The influence of tourism on the Curacao real estate market

Curaçao annually welcomes a large influx of visitors seeking relaxation, sun, and culture. Many tourists don't limit themselves to a short stay at a resort; they opt for a villa, apartment, or vacation home. This has direct consequences for the real estate market.

Holiday rentals as a revenue model

Vacation rentals through platforms like Airbnb and Booking.com have increased significantly in recent years. Homeowners are seizing this opportunity to generate additional income. Curaçao's attractiveness as a destination means that real estate in popular areas is increasingly viewed as an investment rather than a place to live.

Impact on price and availability

This is clearly noticeable in neighborhoods like Jan Thiel, Blue Bay, and Pietermaai. The combination of location, safety, and tourist amenities attracts foreign buyers. This leads to a vibrant real estate market, where demand continues to grow and prices are developing positively. Increasing tourism thus contributes to economic opportunities and the island's further development.

Change in the function of neighborhoods

Project developers are responding to this trend with apartment complexes and villas fully equipped for temporary stays. Think of units with self-management, reception services, and communal swimming pools. This is transforming the function of some neighborhoods where permanent residents previously constituted the majority.

Rules regarding tourist use

Local governments and agencies are exploring how to regulate vacation rentals, for example, by limiting the number of tourist stays per neighborhood. This is an attempt to strike a balance between tourism and quality of life. This also offers new opportunities for those who manage rentals professionally, for example, with a rental manager or customized guest services.

What should you pay attention to when purchasing?

For those considering buying real estate in Curaçao , it's important to clearly define the property's intended use beforehand. A house in a tourist area offers potentially high rental income, but also brings increased competition and can be subject to seasonal fluctuations. Properties outside the tourist center are quieter and more stable in use, but often yield lower returns for short-term rentals.

There are differences in ownership types (such as leasehold and freehold land), building regulations, and rental permits. This can be confusing for foreign buyers, especially those without experience in the market. Therefore, seek sound advice and choose a real estate agent who is familiar with these matters.

Growing tourism as a driving factor

Data from the Curaçao Tourist Board and the Central Bureau of Statistics shows that the number of tourists has remained consistently high in recent years. Consequently, interest in rental properties remains high.

Curious about what this means for your situation? Or want to know which homes are attractive in the current market? Contact us for personalized advice and a current listing.