Caribbean sunshine attracts global property investors

Published on October 18, 2011 by Ray Hughes · No Comments

Stunning beaches, terrific service and generally luxurious surroundings mean the Caribbean remains one of the most attractive regions for global property investors in the world.

The Caribbean remains perenially popular with investors everywhere

Although demand may have fallen slightly in recent times, that can be put down to the global financial problems which have affected property sectors everywhere.

Barbados remains the jewel in the Caribbean crown, with one-bedroom flats in the area costing as little as £125,000. Tourism also remains the country’s leading foreign exchange earner at the moment.

The other end of the budget range can initially seem quite eye-watering, but if you have the means to invest it could be worth a gamble with the market weak practically everywhere.

One major tip if you are planning to invest in the Caribbean involves the listing agents you will be dealing with.

Agents including Knight Frank and Sotheby’s will have affiliate operations on the various Caribbean islands. By using these well established outfits you can avoid some of the more common pitfalls associated with using small estate agents who operate in quite an informal fashion.

With neighbours such as Joe Calzaghe, Rio Ferdinand, Gary Lineker and Wayne Rooney, you will certainly be in esteemed company.

So, if you like the idea of sun, sand and sea all day long, and you have the funds to invest, a Caribbean investment could prove to be a fruitful enterprise in the long term.

Transfer Money to Barbados

If you are looking to invest in Barbados, think carefully about how you will be transferring money to Barbados. Foreign currency exchange rates quoted by banks are almost always worse than the exchange rates available through specialist currency dealers.

So if you are sending money to Barbados – which you will inevitably have to do if you are looking to make a property investment, be sure to compare the market before you buy your overseas currency.