Saint Lucia real estate offers many opportunities for people who want to invest in the rental market. Buying a property for long-term rental requires careful consideration. To make sure your property has a high occupancy, you need to buy in the right location. Investing in an area that is in high demand will make your life as a homeowner profitable and fulfilling! Here are my top 3 picks for locations to buy real estate in St. Lucia for long-term rental.
Corinth, located in the Gros Islet district, is a great place to buy rental property. It is right in the center of Castries and Rodney Bay, the 2 main shopping centers in St Lucia. This makes it an extremely convenient place of lodging for the thousands of people who work in these towns. Being 10 minutes from Rodney Bay is particularly attractive to many renters, as it is a lively, modern, and rapidly developing part of St. Lucia.
Corinth has many facilities for residents, including a gym, a supermarket, and a high school. They are very attractive to tenants and add to the attractiveness of the area. The location is also home to numerous small businesses, as well as large corporate companies such as LIME. Therefore, there is always a strong demand for apartments in Corinth.
Tapion, located along the southern border of the port of Castries, is attractive only by virtue of its beauty. It is a very picturesque area with views of the port and the Caribbean Sea. From here, the cruise ships in and out of Castries are a breathtaking sight! This neighborhood by the sea, with its constant breeze, is ideal for morning or evening walks. Tapion also has a small beach used mainly by residents.
Just 5 minutes from downtown Castries, Tapion is a very attractive place for people who work in the city. The area is also home to many well-established institutions, such as the Tapion Hospital, the Saint Lucia School of Music, the Police Training Academy, and the Tapion School. Doctors, nurses, teachers and civil servants therefore provide a constant demand for apartments in the area.
The Beausejour community is a relatively new frontier in St. Lucia’s real estate. The neighborhood came to life with the establishment of the Beausejour cricket stadium in 2002, one of the most modern cricket stadiums in the Caribbean. Construction of the stadium opened up a previously unspoilt part of Santa Lucia. Numerous housing projects later, Beausejour is now an extremely desirable residential area in the north of the island.
Beausejour is only 5 minutes from the town of Gros Islet, a legendary nightlife spot. Rodney Bay is also just a short drive away. This means that Beausejour residents have quick and easy access to some of the best amenities the island has to offer. The beaches of Pigeon Point and Reduit are also located near Beausejour. This is a lively and up and coming area with a constant stream of demand for rental apartments.
If chosen wisely, a St. Lucia real estate investment will reap financial rewards. The first step is to choose a location that guarantees a high ROI. Residential areas close to urban centers are in high demand from people looking for apartments for rent. This is generally a good place to start if you want to invest in an apartment building.