Finding a house to buy in the Caribbean is pretty straightforward. You only need to get in touch with a real estate agency such as the Caribbean Escape with a portfolio of properties suitable for all tastes and budgets.
Deciding where to buy a house in the Caribbean largely depends on what you want to achieve. Are you searching for a place that will yield the best returns? Do you want to invest just for the sake of earning citizenship, or do you plan to retire there?
Here we reveal some of the best islands to buy a house in the Caribbean. That way, you can narrow your search and locate the most suitable house to matches your expectations.
Top Caribbean destinations for great returns on your investment
Those searching for vacation rental properties should consider investing in the Dominican Republic, the Bocas del Toro archipelago, Cancun, Tulum, and others. Timeshare ownership might be a good option if you are planning to have a vacation in these places every year. However, before buying a timeshare, make sure to do proper research about getting out of a timeshare when this investment fails.
Tourism was booming before the coronavirus. That trend is expected to resume immediately after the pandemic ends. In each of those places, foreign investors are more than welcome. Before the corona, each of those destinations had a steady income of tourists, generating a continuous need for accommodation.
Top Caribbean destinations for getting a citizenship
Five Caribbean islands offer citizenship in enhance for participating in their investing program. If you are motivated by citizenship, the island nations that offer citizenship through investing are Dominica, St. Lucia, St.Kitts & Nevis, Grenada, and Antigua & Barbuda. Each country has its eligibility criteria, fees, and benefits that come with owning their passport.
Top Caribbean destinations for buying a house near the beach
As usuals, the best spots are already occupied by hotels and resorts. However, that doesn’t mean there aren’t any good ones left. The best place for a house near a beach is in the Dominican Republic. Homes are abundant along the shoreline, some of which are in development. In addition to the Dominican Republic, there is an excellent selection of beach houses in Barbados & Antigua, The Bahamas, and the Cayman Islands. But homes in these islands tend to be somewhat more expensive than the similar beach houses in the Dominican Republic.
Top Caribbean destinations for buying a luxury house
Those seeking luxury houses should consider buying real estate in St. Barts. It is by far the most popular destination with luxury lifestyle seekers. Other than St. Barts, top luxury houses can also be tracked in the Grand Kayman, Turks & Caicos Islands, and the Bahamas.
Top Caribbean destinations when buying on a budget
One of the best things about the Caribbean real estate market is that there is something for everyone, even those without super-deep pockets. When it comes to budget buying, the best places for buying a house include the Dominican Republic, Bonaire, and Roatan. For example, a detached house in Roatan, a few minutes away from the beach can cost you as little as $200,000. In Bonaire, there are condos whose starting asking price is $100,000.