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Buying in the Caribbean and
Owning or investing in off shore properties has become increasingly more attractive due to advanced technology and greater global mobility. It has also taken owning offshore real estate to new levels as solid investments for ones financial future, allows people to diversify their wealth beyond their home country and can even go so far as to protect assets. For others it is an opportunity to relocate or retire.
Given the Caribbean and Central America ’s natural beauty and enhanced air travel access, buying offshore in the tropics makes owning or investing off shore significantly attractive. "Vacation Home buyers are purchasing properties they can use year round and want to do so in tropical locations’. (HVS International Report, April 2006). And rightly so. In an interesting paradox, properties in the Caribbean and Central America are often less expensive than other North American or European sea or lakeside locations and in most instances the cost of living and taxes in the Caribbean and Central America are lower.
But how do you go about deciding where you want to purchase your new
Geographically speaking there are countries and volcanic islands which are hilly or mountainous and lush- to coral islands which are relatively flat and with less vegetation. What elevation do you want to be at? How do you perceive your island? A few of the volcanic islands where lush rain forests are found are St. Lucia, St. Kitts, St. Vincent, Dominica, Dominican Republic and Puerto Rico as well as the county of Costa Rica. Whereas the coral islands, thus the flatter islands are: the Bahamas, the Turks and Caicos, the Cayman Islands, Anguilla and Anegada in the British Virgin Islands. The Caribbean and Central America are known for their white sandy beaches but Bermuda interestingly enough has pink beaches and the volcanic based islands of Dominica, St. Vincent and most of St. Kitts have black sandy beaches. Just how do you perceive your island for vacation home ownership?
And perhaps language will be a factor in your decision. Although English is widley spoken throughout the Caribbean and Central America , it is not always the primary language. For instance in Central America; Mexico, Costa Rica, Panama and El Salvador are primarily Spanish speaking while its neighboring counterpart Belize is English. In the Caribbean you will find the Dominican Republic and Puerto Rico Spanish speaking, while St. Martin, St. Barths, Guadeloupe and Martinique French speaking; and Curacao, Aruba, Bonaire and St. Maarten, Dutch. The rest are English speaking although an interesting blend of languages is a dialect called Patois that is commonly heard.
In making these decisions you will be able to narrow in on your countries of interest. And what about your buying power with the countries you have chosen? How safe is your investment? What is the economic and political climate of the county? Whitten Caribbean Real Estate can answer these questions for you.
And in wishing to browse for properties throughout the Caribbean and Central America it is made easier through Whitten Caribbean Real Estates web site: www.multiplelistingservicecaribbean.com with its diverse range of real estate properties and real estate representatives throughout the Caribbean and Central America. F rom here you will be able to view properties by price, number of bedrooms or bathrooms, pool or even year built under the country of choice and contact the Real Estate Agent directly on the properties of interest through the sites contact form. With Whitten Caribbean Real Estate, you can be assured of professionalism, direct attention to your real estate enquiries/needs and know you will have a dedicated Real Estate Representative of that country working to fulfill your dream.
There are many potential real estate opportunities in the Tropics. And the beauty of it is, in the tropics the weather stays consistently within a narrow range between summer and winter. Therefore your tropical vacation property can be used year round. And what may be vacation only properties that are purchased in the North America or Europe, become both vacation and revenue producing properties in the Tropics, with people from southern America seeking refuge from the heat in the summer and European, Canadian and Northern and Coastal residents of America seeking warmth in the winter. What starts to be a real estate investment and quality of life quickly becomes also an equity producing property. With Property Managers to take care of all property grooming and rental needs, this is a win situation for you as a Tropics vacation property owner, whether renting or not. Whitten Caribbean Real Estate has Property Managers throughout the Caribbean and Central America to assist you. (Renting your home on some islands is not permitted.)
As you see, buying a property in the tropics can be slightly different than buying ‘at home’ and we are here to guide you in every step of the way. Whitten Caribbean Real Estate will streamline it all- help you decide on a country, provide a review of the closing procedures and costs of buying a property in the country and any special regulations that would affect your ownership, as well as recommend an attorney and escrow company to provide title guarantee, escrow and closing services; along with provide a Whitten Caribbean Real Estate qualified Real Estate Agent. It will be as straightforward as that. From there you will be the new owner of your tropical vacation property of which to enjoy.
Things are slower in the Caribbean and Central America . That beautiful laid back easy-going lifestyle you are going to enjoy is part of a way of life in the tropics. And once you are gently rocking in your hammock from the warm tropical breeze and a cool drink in hand you know you have made the right decision. Owning a vacation home in the tropics is not just a dream, it can be reality.
Let Whitten Caribbean Real Estate www.multiplelistingservicecaribbean.com help you make that reality. Contact us today.
Donna L. Hood
President
Whitten Caribbean Real Estate
Road Town, Tortola
British Virgin Islands
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| Location: St Vincent and the Grenadines |
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Price: $690 Description: Welcome to PALM ISLAND Resort. A private island paradise ... Winner of Fodor’s Choice Award (2006), World Travel Awards ‘The World’s Leading Private Island’, Caribbean Travel & ... MORE |
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