Caribbean COVID recovery 2021
Barbados announces its historic transition to a republic, Caribbean tourism continues its Q3 2021 recovery, and the digital nomad economy reshapes property demand across the islands.
Caribbean summer tourism shows encouraging recovery as vaccinations progress, the IPCC’s landmark Sixth Assessment Report raises urgent questions for property risk in the region, and Hurricane Grace reminds investors of persistent climate exposure.
Caribbean tourism reopens with encouraging summer momentum, Jamaica’s Remote Work Stamp launches, and the short-term rental market shows early signs of recovery as the region seizes the remote work opportunity.
Caribbean vaccination campaigns accelerate through June as travel corridors open for vaccinated visitors, property markets demonstrate resilience, and the Cayman Islands signals a historic reopening for vaccinated travellers.
The 2021 Atlantic hurricane season opens with above-average forecasts as the Caribbean continues its pandemic economic recovery, remittances reach historic highs providing a crucial foundation for household property demand.
Caribbean vaccine rollouts accelerate as travel restart planning enters a new phase, while the property market adapts with virtual tours, remote purchases, and new digital tools reshaping how buyers engage with Caribbean real estate.
One Year On: Caribbean Pandemic Assessment, Vaccine Hope and Property Markets Through the COVID Lens
One year into the COVID-19 pandemic, we assess the full extent of Caribbean economic contraction, the Dominican Republic’s outperformance, Guyana’s oil-fuelled exception, and a property market that defied predictions with unexpected resilience.
One year after COVID-19 upended Caribbean tourism and economies, we assess the region’s property market performance: GDP contractions documented, Dominican Republic’s remarkable resilience noted, and property prices holding against all expectations.
Vaccine campaigns begin across the Caribbean as Trinidad Carnival is cancelled for a second year, governments unveil tourism restart plans, and the property market maintains its pandemic resilience with buyer interest sustained through virtual channels.
Caribbean nations launch their first COVID-19 vaccination campaigns in February 2021, as Trinidad Carnival is cancelled for a second consecutive year. We examine vaccine rollout progress, tourism restart plans and what the Dominican Republic’s continued openness reveals about regional recovery.
As 2021 opens with cautious hope, the Alpha/UK COVID variant adds new uncertainty to Caribbean recovery plans, while the Barbados Welcome Stamp’s 5,000-applicant milestone establishes digital nomad programmes as a structural force in Caribbean property demand.
As 2021 opens with new COVID variants and continuing border restrictions, Caribbean property markets display remarkable resilience driven by diaspora buyers and the Barbados Welcome Stamp phenomenon. We assess the year ahead.
A definitive year-end review of 2020: Caribbean tourism collapses 65-70% but property markets demonstrate extraordinary resilience, Guyana’s oil revolution continues, diaspora remittances hit records, and vaccines offer hope for 2021.
As 2020 draws to a close, the Caribbean confronts the full scale of tourism collapse while property markets show surprising resilience. We review the year’s damage and the vaccine hope on the horizon.