Focus On St. Lucia Real Estate
Caribbean Real Estate is the new buzz for savvy investors looking for a second home abroad.
St. Lucia is currently poised on the brink of take off and now presents opportunities for those who are inclined to get on board without delay.
Five years ago St. Lucia was a quiet little island fairly far down the Caribbean island chain. St. Lucia has always been a more difficult island to get to compared to her northern neighbours Jamaica, the Bahamas or Antigua, just to name a few.
Then in 2005 Oprah Winfrey's Magazine, Oprah, listed St. Lucia and her Pitons as the number 1 place that everyone should visit in their lifetime, and St. Lucia suddenly sprung to life!
Literally overnight St. Lucia went from having one and a half golf courses to suddenly fourteen courses earmarked for construction as disclosed by a recent unconfirmed report.
And these are no ordinary golf courses, but instead signature greens sporting the names of Jack Nicholas and Greg Norman, among others. And as if that weren't enough, a number of these courses are just the anchor to the luxury properties that they are a part of. Properties such as Le Paradis, on St. Lucia's previously under-utilized east coast, Windjammer Landing's 'Private Resident's Club', Raffles, and The Ritz-Carlton St. Lucia, just to name a few.
So come with me as I share just a few of the reasons why the perfect time to buy Island Real Estate here in St. Lucia, just might be now:
1. St. Lucian real estate is still relatively inexpensive and set to appreciate significantly as a consequence of certain excellent initiatives undertaken by the previous government and now being continued by the current administration. Primary among these are St. Lucia's much improved road network, improved water distribution, especially to the north of the island and St. Lucia Electricity Service's recent strategic expansion of its electricity delivering capabilities.
2. St. Lucia is a very stable island nation practicing the Westminster Model of Parliamentary Democracy.
3. St. Lucia's laws allow for the easy acquisition of property by foreigners through the issuance of an 'Alien's Land Holding License' and property is available for FREE HOLD purchase.
4. The fact that such a diversity of massive projects has been undertaken here in St. Lucia is a clear indication that both the investors as well as both of St. Lucia's political parties are committed to St. Lucia's growth and development through this new wave of luxury accommodations.
5. It is important to note that the preceding points have all contributed to the creation of a climate of opportunity the likes of which has never existed in St. Lucia before.
6. With the American dollar losing value, St. Lucia has suddenly become a fantastic safe haven for capital relocation, as the appreciation of prime St. Lucia real estate becomes the perfect hedge against a weakening dollar.
7. And for the European, Canadian, British and Far Eastern currencies that have suddenly gained value, real estate in St. Lucia has never been as attractive, not to mention easy to acquire.
8. Suddenly it is clear that whether your currency is gaining or losing value, St. Lucian real estate is a perfect vehicle in which to park your money, not only to protect it from currency revaluation, but also to facilitate its easy and effortless appreciation.
9. And here are 2 added benefits - With all of the resorts being built in St. Lucia we will soon attract a class of visitor who wishes to stay at a private villa that's close to these world class resorts. And this, in and of itself will create an opportunity for you to build an income property that suddenly adds more value to your already well parked money.
10. And as if that weren't good enoug - How about purchasing 2 adjoining properties and building one villa that will be your private residence here in Paradise, then building a second one that will be rented. By utilizing this strategy you could, quite literally have Free Residence here and so make St. Lucia truly your Paradise Island!
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