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Real Estate in Rodney Bay, Saint Lucia | Expat Exchange
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Real Estate in Rodney Bay, Saint Lucia

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By Betsy Burlingame

Last updated on May 08, 2024

Summary: People living in Rodney Bay, Saint Lucia offer advice about real estate. How do you find a home in Rodney Bay? Should you buy or rent? What is the cost of housing?

How do I find a place to live in Rodney Bay?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Rodney Bay involves several steps. First, you need to determine your budget and what type of accommodation you're looking for. This could range from a small apartment to a large villa. Next, you should research the area. Rodney Bay is a popular tourist destination, so it's important to understand the local market and what's available. You can do this by looking at real estate websites, local newspapers, and online forums. Once you have an idea of what's available, you can start contacting real estate agents in the area. They will have a good understanding of the local market and can help you find a place that fits your needs and budget. You should also consider visiting Rodney Bay in person before making a decision. This will give you a chance to see the area, visit potential homes, and meet with real estate agents. Once you've found a place you like, you'll need to negotiate the terms of the lease or purchase. This will include things like the price, the length of the lease, and any other conditions. Finally, once everything is agreed upon, you'll need to sign the lease or purchase agreement and make any necessary payments. Remember, finding a place to live can take time, so it's important to be patient and thorough in your search," said one expat who made the move to Rodney Bay.

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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

William RussellWilliam Russell

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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What is a typical expat home or apartment like in Rodney Bay?

"It depends on the area and the owner. Some may not have AC or city water or mosquito screens. Some unfurnished. Locals prefer to rent unfurnished to keep prices down. There are several renters in my neighborhood - there are Americans that rent apartments and some that are locals that rent. Prices all all over the place from in the thousands USD for luxury apartments in an expensive area to the low hundreds in USD in lower income areas. I rented my 1 BR apartment that had AC and was newly fully furnished and that only fetched $400 USD a month (city water; no other utilities) because it was not in the "heart of town"," explained one expat living in Saint Lucia.

"A typical expat home or apartment in Rodney Bay, is often a luxurious and spacious property with modern amenities. These homes usually have multiple bedrooms and bathrooms, a fully equipped kitchen, and a large living area. They often feature stunning views of the Caribbean Sea or the surrounding tropical landscape. Many homes also have private pools, outdoor patios, and lush gardens. The interiors are typically designed with a blend of Caribbean and contemporary styles, featuring high ceilings, large windows, and open floor plans to allow natural light and fresh air. Some properties may also have additional amenities like a home office, a gym, or a guest house. The homes are usually located within gated communities or residential areas that offer security and privacy. They are also conveniently located close to local amenities such as shops, restaurants, and beaches," said one person in Rodney Bay.

William Russell

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

Learn MoreGet Quote

William Russell

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

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What is the average cost of housing in Rodney Bay?

If you are thinking about moving to Rodney Bay, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Rodney Bay can vary greatly depending on the type and size of the property. For a luxury villa, prices can range into the millions, while a more modest apartment or house may cost several hundred thousand dollars. However, rental properties are also popular, with monthly costs ranging from a few hundred to several thousand dollars. It's important to note that these are average prices and actual costs can vary based on factors such as location, amenities, and the current real estate market," remarked one foreigner who made the move to Rodney Bay.

Should I buy or rent a home in Rodney Bay?

If you have not spent a lot of time in Rodney Bay, 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 Rodney Bay depends on several factors. If you plan on staying in Rodney Bay for a long period of time, buying a home could be a good investment. This is especially true if the real estate market is strong and property values are rising. On the other hand, if you're not sure how long you'll be staying or if you prefer not to deal with the responsibilities of home ownership, renting might be a better option. Renting can offer more flexibility, as you can move more easily if your circumstances change. It's also important to consider your financial situation. Buying a home requires a significant upfront cost and ongoing expenses for maintenance and repairs. Renting, while typically cheaper in the short term, does not build equity. In addition, consider the lifestyle you want to lead. Owning a home can provide a sense of stability and the freedom to customize your space. Renting, on the other hand, can free you from the stress and cost of home maintenance. Lastly, the decision to buy or rent could depend on the availability of properties in Rodney Bay. If there are few homes for sale, or if they are out of your price range, renting may be your only option. Conversely, if rental properties are scarce or expensive, buying might make more sense. In conclusion, the decision to buy or rent a home in Rodney Bay, Saint Lucia depends on your long-term plans, financial situation, desired lifestyle, and the local real estate market. It's a decision that requires careful consideration and, ideally, advice from real estate professionals," remarked one foreigner who made the move to Rodney Bay.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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