What is the price for a house in Guyana?

As would be expected, many variables determine the price at which a house may be sold.

While a particular price may be advertised, some sellers may be willing to facilitate negotiations. If the price is negotiable, the parties will then settle on an agreed cost.

Cost may also be determined by the value of the property, following inspection and valuation.

This will take into account any factor which may have contributed to a depreciation in value, thus resulting in a lower price, as opposed to where a price may be conversely higher, given possible renovations to the particular property. 

Location:

Where a property is located also helps in determining price.

As one can imagine, most properties being sold in affluent neighbourhoods in the capital Georgetown—such as Bel Air Park and Subryanville just to name—are sold in the hundred millions.

Cost is also influenced by furnishings and amenities—whether affixed to the land/immoveable property such as swimming pools, basketball courts and other luxurious facilities—or movable property such as home furnishings  

The size and materials—as well as type—whether wooden or concrete, are also price determinants.

These are general factors which help in determining the cost of real estate.

Where can I afford to live in Guyana – See our guide to house prices in Guyana Below