Due to the tourist interest, the island has been able to attract much of the foreign investment. Even the tourism industry suffered setbacks in the years 1996 and 2000, but still the industry has been managing matters very well.
As Anguilla has been a big draw for tourists, real estate in Anguilla showed a pretty good trend. However, for the last few years, Anguilla has been confused. The other Caribbean islands have shown an improvement in their position.
These lands 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 a minor focus for investors. One of the main reasons for Anguilla’s difficulties has been the fact that Anguilla is lagging far behind in developing the infrastructure required for the sale of Anguilla. The infrastructure includes all the basics, such as the location of the airport, runway extensions and new roads, plus the closure of some of Anguilla’s most luxurious hotels.
As the other Caribbean islands stood out in the international exchange and international lists, the government of Anguilla finally took notice 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 dwellings on coastal land, including inland dwellings. The price range of the houses in the interior is between US$350,000 and 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 take the headache of upgrading corroded homes if they were located in coastal areas. Therefore, international real estate for sale in Anguilla suffers from the downside of inland housing.
On top of this, international rents and local Anguilla rents for coastal homes in Anguilla real estate range from $450,000 to $600,000. But, once again, the trend has been altered since these houses are often outdated. To counteract this problem, homeowners are advised to lower the prices of these homes or upgrade them to give them a fresh look and get them listed on international listings.