The real estate on Utila has increased 25% each year for the past 4 years. Whether you're a vacationer or a dive enthusiast, this is one of the most beautiful and peaceful islands in the Caribbean. With the bulk of the island owned for generations by local families, the opportunity to own a piece of paradise at this price will not last long.
Steady growth in the real estate market is much more reliable in the Caribbean than anywhere else. The climate and attractions remain the same, but the land available is reduced each year. Typically a growing economy drives property values up each year. In the Caribbean, tourism, investors and availability also increase the value of property.
Not everybody can live in Utila throughout the whole year. That's why, in addition to maintaining the property, the property association will be running an optional rental program. This will allow you to have your vacation investment rented and earning money when you are not visiting.
These condos are located on the luxury side of town where the houses, apartments and cabanas rent between $800 and $1700 a week. These prices can only increase with effective advertisement. Our goal is to keep the prices low so that we are booked as often as possible.
The following will be included as part of the rental service:
To join the Property Rental Program, your unit must be furnished and accessorized to facilitate a comfortable vacation for your renters.
This shall include but is not limited to:
All costs will be charged as a percentage of rental income. There will be no out-of-pocket expenses for participants. This rental service is a non-profit program established by the developers for the benefit of Association members.