September 26, 2020

Caribbean real estate market hotting up

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The_Caribbean_Property_Investor_Issue_5Property and tourism sectors in the Caribbean and Central America set to grow in 2015, according to the latest edition of The Caribbean Property Investor magazine

12 January 2015: According to the most recent issue of 7th Heaven Properties’ annual magazine The Caribbean Property Investor, the Caribbean real estate and tourism sectors are poised for growth in 2015.

Analysis of trends in The Caribbean Property Investor magazine, indicates that the high quality of living, good value for money and stability offered by the Caribbean region has reinforced its appeal to property buyers and investors, particularly in the face of social, economic and political volatility in other regions.

According to Walter Zephirin, Managing Director of London-based 7th Heaven Properties which publishes The Caribbean Property Investor annually: “Many investment locations such as the Turks & Caicos, the Bahamas and the Cayman Islands experienced strong growth last year and we expect 2015 to be the year that the Caribbean real estate market as a whole turns a corner. A growth in enquiries from prospective buyers indicates a renewed confidence in the region and sales levels on many islands are returning to pre-crisis levels.”

Walter Zephirin added “Locations across the Caribbean and Central America are benefiting from an upturn in the USA, Canada and the UK, resulting in an increase in visitor arrivals, tourist spend and property sales. A growing pipeline of new projects, significant infrastructure investments and a thawing in relations between the USA and Cuba are also expected to provide an additional boost to the region.”

Key insights from issue 5 of The Caribbean Property Investor are listed below. To access the magazine in full free of charge, please visit:

http://www.7thheavenproperties.com/register-caribbean-property-investor-magazine.html

Key insights:

. A positive economic outlook for the Caribbean and Central America region, according to an interview with a VP at Moody’s Investors Service, with GDP forecast to grow 5.8% in Panama and 4.8% in the Dominican Republic in 2015.

. A strong pipeline of 167 hotel projects in development across the Caribbean and Mexico, according to hotel research expert STR, including numerous resorts with luxury residences for sale in destinations such as the Bahamas, Puerto Rico and the Turks & Caicos Islands.

.A series of announcements relating to new luxury residential developments in multiple locations, including Antigua, Costa Rica, Honduras and Panama.

. Government   programs incentivising   property buyers, including Citizenship by Investment programs in Antigua & Barbuda, Grenada and St Kitts & Nevis as well as retirement programs in Belize and Panama.

. An increase in direct flights to destinations including Costa Rica, the Bahamas, the Dominican Republic and St Lucia improving access for tourists and property buyers

.Recent and on-going investments in private jet terminals and airport upgrades supporting future growth in high end tourism and luxury real estate sales.

About The Caribbean Property Investor

The Caribbean Property Investor magazine is published annually by London-based 7th Heaven Properties. The publication has emerged as the definitive annual guide to prime property and luxury lifestyle in the Caribbean and Central America. Issue 5 showcases the finest luxury homes for sale and commercial investment opportunities from across the region. There are guest contributions from diplomats, government ministers and business leaders on topics ranging from retiring to Central America to the benefits of offshore banking. This issue also includes an interview with “King of Magic” David Copperfield (the most successful solo entertainer in history) on his Caribbean private island home, an exclusive guide to golf in association with iconic watchmaker OMEGA, plus regular features on Caribbean real estate market news, travel, interior design, fashion and art.

About 7th Heaven Properties

7th Heaven Properties is one of the world’s leading independent Caribbean property specialists, representing the finest real estate for sale from across the entire Caribbean and Central America. Supported by a network of agents based in Europe, North America and the Caribbean, the firm lists residential and commercial property for sale in 30 Caribbean territories.

For further information please contact 7th Heaven Properties at:

www.7thHeavenProperties.com

Tel. – UK: +44 (0)20 8960 1010

Tel. – US / Canada Toll Free: 855 364 8776

 

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Comments

  1. Nice post. I would love to read other post by you regarding real estate sector. Thanks.

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