2024 has been a year full of significant events on the international stage, the most notable being President Trumps’ successful campaign to reclaim the White House in the USA. While allies and foe anticipate what the new presidency will bring in 2025 in terms of international relations and economic measures (“Tariffs is my favourite word”), in the BVI we will be focused on how the presidency might affect tourism and investment, two critical components of the BVI’s economy.
Following last years successful launch of the BVI Property Report, this edition looks at a range of topics including long term uses for your property, the villa rental market and insurance valuations in addition to our annual review of market data and property trends. The interpretation of data is a central core of our business and has helped us guide clients in their decision-making process, whether establishing a market derived asking price or as part of the valuation and professional services that we undertake for a range of clients. The BVI property market has fallen back slightly from 2021 and 2022 when the market, in comparison with elsewhere in the Caribbean, had a post Covid boost in activity.
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