Yeah your right oversupply should be a concern, it must be a terrible feeling having bought a really nice property and not being able to raise an income from it.
This goes back to buying in the right areas though, are the tourist and rental markets growing, what similar projects are near by, what type of people will be renting or visiting here. You often find you can negate most of your concerns if you, or the development you are interested has done the right homework.
Economic concerns, i guess will effect us all, but i am sure it will not prevent the rich or super rich americans from taking holidays. Luxuary markets tend to hold up alright, although the rate of increase might slow up a bit there tends to always be a demand if built in the right spots
Actually i know people who are really think there will be a lot of Americans investing in growing Caribbean property now rather than keeping their money in the USA
send me a PM or message if you want to some info.
All the best,
mark
QUOTE=AnotherPropertyGuy;24699]A friend who lives in St Marteen said it is become overdeveloped so oversupply is one concern I would have in the Caribbean. The slowdown in the US may also contribute to lower demand.
Having said that, suggestions of specific places would be very welcome Mark![/quote]
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