Caribbean properties woo Springtime buyers
The Caribbean has a timeless appeal for a certain kind of laid back lifestyle, and it seems to be around springtime that it really begins to appeal to overseas investors.
Jamaica’s Port Antonio is a hotspot of the moment, with desirable plots of land going for around £80,000 meaning that developers looking for a ground-up project can afford to get their dream home off the starting blocks.
St Kitts and Nevis were the most sought after locations according to internet search activity statistics released for the first quarter of 2013, and building plots in the Cayman Islands also drew a great deal of interest.
Along with current global property favourite Brazil, the Caribbean accounted for six of the top 10 listings of internet related enquiries regarding property purchases for world wide investors.
St Kitts and Nevis offer ‘citizenship by investment’ packages that are becoming an increasingly popular way for governments to stimulate investor interest in domestic property markets, with prices for buying-in starting at $400,000.
The lifestyle and income potential offered by making an investment in St Kitts and Nevis properties means that investors looking further afield than more traditional markets are increasingly being drawn in.
Meanwhile, Brazil’s seemingly unassailable position as the market leader in property boom appeal around the world shows no sign of slowing down, with the upcoming World Cup only serving to boost interest for opportunities in Rio de Janeiro and beach front flats on the Ponta Negra.
The continued uncertainty in Europe, with the Spanish market still showing no signs of having fully bottomed out and the likes of Cyprus giving increasingly desperate signals, means that many investors are looking away from the more traditional ‘safe bets’ for investments and becoming more willing to give Caribbean and South American property a look in.
Wherever in the world you may be considering moving money, you will have to have a clear idea of travel money exchange rates. Always check the rates offered by specialist firms, which more often than not can give better rates than those available from the banks.