St Lucia investment still thriving
One of the most up and coming countries in the Caribbean, St Lucia is famous for its lush countryside. With its great tax incentives more and more investors are taking an interest in this country.
Independent real estate investment consultants Crystal Investment and Real Estate highlights; St Lucia has fast become a hotspot for property investment with the world bank placing it in the top 30 countries in the world to invest. Over the last five years property prices have more or less doubled. In 2006 alone prices rose on average by 15% to 20% but value for money is still exceptional compared to neighbouring Barbados as properties are still as much as 65% less expensive. This is a significant statistic as St Lucia still offers the same advantages as Barbados.
Luke Smith, Managing Director of Crystal Investment and Real Estate comments: “This beautiful and tranquil island has seen a yearly increase in the number of tourists. The growing popularity of this environmentally aware island as a holiday destination means that there is excellent rental potential for properties where the average hotel occupancy rate is nearly 70%. Up to August of this year there had been an arrivals increase of 7.6% year on year. Everything indicates that the St. Lucia property market is a sound investment!
Crystal Investment and Real Estate is offering investors the opportunity to invest in a property at the exclusive Palm View Resort in Fond Bay on the East Coast of St Lucia. Priced from £237,868, the properties at Palm View Resort offer true 5 star luxury and an excellent return on investment.
Clients of Palm View Resort can take advantage of extremely favourable payment options. 100% finance can be arranged for all clients along with guaranteed rentals for up to 25 years, cur¬rently offering an 8% return. St Lucia is a tax haven with no VAT, no Capital Gains Tax, no Inheritance Tax or Estate Tax. The island’s tropical climate makes it a year-round destination which ensures continually high occupancy rates and in turn, exceptionally high rental yields.
Palm View boasts spectacular views of the Atlantic Ocean and the location is the ideal setting for a resort which offers world class amenities against a tranquil and breathtaking backdrop. The 230 private beach suites all benefit from a 24-hour concierge service and private butler upon request.
As would be expected of an exclusive resort, the properties are finished to a superb specification, with stylish, comfortable furniture and fittings selected by an award winning interior design team. The overall development has been designed to preserve the unique local ecological environ¬ment with conservation, sustainability, energy efficiency and eco-awareness as major factors.
Apart from the exclusive private beach club, there is a multitude of activities for visitors. For the sports minded there is an Ernie Ells designed golf course, tennis court and water sport centre, whilst for those who prefer to relax there is a stunning spa and a range of boutique shops in which to browse. In the evenings guests can choose from a selection of bars and fine dining restaurants followed by a film, play or visit to the casino.
St Lucia is renowned for its natural beauty with its rainforest, mountains, waterfalls, secret coves and long sandy beaches. The warmth of the Caribbean sun is matched by the welcome of the friendly St Lucians, whose rich and colourful Creole culture is reflected in music, dance and tempting island cuisine.
For further information on Palm View or any other investment opportunities, visit investmentandrealestate.com.
