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Home » Finance » Real-estate » Guide to Buying Caribbean Property
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Guide to Buying Caribbean Property

Submitted by Benicio Brown
Thu, 19 Mar 2009

The Caribbean Islands! The very name brings out the sound of the swaying palms and the surf. The Caribbean Islands enjoy tropical climate, with warm and moist trade wind blowing from the East. These winds create rainforest and semi-desert conditions. The winter might find the northwesterly winds blowing in and warming the air. These weather conditions make it a wonderful place to live in. The Caribbean Islands are actually an archipelago with around 7000 islands strung together. This is prime land, and it offers many kinds of properties for rent or sale.

Be clear in your mind why you are thinking of buying Caribbean Property on the Islands. Would you be using the home that you are planning on, as a holiday resort, or as a place to retire in? Would you be looking for a place to work out of, or do business?

Before you begin your search, it would be best to fix your budget. Next, check out with the many property dealers in the Caribbean Islands what is on offer. It is also a wise thing to find out all the laws of the island where you are planning to buy land to build, or buy a home. Some of the islands are colonies of European nations, some are sovereign states, some are tied to the United States, and some are overseas departments or dependent territories. Of course, not all the 7000 islands are habitable.

There are many Caribbean Real Estate property dealers who will be ready to help. You will have to look out for those unprincipled dealers who will not get you the best deal and yet make you spend an exorbitant amount. Researching the real estate market will help you make an informed choice of property and a realistic purchase. There’s a company, for instance, who are specialist property dealers in Antigua, Barbados, Grenada, Nevis, St. Lucia, St. Vincent & The Grenadines, and Trinidad & Tobago. There’s another company, which have formed business connections with reliable property developers and have quite a few properties in the islands for investment. And finally, there’s another company that deals in real estate and has international property listings deals with homes for families, apartments, condominiums, villas, and all other kinds of residences in more than 36 islands, which include, Jamaica, Montserrat, the Cayman Islands and Martinique.

It would be a good idea to get to know all the fine print that governs the renting or buying, or maybe even selling of property in the Caribbean Islands. Some of the islands have strict restrictions on foreigners who are looking for property to buy. For example, if you want to buy Caribbean Property in Bermuda, Antigua, Bahamas, Barbados, St.Kitts, Nevis, and St.Lucia, you will need a permit or license. This is not so easy to acquire not to mention the cost factor.

As a discerning buyer, you will need to find out about the weather conditions. Except for the Dutch Islands of Aruba, Bonaire and Curacao, all the other islands fall in the Hurricane Belt. Naturally, if you decide to either build or buy here, you will have to keep in mind the damages caused by strong gales, rain and maybe even floods. Your Caribbean Real Estate maintenance costs will rise and you will have to build such that there is least amount of structural wear and tear due to these forceful weather conditions. Once you have found your dream Caribbean Property, get to know it.

Visit your Caribbean Real Estate property at all times of the day, to see how the light falls on it. If this is the first time ever that you are buying property, it wouldn’t be a bad idea at all to get an expert to come and critically look at the building with you. Getting to know the local people, the local culture always helps in the settling in process. Find out if there is some history connected with either the building of your choice, or the land where you intend building.

It all adds up to your making a good investment.

About the Author

Buy Caribbean property under the advice of http://www.harlequinproperty.co.uk/ , Caribbean and International Property experts based in the UK. Buy and sell properties in Barbados, St. Vincent, St. Lucia, Dominican Republic, and other Caribbean locations.


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