Real Estate in Virgin Gorda, the British Virgin Islands
Last updated on May 02, 2023
Summary: Expats and retirees talk about real estate in Virgin Gorda, Brit. Virgin Isl.? How do you find a home in Virgin Gorda? Should you buy or rent? What is the cost of housing?
What is a typical expat home or apartment like in Virgin Gorda?
"Expat homes or apartments in Virgin Gorda, British Virgin Islands, are typically luxurious and spacious, designed to provide comfort and a sense of relaxation. They often feature open floor plans to allow for natural light and air circulation, taking advantage of the island's tropical climate. Many homes have large balconies or terraces, offering stunning views of the surrounding ocean and landscapes. The interiors of these homes are often elegantly furnished, with a blend of modern and traditional Caribbean styles. They usually have fully equipped kitchens, comfortable living areas, and multiple bedrooms and bathrooms. Some homes may also have additional amenities like a home office or a gym. Many expat homes in Virgin Gorda are located within gated communities, providing an added layer of security. These communities often have shared amenities like swimming pools, tennis courts, and fitness centers. Some homes may even have private access to the beach. Despite being located in a tropical paradise, these homes are equipped with modern conveniences like high-speed internet, satellite TV, and air conditioning. They are often maintained by professional property management companies, ensuring that they are always in top condition. In terms of location, many expat homes are situated close to local amenities like shops, restaurants, and schools. They are also typically a short drive away from the island's main attractions, including its beautiful beaches, national parks, and marinas. Overall, expat homes in Virgin Gorda offer a high standard of living, combining luxury and comfort with the island's natural beauty and relaxed lifestyle," said one expat who made the move to Virgin Gorda.
What is the average cost of housing in Virgin Gorda?
If you are thinking about moving to Virgin Gorda, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Virgin Gorda, British Virgin Islands, can vary greatly depending on the location, size, and amenities of the property. However, it is generally considered to be quite high due to the island's status as a luxury tourist destination. For a modest home, one might expect to pay several hundred thousand dollars, while luxury villas and beachfront properties can easily cost several million dollars. Renting is also an option, with monthly rates typically ranging from a few thousand dollars for a small apartment to tens of thousands for a larger, more luxurious property," remarked one foreigner who made the move to Virgin Gorda.
Should I buy or rent a home in Virgin Gorda?
If you have not spent a lot of time in Virgin Gorda, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Virgin Gorda, British Virgin Islands, depends on several factors. If you plan to stay for an extended period and have the financial means, buying a home can be a good investment, as property values in the British Virgin Islands tend to appreciate over time. Owning a home also allows you to customize your living space and potentially generate rental income when you're not using the property. On the other hand, if you're unsure about your long-term plans or prefer flexibility, renting may be a better option. Renting a home in Virgin Gorda allows you to explore different neighborhoods and housing options without the commitment of a mortgage. Additionally, renting can be more cost-effective in the short term, as you won't have to worry about property taxes, maintenance costs, and other expenses associated with homeownership. Ultimately, the choice between buying and renting a home in Virgin Gorda depends on your personal preferences, financial situation, and long-term plans. It's essential to carefully weigh the pros and cons of each option before making a decision," said one person in Virgin Gorda.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
Other Questions:
- What do I need to know before moving to Virgin Gorda?
- How do I find a place to live in Virgin Gorda?
- What is a typical expat home or apartment like in Virgin Gorda?
- What is the average cost of housing in Virgin Gorda?
- Should I buy or rent a home in Virgin Gorda?
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