CLOSE
Investment Watch Investment Watch: Investors set sail for the Caribbean
  • Investment Watch

Investment Watch: Investors set sail for the Caribbean

By Dan Johnson -
August 28, 2014
Share on Facebook
Tweet on Twitter

– Bahamas and Cayman Islands home to two most popular listings

– Caribbean demand driven by American and Asian buyers

– Majority of investment in opportunities worth below £50,000

After several months where activity on TheMoveChannel.com has been dominated by urban real estate, buyers set sail for the Caribbean in July. The UK, Turkey and Dubai have fuelled investment on the international property in the first half of 2014, with student property proving particularly popular.

As summer arrived, though, investors sought out warmer climes, with land plots in Bahamas and Cayman Islands receiving the most enquiries. The land plot in the Bahamas, located in Stella Maris, won the most attention thanks to its price tag of just £32,096. The Cayman Islands’ plot followed close behind, despite a much higher cost of £86,913.

The land with planning permission, part of the Eco Village Resort Development on Cayman Brac, was the second most expensive opportunity in the month’s top 10 listings, as well as the second most popular. All the other entries in the Investment Watch chart were priced under £50,000, as buyers continued to tighten their belts while hunting for high returns.

Indeed, investment on TheMoveChannel.com last month was particularly diverse, with low price a priority over location and type. The UK was the most popular country, accounting for four of the top 10 listings, but buyers picked a varied British selection, comprising of property schemes, a hotel (10th place) and a medical facility investment (8th). Student property accounted for one listing in 9th place, a significant shift from last year, when university accommodation was the focus of attention.

Aside from a buy-to-let townhouse in Ohio (7th), the only traditional property in the top 10 was a community of new build apartments in Marbella, Spain. The recently completed units, located on the coast, were the most expensive in the Investment Watch chart, priced at £148,000, and generated the 5th biggest response. Outside of the popular Costa del Sol, lifestyle buyers were happy to build their own paradise by the beach, seeking out land opportunities in the sunny destination of Brazil as well as the Bahamas and Cayman Islands.

Climates, though, were ideal for investment as well as enjoyment: American and British buyers have enjoyed strong economic growth at home, with favourable currency exchange rates bolstering their buying power in the Caribbean. Indeed, the Bahamas were the sixth most popular country on TheMoveChannel.com in January 2014, while demand for the Cayman Islands has notably increased in the pasrt year, appearing in the portal’s Top of the Props top 10 on five separate occasions and in the Investment Watch chart once before.

With the land opportunity in Cayman Islands the most expensive non-bricks and mortar investment in the Investment Watch chart, Select Resorts Limited says that demand was driven by more than the price.

“As global markets improve and confidence returns we are seeing an increase in lifestyle enquiries and purchases, clients are returning to retreat destinations, prompted by the value in these markets as opposed to city markets which are approaching full value,” explains Michael Reilly, Sales & Marketing Director of Select Resorts.

“The Cayman Islands, and the Caribbean as a whole, are well placed to benefit from these improved conditions – as both American buyers and new Asian investors look to these markets for value.”

Google+

Comments

comments

  • TAGS
  • account
  • car
  • Cayman Islands
  • currency
  • resort development
Previous articleUS home sales hit seven-month high
Next articleFirst time buyer lending up in Wales and Northern Ireland
Dan Johnson

RELATED ARTICLESMORE FROM AUTHOR

House Prices

UK sees slight pick up in annual house price growth

News Story

Battersea Power Station chimneys get a fresh lick of paint

Commercial Property

German commercial property market remains on record path

Search for news
Subscribe
Get the latest property news in your inbox every day.
   
Follow TheMoveChannel.com
...
Fans
Like
...
Followers
Follow
...
Fans
Follow
...
Followers
Follow
...
Subscribers
Subscribe
...
Followers
Follow
...
Followers
Follow
...
Subscribers
Subscribe

Latest posts

4 Areas to look at as an expat moving to the...

January 2, 2020

4 Areas to look at as an expat moving to the...

January 2, 2020

St Kitts and Nevis: One of the world’s best citizenship investments

January 2, 2018

Mississippi: An overlooked market for buy-to-let investors?

December 18, 2017

Montenegro: A destination on the rise

December 18, 2017
Copyright © TheMoveChannel.com - All rights reserved.
24 Jack's Place, Shoreditch, London, E1 6NN.
Tel: +44 (0)207 952 7653
Company | Privacy Policy | Terms of Use
International Real Estate for Sale
Spanish Property for Sale Property for Sale in France USA Real Estate for Sale Property for Sale in Italy Caribbean Real Estate Portuguese Property Property in Thailand UK Property for Sale Greek Property Sales Real Estate in Canada Cyprus Property for Sale Property for Sale in Malta
Popular Types of Property
Property Investments Commercial Property Land for Sale Prestige Homes Houses for Sale Apartments for Sale
Welcome! Register or Login for the best international property experience.
Welcome Back ! Access your profile, saved searches, property shortlist, and more! Logout
News & Features Destinations Property for Sale Investments Services Advertise
  • Top News Stories Latest News Roundup Regular Features Events Diary Property Guides Jargon Buster Interactive Calculators
    • 4 Areas to look at as an expat moving to the Australia

      We’re taking a look at four areas of life in Australia that you should give consideration to when relocating to Oz, either as an expat or, even to retire. What comes to mind when you think of the land down under? Stunning beaches, all-round climate, relaxed way of life

      4 Areas to look at as an expat moving to the USA

      We are taking a look at four areas of life in Australia that you should give consideration to when relocating to Oz, either as an expat or, even to retire. What comes to mind when you think of the land down under? Stunning beaches, all-round climate, relaxed way of life

      St Kitts and Nevis: One of the world’s best citizenship investments

      St Kitts and Nevis has been ranked one of the world's best citizenship by investment programs by experts, as the dual-island nation continues to attract overseas investors to its shores.

