Top Three Countries in Caribbean to Buy Real Estate

Caribbean Real Estate

First Published Date: June 6, 2010

Thinking of buying real estate for investments or because you want a second home to go to when the day-to-day grind simply becomes too much? Well, here are the best places in Caribbean to buy real estate so that you can make the best choice possible.

1.    Trinidad and Tobago: This nation has an economy that is reliant on two major things; oil and tourism. Thanks to both of these, the entire island nation has a low unemployment rate and a decent per capita GDP of $19,800. In addition, the country has a growing economy and its middle class is growing, lifting many out of poverty. On top of that, the country is out of the hurricane belt so you do not have to worry about your home being blown away by a hurricane. Sadly, the black mark on this country is its rising crime rate, which can be a liability depending on where you choose to live. That being said, it is by far one of the most beautiful countries on the entire planet.

2.    Aruba: Called “One Happy Island” the country has a very prosperous economy that ensures many are out of poverty and the tourism industry is one of the strongest in the world. Over 1.5 million come here every year for vacation and services make up two-thirds of the country’s GDP. The country also has the second-highest per capita GDP after the Cayman Islands. In contrast to Trinidad and Tobago, the country has a very low crime rate and is not at risk of hurricanes. This means it could be the perfect place for you to go if you want to buy real estate someplace other than your country.

3.    Bonaire and Curacao: Known as the Netherlands Antilles, these two islands are located off the coast of Venezuela, which puts them well below the hurricane belt. The islands have a good infrastructure and a rising per capita GDP, as well as many new developments including an airport and hotels. If you love diving, then these islands may be perfect for you. As of 2008, the countries have changed their status. Curacao is a country within the Kingdom of the Netherlands, while Bonaire will be a municipality under the Netherlands. Even with these changes, the islands remain very popular with tourists and you can bet that there are going to be many people like you looking to buy a home here. The islands have amazing beaches, stunning landscapes and easy to purchase homes thanks to the Dutch law that operates on the islands.

If you are thinking of moving to the Caribbean, then you should look to these three countries. A growing economy, good resources, strong infrastructures and easy to purchase properties make them the perfect choice for anyone who wants to relax under the sun in their own home. All it takes is you deciding which paradise you want to move to, and how much you want to pay.