As the world is slowly reopening and international travels are picking up, many of our clients make the decision to complete an application for the Antigua and Barbuda Citizenship by Investment Program. In doing so, they secure their family's future and diversify their assets simultaneously.
We would like to update you today on our real estate partner in Antigua, Nonsuch Bay, for the Citizenship by Investment Program. By acquiring one of their high-end properties (initial investment starts at US$ 200,000 + applicable fees), you can obtain a strong passport from a Commonwealth-member country within a few months, and be able to travel visa-free to 165 countries with your family.
Growing interest in Nonsuch Bay
Following strict lockdowns from the start of the pandemic, Nonsuch Bay reopened to the public on July 14, 2020. The resort quickly experienced a resurgence of interest from tourists in the rental and sale of its properties.
The gradual return of international flights has allowed Nonsuch Bay to experience steady growth in occupancy rates at its properties, with bookings scheduled until the end of summer 2021. In conclusion, we believe the resort is well placed to benefit from a very healthy rebound in the travel recovery.
Nonsuch Bay also have continued to see interest in the Citizenship by Investment Program and have seen sales on both the Escape and the townhouse share option. In recent weeks, the resort has seen an increase in requests for second homes through the Program.
Solid real estate resort
Both the management company and the developer entered the lockdown without difficulty, thanks to a strong financial position with no debt. This allowed them to face the costs associated with the management of the resort during this period of no activity.
Nonsuch Bay took the opportunity to invest in new equipment and facilities to allow the resort to operate more efficiently when it reopens. This decision was reinforced by the fact that Nonsuch Bay continued to sell properties during lockdown, which confirmed the resort's solid reputation compared to other resorts in the region.
All of these factors have contributed to our real estate partner being very well placed to respond to demands and future challenges. In conclusion, Nonsuch Bay continues to represent an exceptional opportunity for investors interested in the Citizenship by Investment Program.
Opportunity to be seized quickly
Nonsuch Bay is the resort that has completed the most files in the Antigua and Barbuda Citizenship by Investment Program with the real estate option. Despite the pandemic, the resort has strengthened its position in the market and is now on the verge of selling all of his built properties.
There are only a few high-end properties available at the resort that qualify for the Citizenship by Investment Program. We therefore invite you to quickly take advantage of this great opportunity to acquire a high-end real estate and to quickly obtain a second passport for your family by contacting your TIMC's private Advisor.