Guadeloupe Real Estate, Economy and Infrastructure
The economy of Guadeloupe depends entirely on tourism, agriculture, light industry and services. It also largely depends on mainland France for large imports and subsidies. The tourism industry in Guadeloupe has been growing exponentially, with most tourists coming from the U.S. and an increasing number of cruises visiting the island.
Crops like eggplant, bananas, and flowers have now gradually replaced the traditional crop of sugarcane. Root crops and vegetables are also cultivated for the locals, even though Guadeloupe is still largely dependent on food imported from France. Light industry includes rum and sugar production. Most fuel and manufactured goods are imported. Unemployment on the island is considerably high, especially among the youth.
Because Guadeloupe comes under the same monetary system as that of mainland France, the official currency of the island is the Euro (€). At present, the rate of exchange is €1= US$ 1.30.
If staying in your favorite destination for a week or two is just not enough, then the beautiful Caribbean island of Guadeloupe offers some very interesting Caribbean real estate opportunities. From ultra-lavish estates to modest cottage hideaways, this tropical island will present some very intriguing investment options.
For example, there are oceanfront homes with acres and acres of garden located on the Pointe des Chateaux peninsula, which lies on the eastern side of Guadeloupe. These three bedroom houses have large private swimming pools, a garage and are located in upscale residential neighborhoods. Buying such a house on any of the other Caribbean islands would probably cost you millions of dollars; however, on Guadeloupe these houses start from $540,000!
When in Malendure, or its neighbor Bouillante, which is on the Basse-Terre’s West Coast, don’t even bother looking for a real estate agent, because there aren’t any realtors. There are a couple of realtors in the town of Basse-Terre, but unfortunately none of them speak in English. Nevertheless, there are some relatively good deals in this traditional, sleepy part of Guadeloupe. There are houses of about 1,100 square feet and that start at $71,000. For such a price, your house will probably be inland in a tiny village like Saint-Claude, but similar houses can be found on the coast for $121,500.
The main resort towns of Saint-François, Saint-Anne and Gosier, which are all in the south, have some very interesting real estate options. Saint-François, with its spectacular beaches, faces eastwards and offers some very exciting adventure opportunities. Studios in Saint-François cost about $47,000. However, these studios are small, at 340 square feet, and have a terrace. You will find much larger one-bedroom apartments and condominiums in lavish residences at Marina that start from $84,500 and go up to $137,000.
A relatively little known Caribbean island with subtle French influences, the Caribbean island of Guadeloupe seduces all who take the time to get to know her.