FLORIDA, UNITED STATES
Badly hurt in the U.S. property crash, Florida - with its renowned sunshine - still stands out as a property hotspot with property for sale at less than half the price it was selling for a year or two ago. Experts believe that the bottom of the Florida property market has been reached – or is very close to being reached – and that this is an excellent buy for capital growth over the medium term. Select and buy well and rental return rates of 4% or 5% should be achievable. With attractions such as Disney World, Universal Studios and the many golf courses, it is little wonder that Florida has become a leading tourist haven - more than 82.4 million tourists visited the state in 2007, which is among the world’s top tourist destinations. Thanks in large part to Miami, which is becoming a cultural and commercial centre for the whole of Latin America, Florida is also a business mecca. Trade between the US and Latin America is increasingly important, and experts believe this trend will accelerate. Property prices are traditionally low compared to other tourist meccas, and attract those seeking a second home, a good investment or a rentable property.
St. Lucia, recently voted by Condé Nast Traveller one of the four most beautiful islands in the world, is enjoying worldwide attention with a 7% increase in arrivals for the first eight months of 2008 over the previous year. Along with a booming tourism trade, St. Lucia benefits from a stable government and economy. It has a well-established real estate market, where buyers get a lot more for their money compared to more developed islands such as Barbados. Property prices in St. Lucia are currently 35-40% of the prices in Barbados, a gap likely to narrow in the next few years. A World Bank report has ranked St. Lucia, which benefits from good air transportation links, among the Top 30 places in the world in which to do business. Private property is well-protected on the island, where the legal tradition is based on British common law, with the highest court of appeal is the Privy Council in London. St. Lucia also gets top marks for its warm climate, stunning beaches, crystal-clear sea and charming people, making it a leading island destination in the Caribbean for North American, British and European visitors.
The Address, an exclusive digital property and lifestyle magazine, exploring the best in luxury real estate and lifestyle opportunities thro...