The Ultimate Guide to Investing in Trinidad & Tobago
Are you thinking about investing in Trinidad & Tobago real estate?
We have put together this guide for investors considering making an investment in real estate in the Caribbean and wondering whether Trinidad & Tobago might be the best place to choose to buy property, whether that might be a villa or apartment for personal use or a commercial real estate investment.
Here we take a look at the top reasons for buying property in the Trinidad & Tobago and for investing in this unique twin-island nation in the southern Caribbean.
7 Reasons to Invest in Trinidad & Tobago Real Estate
1. Politically & Economically Stable
2. Ideal Location
3. Growing Tourism Market
4. Straightforward Buying Process
5. Unspoiled Landscape
6. High Quality of Life
7. Friendly & Welcoming People
Investment Opportunities in Trinidad & Tobago
Find Out More About Investing in Trinidad & Tobago
From its strategic location to its idyllic landscapes, there are all kinds of reasons for choosing to invest in Trinidad & Tobago. Here are our top 7 reasons to invest in this nation of contrasts.
Since gaining independence in 1962, Trinidad & Tobago has emerged as a stable democratic nation with a parliamentary system modeled on the UK and an independent judiciary. The Republic is well integrated into the region, playing a key role in organizations such as CARICOM (the Caribbean Community). As the most industrialized and second-largest country in the English-speaking Caribbean, Trinidad & Tobago also has one of the largest economies in the region. In contrast to most Caribbean island nations, the country has a growing tourism sector but is not reliant on tourism. Trinidad & Tobago is a leading oil and gas producer, which has established the twin-island nation as a high-income economy (according to the World Bank) with the third highest GDP per capita in the Americas after the USA and Canada.
Situated in the southern Caribbean just 7 miles from the northern coast of South America, Trinidad and Tobago lies within easy reach of North America, South America and the rest of the Caribbean. As the most southerly island in the Caribbean, Trinidad & Tobago is strategically located outside of the hurricane belt. With two international airports (Piarco International Airport on Trinidad and ANR Robinson International Airport on Tobago), the country is easily accessible via direct flights from several key gateway cities including New York, Fort Lauderdale, Miami and Houston in the USA, Toronto (Canada) and London (UK) among others.
While Trinidad & Tobago is far less reliant on tourism than most other Caribbean islands, the country has recently invested significantly in cementing Trinidad’s reputation as “home to the world’s biggest street party” (Carnival) and Tobago as an “idyllic Caribbean escape.” As a result, visitor arrivals have increased significantly. In 2019, stayover visitor arrivals to Tobago surged by 8.2% compared to the previous year, rising to the highest level in 9 years. Visitor arrivals increased from several key markets, including Canada, Germany and the UK. The growth in tourism has driven demand for accommodation in Tobago, enhancing the potential for generating a returns from an investment in real estate.
Trinidad & Tobago welcomes investment from foreign property buyers, whether residential or commercial. The purchase process for residential property is relatively straightforward. According to the Foreign Investment Act 1990, buyers need not apply for a license to purchase property in the country unless purchasing over 1 acre of land. Given the government’s desire to diversify the economy and encourage foreign direct investment in non-energy related sectors such as tourism, there are various incentives in place for commercial investors. The Tourism Development Act, for example, provides a range of tax exemptions for tourism projects.
Tucked away in the southern Caribbean, Trinidad & Tobago is a nature lover’s dream. The country is blessed with long beaches, pristine rainforests, rushing rivers, cascading waterfalls and dense bamboo groves and mangroves. These diverse habitats are home to hundreds of species of flora and fauna: 700 kinds of orchids, over 620 types of butterflies, and roughly 100 types of mammals. There are, for example, 450 types of birds, including 17 species of hummingbirds, hence Trinidad’s former name as “the Land of the Hummingbird.” This bio-diverse country is also one of the top three nesting sites in the world for endangered leatherback turtles. The waters off shore are just as alluring, filled with an incredible variety of tropical fish, vibrant reefs and the world’s largest brain coral.
With such diversity of flora and fauna, pristine natural beauty and a fabulous, warm climate, Trinidad & Tobago is the ideal setting for enjoying all kinds of activities, including bird watching and turtle watching, diving and snorkeling on the colorful reefs and watersports such as kayaking, surfing and paddle boarding. The pristine rainforests are perfect for hiking, while the beaches are ideal for horse back riding (or just unwinding with a chilled drink in hand). For those who prefer to spend their time on the golf course, Tobago has 2 championship courses offering idyllic sea views. All in all, there is something for all the family.
The appeal of the country’s natural beauty and diverse lifestyle is complimented by the warmth and friendliness of its welcoming people. A unique cultural meting pot, Trinidad & Tobago is cosmopolitan and diverse, blending influences from the Caribbean, India, Europe, the Middle East and China. With such a unique cultural heritage, Trinidad & Tobago is known as the “Culture Capital” of the Caribbean. The annual calendar is filled with events and celebrations, most famous of which is the world-famous annual Carnival.
Summary: A World-Class Caribbean Destination
So, in summary, whether you are drawn to the vibrancy and energy of Trinidad or the natural beauty and tranquility of Tobago, the reasons to invest in Trinidad & Tobago are many and varied.
Our pick of investment opportunities in Trinidad & Tobago is this majestic parcel of 600 acres of beachfront land in King’s Bay, Tobago. The property features long golden sand beaches and unspoiled natural rainforest and represents a rare opportunity to own an exceptional property offering outstanding views, magical seclusion and safe anchorage for yachts. The site is therefore ideally suited for the development of a low-density resort with beachfront suites, and amenities such as a pool, spa, restaurant and bar, jetty, water sports and dive center, tennis club and gym.
Find out more: 600 acres of beachfront land for sale in Tobago
7th Heaven Properties is here to help you. We have the insight and advice you need to begin investing in Trinidad & Tobago real estate.
To find out more, contact 7th Heaven Properties, the Luxury Caribbean Property Specialist.
We look forward to working with you and helping you find your perfect property in Trinidad & Tobago.