The Best Caribbean Islands To Invest in Real Estate
There are many beautiful paradisiac islands to look at when you’re ready to acquire new property. You’ll want to explore the characteristics that make each of them special and, when possible, check off several boxes on your list of needs. For example, paying attention to the laws and restrictions for non-residents, the location in regard to tropical storms, whether the area is up and coming, and what kind of crowd it’s draws are all essential items to consider. The best Caribbean islands to invest in real estate will depend on what you’re looking for.
Investing for Profit
For buyers looking for homes and properties that they can rent out to vacationers, you will want to look at places with the ability to generate high income. For example, locations such as the Dominican Republic have a highly developed sector for tourism that welcomes visitors from overseas.
The Dominican Republic is quite a popular place, so due to a large number of tourists, new resort developments are always on the horizon. As such, there is plenty of opportunities to buy a villa or condominium to rent out. However, with this comes competition and potential overcrowding. So, places like Barbados, which is lesser-known, might also make a good investment—even as interest grows, there will still be some seclusion from the hustle and bustle of tourists.
If you are looking to acquire real estate and gain citizenship to a country, there are several island nations that offer Citizenship by Investment programs. The program, however, does have costs and fees, and the benefits differ between locals. Some of the islands that offer this include Antigua and Barbuda, Dominica, Grenada, and St. Lucia.
There are other islands that offer foreigners the ability to reside there with very few hoops to jump through. For example, you could easily buy Barbados real estate, as they welcome overseas investment buyers and provide them with the same rights as Barbadian citizens. Additionally, the 12-month Welcome Stamp program they have in place makes it easier for people to visit you for up to a year (if they are accepted), and you can reapply after the year is up.
Luxury Living and Beaches
When searching for fine homes and luxury living surrounded by idyllic golfing, shopping, and restaurants—all without losing the privacy that comes with a beachfront property—turn your attention to places like St. Barts, Turks and Caicos, or Barbados. With breathtaking beach views paired with ultra-luxurious homes, there is much to be said about these options being some of the best Caribbean islands to invest in real estate. Be sure that as you look to purchase island property, you’re accounting for the type of area, the growth potential, all while finding a place that caters to your needs.
We at Terra Caribbean understand that there are many beautiful places to establish roots in the Caribbean; each island comes with unique features. When you’re creating your list of possibilities, consider Barbados as an exquisite backdrop for your luxury property with amazing amenities, growth potential, and many opportunities to make money on investments while making your dream of living on an island come true.