Caribbean real estate is all about how you feel!
I know many Europeans reconsidering their investment plans for holiday homes and vacations are now looking at the Caribbean. With Arctic like conditions here in the UK it seems winter sun is what its all about.
I was asked where in the Caribbean would I recommend and for me its all about how you feel when you visit the various islands.
Some Caribbean islands have been dogged by violent crime and I have found a few that almost resent visitors. What is the point in buying a place where you don't feel comfortable. When it comes to sell your dream Caribbean real estate your buyers may also feel the same way. Tourism will plummet if the island has a nightmare reputation.
So go where you feel comfortable, and I don't mean to an expats community that locks you in from the locals. Gated communities are fine but are they hiding the real problem with the island, the people?
The Caribbean is offering buyers right now lower than ever prices and they will be keen for your money, so take my advice and check how do you feel before any commitment in the Caribbean
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I'd be interested to know which countries are the easiest to purchase in for an overseas buyer, does the purchase have to be all cash, definitely something that is very interesting.
Hi Thanks for your comments , for me the region that has long established history with international buyers is Barbados. It seesm to tick all the right boxes with a good tourism industry.
Buying a property in Barbados is made easier as in 1998 the government abolished property transfer tax for non-nationals of Barbados.
It is necessary for a non-national purchaser to remit the purchase price to Barbados in a foreign currency. It is then converted into Barbados currency and registered with the Exchange Control Authority of Barbados. This is to facilitate a subsequent repatriation of funds if the property is sold.
Exchange Control Authority permission is also necessary for the purchase itself. This is usually a formality once the purchase monies have been registered.
US Dollar loans are available to non-residents from FirstCaribbean International Bank for up to 60% of the value of the property over a term of up to 15 years
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