Description of Martinique
While most of the Caribbean now feels like it’s been developed and travelled to death – as much of it has – Martinique has somehow held onto its wild, rugged and undiscovered ambiance. Unsurprisingly, this last remaining corner of the real Caribbean has experienced a colossal explosion in property values over the past few years – 20 per cent since 2011 being a realistic estimate. This kind of demand of course breeds healthy rent yields of around the 6 per cent mark, though what’s truly surprising is how relatively painless the taxation system is for foreign buyers – it’s pretty much the same deal as in mainland France. High-end tourism is Martinique’s mainstay and property owners these days are finding themselves able to choose their own price and double it.
Current Property Prices in Martinique
How to Buy Overseas Property Safely
Key Facts:Currency: EURO
Time Zone: Eastern Caribbean Time Zone