According to the most recent issue of 7th Heaven Properties' annual magazine The Caribbean Property Investor, the recent record-breaking growth in tourism, combined with new and on-going government incentives and investments in airports, highways and marinas, has contributed to an increase in luxury real estate sales in several Caribbean destinations, positioning the region for growth in 2016.
Analysis of key market insights indicates that the Caribbean as a whole is enjoying growth in overseas visitor arrivals and the real estate sector in the top performing destinations is benefiting from a halo effect.
Walter Zephirin, Managing Director of London-based 7th Heaven Properties says, "Several Caribbean destinations, such as the Turks & Caicos Islands and the Cayman Islands, enjoyed a very positive increase in luxury real estate sales in 2015. We anticipate that this growth will be maintained in 2016, as international property buyers continue to be drawn to the region's consistent offer of year-round sun, sea, sand, stability and style of living."
Zephirin added "While economic uncertainty looms in many parts of the world, growth in the USA and a recovery in markets such as the UK and parts of the Euro Area are providing prospective buyers with the confidence to invest in the Caribbean real estate sector."
Key Caribbean Property Market Insights Include: