Due to the tourist interest, the island has been able to attract much of the foreign investment. Even the tourism industry suffered setbacks in 1996 and 2000, but still the industry has been handling things very well.
As Anguilla has been a great attraction for tourists, real estate in Anguilla showed quite a good trend. However, for the last few years, in Anguilla it has been confusing. The other Caribbean islands have shown an improvement in their position.
These lots have been a great attraction due to the strong need of people to have a second home in a quiet place where they can have a good time. But among all these islands, only Anguilla has been less of a focus for investors. One of the main reasons for Anguilla’s difficulties has been the fact that Anguilla lags far behind in developing the infrastructure that is required for the sale of Anguilla. The infrastructure includes all the basics, such as the airport location, runway extensions and new roads, plus the closure of some of Anguilla’s most luxurious hotels.
As the other Caribbean islands rose to prominence in international trade and international listings, the Anguilla government finally caught on and is now working on many projects to revive Anguilla’s international exposure. The two main projects involve the golf course, the Ritz Carlton and the track extension. This has improved Bahamas rentals and Bahamas listings as well.
Anguilla’s current situation shows many homes on coastal land, including inland homes. The price range of the houses in the interior ranges from US$350,000 to US$500,000 which also contains houses with seven stars. But the problem with selling this lot in Anguilla is that foreign investors would even go to the trouble of upgrading corroded homes if they were located in coastal areas. Therefore, international real estate for sale in Anguilla suffers from the disadvantage of inland housing.
On top of this, international rents and local Anguilla rents for coastal homes on Anguilla real estate range from $450,000 to $600,000. But, once again, the trend has been altered as these houses are often outdated. To counteract this problem, owners are advised to lower the prices of these homes or upgrade them to give them a fresh air and to get them listed on international listings.