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blog https://caribbeanworld-magazine.com/real-estate/developments/property-news/ Great Improvements in Doing Business in the Caribbean for 2020 https://caribbeanworld-magazine.com/real-estate/developments/property-news/great-improvements-in-doing-business-in-the-caribbean-for-2020/ <span style="font-size: 12pt; line-height: 150%; font-family: Arial, sans-serif; color: #120604; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">Economies in<span style="font-size: 12pt; line-height: 150%; font-family: Arial, sans-serif; color: #120604; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"> the Caribbean have carried out a record 19 reforms over the past year to make it easier for domestic small and medium-size enterprises to do business, the World Bank Group’s <a href="https://openknowledge.worldbank.org/handle/10986/32436"><span style="font-size: 12pt; line-height: 150%; font-family: Arial, sans-serif; color: #120604; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">Doing Business 2020</a><span style="font-size: 12pt; line-height: 150%; font-family: Arial, sans-serif; color: #120604; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"> study says. Of the <span style="font-size: 12pt; line-height: 150%; font-family: Arial, sans-serif; color: #120604; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">16 Caribbean economies<span style="font-size: 12pt; line-height: 150%; font-family: Arial, sans-serif; color: #120604; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"> - The Bahamas, Barbados, Belize, Dominican Republic, The Guyana, Haiti, Jamaica, Antigua and Barbuda, Dominica, Grenada, Puerto Rico (U.S), Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Surinam, and Trinidad and Tobago - 11 implemented business-facilitating reforms. Puerto Rico (U.S.) and Jamaica were the region’s top-ranked economies, ranking 65th and 71st globally.
<span style="font-size: 12pt; line-height: 150%; font-family: Arial, sans-serif; color: #120604; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">Economic reforms that remove obstacles to entrepreneurship are widely seen as paving the way for greater economic growth in the region. Improvements in the Caribbean were concentrated in starting a business, getting electricity, paying taxes and enforcing contracts.
<span style="font-size: 12pt; line-height: 150%; font-family: Arial, sans-serif; color: #120604; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">With four reforms, the Bahamas implemented the most business-facilitating measures, making the process of starting a business faster and less expensive. Authorities cut the time needed for an entrepreneur to complete all required formalities to start a new business in half to 11.5 days. The Bahamas also strengthened minority investor rights by increasing conflict-of-interest disclosure requirements, clarifying ownership and control structures, and requiring greater corporate transparency.
<span style="font-size: 12pt; line-height: 150%; font-family: Arial, sans-serif; color: #120604; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">Barbados <span style="font-size: 12pt; line-height: 150%; font-family: Arial, sans-serif; color: #120604; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">introduced three major reforms and deployed new software to process electrical connection applications. As a result, it takes 10 fewer days to connect a new warehouse to the electrical grid. Barbados also adopted a law regulating all aspects of mediation as an alternative dispute resolution mechanism.
<span style="font-size: 12pt; line-height: 150%; font-family: Arial, sans-serif; color: #120604; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">Belize, Dominican Republic and Jamaica<span style="font-size: 12pt; line-height: 150%; font-family: Arial, sans-serif; color: #120604; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"> implemented two business-climate-improving reforms each. As a result, compliance with import border requirements was accelerated to 30 hours from 48 hours.<span style="font-size: 12pt; line-height: 150%; font-family: Arial, sans-serif; color: #120604; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">Jamaica <span style="font-size: 12pt; line-height: 150%; font-family: Arial, sans-serif; color: #120604; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">now ranks 6th globally in the starting a business indicator. Connecting a new warehouse to the electrical grid costs 423.4% of income per capita on average in the region, half the global average of 1,049.8%.
