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The Caribbean market property only really began to receive attention from outsiders some 30 to 40 years ago, but since then there has been a massive increase in property prices. Many properties in some of the more sought after islands are even more expensive than houses in the UK, which is perhaps one of the more expensive property markets of Europe. The prosperity of the area is firmly fixed on the tourist trade, and as this continues to take in some of the lesser known islands, the changes island by island are there for all to see. The Caribbean is the type of area where we see millionaires acquire whole islands for themselves, often creating their own paradise which is then rented out to the ultra wealthy of the world.
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The buying process in the Caribbean has been greatly simplified over the last few years, with little or no restrictions on foreign ownership - although the exact process and guidelines can differ from island to island. The relative authorities were very quick to pick up on the tourist trade and the attractions of the weather and life style to many expats, who maybe have money to invest overseas. |
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The watch word in the Caribbean property market is tourism , and while the market has grown exponentially over recent times, there is much more to come from this beautiful area of the world. As prices in some of the more fashionable areas are pushed to ridiculous levels, it seems inevitable that investors will cast their nets wider to some of the more untouched islands. |
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Caribbean 
