Very poor yields in Dominica
December 05, 2005
|Last Updated: Dec. 06, 2005|
|DOMINICA - Houses||COST (US$)||YIELD (p.a.)||PRICE/SQ.M. (US$)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|100 sq. m.||120,300||675||6.73%||1,203||6.80|
|200 sq. m.||360,000||1,500||5.00%||1,800||7.50|
|300 sq. m.||357,000||1,200||4.03%||1,190||4.00|
|400 sq. m.||275,000||1,000||4.36%||688||2.50|
|Source: Global Property Guide|
Yields are around 4% to 5% for properties located on Dominica’s coast, though small units´ yields can reach 6.7%.
Rentals have not risen during last five years, save around Picard. A two bedroom property rents for about US$800. Some higher end rentals have in fact dropped, as the offshore industry has declined.