<span style="font-size: 12pt; font-family: Arial, sans-serif; color: #120604; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">However, changes are still needed to some of the region’s other cumber some business systems and the Caribbean still underperforms in the areas of registering property and getting credit. See the full study and its datasets at <span style="font-size: 12pt; font-family: Arial, sans-serif; color: #120604; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><a href="http://www.doingbusiness.org/">www.doingbusiness.org</a> Tue, 03 Dec 2019 07:16:13 +0000 https://caribbeanworld-magazine.com/real-estate/developments/property-news/great-improvements-in-doing-business-in-the-caribbean-for-2020/ Confidence High for 2020 https://caribbeanworld-magazine.com/real-estate/developments/property-news/confidence-high-for-2020/ Real estate investments benefit greatly from hotel developments, and initiatives that directly increase tourism. Big brand endorsement and market confidence are key drivers in the real estate market - and 2020 is already shaping up to be robust with the following excitement announcements: 
Harbour views at Kingston waterfront hotel 
Jamaica is set to benefit from the opening of a 168-room property, in a multi-purpose complex on the Kingston Waterfront. It will include retail, on-site entertainment and commercial office spaces and is part of Hilton’s Tapestry Collectionrepresenting the brand’s debut in the Caribbean.Located on Ocean Boulevard overlooking the Kingston Harbour, the seventh largest natural harbour in the world, the property will feature an expansive pool deck on its first floor, as well as a fitness centre, lounge area, restaurant, cafe and bar.Hilton has planned continued expansion across the Caribbean and Latin America. It currently has a portfolio of nearly 150 hotels and resorts open to welcome travellers in the Caribbean and Latin America, including more than 20 hotels across the Caribbean. 
Family hotel set to reopen in St Barths 
The team at Le Guanahani remains hard at work to ensure the hotel reopens in October 2020.Plans are already in place to unveil a number of enhancements to its iconic facilities, including new beachfront suites and a spectacular outdoor area featuring an infinity pool.The Spa by Clarins will also introduce rejuvenating new treatments and beauty and wellness offerings, as well as a new state-of-the-art fitness centre.Continuing the hotel’s tradition as the most family-friendly resort on island, it will launch a new Kid’s Club with exciting educational programmes; and to guarantee the privacy for honeymooners and couples alike, there will be more private pools in the ocean view suites.As one of St. Barth’s most beloved icons, the hotel experience is looking forward to welcoming guests new and old to the charm and authenticity for which Le Guanahani is renowned.
Brand new resort in Antigua will have 5-acre natural park
A management agreement has been signed with Callaloo Cay Antigua for the brand’s first new-build resort in the Caribbean. The Waldorf Astoria Antigua is scheduled to open in 2020 and will offer first-class accommodations. Nestled in a sheltered cove along the south-eastern coast of Antigua at Morris Bay Beach, approximately 20 minutes from V.C. Bird International Airport, Waldorf Astoria Antigua will offer a tranquil escape on a sprawling 30 acres of pristine beachfront as well as a stunning bluff overlooking the Cades Bay.Stylishly designed to embrace the distinctive island landscape, the luxury resort will offer 95 guest rooms and 25 branded villas, including beachfront suites and hilltop accommodations. For ultimate relaxation, guests will indulge in the resort’s world-class spa, disconnect in the state-of-the-art fitness centre, or enjoy gentle breezes and azure waters on the beach.A five-acre natural park will be developed as part of the project, available for guests to enjoy an outdoor experience unlike any other. Tue, 03 Dec 2019 07:14:08 +0000 https://caribbeanworld-magazine.com/real-estate/developments/property-news/confidence-high-for-2020/ Barbados’ housing market https://caribbeanworld-magazine.com/real-estate/developments/property-news/barbados-housing-market/ Barbados’ housing market, one of the most mature sectors of the Caribbean real estate sector in regards to expatriate investors and buyers, is continuing to offer pleasing prices on its famous West Coast. The regions, which caters primarily to super-wealthy foreigners, the price tags have steadied since the highs of 2016 with beachfront condo prices typically commanding around US$536 per square foot (sq. ft.). As you’d expect, this has seen an upsurge in sales volume in Barbados - property sales have risen by almost 10%, first increase in four years. This is not surprising given booming tourism - arrivals have risen by 2.7% year-on-year to a historic high of 681,197 visitors in 2019, according to the Barbados Tourism Marketing Inc.
