When one thinks of emerging property markets one often automatically thinks of the likes of Bulgaria or Romania perhaps. I.e., one brings to mind European nations with fledgling tourism industries famous for being affordable and accessible. But there are other, more glamorous emerging markets where there is just as much affordability and accessibility – but where the fundamental appeal of the destination in question is just so much more alluring somehow!
In this article we’re going to be looking at emerging Caribbean property investment potential because the Caribbean is a region synonymous with stunning real estate, sensational destinations and thrilling and attractive investment potential – but where few people know that there are actually emerging pockets of fresh opportunity.
Emerging Caribbean Property Investment Potential in Dominican Republic
The Dominican Republic has been named the ‘Number 1 Caribbean Destination’ by the World Tourism Organisation and it has a strategic government plan in place to increase tourism arrivals to 5 million over the next 4 years. What’s more, the Dominican Republic is determined to maintain its reputation for affordability whilst upping its prestige ante. For property investors this makes for a market where there is increasing demand, where it is still affordable to buy in, and where you benefit from buying stunning property in a Caribbean paradise rather than an apartment overlooking the Black Sea perhaps!!
Other reasons to consider the Dom Rep include its economic and political stability, its excellent infrastructure and the fact that it is home to golf courses, marinas, spas, five star hotels and yet it really is still very well priced. Some developments offer rental income guarantees and you also have the added bonus of owning a home in the Caribbean which you can boast about and benefit from yourself!
Emerging Caribbean Property Investment Potential in Isla Margarita
Isla Margarita is lesser known than the Dominican Republic but no less attractive a resort style destination. Both have white sandy beaches framed with palms and caressed by beautiful blue sees and almost year round sunshine. But Isla Margarita is outside the hurricane zone – unlike the Dominican Republic, and it belongs to Venezuela. The political situation in Venezuela is often considered less stable than that in other parts of the Caribbean for example – but the fact of the matter is, the nation has a democratically elected government and an oil rich and strong economy.
Isla Margarita is highly affordable – whilst the market has good infrastructure in place already, it is receiving considerable investment to make it more of a typical enchanting Caribbean paradise. This means that investors have a chance to potentially buy in earlier in the expected wave of property price advancement.
So, as you can see, there’s more to emerging markets than former communist housing, Ryanair and cheap high rise apartment blocks, and it is in fact possible to find an emerging market where not only the physical climate is stunning, but the investment climate is too!