Off plan Caribbean property investment could continue drawing good returns thanks to the region’s comparative stability, specialists have said.
While many housing markets have seen heavy hits from ongoing world financial trouble, investment buyers are still dipping into some exclusive areas in significant numbers.
Sales in many parts of the Caribbean have been steady in recent months, agents have claimed, while markets like the UK have been seeing a sharp drop off in investment.
Les Calvert, director of Property Abroad, said: “High end properties in places like the Bahamas and Barbados are not seeing the same level of price drops as almost all the rest of the world.
“While Bahamas property is predominantly the forte of rich holiday home buyers, off plan properties like Pagoda Beach are undoubtedly capable of generating significant return on investment.”
The Pagoda Beach development is in Great Exuma, Bahamas, and is described as the “epitome” of Caribbean luxury property.
Homes here are going for starting prices of £237,500 ($328,454) and feature private roof terraces and sea views, set in landscaped gardens and with access to an infinity pool.
The firm added buys like this are a good investor move as similar completed homes are selling for more than £400,000 ($553,037).
Rental returns are also seen as key to buying investment homes in the Caribbean – with similar homes in the area of Pagoda Beach let at £699 to £839 ($966 to $1,160) per week.
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