LatinWorld » Caribbean Real Estate http://www.latinworld.com Latin America Information Thu, 19 May 2011 22:10:14 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Creating Wealth in Paradise – How Much does a Piece of Land Cost in Heaven? http://www.latinworld.com/2009/creating-wealth-in-paradise-how-much-does-a-piece-of-land-cost-in-heaven.htm http://www.latinworld.com/2009/creating-wealth-in-paradise-how-much-does-a-piece-of-land-cost-in-heaven.htm#comments Wed, 22 Apr 2009 20:29:41 +0000 Patrick Connelly http://www.latinworld.com/?p=216 Ever wondered what a piece of paradise was worth? Amazingly, it might be less than you’d think. Island and oceanfront real estate in the Caribbean is definitely one of the most attractive investments out there and depending on the Caribbean country you focus on you might be able to buy your own island for less than what an apartment in 5th Avenue Manhattan might cost you. It’s all about bargain hunting in heaven.

Land in the Caribbean by Rob Inh00d http://flickr.com/photos/robinh00d/178372464/

Land in the Caribbean is up for the taking


Knocking on Heaven’s Door

According to GlobalPropertyGuide.com the per square meter price in the most expensive city of each of these Caribbean Countries is as follows:

Caribbean Country Avg. Per Sq. Meter Price
Bermuda $7,861
Barbados $6,728
BVI $5,843
Turks & C. Is. $5,724
Neth. Antilles $4,889
Antigua $4,275
Cayman Is. $4,234
Martinique $4,057
Bahamas $3,998
St Lucia $3,279
St Martin $3,267
Trinidad & T. $3,174
St Kitts $3,168
US Virgin Is. $2,689
Belize $2,220
Dom. Rep. $1,872
Jamaica $1,678
Aruba $1,443

This is definitely good news considering these prices are in high profile cities. What does this mean for a Caribbean property Bargain Hunter? That per square meter prices in other cities should be much cheaper, of course. And if we take into account other Caribbean property prices in countries not mentioned in the above list – for example, property in Central and South America’s Caribbean regions, such as Panama, Costa Rica, Colombia, etc. – you might find some even more interesting gems out there.

Robinson Crusoe island in the southern Caribbean by Galería de lyng883 http://farm1.static.flickr.com/136/351423644_0d904416ca.jpg?v=0

Robinson Crusoe island in the southern Caribbean

Imagine what it would be like to own a small cottage in Robinson Crusoe island in the Grenadines in the southern Caribbean. The whole island would be your playground. You could rent it out to vacationers during peak season and use it for yourself off season. An investment I would be proud to call my own.

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