One of the more popular property types we are financing today in the Caribbean, are villa vacation rentals. These properties usually come at higher cost than your traditional condo hotel unit, however they also come with a lot of advantages. In many of our lending areas, villas are now outpacing condos due to the better returns, less competition and less management costs.
Caribbean villa rentals are popular with large families who want to spend time together, without the costs of paying for multiple condo units in a resort. Although the villas come with their own kitchens, they also often come with their own staff (depending on how much you wish to spend). As the purchaser of these villas, usually the property manager will handle all of these issues for you.
Condo’s are great for those who want to be very hands off, and like the idea of getting all the amenities without all the costs. But more and more travelers are choosing villa rentals for their vacations, and paying handsomely to do it.