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he St Lucia real estate market offers a smorgasbord of condos for sale. The options range from super luxurious, multi-million dollar units to more practical developments where prices start at US$150,000. Despite the vast differences between individual properties, St Lucia condos for sale all tend to have certain characteristics in common. The following points illustrate why someone shopping for St Lucia real estate should make their choice a condominium.

There is a variety to choose from. A 2 bedroom unit in Marisule goes for US$150,000

A 3 bedroom waterfront condo in Rodney Bay sells for around US$900,000

Price

St Lucia condos for sale usually cost less than single family homes of a comparable size and quality. This is because construction costs are spread out over multiple condominium units, making each unit more cost effective. This makes them a great option for anyone shopping on a budget, with high value for money in mind.

Condominiums are usually built in convenient locations such as this planned development in Corinth

Location

The key idea behind condominiums is that they provide owners with a high level of convenience. Condominiums are therefore usually built in central locations close to urban areas. This means they are close to work, school, the beach and other amenities. Take the Calabash Condos development in Corinth for instance. It is a 5 minute walk from the main road and the public transport system. In addition, Castries and Rodney Bay can both be easily accessed within 10- 15 minutes.

Security

St Lucia condos for sale are usually fenced with the entrance controlled by an electronic gate. The residents also have the added comfort of knowing that there is always someone on the premises. Even if they are at work or out of state, their homes are never left alone.

Condominiums usually have central security features

No hassle maintenance

Every St Lucia real estate owner has to plan for the maintenance of their property.  Condominiums eliminate this hassle as the exterior of the property is maintained by the condominium association. This means individual owners don’t have to worry about pushing a lawnmower around in the sun or caring for the pool. This is a huge plus for people who travel often or live busy lifestyles.

Bonus features

St Lucia condos for sale often have central amenities such as swimming pools or tennis courts, which are shared by the owners of the units.  These features are extremely affordable as the cost is shared by a group of owners.  Condominiums stand out over other types of St Lucia real estate by giving buyers access to superior amenities.

St Lucia condos for sale usually have beautiful common areas

Rental potential

Because of their excellent location, security and bonus features, condominiums make great rental properties. Tenants often line up to experience the enviable lifestyle offered by condominiums. They are therefore ideal options for St Lucia real estate purchasers who are looking to recoup their investment by generating long term income.

The concept of condominiums, though relatively new to the St Lucia real estate market, has been embraced by buyers. New developments are springing up giving shoppers even more great options to choose from. If you have been on the market for St Lucia real estate, consider a condominium unit. The choice may be easier than you think!