Caribbean Real Estate Market Hotting Up
Property and tourism sectors in the Caribbean and Central America set to grow in 2015, according to the latest edition of The Caribbean Property Investor magazine
According to the most recent issue of 7th Heaven Properties’ annual magazine The Caribbean Property Investor, the Caribbean real estate and tourism sectors are poised for growth in 2015.
Analysis of trends in The Caribbean Property Investor magazine, indicates that the high quality of living, good value for money and stability offered by the Caribbean region has reinforced its appeal to property buyers and investors, particularly in the face of social, economic and political volatility in other regions.
According to Walter Zephirin, Managing Director of London-based 7th Heaven Properties which publishes The Caribbean Property Investor annually: “Many investment locations such as the Turks & Caicos, the Bahamas and the Cayman Islands experienced strong growth last year and we expect 2015 to be the year that the Caribbean real estate market as a whole turns a corner. A growth in enquiries from prospective buyers indicates a renewed confidence in the region and sales levels on many islands are returning to pre-crisis levels.”
Walter Zephirin added “Locations across the Caribbean and Central America are benefiting from an upturn in the USA, Canada and the UK, resulting in an increase in visitor arrivals, tourist spend and property sales. A growing pipeline of new projects, significant infrastructure investments and a thawing in relations between the USA and Cuba are also expected to provide an additional boost to the region.”