“Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young [person] or wage earner of today invests [their] money in real estate.” – Andrew Carnegie
Happy 43rd Independence Anniversary to my fellow Saint Lucians and well-wishers at home and abroad. May Yahweh continue to bless our island nation and grant prosperity to all its peoples.
The construction industry continues to show positive signs with new construction going up everywhere. A substantial inventory of Commercial Buildings offering retail and office spaces are currently coming on the market. Commencement of a major commercial development is slated for the 2nd quarter of 2022 by a very active Developer in the South of the island.
The airport construction is continuing and work is very likely to recommence on the St. Jude’s Hospital, the roads are being repaired and the Vieux Fort water improvement project is well on its way. While there has been continuous opening up of new land developments, new private residential properties are lagging behind. However, it is very likely that new residential construction will start in earnest in the 2nd and third quarter of 2022.
This is the time to get together with your real estate agent to find out what deals are currently available. With citizens refusing to be locked in by COVID 19 and its Variants, and having decided to bring normalcy to their lives, property prices are likely to be adjusted upward. More people are taking to the skies and are vacationing, and going after business development and expansion. As a result, more individuals will be making investment decisions to acquire real estate. The returning residents market will definitely bounce back as Developers open up new lands.
We must not forget that prices for residential homes went up 32.6 during 2021 in the USA while COVID 19 was considered a much more serious threat than today. Prices are going to go up. The pressure on families to find more spacious homes due to new working conditions of working from home, and remotely put further pressure on existing housing stock and created a desire in some cases for second homes overseas. It could be considered that people everywhere are adapting to the changes and as a result, the real estate industry will continue to be very active in the short and medium-term.
I invite you to visit my website at: https://stluciagreatpropertydeals.com and check out various listings and free E-Books. It is not always possible to list offers as some sellers prefer not to list publicly. You will also notice that prices are not always listed.
I am sharing a few great deals with you below:
1. Industrial/Commercial Building at Cul de Sac, in the Quarter of Castries on approx. 20,000 sqft of land with approx. 11,000 sqft of Steel framed building with Mezzanine floor. Sales information by appointment only.
2. Dugard Ridge Development, in Ti Rocher, in the quarter of Micoud, EC$11.00/US$4.05 per sqft.
3. Land in Balenbouche, approx. 20,000 & 25,000 sqft EC$10.00/11.50 per sqft US$ 3.68/4.23, 12,000 sqft at EC$15.00/US$5.52 per sqft.
4. Prime Commercial Property in Vieux Fort, 20,000 sqft land with approx. 9,000 sqft building EC$600,000.00 US$221,000.00.
5. Prime Commercial Property on Clark Street, Vieux Fort, 3 floors, approx. 7,600 sqft building EC$1,600,000.00.
6. Well established Guest House in Vieux Fort for Lease. Attractive monthly rental rate. Further information by appointment only.
7. Beachfront property consisting of 2 acres of land on the East Coast in the Quarter of Micoud. Sales information by appointment only.
8. Property in Cap Estate, in the Quarter of Gros Islet, 1.04 acres of Beach Front land. Asking Price: EC$25.00 per sqft. EC$1,132,560.00/US$416,857.00 Further details available by appointment.
9. Large commercial property in Castries. 2 levels, land approx. 4,300 sqft, building – 2 levels 4,600 sqft. In the vicinity of supermarket, churches, schools. Great buy in an expanding commercial area. Further information by Appointment.
I have a number of warehousing opportunities. In recent months a number of large developments have come on stream in the South of the island. My recommendation to you is to take action now whether you are selling, buying, or renting as there is still some time left to negotiate. I am predicting that prices will increase between 10 & 25% post COVID 19.
My task is to make you aware of the deals available on my listing. However, I am not limited to properties only on my listings. I co-broke with other agents throughout St. Lucia and I am always ready to assist you in finding your dream property. St. Lucia Great Property Deals slogan is “tell us your needs, we bring the Experts together.”
Stay Healthy, Stay Safe. Let us talk soon!
Edward Harris
Blogger/Realtor/Broker
https://stluciagreatpropertydeals.com
Mobile/WhatsApp: 1-758-485-1456
