According to opinions expressed in the CIA World Factbook relating to the economy of Jamaica, economic growth in the nation is being restricted significantly by serious crime because while the government seeks to battle crime levels it is also attempting to achieve ‘fiscal discipline’ and this is creating an almost untenable situation for progress.
Against this rather negative backdrop the local property market is actually extremely liquid with property prices rising fast, flat land in short supply and rental demand remaining very strong indeed. So is Caribbean property in Jamaica a good investment or is Jamaica’s a market worth avoiding until crime levels become more manageable for example? In this article we examine the facts.
There are just so many popular property markets in the Caribbean that it can be difficult for an investor to know which islands and nations to target for possible price appreciation, good value real estate, the potential for healthy yields and gains as well as an ongoing active resale market. Those at Amberlamb who have been doing their own research on the Caribbean property scene have noticed that the popularity of Dominican Republic property is rising sharply.
In this feature we take a look at what’s driving up the appeal of property in the Dominican Republic, whether the market has much more room for significant price growth and whether there are any potential issues that a buyer should be aware of before committing to buy.
Anyone with a few million dollars in their pocket who’s dreaming of a desert island getaway could purchase their very own Caribbean island retreat - the latest in a long list of islands up for sale in the region have just been released onto the auction scene and sealed bids were flooding in yesterday.
The beautiful island of Antigua is becoming a property investor’s Caribbean choice de jour and witnessing something of a boom in demand for property for sale – so much so that building supplies and skilled constructors are in short supply.
St Lucia is the Caribbean investment property hotspot de jour; and according to industry sources it’s European buyers who are flooding the market with interest and who are in search of retirement properties, second homes and investment real estate.
An increasing number of American property investors are heading for the Caribbean in search of affordable real estate where they can invest to hedge against a possible slowdown in the local American real estate market.
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