| You usually have plenty of choice when you want to | | | | practices are regulated and a real estate investor |
| buy a property in the Caribbean. From the Bahamas | | | | should check out the specifics of the regulatory |
| to St Lucia or the Barbados, the number of places | | | | guidelines before doing anything if they are interested |
| you can go to is wide with approximately 7,000 | | | | in buying a property there. |
| islands, islets, reefs and cays! | | | | Notable exceptions include countries like Haiti for |
| But because this area is a hot spot for tourists, the | | | | example, which is actually the poorest country in the |
| price of properties can vary greatly as you certainly | | | | Western Hemisphere and which has a real estate |
| will not be the only one around looking to buy a | | | | market plagued by corruption. |
| property in the Caribbean. | | | | Certain countries like Cuba for example, disallow |
| The geography and the climate in this area can vary | | | | foreign freehold ownership of immovable property. |
| from one island to another. You will find islands that | | | | There are often ways around these rulings with black |
| have a relatively flat terrain as well as island with | | | | market property deals being done quite regularly. Any |
| mountains everywhere. Usually the climate of the | | | | real estate investor considering working outside of a |
| region ranges between sub-tropical to tropical. And | | | | country's constitutional laws should be aware that his |
| even though the weather is usually great throughout | | | | subsequent assumed legal rights to own the property |
| the year, hurricanes are a common thing in this region | | | | assets purchased will not be enforceable in a court of |
| of the world! | | | | law. |
| As well as having a wide range of islands to choose | | | | But most of the Caribbean countries are not like |
| from, there are also plenty of types of properties to | | | | Cuba and countries like Barbados, Jamaica and |
| buy like houses, villas, apartments, condos...But people | | | | Trinidad and Tobago have active policies to |
| looking for the ultimate overseas property to buy in | | | | encourage foreign direct investment and have |
| the Caribbean should keep a close eye on the | | | | regulations in place to not only allow for foreign |
| market as they could come across a small islet for | | | | freehold ownership of real estate but they have |
| sale and be offered the chance to own their island.... | | | | regulations in place granting foreign owners the same |
| A large percentage of the Caribbean territories | | | | legal rights as their domestic citizens when it comes |
| usually have a requirement that real estate agency | | | | to their property assets. |