Why Invest in the Caribbean
Updated: Jan 24, 2019
If you’re thinking about where to invest in your next holiday home -why not consider heading down to the Caribbean Islands?
In this tropical paradise, where the sunlight glitters on the turquoise water, you’ll find natural beauty, great weather, rich culture, and plenty of fantastic real estate opportunities.
Here are some of the reasons why the Caribbean is such a prime spot for investment:
The Lifestyle is Laid Back
It’s hard not to fall in love with the slow-paced, sun-soaked lifestyle of the Caribbean. There’s no rushing around and no stress - which can be a huge relief from our high-pressure society.
Time seems to move differently on these islands, and there are plenty of hours in the day for walking along the beach, lingering over meals with family and gently swinging in a hammock. This laid back lifestyle draws many people to the Caribbean for vacations and retirement.
The Weather is Gorgeous
Long sunny days, breezy, balmy nights… the weather in the Caribbean is divine. Although there are wet and dry seasons, the climate is enjoyable all year round. It’s possible to enjoy outdoor activities all throughout the year here, from snorkeling to horseback riding to hiking and more.
This means that, while there will be some fluctuations based on seasonal travel demand, you will be able to entice visitors to your vacation rental no matter what time of year it is.
It’s Easy to Access
Many Caribbean Islands are only a short flight from major transport hubs in the USA and Canada. For example, the gorgeous Bahamas are only a one hour flight from Miami!
Your vacation rental property will be easy for visitors to access and the close proximity and familiarity will be welcoming. This is an advantageous factor whether you are investing for buy to let purposes, or for your own personal use.
Tourism Is Hot
The Caribbean is one of the most desirable vacation destinations in the world. Tourists from the UK, Canada, the USA and all over the world, are drawn to the sunny weather, pristine beaches, low crime rates, well-maintained roads and good transport. This means that your vacation rental property will be highly sought after.
Due to this increasing demand, more airlines are scheduling direct flights to the Caribbean - which means that even more vacation-goers will be heading your way. If you choose a property investment in a desirable area and you market it well to vacation-goers, you will have a steady income stream for many years to come.
The Property Market is Stable
There are many beautiful vacation property destinations around the world, but not all of them have maintained a stable property market over the long term. The strong property market in the Caribbean is due to the long term political and economic stability here.
This means it’s possible to make an investment with minimal risk. Thanks to the stable market that shows no signs of changing, investors can feel assured that their investment will bring benefits.
Tax Benefits Are Available
There are many islands in the Caribbean that offer tax benefits for investors - which sweetens the deal even more. The majority of the Caribbean islands are now tax free, including Dominica, Barbados and St. Kitts.
This is one of the main factors that is helping the property investment market grow and it can offer you significant financial benefits if you choose to make an investment here.
There are So Many Islands to Choose From
When you mention the Caribbean, many people think of places like Jamaica, Aruba and the Bahamas. But this region is much larger than you realize. There are many gorgeous sun-soaked, coral-fringed islands to explore.
Honduras, Belize, Dominican Republic, Panama… each of these Caribbean facing countries offer its own unique character and advantages. Take your time and do your research, so you can find an investment destination that is ideally suited to you.
Plus, the other 7000 islands in the Caribbean will only be a short boat trip away. So, while you’re at your new property you can explore some of the other unique and beautiful destinations.
It’s Not Just Beaches
When you imagine the natural attractions of the Caribbean, you probably think about palm-fringed, white sand beaches lapped by crystal clear water. But the Caribbean is dazzlingly diverse and there are so many other landscapes to explore here.
Go hiking in a dense emerald green rainforest, or up the slopes of a dormant volcano. Discover tiny waterfalls high in the mountains, or snorkel over brilliantly-hued coral reefs. There are even black sand beaches (made from volcanic rock) and pink sand beaches (made from the shells of tiny sea creatures) to discover.
You Can Become a Citizen By Investment
Many Caribbean Islands offer some version of a “Citizen by Investment” programme. This means that by investing in a property over a certain amount of value, you will be granted citizenship. This will allow you the right to live long term, vote, work and travel without a visa.
Many countries in the Caribbean offer this option - including Grenada, Dominica, St. Kitts and Nevis, St. Lucia and Antigua and Barbuda.
The Community is Welcoming
If you choose to invest in the Caribbean and start spending all or part of your time there, you’ll find that you become part of a community that is as warm and welcoming as the tropical sunshine. Even if you are based in a tourist location, there will be locals and expats you can connect with.
Sign up for events, activities and classes, or volunteer locally. You’ll notice the people who live there and aren’t just passing through, as they show up week after week. Strike up a conversation and soon you’ll have a new group of friends.
Ready to invest in the Caribbean?
There’s no need for a pirate map to find the treasures the Caribbean has to offer. Here at Partbnb, we offer golden opportunities to own your own piece of paradise.
We are preparing to launch for pre-orders this January which will give you the opportunity to invest earlier with our platform. Join our wait list to receive an email as soon as we go live!