Real estate market shows signs of strength

POSTED: 05/23/16 6:51 PM

 

Blueberry Hill

Artist’s impression of the Blueberry Hill project. Image ireteam.com

Jagtiani: “Blueberry Hill project sold out”

St. Maarten News – “The local real estate market is showing signs of recovery after years of suffering from the global economic downturn that began in 2007. Like most places around the world, St. Maarten’s economy has had its fair share of challenges,” realtor Arun Jagtiani says in a press statement.

There are several reasons to be optimistic according to Jagtiani of Island Real Estate Team, “Real estate is one of the most significant economic indicators for any country. Sadly our island does not publish official real estate statistics, but there are a few testimonies within the market that really stand out and give us good reason to be optimistic. The project that first comes to mind when I make this statement is Blueberry Hill in Madame Estate. Construction began just a few months ago and all inventory is already sold. It’s been many years since we have seen this kind of response to a new project in St. Maarten.”

Blueberry Hill will be a gated hilltop community located in Claude Estate and will offer spectacular views of Philipsburg with prices starting at $259,000 for a townhouse with private garden. The plans were originally announced in early 2015. “From the launch the project was very well received and several people paid deposits before we even began construction. Since the concrete has started to pour into the ground the market has reacted with a wave of buyers, and I’m proud to say we just signed a contract with a buyer for what was the last available unit,” said listing agent Sacha Vliegen of Island Real Estate Team, who also added that in light of the recent success of Blueberry Hill, the developers are now launching a second phase adjacent to the first phase to meet the demand from the market.

For information about Blueberry Hill phase 2 please contact Sacha Vliegen from Island Real Estate Team at 520 20 64 or info@ireteam.com

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