Barbados attracts a lot of foreign homebuyers. Properties in St. James and in St. Peter are popular with British buyers, while properties in south coast’s Christ Church parish attract Americans and Canadians. Generally there are no restrictions on foreign ownership in Barbados except for one formality: nonresidents must obtain permission from Barbados’ Central Bank if they want to buy property. This is pro forma, but failing to do so will void your purchase.
In 2012, a new residency permit was introduced, offering indefinite residency to investors who purchase a property worth at least US$2 million and have a net worth in excess of US$5 million.
 The booming tourism was mainly due to strategic marketing initiatives and increased airlift to Barbados.
<h5>
<ul><li>Copa Airlines launched a new twice-weekly service from Panama last July 17, 2018.</li>
</ul><ul><li>Virgin Atlantic recommenced its twice-weekly service from London Heathrow in December 2018.</li>
</ul><ul><li>American Airlines added a third flight from Miami in December 19, 2018, as well as a daily flight from Charlotte.</li>
</ul><ul><li>WestJet recorded an 8% increase in seats between May and October 2018.</li>
</ul><ul><li>Air Canada increased capacity out of Montreal by 75% last winter via a large aircraft and three weekly flights.</li>
</ul></h5> Tue, 03 Dec 2019 07:13:02 +0000 https://caribbeanworld-magazine.com/real-estate/developments/property-news/barbados-housing-market/ INVESTING IN A CARIBBEAN RENTAL PROPERTY https://caribbeanworld-magazine.com/real-estate/developments/property-news/investing-in-a-caribbean-rental-property/ Thinking of buying a Caribbean villa to generate an income stream? There is plenty to consider before you can sit back and collect the rent in the sun. 
As a source of income, the overseas property market is an exciting option to consider as it can be used as a rental to generate cash and also enjoyed by you with friends and family. The Caribbean has a mature rental sector in the main islands and some emerging areas that are tipped to big in the future. Of course, you can’t buy anything, anywhere if you are relying on vacationers to rent it – the property needs to be finely tuned to match the needs of the self-catering holiday crowd. 
It may seem strange to do this first, but consider the Exit Strategy from the start – you need to be confident what you plan to purchase can be sold if needed. Little use ploughing everything into a home in a location that could take forever to sell. You also need to consider the costs of insurance, to cover for all potential damages. Also the number of weeks, realistically, that your home is likely to generate any rental income – if it is a good 10 months then do plenty of research to establish what vacationers will pay for those 40 weeks and what type of property they favour. Be brutally honest with yourself and work on the worst case scenario: there can be dramatic seasonal fluctuations in tourists from various countries and rates will also vary. 
If your funds allow you to build up a rental “empire” then you are likely to have the disposable income to fund your venture without the constraints of budgeting. If you are an ordinary investor, you will need to be certain the property you buy can earn you the money to repay any you have borrowed, or invested. There can be more costs in some islands than others, so it is important not to consider all the isles of The Caribbean as similar in this respect. Take the time to write up a full, critical list of pros and cons and then use that to guide your decision.
<img src="https://caribbeanworld-magazine.com/assets/_resampled/resizedimage600347-CARIBBEAN-RENTAL-PROPERTY-1.png" width="600" height="347" alt="" title=""/> 
Advantages
Income The biggest benefit of owning a rental property is that holidaymakers will provide you with a direct income stream. If you have bought wisely, the payments you receive will more than offsetting any expenses for the month. For example, if you own a villa that you rent out for $2,500 per week you could earn up to $100,000 a year, based on a 40-week rental window. To make the figures work, you will need to have costs well below this figure so that you make a profit with most, or all, of your direct income stream. Be certain to work to figures aren’t overly optimistic – if the island you buy on, has a 20-week holiday season then use this in your calculations. You may also be restricted on certain developments from renting out at all so be sure to check. 
