Caribbean - cheap or chic?
There are many other hot spots to look at in the Caribbean -off-beaten track.
If you are looking for an entry level, look no further than Margarita Island (Venesuala). Low entry level property prices make the purchase of the real estate one of the most affordable in Caribbean (freehold beach side apartments start at just over Euros 50,000) . Few projects with the guaranteed rental income of up to 10 years due rot the shortage of beds and high demand.
Excellent short and long term property capital growth in Margarita is guaranteed due to both the arrival of international buyers and government incentives to build tourist resorts and facilities. A sustained increase in property prices in Margarita is due to internal demand, caused by macro-economic growth (petroleum,) and also due to external demand from foreign investment.
Margarita Island is a duty free island with no VAT, no Wealth Tax, no local Income Taxes and virtually no property taxes compared to Europe. The costs of buying a property in Margarita are very low compared to other islands and countries (property sales tax is only a 0.5%).
If you are looking to invest in bricks and mortar for capital growth and rental returns, then it’s time to consider the exciting new emerging property market of Margarita Island.
However, Margarita is not for everybody as it is an emerging market and only 20% of the island is built up. It is also Spanish speaking.
If you are looking for the Caribbean chic without breaking the bank, look no further than St. Marteen (Dutch part in particular). It is European Caribbean with a touch of class. You will find everything here - from the tax free boutique shops, gourmet restaurants (the island is known to be a gourmet capital of the Caribbean), night clubs, casinos. Properties are selling mostly off-plan and you can get a studio on the beach from development Barbaron from USD198k, family suite for USD 350k.
St. Maarten/St. Martin is the smallest island in the world to be divided between two different nations. The island is split between the Dutch and French, and the two cultures live very peacefully together on 37 square miles. In fact, the island's inhabitants are quite proud of their nearly 350-year history of peaceful co-existence. The island's two sides offer you the culture and lifestyle of both the Dutch and the French. There are approximately 35,000 inhabitants on each side of the island, and 82 nationalities are represented.
St. Maarten/St. Martin has 37 beaches with beautiful white sand. Water sports are available including in abundance; windsurfing, swimming, sailing, jet skiing, diving and snorkeling.
And what is most important no land taxes or capital gains taxes whatsoever!
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