New Study Reveals Buying A Private Island Is 75% Cheaper Than Buying A Home In The UK

New research has revealed the world’s most affordable private islands- with some being over 75% cheaper than the average UK home!

The study, conducted by the team at Slingo, looked at the price and size of private islands to determine the most expensive private islands in the world.

The 10 most affordable private islands in the world:

Rank	Island name	Location	Price (GBP)	Size (Sq Meter)
1	La Cornelia Island	Nicaragua	£70,829	4,047
2	Gillis Island	Canada	£86,569	44,517
3	Calf Island	Canada	£131,016	105,222
4	MacLellans Island	Canada	£169,203	60,705
5	The Island of Lac Lesage	Canada	£287,251	4,047
6	The Enclave at Placencia Caye	Belize	£292,760	8,094
7	Greer Island	Maine, US	£310,861	20,235
8	Sweetheart Island	Florida, US	£314,008	8,094
8	The Carolina Cayes	North Carolina, US	£326,945	1,036,032
10	Ile Fraser	Canada	£326,945	4,047

The island of La Cornelia, in Nicaragua, is the most affordable private island as of 2023, costing £70,829 for the 4,047-metre squared island. The island is part of the Las Isletas de Granada, a group of 365 small islands in Lake Nicaragua, just southeast of the city of Granada, Nicaragua. The island already has electricity, despite it being undeveloped, and is rich with palm and mango trees.

The second most affordable private island in the world is Gillis Island, in Canada, costing £86,569 for 44,517 square metres. The island is located on the Pinette River, just a half hour away from Charlottetown, the island also has a mixed forest and a south-facing sandy beach.

Another Canadian private island, Calf Island, is the third-most affordable island in 2023, costing £131,016. Off the coast of Mitchell Bay in Nova Scotia, the island has plenty of trees and a mild climate, influenced by the Gulf Stream.

The study also looked at the most expensive private islands in the world.