St Lucia is Changing, Now is the Time to Buy Property
St Lucia is a small island that lies on the border between the Caribbean Sea and the Atlantic Ocean. Due to its Volcanic formation, it is more mountainous than many of the other Caribbean islands. Despite this, it features beautiful sandy beaches with clear seas, and large quantities of tropical forest also cover parts of the island.
St. Lucia is one of the undiscovered gems of the Caribbean, although this is starting to change. Unlike its more popular neighbours it hasn’t yet been subject to extensive development. It is still possible to find a secluded property in St. Lucia and not be over run by tourists. This situation may not last for much longer, the government are actively promoting the tourism industry. For the time being it is still possible to buy an affordable home in secluded location.
St. Lucia has still not been all that heavily developed, at least compared to other Caribbean islands. It is still possible to find a secluded property on the island, which is something that appeals to many people. However it may not stay that way for long. The government are actively encouraging the growth of the tourism industry and that means more and more development on the island. This is great for people who buy property as an investment since the value of their land will increase. However for people who are looking for a secluded place to retire to, it is not such a good thing. On the up side if you do find that there are too many tourists you will be able to sell your home for a profit and find a new location to retire.
Although for some people this development may be viewed as a negative for the majority it is good thing. Property is still available for a relatively low price, but that will change in the future. As the island grows in popularity the value of property in St. Lucia will soar, making it a great investment for people who get in early. Property values have been increasing at better than ten percent a year for more than a decade now and that is unlikely to change in the near future. The government are actively encouraging both tourism and foreign investment meaning the growth is likely to continue in the future.