KAL KENNARD, MANAGING PARTNER
Looking back a few years ago, approximately eighty percent of our citizenship by investment clients were basing their applications on a government donation. Since then, we have seen an explosion in demand for citizenship-approved property, especially in Antigua & Barbuda.
As our 2021 client list stands today, 78% of our citizenship applicants are also purchasing a property. Notwithstanding the continued explosion of wealth underpinning demand for alternative citizenship and/or residency, the reason for this property boom is twofold in my opinion.
Firstly, this is a reflection of the increased awareness in the citizenship source markets (traditionally regions outside North America and Europe) of the value creation opportunity in Caribbean vacation home market.
Secondly, we have also seen a huge jump in applications from North America and Europe the last couple of years. Applicants from these countries have a high degree of comfort with Caribbean property given the position of the Caribbean brand as a sought-after vacation and second-home destination.
We’ve also seen demand surging in other destinations such as the Bahamas and Nevis, and not only from people interested in citizenship and residency, but whom simply want a home in the Caribbean. Another contributing factor is the ‘Covid-Exodus’ from large urban centres.
Our property listings are growing, so if you’re considering residency, citizenship and/or a Caribbean property, feel free to have a browse and book in for a video consultation, or even a virtual viewing.