Description of Trinidad and Tobago
Despite struggling to pull itself out of the global economic crisis, Trinidad and Tobago is officially on the road to recovery. Of course, there’s still a way to go before the housing market regains the 20 per cent or so lost during the slump, but things are at least moving in the right direction. A stunning natural wonder in its own right with a booming tourism trade and a growing demand for middle-income housing, Trinidad and Tobago is bursting with potential for investors. That being said, rental income tax is fixed at a very high 25 per cent for all properties of all sizes and descriptions, while buying costs often knock on the door of 20 per cent. Still, yields are also on the up, so it’s a pretty balanced picture.