The Caribbean is buzzing with excitement—and for good reason. From bustling airport expansions to booming cruise tourism and major hotel developments, the region is experiencing a powerful wave of investment and growth. At Caribbean Escape Realty, we’re keeping a close eye on the trends that signal a thriving real estate market across the islands.
Here’s a closer look at some of the latest developments shaping the region.
Turks & Caicos: Record-Breaking Arrivals and Rising Property Demand
Turks & Caicos welcomed a record-breaking 535,893 overnight visitors in 2023, a 4.8% increase over 2022 and up 7.5% compared to pre-pandemic levels in 2019. This surge in tourism is translating into higher demand for short-term rentals, luxury homes, and investment properties. Real estate in Grace Bay, Long Bay, and other prime locations continues to attract international buyers.
Why it matters: Tourism growth drives demand for accommodations, pushing up rental income potential and resale value. The time to invest is now.
Bahamas: Cruise Tourism Hits New High
In 2023, the Bahamas welcomed 9.65 million cruise visitors, the highest number in its history. Nassau Cruise Port completed a massive $300 million expansion, creating more capacity and an upgraded passenger experience.
Meanwhile, the highly anticipated Wynn Rosewood Resort on Cable Beach is set to redefine luxury in the Bahamas. These developments not only strengthen the hospitality sector but also make nearby real estate more attractive to investors and vacation home buyers.
Real estate takeaway: Look for high-end condos and villas near Nassau and Paradise Island as top investment options.
Jamaica: Soaring Arrivals and Infrastructure Growth
Jamaica celebrated 2.96 million stopover arrivals in 2023, with projections pointing to 3.88 million in 2024. The country’s two major airports—Sangster International in Montego Bay and Norman Manley in Kingston—are undergoing significant upgrades to meet demand.
Cruise tourism is also on the rise, with 1.26 million cruise visitors in 2023. With new highways and port improvements in the works, Jamaica is making it easier for tourists and investors to explore the island.
Hot spots to watch: Montego Bay, Ocho Rios, and Kingston suburbs are seeing increased buyer interest.
Barbados: The Digital Nomad Haven
Barbados continues to benefit from its Welcome Stamp visa program, which has attracted a global wave of digital nomads and remote workers. This trend, coupled with a strong tourism rebound, is boosting the demand for long-term rentals, modern condos, and luxury villas.
Property insight: Coastal real estate and properties with work-from-home amenities are especially appealing to this new class of international renters.
Saint Lucia: Cruise Tourism Comeback
Saint Lucia welcomed over 760,000 cruise visitors in 2023, bouncing back to pre-pandemic numbers. With plans for expanded port infrastructure and the addition of new luxury hotel brands, the island is poised for continued growth.
Investment tip: Look for properties near Castries and Rodney Bay for strong short-term rental income and appreciation potential.
Anguilla & Dominica: Luxury, Eco-Tourism, and Boutique Appeal
Anguilla’s focus on ultra-luxury tourism has led to an increase in private jet arrivals and boutique resort development. Meanwhile, Dominica is emerging as a leader in eco-tourism and sustainability, attracting a different but equally valuable investor and visitor profile.
Opportunity spotlight: Eco-lodges, boutique villas, and sustainable developments are gaining traction across both islands.
What This Means for Investors
Tourism is the heartbeat of the Caribbean, and right now, it’s beating stronger than ever. With infrastructure upgrades, hotel expansions, and record-setting visitor arrivals across the region, real estate markets are poised for sustained growth.
Whether you’re eyeing a beachfront condo in the Bahamas, a rental villa in Turks & Caicos, or a luxury eco-home in Dominica, the opportunities are real—and they’re growing.
Partner with Caribbean Escape Realty
At Caribbean Escape Realty, we connect global investors with high-potential properties across the region. Whether you’re looking for a second home, a rental property, or a development opportunity, we’re here to help you navigate the market with expert insight and local knowledge.
Ready to explore the Caribbean? Contact us today and discover where tourism meets opportunity.
