CHAPTER TEN: Property Investing in The Caribbean

The Caribbean, though a small area, shows amazing diversity – in climate and landscape, in language, religion and customs, in the history showcased, and proud achievements in areas like music, sport and art, medicine and education. But there are common strands that run through the region, and the laid-back lifestyle, stunning scenery and friendly people combine with the incredible weather that the region is so famous for to make it no surprise that the Caribbean has taken off as one of the ultimate places to own property abroad.

The islands of the Caribbean Sea are divided into three main groups – the Bahamas, the Greater Antilles, and the Lesser Antilles. The Bahamas comprise an archipelago of 700 islands, of which only about 30 are inhabited, north of the Caribbean Sea. South of the Bahamas are the largest islands of the Caribbean, the Greater Antilles. These include Cuba, Jamaica, Puerto Rico, and Hispañola, home to Haiti and the Dominican Republic. Most of the rest of the Caribbean islands form an arc that stretches from Puerto Rico to the coast of South America – the Lesser Antilles. With such a large number of individual nations to consider, it is difficult to make any general statements about economic performance or the property market, although the desirability of this area and its popularity as a tourist destination are good indicators for potential profit.

Is This a Good Place to Buy?

There are plenty of options for investment in the Caribbean, with more than 100 islands or regions…