St Lucia Real Estate sector seeing upsurge from visitor arrivals
St Lucia real estate sector is seeing an upsurge from visitor arrivals
Saint Lucia’s Real Estate sector has been given a predicted boost from the increase in visitor arrivals. Sales inquiries have risen as potential buyers look for investment opportunities particularly in the Rodney Bay and Cap Estate areas. This bodes well for the St Lucia property market in general in 2018
According to recent data released by The Caribbean Tourism Organization the island of St Lucia had the highest growth rate of tourist arrivals in the Caribbean region for 2017. Visitor numbers increased by 11% on 2016 reaching 1.1 million visitors in 2017.
Interestingly the UK arrivals in 2017 rose by 12.5% which is very significant to the Real Estate sector as the UK is still where the majority of purchasers originate from, including returning nationals.
Minister for Tourism Dominic Fedee stated that tourism continues to be very important to the economy of St Lucia and that the government continues to look at ways to maximize the impact of tourism on the economy.
Saint Lucia was recently noted as the only Caribbean island to appear in “ABTA’s 12 Destinations to Watch in 2018” in the ABTA Travel Trends Report, an annual report produced by ABTA (the UK’s largest travel association of travel agents and tour operators).
The ABTA report which is based on market information and consumer insights, features the trends set to influence holidaymakers’ habits in the year ahead and reveals the 12 ‘Destinations to watch’ for 2018.
The report highlights the numerous activities on the island including The Soleil Summer festival and Carnival as just some of the spectacular events being held in St Lucia. It also mentions the wonderful hotels as well as the sporting and outdoor activities that St Lucia is renowned for.
Click here to read and download the full report
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Source 7th Heaven properties/ Robert Cooper