      Mississippi: An overlooked market for buy-to-let investors?

      Montenegro: A destination on the rise

    • Why UK landlords should keep looking North

      UK house price growth climbs for third month

      House price cuts hit five-year high

      UK house price growth rebounds in September

      Borrowers urged to act quickly after Bank of England interest rate rise

      UK sees slight pick up in annual house price growth

    • Top Of The Props

      Spain still reigns top of buyer demand

      Infographics

      Toronto: The world’s most over-valued city?

      Hotspots Index

      Hotspots Index: International appetite for Italy property rebounds

      In Focus

      4 Areas to look at as an expat moving to the Australia

    • View Calendar
  • North America Caribbean South America Europe Middle East Africa Asia Australasia
    • USA
      Canada
      Puerto Rico
      Barbados
      St Lucia
      St Vincent and Grenadines
      Virgin Islands (u.s.a.)
      Panama
      Bahamas
      Grenada
      Martinique
      St Kitts and Nevis
      Dominican Republic
      Cayman Islands
      Mexico
      Jamaica
      Belize
      Anguilla
    • Puerto Rico
      Barbados
      St Lucia
      St Vincent and Grenadines
      Virgin Islands (u.s.a.)
      Bahamas
      Grenada
      Martinique
      St Kitts and Nevis
      Dominican Republic
      Cayman Islands
      Jamaica
      Belize
      Colombia
      Anguilla
      Dominica
      Antigua and Barbuda
      Honduras
    • Brazil
      Argentina
      Ecuador
      Peru
      Venezuela
      Colombia
    • UK
      Portugal
      Spain
      France
      Slovakia
      Italy
      Bulgaria
      Croatia
      Poland
      Greece
      Serbia
      Austria
      Romania
      Switzerland
      Hungary
      Ireland
      Malta
      Andorra
      Cyprus
    • UAE
      Turkey
      Qatar
      Egypt
      Israel
    • South Africa
      Morocco
      Cape Verde
      Namibia
      Mauritius
      Reunion Island
      Senegal
      Nigeria
      Mozambique
      Seychelles
      Zambia
    • Philippines
      India
      Pakistan
      Thailand
      Indonesia
      Sri Lanka
      Armenia
      Malaysia
    • Australia
      New Zealand
      Fiji
      Vanuatu
      New Caledonia
      French Polynesia
      Myanmar
  • Property Search Map Zoom Popular Destinations Hot Properties Browse Categories Request Contact Advertise Property My Search Profile
      Up to 5km from location
      All bedrooms
      All prices
    • Caribbean Barbados Jamaica St Lucia France Brittany Languedoc Roussillon Provence Greece Crete
      Italy Calabria Lazio Lombardy Tuscany Portugal Algarve Azores USA Florida
      Spain Alicante Andalucia Canary Islands Worldwide Canada Cyprus Malta Thailand UK
    • 5 Bed House, Collado Villalba, Madrid
      £718,360
      Flat, Bayonne, Pyrenees-Atlantiques
      £94,285
      Flat, les Escaldes, Escaldes-Engordany
      £573,790
      3 Bed Townhouse, Abingdon, Oxfordshire
      £320,000
      3 Bed Flat, Calatabiano, Catania
      £84,407
    • Commercial
      Properties
      Holiday
      Homes
      Hotel
      Investments
      Land
      Investments
      Mobile
      Homes
      New
      Homes
      Prestige
      Homes
      Residential
      Property
      Retirement
      Property
      Accommodation
      Investments
      Unique
      Property
      All
      Property
    • Agents
      Developers
      Portal
      Owners
      Brokers
      Services
    • Saved Searches
      Search Alerts
      Newsletter Subscription
      Property Shortlist
  • Investment Search Hot Investments Browse Categories Browse Features Request Contact Advertise Investments
      Up to 5km from location
      Category
      No Minimum Investment
    • Flat, Derbyshire, England
      £87,995
      1 Bed Flat, Dubai, UAE
      £124,886
      Room, Les Deux Alpes, Isere
      £31,428
      2 Bed Apartment, Estepona, Malaga
      £197,549
      2 Bed Condo, Uruau, Beberibe
      From £45,033 to £51,936
    • Residential
      Buy to Let
      Commercial
      Property
      Land
      Investments
      Off Plan
      New Build
      Hotel
      Investments
      Student
      Accommodation
      Care
      Homes
      French
      Leaseback
      Bank
      Repossessions
      Renovation
      Projects
      Holiday
      Letttings
      Funding
      Opportunities
    • Discounted
      Property
      High
      Yield
      Low
      Risk
      Immediate
      Income
      Personal
      Use
      High Loan
      to Value
      Pension
      Investments
      Low Running
      Costs
      Growth
      Investments
      Fixed
      Exit
      High Return
      Property
      All
      Investments
  • Estate Agents Mortgages Legal Services Currency Exchange
    • UK Estate Agents London Bristol Cardiff Edinburgh Leeds Liverpool Manchester Nottingham Sheffield
      Spain Costa del Sol Marbella Puerto Banus Costa Blanca Almeria Mallorca Menorca Murcia Tenerife
      Worldwide Australia Cyprus Florida France Greece Italy Malta Portugal Turkey
  • Estate Agents Property Developers For Sale By Owner Investment Brokers Property Portals Service Companies
Already have an account? Login

Register:

Password Repeat Password
 
CAPTCHA
Register
Don't have an account? Register

Login:

User ID/Email
Password
Forgot Password?
Login

Recover your password:

Submit
2021/02/02 05:51:22pm