I just go this property mail to homeowners and they were saying how St.Croix is adjusting to development and St. Thomas was trying to add more luxury hotels like the Marriot ( which is beautiful I highly recomment it).

I would personally recommend St.John out of all the islands, or in your case, Tortolla, or buy some land on Jost. However as you know the dollar is weak against the pound so St.John might not be a bad options. It is over 2/3's national forest and although they say that it is being overdeveloped, there are places that never will be developed. It has low crime and probably because it is the most expensive islands in the Carribbean, I think St. Barths might be the most. But it is in a class with Tortolla and Virgin Gorda. I run a radio add in Boston and when people call if they heard of St.John then they I don't have to sell them on anything. If they didn't hear of it, then they think it is too expensive and go to Jamica where they get hit over the head with a melon. Crime is very high in the impoverished islands, even St. Thomas.

I look at the real estate everyday since I bought my property. The prices keep going down, almost like 100K but rent is still the same pretty much and a lot of people book during the rainy season which I did not expect. There is one property that has gone down tremendously and I can't believe I have not jumped on it before I bought Florian Villa. It is listed by American Paradise and I would talk to Hillarie. Other real estate place that I have looked at is Holiday Homes and the girl there is Sara. Just find out who listts the property. The one I saw was the Ohara house in Fish Bay for 550K but I bet you could talk them down to at least 500K. It has a view and Fish Bay is OK for St.John but that is a great price for a 3 beds and 3 baths. Some other properties of note are snails place I forget who lists it which rents out all the time and the Oatley house which just dropped their price.

If you market it yourself you will have to give a management company at least 10 percent and if you let them market it is another 20 percent. They know that the island is remote and definitley rake you over the coals a bit. But there is only so much land to develop.

Remember that I am Fire Captain in Boston and I don't know a lot about real estate but since I have bought this property the learning curve is unbelievable.

Take care all the best