Caribbean investment property is becoming a favourite

5 June 2008

A recent article published by the Independent suggested that buying property in the Caribbean was becoming a favourite with investors as more and more of us are looking further a field for investment property.

The Caribbean is becoming more expensive with Islands such as Barbados and Dominican Republic stealing the limelight and prices here rising steadily year on year. There is no doubt amongst the investment community that the luxury end of the market is what were looking for as this gives us the best returns as the population slowly becomes more wealthy.

However there is a jewel in the crown so to speak, the island of St Vincent, situated 100 miles west of Barbados, between St Lucia to the north and Grenada to the south. Its landscape depicts the ultimate in lush rainforest rolling mountains and golden sands. One major 5 star development is emerging which is proving to be a glorious investment.

The new major airport serving its developing tourism is due to open in 2011 to coincide with the launch of this fantastic luxury development of beachfront villas, 5 star apartments and waterfront cabanas. Added to this will be the ultimate in spa luxury provided by the hotel complex which it has been announced will be managed by the multinational group; Oasis Hotels.

Many of the properties have already been sold but the remaining ones are still offered with a low reservation deposit, 2 year rent guarantee and a room rate share option.

Prices in St Vincent are rising but not in comparison with neighbouring islands and there are still a few opportunities to buy at off-plan prices. The island is far less developed and it is anticipated that restrictions will be placed on future large scale developments so this really is a one off opportunity to buy here. The standard of living is still very cheap and much emphasis is put on local trade keeping the prices down.

Now is definitely the time to buy in St Vincent.