Outlook for Real Estate in the British Virgin Islands – Predictions and Opportunities

Unlimited recreational activities in BVI include tennis courts, horseback riding, mountain trails, and coral reefs. The BVI climate is subtropical. The temperature in winter ranges between 22 and 28 degrees, while in summer it stays between 26 and 31 degrees Celsius. The total population of the British Virgin Islands is 20,000.

The economy has been very stable for BVI, which has been a major driving force in attracting investors to BVI real estate. Along with financial services, the tourism industry has played an important role in the development of the economy of this island. Total national income comprises 45% of tourism receipts and the BVI serves nearly 350,000 visitors. These visitors are usually from Canada and the United States. Due to tourist interest, BVI has developed strong and secure international listings to provide several options, including villas, cabins and condominiums with very attractive international rentals.

During the past two years, financial difficulties also led to the reverse meltdown, which also affected the banking sector. The main affected were European and North American investors who are still struggling with their economies. Many banks in the EU have failed to pass the stress test that clearly indicated the struggling economy for this year as well. However, this huge drop in domestic real estate did not affect BVI much, which shows a positive trend for BVI.

International real estate sales include a lot of BVI options due to the following reasons that are prevalent on this island, making it a highly sought after location for tourism:

1. GDP per capita and standard of living have been maintained along with a stable political infrastructure in BVI.

2. The British Virgin Islands economy is exempt from any corporate, capital gains and personal taxes which are highly attractive to investors. Along with this, BVI’s rents and very low property tax have been able to create good exposure for investors in BVI. For this reason, the international real estate market has been maintained in order to provide more housing opportunities to investors.

3. Although real estate in BVI is very small and insignificant, the presence of the land tenure licensing system has helped develop sustainable BVI for sale.

After evaluation of these factors, it is clear that no matter how distressed the economy is for the union of Great Britain and North America, BVI listings will always have the best property purchase options. Even though the island is small and demand outstrips supply, BVI has been able to offer a lot on the international real estate sales platform. International players have high hopes for the sustainability of the real estate industry in BVI.