Income from Property Value Growth
In addition to the rental stream, your Caribbean home can also offer a value gain, through an increase in the property value over time. Changing demands in the area, or an island gaining in popularity can boost property values, even if the villa doesn’t undergo any changes at all. Price gains are a variable thing, as it depends heavily on the area where your rental property is situated. In some areas, the value may rise significantly over the course of a few years, while in other areas it may remain flat. Ideally, this value growth holds pace with inflation at a minimum. If you happen to be in an above average area, you might find that you can beat inflation; on the other hand, a really stagnant area may not yield a gain at all.
Sweat Equity
To keep your property rented out, you also need to factor in sweat equity to ensure you add additional value in terms of maintenance and upgrades. The Caribbean is synonymous with a certain lifestyle and your villa will need to offer this – how upmarket you go depends on the demands of the locale, but most places require a pool and a gorgeous tropical garden. Staying on top of this adds to your costs, of course, but it should pay this back in spades when you decide to sell. 
The Disadvantages
Concentration of Assets
One drawback to investing in a rental property is that for most people, owning a rental property is a serious concentration of their assets. The problem with that concentration is that it’s not diversified at all – so if something impacts that investment it places you in a vulnerable position. Concentration of assets is not a wise investment strategy – although the Caribbean has performed well for millions of investors over the years. However, the more wealth you have, the less this becomes a factor and the more that property ownership becomes a tool for diversification rather than something you’re concentrated in.
Tenant Risk
Tenants aren’t guarantee to be house-proud, clean or honest so you will need to be vigilant when it comes to collecting deposits. Some vacationers will leave the place tidier than when they arrived, out of pride and respect. Others will feel that as they are on holiday, they don’t need to bother with emptying the bins, clearing up or washing the dishes. Rugs can get stained, no smoking signs ignored and bedding ruined. It pays to take a large security deposit, but there still could be a cost and a risk. 
Taxes and Fees and Insurance
Regardless of whether you have holidaymakers in your villa or not, the cost of property taxes, insurance on the property, homeowners’ association fees and bills will apply regardless – so these need to be covered in your costs. It can be painful, as these outgoings cut into your profits if the property is empty and it is coming directly out of your pocket.
Active Involvement
Unless you appoint a managing agent to handle every aspect, your villa in the sun will require notable time to organise repairs, checks and handovers. Hiring a management company is essential if you are a remote landlord – but is another cost that will eat away at the profits from renting out.
Good luck with weighing up if Caribbean rental property ownership is the right move for you! Sun, 10 Mar 2019 12:44:25 +0000 https://caribbeanworld-magazine.com/real-estate/developments/property-news/investing-in-a-caribbean-rental-property/ Retiring to the Sun is Good for Your Health! https://caribbeanworld-magazine.com/real-estate/developments/property-news/retiring-to-the-sun-is-good-for-your-health/ Sunshine boosts levels of serotonin, the body’s natural happy hormone, so there are plenty of great reasons for living on a sun-soaked isle. Sun also helps the heart, eases joint pain lower the risk of some cancers – millions of people cite improved health when they choose to retire to the Caribbean sunshine.
You’ll start the day better
Being woken up gradually by the sun’s natural light switches off melatonin, the hormone that stimulates sleep. This improves your energy and mood without the “fight or flight” stress of an alarm clock forcing you awake. You’ll wake up at your own pace and benefit all day from a calmer, clearer mind.
It boosts your mood
Sunshine boosts levels of serotonin, the body’s natural happy hormone. Just five minutes of sunshine is enough to make you feel less stressed, according to research published in the Environmental Science &amp; Technology journal – imagine how the day-long sunshine in The Caribbean could make you feel?!
Your memory works better
The high level of vitamin D in the bloodstream can boost memory and protect against dementia, according to studies in the Journal of Neurology, Neurosurgery &amp; Psychiatry. Sunshine boost our vitamin D levels, improving memory and speeding up our ability to process information. 
