No one has to be convinced that the Caribbean is a great vacation spot. This is a true standard of "earthly paradise" with white beaches, coconut trees, blue ocean and hot sun. However, a potential buyer of a vacation home in the Caribbean will immediately feel the difference in the quality and value of real estate, living standards and even visa policies of the states of this region. Barbados Barbados is the most economically developed island in the Caribbean. Due to the coral structure of the coast, the water off the coast is very clean, the climate of the island is considered one of the healthiest in the West Indies, the air and water temperature practically does not change throughout the year and is kept at + 26 ... + 28 ° C. The best beaches are located on the western coast, while the eastern, oceanic shores are less popular due to the strong surf. Local real estate agencies are happy to say that even during the crisis, the island's small luxury real estate market remains stable. According to the company Cluttons Barbados, over the past year, as in previous years, real estate in Barbados has risen in price by 10-15%. An important role in this is played by political stability and a low crime rate, and most importantly - the absence of restrictions on the purchase of housing for foreigners, the absence of a tax on real estate transactions with the participation of non-residents and a limited supply. One of the successful projects is the Royal Westmoreland Golf & Country Club, located on a hill near the city of St. James. Here, on 300 hectares of protected area, there are apart-hotels and townhouses with panoramic views of the ocean or the surrounding gardens. The resort has a gym, swimming pool, beach club, spa, and most importantly - its own international class golf course with 18 holes. The first phase - The Royal Apartments - has already been built and sold, the second and third phases - The Residences and Ocean Drive - are almost complete. The British real estate agency Cluttons Resort offers apartments at a price of $ 515,000. In addition, there are exclusive villas on the first line from the golf course, they cost from $ 3.5 million. Famous football players Wayne Rooney, Gary Lineker, golfer Ian Woosnam and singer Cliff Richard. Payne's Bay is considered the most fashionable resort on the west coast. Prices for apartments at the luxurious Waterside Apartments start at $ 658,000. All rooms have balconies and Jacuzzis with marble floors and coral walls. The hotel has a large swimming pool and underground parking. In the south of the island, between the expensive west and the less popular east, there is the St. Lawrence Gap, whose beaches are famous among surfers and bustling lovers. Local hotels, restaurants, bars, shops and discos offer a great time, including the night hours. In St. Lawrence Gap has many new and under construction residential complexes, moreover, real estate is somewhat cheaper than on the west coast. The cost of a one-bedroom apartment starts at $ 350,000. Dominican Republic The most popular country among Russians in the Caribbean is the Dominican Republic, which occupies most of the island of Haiti. It's easy to imagine the local landscapes - just revisit Jurassic Park, some scenes of which Steven Spielberg filmed in the Dominican Republic. Tourists mainly come to the southern coast of the island and to the eastern resort of Punta Cana, where there are direct flights from Moscow. However, according to Juliet Kassirova from Century 21 Prime Time Realty, the south is good for seasonal vacations, and for permanent residence it is better to choose the northern coast - the resorts of Puerto Plata, Cabarette. There is a developed infrastructure, more opportunities for entertainment, a milder climate, and most importantly, hurricanes do not reach there. Real estate prices start at $ 1000 per sq. m, and from $ 2500 - if this is the first line from the sea. It is very inexpensive for this region, so the crisis has hardly affected the cost of housing. Downward movements occur in the case of urgent sales and amount to about 10-15%. Attractive prices, no restrictions on the purchase of real estate by foreigners, including land plots, low real estate taxes, visa-free entry into the country, good development prospects and active construction of residential and hotel complexes - these are the main reasons for Russians' interest in the Dominican Republic. The disadvantages include a large gap in the level of income of the population and, as a result, noticeable social tension. Therefore, realtors advise buying real estate in secured complexes with their own infrastructure and management companies. Among the major development projects is the Costa BayanA complex of French investor Pierre Schnbelen, who has acquired several thousand hectares of land on the northern coast, close to the border with Haiti. There are plans to build luxury villas and condominiums, a large yacht marina, golf courses and more. On the east coast, near the Punta Cana airport, there is a large-scale Cap Cana resort with a marina, golf courses, hotels and residences. Other developments include Donald Trump's Trump Farallon Estates, which is under construction. Jamaica The real estate market of Jamaica, the third largest island in the Caribbean, is less developed and undervalued. The island is famous as the birthplace of reggae, Bob Marley and Rastafarianism - a variety of Afro-Christian religion. Among the numerous flowering plants on the island, 200 species of orchids grow, more than 20 species of birds live only in Jamaica. The north coast of the island is called the Jamaican Riviera: the magnificent beaches around the city of Montego Bay are ideal for relaxation. And while the country's economy is still supported by the export of rum, bauxite and the famous Blue Mountain gourmet coffee, tourism still generates the bulk of the revenue for the government. In addition to the magnificent nature and low cost of living, very affordable prices are becoming an argument in favor of buying a home in Jamaica: housing here is, on average, three times lower than in Barbados. There are not many quality real estate in Jamaica, so more than 60% of properties are sold at the construction stage. Rental income in Jamaica often exceeds 10%. There are also a few luxury projects here. At the fashionable resort Goldeneye, in the vicinity of the city of Oracabessa in the north of the country, several luxury villas are for sale worth from $ 560,000 to $ 2.4 million. The heart of the resort is the house in which Ian Flemming wrote the epic about Agent 007, and the villas of the famous hotel, where stayed Johnny Depp and Bill Clinton. Another notable resort is Half Moon Resort on the northeast coast, in the vicinity of Montego Bay. At the moment, The Colony project is being implemented here, which involves the construction of 30 magnificent residences at prices ranging from $ 2.25 to $ 6 million. the whole.
Caribbean triangle
01.05.2010
Author: Marina SHONIA, David HOPPIT
126
Caribbean Islands all year round attract tourists from all over the world, and after the holidays in Jamaica, Barbados or the Dominican Republic, many have a desire to buy a house under the palms in this very diverse region.
According to the online portal Global Property Guide,
Homesoverseas.ru editorial office
in December 2008 – January 2009 average prices for apartments of 120 square meters with all the comforts and repair, held not more than five years ago, on the secondary housing market in Barbados, the Dominican Republic and Jamaica were:
Discussion

Subscribe to new comments