The Caribbean region spans a million square miles and stretches from The Bahamas in the north (a short distance east of Florida) all the way down to the ABC Islands (Aruba, Bonaire and Curacao) in the south which lie just off the coast of South America.
The islands vary considerably from one another in terms of culture, politics and economics.
As you would expect, the region’s property market is equally diverse. While some islands have a relatively small and quiet market, others are currently experiencing a surge in activity offering huge opportunities for investors.
Deciding on where to invest in Caribbean realty really depends on your personal preferences, what is driving your decision to purchase and the appeal of the opportunities on offer in the various destinations.
Are you looking for a vacation home that could also generate some extra income when you are not in residence? Perhaps you are thinking about acquiring residency through investment in real estate? Or are you looking for a place to retire in the sunshine?
These are all important questions to consider when planning to buy real estate in the Caribbean. But, to get your started on your search, here are 7 of the best real estate investment opportunities in the Caribbean’s hottest markets that you need to know about.
Aruba – US $230,000
Located between Eagle Beach to the south and Malmok to the north, 2-mile long Palm Beach is one of the most in-demand destinations on popular winter sunshine island Aruba. Its white sand beach-fringed shores are the setting for many of the island’s leading hotels, casinos, shops, beach bars and restaurants, while its waters are popular for swimming, snorkeling and water sports. This condo is located just a 10 minute walk from buzzing Palm Beach within a well-established condominium resort. It’s ideal for vacations in Aruba. So, if you are on the look out for affordable Aruba realty in the heart of the action, this unit would be hard to beat.
Read more: Condo for sale in Palm Beach, Aruba
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Dominican Republic – From US $287,355
The Punta Cana area is the leading tourism destination in the Dominican Republic. Roughly three quarters of the 5 million odd annual overseas visitors to the Dominican Republic head to its hotels, villas and apartments each year for fun in the sun. As a result, accommodation is in high demand and condos such as this offer investors huge potential for a rewarding Return on Investment. In fact these condos are located within one of the most successful condominium resort developments in Punta Cana. The condos offer very attractive returns, direct access to the beach and a superb collection of amenities and tax benefits. It’s therefore no wonder that only a handful remain available to purchase.
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Jamaica – From US $350,000
Situated in Reading just west of Montego Bay, these condos are located in the Jamaican tourism capital’s newest condo development. The property boasts beautiful Caribbean Sea views and amenities ranging from a lap pool and splash pool to gym and reception lobby. The interiors have a contemporary open plan layout and huge windows and glass doors to bring the outside in. What more could you want from a full time home, second home or vacation home in Jamaica?
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St Lucia – US $435,000
Set along a stunning white sand beach on the northwestern coast of St Lucia, The Landings is one of the only resorts offering beachfront apartments for sale on the island. With an asking price of US $435,000, this is one of the most affordable units available. Benefiting from a 7,000 square foot spa, health club, restaurant, 800 foot beach, marina and yacht and tennis club, The Landings is absolutely perfect for family vacations. Thanks to its very successful track record and established reputation, investing in these units also offers the opportunity to earn high returns via the rental pool when your unit is not in personal use.
Read more: Apartment for sale at The Landings, St Lucia
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Cayman Islands – From US $522,000
With a stable economy, strong tourism sector and world renowned beaches, the Cayman Islands is one of the most popular real estate investment locations in the Caribbean right now. For many buyers thinking of investing in realty in the Cayman Islands, only Seven Mile Beach will do. However, due to the very high level of popularity, prices for property in Seven Mile Beach can be out of reach for some. The high quality residences for sale in this resort development offer the opportunity for investors to snap up their own slice of Seven Mile Beach with a more modest budget but without sacrificing quality. Asking prices for residences start at US $522,000 for a studio. Located steps from the beach, all residences enjoy use of all the resort’s amenities and benefit from the option of being placed in the resort’s rental pool. All in all, this represents tremendous value for Seven Mile Beach real estate.
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Bahamas – From US $800,000
Located practically a hop, skip and a jump from Florida in the USA, the main island of New Providence in The Bahamas is one of the most accessible destinations in the region. The benefits of the archipelago don’t stop here. Not only are the islands easy to get to, but they also offer world-class beaches, some of the clearest waters in the world (perfect for swimming, snorkeling, diving, fishing and sailing) and very high quality real estate. These condos are located in a beachfront resort which is one of the very best. Besides the sparkling beach, it has a spectacular marina, pools, tennis courts and many other amenities – perfect for vacations in The Bahamas. The condos make great financial sense too – investors are expected to benefit from significant rental income as well as property price increases in the medium term.
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Turks & Caicos – From US $1,150,000
Rounding out our list of places to invest in Caribbean realty, are the brand new Andaz Turks & Caicos Residences at Grace Bay. The 5.5-mile pristine white sand Grace Bay Beach is widely considered one of the best beaches in the Caribbean, if not the best and these residences are its most chic new addition. The residences boast stylish interiors, stunning beach and ocean views via huge glass sliding doors and very high quality finishes throughout. Add to that, a superb collection of amenities and services provided in the unique style of Andaz Hotels and you have one of the most exciting new developments in the Turks & Caicos Islands.
Read more: Andaz Turks & Caicos Residences at Grace Bay
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Finding Caribbean Realty That is Perfect for You
So, whether you are looking for a vacation home in one of the Caribbean’s top destinations, an income-generating investment, an opportunity to obtain citizenship by investment or a place to retire, there are plenty of destinations to consider from across the region.
To begin your search for realty in the Caribbean, contact 7th Heaven Properties, the Luxury Caribbean Property Specialist.
To discover more, explore real estate in the Caribbean on our website and find your perfect property with 7th Heaven Properties.