Things hurt less
Being out in the sun helps to warm the body’s muscles and eases stiffness, reducing the pain caused by inflammatory conditions such as arthritis. Millions of retirees abroad cite sunshine as a major health boost as they experience less joint pain and muscle pension thanks to the warm, health-giving properties of day-long sunshine. 
It helps weight loss
Morning sunshine can help lower body fat, according to scientists. As the most potent agent in synchronizing a person’s body clock, light regulars the circadian rhythms which, in turn, also regulate energy balance, says Dr Phyllis Zee, professor of neurology at Northwestern University Feinberg School of Medicine. Not getting sufficient light can muddle your internal body clock, altering the metabolism and causing weight gain. Serotonin can also act as a natural appetite suppressant for some people.
It aids longevity
Sunshine contributes to longevity, especially when combined with a healthy diet based on natural ingredients free of preservatives and processing. In The Caribbean, fruits and vegetables are found in abundance with seafood, rice and locally-grown fresh produce the mainstay of most diets. Tue, 05 Mar 2019 13:30:52 +0000 https://caribbeanworld-magazine.com/real-estate/developments/property-news/retiring-to-the-sun-is-good-for-your-health/ Caribbean Real Estate On The Up https://caribbeanworld-magazine.com/real-estate/developments/property-news/caribbean-real-estate-on-the-up/ Although some islands continue to feel the impact of Hurricane Irma, the Caribbean region as a whole is recovering well from 2017’s devastation. A sizeable number of the Caribbean islands were unaffected - including Barbados, Mustique, Grenada and St Lucia. - but the knock-on effect caused real estate sales to fall in Mustique and The Bahamas. British, US and Scandinavian buyers remain the most active, according to Edward de Mallet Morgan, head of Knight Frank’s Caribbean desk. Sales in St Barts are strengthening with significant investment earmarked to renovate some of the island’s landmark hotels. In Barbados, property prices have consolidated since the new Government’s radical economic policy was introduced in 2018. Investor buyers, who purchase in Mustique to rent out their villas, are primarily from Europe and the US. The Bahamas, still hugely popular with buyers from North America, continues to generate some of the largest sales volumes in the Caribbean. The Forbes Real Estate Council has tipped waterfront properties in the Bahamas as an “opportunity that will grow” for 2019. Waterfront villas are selling for ten cents on the dollar compared to the Florida market, which is only a 20-minute flight away for Nassau. Tue, 05 Mar 2019 12:57:32 +0000 https://caribbeanworld-magazine.com/real-estate/developments/property-news/caribbean-real-estate-on-the-up/ Cat Island is Feline Good https://caribbeanworld-magazine.com/real-estate/developments/property-news/cat-island-is-feline-good/ It is one of the Bahamas’ great undiscovered escapes: a destination that offers sweeping untouched sands and pristine sparkling waters. The 50-mile-long island boasts the highest point in The Bahamas, Mount Alvernia - the home of a historic Hermitage monastery. However it is the incredible array of beaches that Cat Island is most famous for, most notably the soft pink sands of beautiful Greenwood Beach. 
As one of the Caribbean’s best-kept secrets, Cat Island is now firmly on the travel map thanks to fast-expanding regional carrier Silver Airways. The airline’s recently-launched twice-weekly flights are already proving popular, serving Cat Island from Florida’s Fort Lauderdale International Airport. 
Silver Airways offers connections from major cities across the United States, including New York City, Boston, Chicago, Los Angeles, and Washington, DC thanks to interline agreements with JetBlue Airways, United Airlines, American Airlines and Delta Air Lines. Cat Island is the latest new route for Silver, which last year acquired Caribbean regional carrier Seaborne to build a broad route network in Florida, The Bahamas and the wider Caribbean.
