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 Brits eye 'Jewel of the Caribbean'

 

Friday, August 24, 2007


238 square miles of lush island tagged ‘simply beautiful’ by its Tourist Board, St. Lucia nestled in the Caribbean, may have previously been overshadowed by the popular island of Barbados, but it is now the hot, hot, hot subject on property investors’ lips...

A period of sustainable growth lies ahead for St Lucia’s property market, especially over the next 5 years in the Rodney Bay area, situated in the north of the island beyond the capital Castries.

Six new golf courses are planned within 10 miles of Rodney Bay, and a vast new €250 million marina development is under way.

Apartments and villas in St Lucia are around 65 per cent cheaper than comparable property on neighbouring Barbados, only 90 miles away.

Given the island’s recent improvements to new infrastructure as a result of the Cricket World Cup earlier this year, property prices are soaring at over 20 per cent per annum. New roads and a revamped airport have made the island increasingly accessible.

Massive returns

There are 6 weekly flights direct from the UK using Virgin or BA (Air France and XL Airlines also fly into St. Lucia; a non-stop flight from Milan is also due to start later in the year) and holidaymakers from the States have been flocking to the island.

With flight times as little as two and a half hours from Florida, for Americans St Lucia is the equivalent of us Europeans taking a break in Spain or the South of France.

Overall, given the 150 per cent return you’d expect to make on your original investment, this opportunity offers you the chance to pay off all your upfront costs for your property, plus earn a healthy profit which could go towards your very own mega-yacht in the new Rodney Bay marina.

To take advantage of superb St Lucia opportunities, call Hollingworth & Associates on + 44 (0) 845 456 7737 or visit www.hollingworthandassociates.com.

 
 
     
     
 

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