Caribbean Investment

[awahee123]

If I was looking for a good investment within the Caribbean, where would you recommend ?.
Have you invested in any part of the Caribbean?,please provide information on where.

[awahee123]

Hi people,
Nobody have any advise on the Caribbean?

[Pete608]

Hi,
I am also looking and am considering the Dominican although I'm unsure as yet. Still trying to get a feel for the entire market. Let me know if you find out anything. I am going to the DR in January to look around.

Pete

[awahee123]

Hi Pete,
I will keep you posted if I find anything out.
Please let me know what happens in January.Thankyou

[florianvilla]

Originally Posted by awahee123

If I was looking for a good investment within the Caribbean, where would you recommend ?.
Have you invested in any part of the Caribbean?,please provide information on where.

There are a lot of good deals in St. Thomas and St. Croix. There are also direct flights from Chicago, Boston, Miami, and other major cities right to St. Thomas and land is relatively cheap. Also if you rent, you don't need a passport to fly there, which is a big bonus. A lot of the other islands you have to fly through Puerto Rico which is not that bad if there is no layovers.

[awahee123]

Hello florianvilla,

I am based in the uk so the above rules would not apply to me,however you say st.thomas and st.croix are reasonably priced,what type of properties are best to invest in at these particular areas?,also what kind of prices are we looking at?.

[Hooked Cabarete]

Also from the UK and the rest of Europe you can find plenty of direct flights to the DR. A lot of them are charters like Thomas Cook. From the Netherlands only, there are flying down 4 or 5 flights a week.
A hot area to invest in at this moment is the Cabarete area. There is a lot of development going on and the market is booming. A lot of investors are investing here.
There is a lot of condo construction going on but the town still has that laid- back atmosphere.
I am living here now for 3 year and own a small scaled hotel which is running great. We recently builded some more apartments since we could not handle all the clients who wanted to visit our place. We are looking for a new challenge and are selling the hotel, but we had a great time and some wonderful years here in Cabarete.

[awahee123]

Thanks for the info all your information is well appreciated.

[florianvilla]

Originally Posted by awahee123

Hello florianvilla,

I am based in the uk so the above rules would not apply to me,however you say st.thomas and st.croix are reasonably priced,what type of properties are best to invest in at these particular areas?,also what kind of prices are we looking at?.

They are reasonably priced compared to St. John. Everyone loves St. John where a nice 3 bed 3 bath villa with good access is worth 1.2 maybe a little less. For the same money you can get a real villa, like 5 beds and 5 baths on literally an estate. But it is hard to rent on St. Croix. The prices are coming down on all 3 of the U.S virgin islands but St. Croix is the one that you could name your price. St. Thomas is a more happening island however has an office max, a home depot, basically the states. The prices are dropping but not in the nice area. I just bought a villa in St. John and I payed 1.2 million and it is not hard to rent just for the mere fact that St. John is 2/3 National Forest. With the dollar weak, I would look at these 3 islands before Jost, Tortolla, and Norman.

[florianvilla]

There are also condos on all three islands really cheap.