Residence by Investment Program: how to support Anguilla
Expansion: this is the watchword in Anguilla. In the Caribbean real estate, a new action program was launched in June 2019. The goal is to offer a permanent residence to all foreign investors but (there is always one though) they invest at least 750 thousand US dollars in real estate purchases.
A good initiative, which seems to work judging by the speed with which the purchase and sale contracts are signed and, (not least) the huge number of new foreigners who have obtained citizenship.
Added to this is the reopening of old structures that, once redeveloped, will then be used for residential purposes. In fact, there are numerous buildings and areas dedicated to this purpose.
According to leading experts in the sector, this will be the turning point for Anguilla. Strong reservations were made by potential investors to check directly what their dream homes could be in this little corner of paradise.
So how does the local market look like?
Still according to the words of real estate analysts, there is no lack of solidity and stability, despite the fact that the pieces have fallen by 30%. But if for the owners this ‘‘ discount ‘’ can represent a limit, the same cannot be said for buyers who, instead, make the most of this opportunity.
Buying a property in Anguilla in fact, in this historical period, can be really fruitful, both for the inherent beauty of the place itself, but also for the value of the property itself which, over the years, will acquire more value.
But what is the average price of a (residential) property per square meter?
About 700 US dollars. In detail :
• For condominiums it starts at $ 700,000
• Same basic price even for the already furnished townhouses
• 10 million instead for luxury homes along the coast, with swimming pools and large rooms
• 25 million for mega villas
There are therefore various projects in the pipeline which, through this new government plan, are waiting for nothing but being inaugurated and completed.
Overall, the local economy has grown strongly. After the decrease seen last year (-7%), today it marks a good 10% instead.
Who are the main buyers in Anguilla?
Usually the Americans decide to invest in local real estate. But there are also British, Canadians and Russians. We recall that the official currency is the dollar of the eastern Caribbean but, for most transactions, the use of the US dollar is recognized and accepted.
So, if you are also interested in buying a property in Antigua, perhaps you could take the opportunity of this fruitful period and invest in this land.
Being able to get the home of your dreams and permanent residence could indeed be appropriate for all future property owners!
A good initiative, which seems to work judging by the speed with which the purchase and sale contracts are signed and, (not least) the huge number of new foreigners who have obtained citizenship.
Added to this is the reopening of old structures that, once redeveloped, will then be used for residential purposes. In fact, there are numerous buildings and areas dedicated to this purpose.
According to leading experts in the sector, this will be the turning point for Anguilla. Strong reservations were made by potential investors to check directly what their dream homes could be in this little corner of paradise.
So how does the local market look like?
Still according to the words of real estate analysts, there is no lack of solidity and stability, despite the fact that the pieces have fallen by 30%. But if for the owners this ‘‘ discount ‘’ can represent a limit, the same cannot be said for buyers who, instead, make the most of this opportunity.
Buying a property in Anguilla in fact, in this historical period, can be really fruitful, both for the inherent beauty of the place itself, but also for the value of the property itself which, over the years, will acquire more value.
But what is the average price of a (residential) property per square meter?
About 700 US dollars. In detail :
• For condominiums it starts at $ 700,000
• Same basic price even for the already furnished townhouses
• 10 million instead for luxury homes along the coast, with swimming pools and large rooms
• 25 million for mega villas
There are therefore various projects in the pipeline which, through this new government plan, are waiting for nothing but being inaugurated and completed.
Overall, the local economy has grown strongly. After the decrease seen last year (-7%), today it marks a good 10% instead.
Who are the main buyers in Anguilla?
Usually the Americans decide to invest in local real estate. But there are also British, Canadians and Russians. We recall that the official currency is the dollar of the eastern Caribbean but, for most transactions, the use of the US dollar is recognized and accepted.
So, if you are also interested in buying a property in Antigua, perhaps you could take the opportunity of this fruitful period and invest in this land.
Being able to get the home of your dreams and permanent residence could indeed be appropriate for all future property owners!
