particularly attractive to foreign buyers, especially from the UK, Canada, and the U.S. The island’s favorable property ownership laws and low taxes make it an appealing destination for investors. Short-term rentals are also thriving, with Airbnb occupancy rates reaching up to 85% during peak seasons.
Jamaica: Balancing Development and Sustainability
Jamaica is focusing on sustainable tourism development, aiming to balance economic growth with environmental preservation. The opening of the Princess Grand Jamaica Resort has sparked discussions about the impact of large-scale developments on protected natural areas. Efforts are underway to promote eco-tourism and support small-scale, community-focused ventures that preserve the island’s natural beauty.
The Bahamas: Cruise Lines Transforming the Landscape
Major cruise lines are investing heavily in the Bahamas, transforming former industrial sites into luxurious private islands and resorts. Projects like MSC Cruises’ Ocean Cay and Royal Caribbean’s CocoCay have introduced exclusive amenities, including waterparks and beach clubs. Carnival Corporation’s upcoming Celebration Key on Grand Bahama Island is expected to host 4 million guests annually by 2028, reflecting the booming trend of cruise lines developing land-based attractions.
Antigua and Barbuda: Citizenship by Investment Boosts Real
Estate
Antigua and Barbuda’s real estate market is thriving, bolstered by its Citizenship by Investment (CBI) program. In the first half of 2024, there were 739 real estate investment applications under the CBI program, an 8% increase from the previous year. British buyers constitute 60% of foreign property purchases, drawn by the island’s luxurious beachfront properties and favorable tax environment.
Cayman Islands: Luxury Developments and Market
Resilience
The Cayman Islands surpassed $1.021 billion in real estate sales in 2024, marking a 7% increase from the previous year. Luxury developments like the Grand Hyatt, Hilton Curio, and Lacovia are attracting significant interest, with many units already sold. The market offers opportunities for both high-end investors and first-time buyers, with new communities in George Town offering condos starting under $400K.
Grenada: Recovery and Resilience Post-Hurricane
Grenada continues to recover from the devastation of Hurricane Beryl in June 2024, which damaged over 90% of buildings on the island of Carriacou. The disaster has intensified discussions around climate change and the need for reparations, with leaders advocating for global support to build resilience against future climate-related events.
Regional Trends: Sustainability and Luxury Appeal
Across the Caribbean, there’s a growing emphasis on sustainable and disaster-resilient properties. Developers are incorporating features like solar energy systems, rainwater harvesting, and hurricane-resistant construction. Luxury beachfront properties remain in high demand, with islands like Barbados and the Bahamas experiencing significant price increases over the past few years.
