Rental incomes in British Virgin Islands – very poor rental yields
February 14, 2012
|Last Updated: Feb. 14, 2012|
|BVI - Apartments||COST (US$)||YIELD (p.a.)||PRICE/SQ.M. (US$)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|BVI - Houses|
Most properties are found in Virgin Gorda and Tortola
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
Rental yields are poor in the British Virgin Islands, with annual returns of only 2.85% - but then most people don’t buy here to rent. Three-bedroom houses in the British Virgin Islands sell for about US$1.3 million, but only earn average monthly rental incomes of around US$3,000.
House prices have fallen a little. Four-bedroom houses cost about US$2 million, a bit cheaper than last year’s price of US$2.5 million.
Rental incomes from apartments remain at just above last year’s levels. Last year, apartments in Virgin Goda and Tortola rented for an average of US$1,800 per month. This year, rents have risen slightly to an average of US$1,900 per month.