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No. You do not need to live in or even visit the property; the only presence rule is at least five days in the country within the first five years of citizenship.
Buying qualifying real estate does not oblige you to occupy it. Many investors rent the property out or hold it purely as the qualifying asset, then sell it once the five-year holding period ends.
The only physical-presence requirement that applies is spending a minimum of five days in Antigua and Barbuda within the first five years after citizenship is granted. That visit does not have to be at the property you bought, and can be satisfied with one short trip.
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