“We are thrilled to be adding Cat Island to Silver’s already extensive network of Bahamian Out Islands, which includes more routes between Florida and the Bahamas than any other airline,” said Silver Airways CEO Steve Rossum.
The service operates on Wednesdays and Saturdays. Flights depart Fort Lauderdale at 12-noon, with return flights from Cat Island at 14:10.
Visit Bahamas <a href="https://caribbeanworld-magazine.com/#www.bahamas.com">www.bahamas.com</a>
Silver Airlines <a href="https://caribbeanworld-magazine.com/#www.silverairways.com">www.silverairways.com</a> Tue, 05 Mar 2019 12:17:51 +0000 https://caribbeanworld-magazine.com/real-estate/developments/property-news/cat-island-is-feline-good/ Big Year for a Small Island https://caribbeanworld-magazine.com/real-estate/developments/property-news/big-year-for-a-small-island/ 2019 has already been a major milestone for the island of Tobagofollowing a bid to further distinguish itself as a destination a destination in its own right. Before now, Tobago’s stunning natural beauty has been paired with the lively party atmosphere of Trinidad, a contrast in character to its sister isle. Under the tagline “Tobago Beyond” the island’s sea and beaches, ecotourism, culture and heritage, soft adventure and romance and weddings offerings have been publicized world-wide. Plans to encourage visitors to share their experiences on social media using the hashtag #101thingstodointobago are also underway. Tobago has the longest protected rainforest in the western hemisphere and is home to one of the highest densities of bird species and the largest brain coral in the world. Visitors enjoy an off the beaten track feel a world away from traffic jams,the fast pace of city life, and major food chains, such as Starbucks. The Tobago Government has conserved large swathes of forest rather than cut it down for theme parks. Visitors tend to be couples or small family groups so the island remains blissfully free of crowds.
Additional plans to upgrade tourist infrastructure has been confirmed by the Tobago Authorities including the construction of a new terminal at the Arthur Napoleon Raymond Robinson International airport and the redevelopment of Tobago’s cruise port. Several big-name hotel brands have announced they plan to open on the island, including a Sandals and Beaches resort for 2020.
Trinidad &amp; Tobago Government website <a href="http://www.ttconnect.gov.tt/">www.ttconnect.gov.tt</a>
Tobago tourist board <a href="http://www.visittobago.gov.tt/">www.visittobago.gov.tt</a> A. N. R. Robinson International Airport <a href="http://www.tobagoairport.com/">www.tobagoairport.com</a> Tue, 05 Mar 2019 05:39:37 +0000 https://caribbeanworld-magazine.com/real-estate/developments/property-news/big-year-for-a-small-island/ What's Really Hot in Real Estate https://caribbeanworld-magazine.com/real-estate/developments/property-news/what-s-really-hot-in-real-estate/ Our round-up of all the latest developments and the coolest places to live in the Caribbean sunshine.
<h2>Grenada</h2>
The Caribbean island of Grenada is set to become the latest territory to off er residency through the revival of a Citizenship by Investment programme.
Already successfully adopted by nearby islands St Kitts and Dominica, this strategy will undoubtedly vastly increase popularity and levels of interest in the island off ering property investors rights of citizenship along with the associated visa free travel benefits.
Ray Withers, CEO of multi award-winning international investment agency, Property Frontiers, comments, “We have long been believers in the Grenada market which has performed well over recent years and continues to outpace its Caribbean rivals. However, the government recently announced a policy that is expected to drive unprecedented levels of growth - Citizenship by Investment.
Property Frontiers is selling luxury villas at Bacolet Bay Beach Resort, Grenada. Bacolet Bay Grenada is a hotel and spa resort designed to meet the island’s need for high quality rooms and private accommodation. Each property has substantial indoor / outdoor living areas and its’ own private plunge pool. Amenities include hotel concierge, food and beverage and spa services, property and rental management and security.
Only a small number of villas remain in the very best locations on the resort. South and south-west facing with panoramic sea views or waterfront access, they benefi t from all day sunshine, cooling breezes and classic Caribbean sunsets.
