Million Dollar Views & Upscale Investments in Saint Lucia

Posted On Tuesday, April 23, 2019

 

Welcome to Saint Lucia, the Caribbean region's most exciting real estate market.

According to GlobalPropertyGuide.com in 2018: "Saint Lucia is often called 'The Helen of the West Indies' for its captivating beauty". With a total land area of about 620 square miles, it is one of the most beautiful islands in the world. Residential property prices have risen only minimally in Saint Lucia over the past several years. Despite this, there have been numerous residential developments over the past decade, a notable feature being attractive tax incentives."

Despite the long-lasting impact of the global credit crunch and post-recession sluggish property prices, Saint Lucia is "increasingly seen as one of the world’s most interesting property markets, in many ways comparable to neighbouring Barbados, but with prices about 40% to 60% lower."

Last year's glimmer of positivity within a challenging market was an uptick in sales of mid-priced properties (USD $350,000 to $500,000) and so far in 2019, there is more activity in price points up to 1 million, with many custom-designed villas in upscale areas which offer the best opportunities for rental ROI in Saint Lucia's strong tourism market, as well as spectacular second homes for personal enjoyment.

Incomparable, however, are the uniqely beautiful landscapes and picturesque settings that Saint Lucia has to offer. On the touristic Caribbean northwest coast, available prime real estate can range from beachfront luxury penthouse to bespoke-designed villa to cutting-edge modern condo, as well as land for private and commercial development. On the wild Atlantic side, the island still boasts great swathes of undulating hillside and dramatic coastline, with more development in the south around the town of Vieux Fort.

Gated- and resort communities are on the upturn, as clients look for turnkey second residences that also offer a return on investment. Upscale housing developments and private properties can be found in exciting locations from the lush green hillsides of the south to the calm waters of Saint Lucia's three marinas.

According to Maria Buchner at BlueReefRealEstate.com, although the market is looking more positive in mid-2019, there are still many deals to be found in Saint Lucia as owners and developers have become more motivated to sell.

"We always strive to get the best deal for buyer and vendor so we must be pragmatic in suggesting when a property needs to be reduced and remarketed. The after-effects of the credit crash and global recession of ten years ago are still with us in some ways, although we are now seeing the effects of three years of global politics on our real estate business too. There is much optimism in the sector, however, that the picture will improve as more developments come into the pipeline."

 

Blue Reef's Top Tips For Fabulous Properties In Saint Lucia

1. The Landings Resort & Spa is renowned for five star quality which “gleams from every crevice and nook of this resort, from the most spacious private suites to exquisite finishing touches like the deeply comfortable furniture, mood lighting and a private hot tub on the terrace overlooking the beach and ocean.” Tasteful interior design concept of stained wood, ocean-hued upholstery fabrics and vibrant tropical accents add Caribbean style to the furnishings and decor. Resort amenities include several pools, bars, restaurants, tennis courts and a pristine white sand beach with panoramic views of Rodney Bay and Pigeon Island.

2. Sea Breeze Hills and Sea Breeze Heights are adjacent developments consisting of 60 luxury home sites situated on the northern tip of Saint Lucia, overlooking the dramatic eastern coastline and the French island of Martinique. Lots available for purchase range between 1⁄2 acre and 1 acre. Seize the opportunity to own one of the finest residential lots available on the island with unmatched views and privacy in an exclusive location. All utilities are run underground to ensure seamless panoramic views from every angle and world class curb appeal.

3. Beau Estate occupies 160 acres with 2,500 feet of coastline between the towering Gros and Petit Pitons, undoubtedly one of the most dramatic sites in Saint Lucia. The estate rises through plantations of coconut palms and fruit trees until crowned at 1,000 feet by tropical forest on the sheltering ridge above. The lots are gently sloping and face the calm Caribbean Sea and The Pitons to the west. Next door is the prestigious Sugar Beach Resort on Jalousie Plantation Beach, offering a variety of world class amenities including fine dining, water sports, spa, golf course and tennis. According to The London Times, Beau Estate represents "undoubtedly some of the best lots available in the world".