The Caribbean Basin is finally witnessing a slow return to normalcy regarding its real estate sector. During our 28 years addressing the region, Resort Consultants has prepared numerous analytical studies encompassing development trending, buyer motivations, transactional analysis, and market studies among our many applications.
Within this current market we observe several vital indicators for the immediate future.
During the past several years numerous investor syndicates, hospitality groups, and foreign governments have found the Caribbean to be a relatively untapped area for development and investment. Governments from across the globe have ventured here to invest in infrastructure, inclusive of airports, marina facilities, and utilities. These governments have also been a source of credit. Participants include China, Japan, Australia, and South Korea, among others. Of course, the US, UK, Canada, The Netherlands, and France have historically been involved, but other countries are having a profound impact.
And, following the lead of their governments numerous new travelers and individual investors are now investigating the Caribbean Basin – many for the very first time. A high percentage of this new interest finds the region generally quite pristine and appealing. With airlift beginning to improve their numbers will certainly accelerate. Combine the esthetic appeal with the fact that certain destinations enable foreign buyers and investors to attain the potential benefits of Economic Citizenship and a blossoming economic climate is a distinct inevitability.