Terra Caribbean - Blog

What can $2m buy today? January 2018

Tuesday, January 23, 2018 | By Terra Caribbean
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House and money

This time last year, with a declining economy, we examined what $2m bought for the years 2007 to 2016.

As 2017 progressed, with a further contracting economy and a minor but impactful depreciation of the TT dollar, we look back at how these radical changes affected the Residential Sale market, with a snapshot of What $2m can buy today in different parts of the country.

Above all else, this is a geographical comparison of the Residential Sale market in the latter half of 2017. These are actual examples of properties sold which are the market prices at the given time period.

It must be noted that each area of Trinidad is varied and diverse and subsequently, yield vastly different price ranges. Extrinsic factors such as the property’s location within in a secure or gated development, proximity to city centres or the perceived prestige of the area play a large role in determining the market price of the property.

As such, the exact same house in the West will not be the same price if it were located in the East. However, regardless of location, it is telling what $2m can buy in today's market.

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