How to Buy Cheap Luxury Caribbean Property For Sale
Turks and Caicos Islands Property For Sale
Turks and Caicos Islands
Turks and Caicos Islands, canal property
Location
Providenciales,
Property Type
House
Bedrooms
3
Bathrooms
2
Price
$3,400,000
The Caribbean is a great place to buy a property that is for sale as this region has outperformed sentiment wise the rest of the globe and remains the #1 location for wealthy North Americans to purchase properties that often come with the luxury tag that the Caribbean is known for.
There is simply a wealth of choice in the Caribbean from standalone properties in towns across the islands to choice resorts and upscale gated Caribbean communities.
By choosing to search for Caribbean property for sale or agent, considerations should be made regarding the legal side of any transaction or purchase that is made. No different than buying through an agent, those purchasing directly from the Owner in the Caribbean should hire a lawyer to ensure that the legalities are all covered.
Property in the Caribbean for sale can be on the high side price wise (often the cheapest property is not worth purchasing for long term returns) but the attraction of the location also makes this one of the more reliable locations in which to invest.
Finding cheap luxury Caribbean property for sale may sound like a contradiction, but there are islands where you can find affordable high-end homes, often due to lower costs of living, less tourism, or developing real estate markets.
Top Caribbean Islands with affordable luxury properties often offer villas, beachfront homes, and estates below $500,000 to $1 million (sometimes much less).
We are talking The Caribbean so the coconcept of cheap can mean less than a million dollars to many high-net-woth-buyers.
Dominican Republic
luxury gated communities properties can be viable in locations such as in Cabarete, Sosúa, and Las Terrenas, where villas can be found from $250,000 with pools and ocean views.
In addition large expat communities, great infrastructure, and low property taxes add to the benefits.
Roatán, Honduras
provides oceanfront homes and hilltop villas, which can be from $300,000, and this undiscovered island appeals to many especially with the lower cost of living.
Grenada
luxury meets estate homes near Grand Anse Beach, which can be in the $400,000 for upscale homes, plus this is a safe, English-speaking and an emerging market.
St. Lucia has options on
luxury private villas with Piton views, with some under $500,000, and can come with eco-luxury appeal and strong tourism market.
Belize (Placencia or Ambergris Caye)
offers luxury cheaper homes and resort-style condos, which can start around $250,000, plus the advantage of being an English-speaking area, with no capital gains tax, and is popular with U.S. and Canadian buyers.
Cheaper luxury Caribbean properties that are being offered through FSBO (For Sale By Owner), and can mean avoiding agent commissions and sometimes be priced below-market value.
Developers often offer early discounts for cash buyers.
Focus on less tourisism inland or hillside area where homes are cheaper but still luxurious.
