September 20, 2020

Caribbean real estate to boom in 2015

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localimagereaderFrom Property Showrooms

With so many pockets of social, political and economic unrest throughout the world, it’s no wonder a growing number of property investors are bargain-hunting in the world’s most famously laid-back part of the world – The Caribbean.

Attracted by the high quality of living, good value for money and the overall stability of the Caribbean region, investor sentiment is running high according to The Caribbean Property Investor magazine.

Walter Zephirin, managing director of the magazine’s publisher 7th Heaven Properties said: “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”.

“Locations across the Caribbean and Central America are benefitting 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,” he added.

There are currently 167 hotel projects in the development pipeline across the Caribbean and Mexico including several resorts with luxury properties available for purchase in locations such as the Bahamas, Puerto Rico and the Turks & Caicos Islands.

Swelling tourist numbers have led to an increase in direct flights throughout the region including, Costa Rica, the Bahamas, Dominican Republic and St Lucia, improving access for tourists and property buyers.

Caribbean real estate has historically been the domain of ultra-wealthy property buyers or the rich and famous but now there are an increasing amount of opportunities to join the market at much lower entry levels.

Fractional ownership investment schemes for high-quality projects in luxurious Caribbean destinations are rising in popularity among smaller investors. With economic growth predictions for the Caribbean region in 2015, there is plenty of potential for significant investment returns.

For more: http://www.propertyshowrooms.com/cayman-islands/property/news/caribbean-real-estate-boom-2015_313346.html
IMAGE: www.sothebysrealty.com

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