Private Island Market Shifts: Safety and Connectivity Drive Buyer Preferences

Farhad Vladi, a veteran in private island sales, has observed a significant shift in buyer preferences over the past five years. With over 2,000 island transactions since 1971, Vladi notes a growing interest in safe havens closer to home, such as Scandinavia, Ireland, and the French Atlantic coast.

Political stability has become a crucial factor for island buyers, who are increasingly drawn to Commonwealth areas. For instance, a 30-hectare island near Shannon Airport, Ireland, is currently on the market for just under £1 million. Shannon Airport, interestingly, was the world's first duty-free airport, adding to its historical significance.

Canada's east coast has emerged as another popular destination. Hartlings Island in Nova Scotia, one of the 3,800 coastal islands in the province, is available for £150,000. This island offers diverse wildlife and a 400 sq ft house, exemplifying the natural appeal of these properties.

"A long time ago, communication was a big issue. Not so much anymore because of Starlink."

The advent of Starlink, Elon Musk's satellite internet system, has revolutionized island living. With over 4,000 satellites launched as of 2024, Starlink has connected once-isolated islands to the global marketplace, making remote work possible from even the most secluded locations.

This technological advancement has led to increased demand and rising prices, with Vladi estimating a 10% annual increase. Additionally, stricter building regulations have made existing developments on islands more valuable.

The rental potential of private islands has become a significant consideration for buyers. Sir Richard Branson's Necker Island, which can accommodate up to 40 guests, serves as an inspiration for those looking to offset ownership costs through rentals.

Andy Jackson, general manager of the Isle of Carna in Scotland, provides insight into island living. The 600-acre island in Loch Sunart, a sea loch on Scotland's west coast, attracts diverse visitors, from scuba divers to stargazers. The island is home to protected species like golden eagles, known for their impressive 2.3-meter wingspan, and sea otters, famous for their tool-using abilities.

For those interested in Scottish islands, Torsa Island is on the market for over £1.5 million. Luke French of Savills notes that while island sales attract significant interest, they appeal to a niche group of buyers with suitable funds and lifestyles.

Despite rising prices, with some Caribbean islands now fetching ten times their value from two decades ago, bargains still exist. A recent sale of an Irish island for €275,000 demonstrates that private island ownership remains accessible to some, comparable to the average price of a semi-detached house in Stoke-on-Trent.

As the private island market continues to evolve, factors such as safety, connectivity, and rental potential are shaping buyer decisions, creating new opportunities in unexpected locations.