Real estate on the Caribbean islands popular with wealthy buyers

Despite the fact that the market for Caribbean real estate experienced difficulties because of the financial crisis, now the number of requests from foreign customers is growing every day, according to the online source Property Wire , citing data from the recently published report of the company Knight Frank. The number of foreign buyers in the luxury segment of the Caribbean real estate market is about 85%, the majority of transactions falls on the island of Grand Cayman. Especially noticeable increases activity in the housing market from the Caribbean islands of wealthy Russians, the residents of the CIS and Latin America. Improving US economic situation at the end of 2012 will positively affect the housing market in the Caribbean. Experts point out that since the beginning of the crisis luxury real estate here fell by 10-20%, but now the fall in prices slowed down, and in some areas we can expect a rise in prices in 2013 HomesOverseas.ru