Caribbean Sees Record Capital Growth
“Caribbean real estate is still thriving, which may seem surprising in today’s economic climate. The Caribbean offers a safe and very attractive option for a second home which will also work as a smart investment. It is investor friendly with purchase proceedings typically conducted in English, making it a lot simpler than in other parts of the world. This combined with the continued strength of the pound against the dollar gives investors a huge advantage over comparable properties in Europe.
"Many of the islands are seeing a healthy capital appreciation, with recent research suggesting that Antigua has enjoyed 40% capital growth over the last 12 months, ranked the highest worldwide. There is a great demand for more developments in Antigua and stock is limited. Direct daily flights from the UK and USA allow for ease of access and a healthy year round rental income. In addition, there are no capital gains or estate duties in Antigua meaning there is no better time to invest. It is likely that prices will continue to grow in the near future, so purchasers should buy early to receive the best returns.”
“Since announcing the pre-launch of our latest development Tamarind Hills in Antigua three weeks ago, there has been an enormous amount of interest and some of our clients have already secured their dream homes at amazing prices by being one of the first to buy. There are 15 properties available at pre-launch prices and by reserving early purchasers will see an immediate 10% appreciation when the development launches in October 2008."
“Tamarind Hills is a beachfront location on the West Coast of Antigua comprising of 81 luxury villas and apartments. With nearby beachfront properties selling at 45% higher prices, we predict that this exclusive development will be very successful!”
“We are also pleased to announce that the Turks and Caicos government has reduced the stamp duty on real estate purchases from 9.75% to 6% until the 30th June 2008. As this is only available for a limited time, we would encourage clients to take advantage of this government incentive and save money on the purchase of a luxury property.”
"Located on the island of Providenciales in the Turks and Caicos, The Wymara is an exclusive development comprising 52 luxury beachfront apartments. The properties range from studios to three bedroom penthouses and are situated on Grace Bay Beach, which was recently voted the best beach in the world. All apartments have spectacular sunset views and construction is scheduled for completion at the end of 2008. There is an estimated 6% rental return and 15% capital appreciation in year one, so there’s no surprise to see that there are only 22 units remaining.”
Lisa Basire – Marketing Director, Prestigious Properties Ltd
Caribbean
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| Location: Antigua |
Tamarind Hills is an exclusive beachfront development on the west coast of Antigua. 11 Units available at pra-launch prices. 75% waiver on all transfer duties.  |
| Property Type: Beachfront Villas & Apartments |
Prices: from $670,000 |
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| Location: St Lucia |
85 luxurious one and two bedroom buy-to-let villas situated in between the magnificent Val des Pitons – St Lucia’s UNESCO World Heritage Site. |
| Property Type: Villas |
Prices: from $700,000 |
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| Location: Turks and Caicos Island |
Voted as the “best waterfront development” by Caribbean World Magazine, this award winning community offers a desirable expression of Island Life |
| Property Type: Villas |
Prices: from $3,000,000 |
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