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RESIDENTIAL TOURISM AND REAL ESTATE
Tuesday 11th January 2011

Antigua is famous for its 365 white sandy beaches, crystal clear waters, sun and the constant cooling trade winds. Our tourist product is associated with guests staying in hotels, arriving on large cruise liners and or luxury yachts, and a growing sector known as Residential Tourism.

Retirement and self catering vacation properties, apartments, condominiums, attached and stand alone homes and high end luxury villas constitute this second home market. From the Mediterranean countries to Thailand, Africa, the Caribbean and North America, residential tourism is very much in demand and popular with investors and retirees alike. The United Emirates in hedging its dependency on oil has developed mountains of residential tourist accommodations.

Antigua too is targeting this sector and attracting attention from all over the Americas and Europe due to the easy access and direct flights and of course our hilly terrain offering view properties and our many harbours and beaches offering waterfront property.

GATED COMMUNITIES

These include properties where hotels extend their rooms by offering self catering accommodation. Property owners may use the amenities of the hotel while enjoying the privacy of their own homes. Some property owners enter a rental programme when not using the property themselves. Management and maintenance services can be contracted from the hotel or these properties can have their own managers, gardeners, maids and cooks.
Jolly Harbour is the largest gated community offering from one bedroom apartments to large villas at this comprehensive marina, golf and beach resort. At Jumby Bay Island, our top residential tourist product, owners or their guests can com-bine the vacation package to include catering in the home or at the hotel.

Sugar Ridge opened in 2010 the small 32 room boutique hotel and spa, shops and restaurants and are now concentrating on selling and developing their 54 fully serviced building plots. At the opening in May 2010, both the Prime Minister and the Finance Minister recognized what was achieved at Sugar Ridge, and proclaimed the Government’s support for the Residential Tourism aspect of development.

ANTIGUA IS A MELTING POT

Many of our second home owners prefer to live amongst the local population and have settled in all parts of the Island.

The North West
Always popular has been the North West section of the island which includes the capital St. John’s, the Cedar Valley Golf Club and the V.C. Bird International airport. This popular residential area includes Paradise View, McKinnon’s, Blue Waters, Hodges Bay, Cedar Valley and Coolidge.

The north of the island has seen major expansion in amenities such as the new Multiplex Cinema, two very impressive supermarkets and several new malls with an excellent variety of stores and restaurants.

The new state of the art Mount St. John’s Hospital, the American University of Antigua and several new private health services facilities and clinics also are important to all Antiguans and of special interest to retirees.

The East Coast
Traditionally many Residential Tourists chose Antigua’s east coast. Most notable is the Mill Reef Club, established in the late 40s by east coast Americans. Many high end villas are located on this coast, taking maximum advantage of the cooling trade winds. The south east, encompassing the historic national park of Nelson’s Dockyard and the many surrounding fortifications, is popular and growing steadily. Boating people are attracted to, Non Such Bay, Half Moon Bay, St. James’s Club, English and Falmouth Harbours and Turtle Bay. Adjacent to the Antigua Yacht Club Marina is Antigua’s newest tasteful hotel / apartment complex, South Point.

The Caribbean Side or West Coast
In recent years, the west coast or Caribbean side has become the hotspot of Residential Tourism providing the added bonus of calmer waters, sunsets and excellent boating. There is a wide selection of property both in gated communities and on the hills and beaches along this coast. Tamarind Hills is one of the newest gated communities developing a combination of up-market villas and apartments. This property straddles two of the best beaches in the Caribbean, Darkwood Beach and Frryes Bay. For fractional ownership Tranquility Bay offers 64 fully furnished suites on one of Antigua’s premier beaches, Jolly Beach.

THE WORLD ECONOMY

There is no better time to purchase property in Antigua and Barbuda than now, with an excellent selection of building plots, pre-built property and motivated sellers. The property market in Antigua has reacted to the effects of the world wide recession, creating this opportunity, so be sure to look at what is on offer.

For the best results, contact an Estate Agent who offers a full range of professional services and one stop shopping for all your real estate needs.

Credits
Written by Geoffrey D. Pidduck, Stanley’s Estate Agents, Dockyard Drive, English Harbour, Published in Life in Antigua November 2010.

Geoffrey Pidduck
Owner/Broker Stanley’s Estate Agents

Tel: +1 (268) 562 7599
Cell: +1 (268) 720 7702
Email: geoffrey@stanleysestates.com 
Skype: geoffreypidduck


 

 

 

 


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NAME: Bradley J. Esty
TEL: +1 (268) 562-7599
CELL: +1 (268) 725 - 9354
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EMAIL: bradley@stanleysestates.com
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