Global Spotlight: Island Life Awaits in the Caribbean

Maracas Beach, Trinidad

“I love that Trinidad and Tobago is not a hyped-up, over-marketed Caribbean product.”

– HEIDI RAJNAUTH ELLIOT, Director, Dynamic Real Estate Consultancy

with cold weather, and the people. There is also a lot to do, including a new IMAX theater complex not far from the hotels. Housekeeping is not at all expensive, leaving plenty of time to enjoy life. Your investment can generate a nice revenue stream of rental income when you are not using your property, and this offsets any expenses associated with owning a property. gives us comprehensive market data, I would say that the average price point for a house in a nice suburban area would be $460,000 for a 2,000-square-foot, three-bedroom, two-bathroom home on roughly 5,000 square feet of land. However, being an island, space is at a premium, so townhouses and apartments are more frequently purchased and more affordable.

For more information, visit arubapalmsrealtors.com.

Trinidad and Tobago

Heidi Rajnauth Elliot, director of Dynamic Real Estate Consultancy, provides an inside look at this captivating dual-island Caribbean nation. Dynamic Real Estate Consultancy offers residential and commercial purchase and sales services as well as rental and property management assistance. What is your average price point, and how would you describe a typical property in your market? The property market in Trinidad and Tobago has always been a bit insulated from the drastic swings that are seen in markets like the U.S. Although we do not have an MLS system that What home features are especially popular with your buyers?

Gated communities are big for us locally. Are you seeing much foreign investment— and, if so, from which countries? Our borders have only recently opened from being shut down due to COVID, so it is too early to say what Elliot level of foreign investment will come in. However, I am expecting a large portion of activity from returning residents from both the UK and the U.S.

What advice do you have for foreign buyers interested in buying in your area?

Negotiate in your currency. Because forex (the foreign exchange)

Above: The north coast of Tobago

can be diffi cult for locals to get their hands on, many sellers are happy to give a better price to those willing to purchase in a foreign currency. Be sure you are working with an established fi rm, as legislation covering the real estate industry has not yet been enforced due to the fact that it was implemented right before the pandemic began.

What do you love most about living in your area? I love that Trinidad and Tobago is not a hyped-up, over-marketed Caribbean product. We have so much to offer, from birdwatching to natural wonders like the Pitch Lake to many trails for hiking. We have a more cosmopolitan bigger city feel and the conveniences that match.

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For more information, visit dynamicrealestatett.com.