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Saint Lucia

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Why Invest In Property In Saint Lucia

Saint Lucia is an island that is experiencing growth right now – a rarity for a Caribbean island, but this one has never relied wholeheartedly on tourism as a source of income. As the world has changed, it has forced the St Lucian government to change how they operate and there has been an impetus placed on increasing tourism and encouraging foreign investment. As a result of all this, there are still bargains to be had – though not everywhere – and the potential for growth in the value of properties is high, with values increasing by around 40 percent in some areas over the last few years.

The Northwest of the island is where the majority of the touristy areas are, and as a result property prices are generally quite high – there are already many luxury homes littering the beachfront. Nevertheless, an intrepid bargain hunter could find something that wets their whistle, even if it isn’t incredibly cheap. Elsewhere on the island is where most of the bargains will be found, and the potential for cheap, or at least affordable, investments is much higher than that in other nearby Caribbean countries. The incentive for foreign investment put into motion by the government means that more and more properties are being snapped up and built, and prices are constantly raising – now is the time to get in on the action, as soon enough the market in the country will be the same as those in other Caribbean islands, and all the bargains will be gone.

Saint Lucia is seen as one of the jewels in the crown of the Caribbean, and the beautiful island has an incredible assortment of friendly people to match. The potential for returns on investments are high, and any potential off plan buyer could find something worthwhile on the little island.

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