Virgin Islands Property and Yacht - February 2017

Page 26

LAND / HIGH END PROPERTY INVESTMENT

The BVI’s stunning villas – the ideal Caribbean islands for international property investment

The North Sound with its resorts and private islands now caters to Hollywood celebrities, billionaires, and rock stars and a significant amount of wealth is now settling in the British

26 | V I P R O P E R T Y & YA C H T

Virgin Islands to justify it being called the billionaires’ playground. The BVI attracts a variety of events and activities throughout the year, offering residents and visitors alike entertainment ranging from waterbased activities such as the BVI Spring Regatta and the Loro Piana Caribbean Superyacht Regatta & Rendezvous, to land based activities

like the Annual Necker Tennis Cup. The BVI’s natural beauty is one of its key assets as a destination. The seas, sounds, and channels— which all form part of its natural infrastructure—make it easy to island-hop between the various isles. As one of the top sailing destination in the world, it has traditionally drawn many visitors looking to sail around the islands or enjoy water based activities such as diving and more recently, kite-surfing and paddle boarding. The favourable tropical climate and the breezy easterly trade winds make it a comfortable place to reside. With approximately 58 square miles and around 30,000 residents, it is not densely populated. As with other destinations, the proximity to international airports determines the ease of travel for investors and therefore the attractiveness of the destination. Comparatively, connectivity has been an issue for the BVI. The lack of direct flights to the US mainland and to Europe have made it a rather arduous process to get to and from the BVI.

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