Real estate development in Antigua and Barbuda, and to that point anywhere in the world, typically involves various types of land that can be used for different purposes.
When it comes to land that is used for the development of family oriented homes, the end product can range from single homes to apartment complexes with retail spaces on the ground floor. There is no end to the variety of residential properties that are designed and built in this day and age.
Commercial buildings like shopping centers, malls, and standalone stores require specific planning permission to fulfill the desired outcome. Office buildings, which range from the small single unit to entire buildings have similar requirements to meet as regards local authorities and building controls.
Warehouses, distribution centers, industrial plants, factories, heavy manufacturing facilities, ranching, or forestry purposes, parks, sports complexes, golf courses, and other recreational developments all come under the commercial development category.
Each type of land comes with its own zoning, environmental considerations, and development potential, which developers need to account for when planning projects.
Why Buy or Invest in New New Real Estate Developments in Antigua and Barbuda.
Antigua and Barbuda are centrally located in the Caribbean, making them an attractive destination for tourists, businesses, and expats. This strategic location allows for easy access to major markets in North America and Europe, enhancing the appeal for international buyers and investors.
The islands are renowned for their pristine beaches, warm climate, and luxury tourism offerings. The tourism sector is a significant contributor to the economy, and real estate developments, particularly in the luxury and resort sectors, can benefit from growing visitor numbers. In recent years, Antigua has seen an increase in high-end tourism, which supports higher property values.
One of the main draws for foreign buyers is Antigua and Barbuda’s Citizenship by Investment (CBI) program. By investing in real estate development projects that meet the requirements set by the government, investors can secure citizenship for themselves and their families. This program provides access to visa-free travel to over 150 countries and tax incentives.
Investing in off-plan real estate in Antigua and Barbuda offers strong potential for returns, particularly in new luxury gated community properties, and can be a strategic move for those looking to diversify their portfolios or benefit from the Citizenship by Investment program
Antigua and Barbuda have no capital gains tax, inheritance tax, or wealth tax, making it a tax-friendly destination for investors. The absence of these taxes can lead to a more profitable real estate venture in comparison to many other jurisdictions.
