A high-profile Caribbean property developer has introduced a six per cent per annum rental guarantee for two years as it looks to attract new investment.
The Landings, St Lucia, acknowledged some off plan investment buys could be risky in the current climate with some projects being put on hold.
But it said the island was one of the few places in the world still offering capital appreciation opportunities and good rental yields.
The scheme is now in its third phase of development, and offers town house and apartment real estate with access to almost 800 feet of picturesque beach front.
The scheme’s director of sales, Oliver Gobat, said: “We have introduced attractive commissions on phase three properties, discounted stays for clients and money back inspection trips, if the client purchases.”
St Lucia is seen as an investment hot spot by some buyers as property prices are around half those on Barbados, with The Landings adding the World Bank has identified the island’s real estate market as still being at an early stage.
Other incentives at The Landings include a six per cent annual rental guarantee for 24 months for those buying as an investment.
Featuring a private harbour as well as its own beach, the scheme offers real estate opportunities from $550,000 to $2.4 million.
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As an investor in this property I would ask anyone that told me that it is a great place to buy. The units are very comfy and relaxing and the location is perfect.
The Landings however is loosing money according to their current owner’s report, so I would be a bit skeptical and take that 6% guarantee with a grain of salt.