INVESTMENTS-BOOST-SAINT-LUCIA’S-PROPERTY-AND-TOURISM-MARKETS

Ready for Take-Off: Investments boost Saint Lucia’s Property and Tourism Markets

08.01.18

Sea, sun and sand – although this winning formula has always been enough to attract tourists and property buyers to Saint Lucia, new investment has led to exciting additions that will set the island apart from other Caribbean destinations. Property investors – pay attention!

Saint Lucia’s hospitality sector is thriving to say the least, with many major new hotels planned. Recent openings, bringing a total of over 800 rooms to the island, include the Royalton Saint Lucia, Serenity at Coconut Bay and soon to be completed Harbor Club, Hilton Curio. Large-scale operators joined the bandwagon with Sandals planning its fourth property on the island, whilst Fairmont Resorts announced a new hotel and 40 private residences at Sunset Bay in the south west, and Ritz-Carlton are planning a hotel near the airport.

What’s triggered this hotel boom, you wonder? Simple – tourism is on the up. Figures announced in June 2017, by Saint Lucia’s Tourism Board, reveal a 23.4 percent increase in tourist arrivals. To cater for a growing number of holidaymakers, the Saint Lucian Government has now also confirmed the construction of a new airport terminal at Hewanorra International Airport (UVF), with work scheduled to begin in April 2018.

All this means one thing for the eagle-eyed property investor: better rental returns. Michael Green, Sales Director at The Landings, comments: “Although most buyers see Saint Lucia as a lifestyle investment, we expect the boost of tourism to have a positive impact on rental returns. The Landings rental pool is showing a strong return for 2017 with revenues covering all home owner fees for the year, and pre-bookings for 2018 indicate for this positive trend to continue.”

The Landings offers buyers a choice of marina and beachfront residences, known as The Landings - Final Collection, which consists of 14 Beachfront and seven Marina Residences. Prices start from US$575,000 for a 2-bedroom apartment.

Situated in the popular north-west of Saint Lucia, The Landings features a 50-berth marina, three swimming pools, tennis courts, a spa and a well-equipped health and fitness centre.  A choice of restaurants and bars and the 24 hour concierge service complete the luxury lifestyle experience.

Residents have concessional rates at the Sandals Golf and Country Club, which is a 15 minute drive from the resort. The club has recently been purchased by Sandals who announced plans for a major expansion and upgrade of the facility.

Owners can choose to enter their property into the rental pool to maximise returns and provide true lockup and leave convenience. Other owner benefits include 100% waiver on Vendors Tax and Stamp Duty and 100% exemption from Property Tax until 30th Oct 2030.

For further information on The Landings, please visit www.landingsresidences.com or contact the sales team on michaelg@landingsresidences.com

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