Buying off-plan developments properties that are sold before they are completed—offers several potential benefits for investors and buyers.
Properties are often priced lower compared to completed properties and buyers can lock in a price before the market value increases, potentially offering significant capital gains by the time the property is completed.
Capital appreciation can be advantageous as the project progresses, where property values in the area may increase, leading to higher market values by the time the property is ready.
New construction developments typically meet the latest building codes and energy efficiency standards, which can lead to lower maintenance costs and improved comfort.
Longer-term payment plans may be offered in installments throughout the construction process, which can ease the financial burden. The final payment is usually due upon completion, allowing time to save for the last portion of the cost.
If buying as an investor, especially with off-plan properties in growing areas can provide a strong rental yield once completed.
Warranty and Guarantees often come with new builds, which provide buyers with peace of mind regarding any defects or issues that may arise in the early years of ownership.
Some regions offer tax incentives, rebates, or other financial benefits for new developments, especially those under certain conditions (e.g., energy-efficient homes).
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.
