St. Maarten / St. Martin Real Estate Guide
St. Maarten Real Estate
There have been so many negative stories about real estate in recent years that some people might actually believe that all markets in every part of the world have been wiped out. With all this going on it’s easy to miss what happens on a tiny dot on the globe. Having said this, many who are familiar with St. Maarten, St. Martin have been, and still are enjoying a very successful wave of real estate growth.
Historically, the real estate prices in St. Maarten, St. Martin have shown a pattern of steady growth. This can be followed by a period of no significant growth but, differing from many markets in the world, there has never been a significant dip in prices. Even through challenging times, the St. Maarten, St. Martin real estate market has proven its stability.
A few years ago, when the world economy was booming, St. Maarten, St. Martin responded quickly and wisely by constructing numerous condo projects and luxury villas, most of which were sold before completion. The efforts of local real estate developers and agents were complemented by a new international airport and a new harbor which has driven demand for island real estate, particularly luxury real estate, beach real estate and ocean view real estate, whether they be homes, villas, condos or apartments, which has created small fortunes for many.
Those who purchased real estate on St. Maarten, St. Martin ten years ago can, in most cases, sell those homes and apartments and villas, be they full time occupancy or used for vacation rentals, for close to double what they paid.
It is important to understand that Caribbean real estate in general, because of its mass appeal and year-round weather, has immense value. Property does not necessarily have to be beach front real estate, oceanfront real estate or even luxury real estate to hold and increase in value. This is true in St. Maarten, St. Martin in particular because any island map will show you that its small size of 37 sq. mi. leaves limited real estate available for sale under even the best of circumstances. That’s called "exclusivity" and that creates stability.
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