Caribbean tourism surpassed 2019 pre-pandemic records in 2023 as Guyana’s oil production reached 400,000 bpd. As 2024 begins, the region’s property markets balance strong tourism-driven demand against high interest rate headwinds.

The 2023 Atlantic hurricane season, featuring Category 5 Lee and Tammy’s Leeward Islands impacts, approaches its close as Caribbean property insurance costs rise 15-25 percent and winter tourism forward bookings signal a record season.

A comprehensive review of 2022’s defining events for Caribbean property and investment: the Russia-Ukraine inflation shock, Hurricane Fiona, tourism’s dramatic recovery and Guyana’s oil boom, with a 2023 outlook.

Russia’s invasion of Ukraine on February 24, 2022 sent oil prices above $105 per barrel, triggering an immediate energy and food price shock across the Caribbean’s import-dependent economies while tourism bookings held firm.

The Omicron wave disrupted Caribbean tourism in January 2022, but open-border policies held firm. The Bank of Jamaica raised its policy rate and Russia-Ukraine tensions introduced a new commodity price risk.

A comprehensive review of the Caribbean property and investment landscape in 2021 — tourism recovery, Barbados republic, Guyana oil revenues — and an outlook for 2022 as Omicron clouds the horizon.

Barbados made history on November 30, 2021 becoming the world’s newest republic as Dame Sandra Mason was inaugurated as President. The Omicron variant emerged just days before, testing the region’s tourism recovery momentum.

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.

Spring 2019 brings record Caribbean tourism arrivals, strengthening investment sentiment across the region, and mounting excitement over Guyana’s approaching oil era.

Two months after Trinidad Carnival 2019 and as Caribbean spring tourism gets underway, Barbados’s IMF reform programme shows early results after six months in operation. Jamaica’s fiscal improvement continues to drive property market confidence while Guyana’s oil countdown moves ever closer to its defining moment.