With prices starting from for a Hotel Cottage at US$477,750 or a one bed villa from US$750,750 and a two bed villa is US$1,365,000.
<h2>Bahamas</h2>
<img class="left" src="https://caribbeanworld-magazine.com/assets/_resampled/resizedimage300451-Screenshot-2014-06-06-16.06.49.png" width="300" height="451" alt="" title=""/>
BAHA Mar, the $US 3.5 billion resort development on The Bahamian Riviera has announced the launch of exclusive programmes off ering property purchasers prestigious memberships and fi nancial benefits. The series of three offers available for a limited time only has been formed with the global buyer in mind, providing a leaseback return guarantee, economic citizenship option and the opportunity to become a founding member at the Bahamar resort.
Baha Mar will boast a total of 2,200 rooms across four new hotel brands including Rosewood Hotels &amp; Resorts, Mondrian a Morgans Hotel group property, Hyatt Hotels and resorts and the Baha Mar casino &amp; Hotel Residences are available to purchase at the resort with prices starting from $US 1.5 million.
<img class="right" src="https://caribbeanworld-magazine.com/assets/_resampled/resizedimage300222-Screenshot-2014-06-06-16.06.31.png" width="300" height="222" alt="" title=""/>Three luxury three-bedroom residences designed by the acclaimed Benjamin Noriega-Oritz have been released at Baha Mar. The designer was commissioned by Morgans Hotel Group to create its exclusive offering at Mondrian.
<h2>Barbados</h2>
There is a last opportunity to purchase a completed semi-detached, four bedroom town house style villa on Sugar Cane Ridge on the exclusive Royal Westmoreland estate in Barbados. The other nine properties in the phase have all been sold over the last eighteen months for prices between US$1.25 million and US$1.59 million.
The villa makes an ideal buy-to let residence due to its close proximity to the estate’s extensive amenities including the first tee of its championship golf course, the golf Club House, practice area, Tennis Garden and the Sanctuary pool and gym Featuring a contemporary interior with an ‘upside down’ design to maximize the panoramic views and cooling breezes, the living and dining areas are situated on the first floor. Large French doors open up the elegant open plan lounge to a covered south facing terrace where the scents of the tropics, and glorious views of the sea, can be enjoyed to the full.
A ground floor master suite with luxury en-suite bathroom boasts a large sitting area, opening to the garden and patio whilst the two ground floor guest rooms link to a generous family bathroom suite. A fourth en-suite master guest bedroom of equally generous proportions is provided on the mezzanine floor. Th e luxurious kitchen features Miele appliances throughout. A duty free furniture package is available from US supplier Esprit Decor, which makes for easy furnishing of the home for overseas owners.
<h2>St kitts</h2>
Park Hyatt – Groundbreaking on the Park Hyatt hotel at Banana Bay, Christophe Harbour, took place earlier this year. The final project will feature 200 hotel rooms and 50 branded residential condominiums. Phase One of construction has begun and will include the completion of 125 hotel guest rooms, two food and beverage outlets, a fitness center, a 12-treatment room spa and more than 7,000 square feet of meeting and banquet space. The second phase of construction will include the completion of the 75 remaining guest rooms and a third food and beverage outlet. The hotel is scheduled to open in the winter of 2014/2015.
Kittitian Hill – The name of the 84-unit cottage hotel has been announced as ‘Belle Mont Farm,’ the residence area villas will be known as ‘YaYa Groves,’ and the 18-hole championship golf course ‘Irie Fields.’ Together they will comprise the Phase One opening that will take place at the end of 2013. Kittitian Hill has also announced that it has acquired the Golden Lemon Inn and commenced redevelopment of this historic property located on the northern coast of St. Kitts at Dieppe Bay. Fri, 06 Jun 2014 16:06:10 +0000 https://caribbeanworld-magazine.com/real-estate/developments/property-news/what-s-really-hot-in-real-estate/