Investing in St Lucia Real Estate
St Lucia represents an excellent real estate investment opportunity, with the island experiencing strong growth in both the property and tourism sectors. There are many different types of property in St Lucia, with everything from resort developments, villas, and condos, to commercial properties or beautiful land with fabulous views.
There are few places in the world right now that are taking off like St Lucia. With its combination of unspoiled beauty, crystal clear waters, golden sand beaches and of course those world renowned landmarks: the Pitons, it has always been a mecca for holiday makers in the know looking for a slice of paradise in an exclusive, luxurious environment. Now the rest of the world is waking up to what a fantastic destination St Lucia is, and the island is now attracting a great deal of media attention and overseas investment. According to the New York Times St Lucia is listed as one of the “top places in the world to visit in 2008”
Several of the world’s most renowned luxury hotel brands, including Raffles, Ritz Carlton and Starwood Westin at Le Paradis have spotted St Lucia’s potential and are flocking to the island, which over the next few years will boast the opening of several five star resorts, signature golf courses, and luxury marinas. But with much of the island protected as a world heritage site or national trust, St Lucia will always retain its unspoilt charm and natural beauty.
The government of St Lucia are extremely committed to St Lucia’s continuing growth as a luxury destination, and have invested heavily in the island’s infrastructure to support the development taking place and attract overseas investment.
There is an increasing amount of airlift coming into the island, with daily direct flights to St Lucia from the UK, USA and Canada and great air links with the rest of the region. The government has also granted favorable tax incentives to overseas investors, including no rental income derived from property for 15 years.
With a stable currency pegged to the US dollar, and a stable government belonging to the British Commonwealth, buying property in St Lucia is a fantastic investment, where you can expect to see not just healthy returns on investment but great capital appreciation over the coming years.
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