The evolution of the real estate market in Saint-Martin over the last five years

Over the past five years, the real estate market in Saint Martin has undergone a notable transformation, particularly in the Cupecoy and Simpson Bay areas on the Dutch side, as well as in key sectors on the French side. Following the devastation of Hurricane Irma in 2017, the island has seen a revival on both sides of the country, with a surge in new developments and a distinct dynamic between the two sides.

On the Dutch side, real estate growth was particularly pronounced in Cupecoy and Simpson Bay. These two areas, which were already popular before Irma, saw the emergence of high-end real estate projects. In Cupecoy, several new luxury residential complexes emerged, offering modern apartments with spectacular views of the Caribbean Sea. The arrival of private residences, villa complexes, and luxury hotels revitalized the area, attracting investors seeking prestigious properties. Simpson Bay, meanwhile, benefited from both residential and commercial real estate projects, with a particular emphasis on vacation rentals. The area has become a central hub for real estate investors thanks to the strong tourist demand, particularly due to its proximity to the international airport and the marina.

On the French side, although the real estate market was affected by Irma's damage, a real renaissance has begun with the reconstruction and implementation of new developments. In Marigot, the city center has seen the construction of modern residential complexes, as well as the renovation of existing buildings, with particular attention paid to aesthetics and the quality of life of residents. Luxury villa and apartment projects attract a clientele seeking peace and quiet and panoramic views, contributing to the growth of the high-end market. Moreover, the tourism sector, particularly around Orient Bay Beach and Grand Case Bay, has increased demand for seasonal housing, a rapidly growing niche for foreign investors.

In short, the past five years have seen a reorganization of the Saint Martin real estate market, with strong growth in new developments in Cupecoy and Simpson Bay on the Dutch side, and a gradual revitalization on the French side. These developments respond to growing demand from investors and residents, while also bringing challenges of sustainability and spatial management. The island, while retaining its unique character, seems ready to face the challenges of its real estate future, with a diverse offering meeting all types of demand.