So with the world banking institutions in turmoil and no credit available what do investors do?
According to Simon Jones, market analyst at http://www.internationalhotproperty.co.uk “investors really have two choices, firstly they can sit tight and be safe as one can be with the banks being more financially vunerable than they have been in most peoples living memory or secondly they can target the property investments in emerging property markets that haven’t been hit as hard by the western credit crunch. Investments such as St Vincent in the Caribbean offer huge investment opportunities with some UK investors getting up to 100% funding which is unheard of in the current credit crunch”.
St Vincent property very much represents everything you could possibly want from an emerging property market and more. Huge demand for property especially for the rental sector, A Government committed to encouraging Tourism and most importantly travelers who want to visit the island. Property prices on St Vincent are a fraction of that of its neighbors. With the expected increase in popularity as a tourist destination with high occupancy of Hotels thus bringing International property investors can only be good for property values in St Vincent. The real icing on the cake is that the government will not be charging capital gains tax for Investors who invest in certain property developments on St Vincent and they plan to make such investment tax incentives available for up to 20 years.
Simon Jones also reckons that “ the International Hot Property investment opportunity is quite unique in that it has a guaranteed 70% not status mortgage, a guaranteed 10% rental guarantee, 30 days free use of the property and in some cases funding for the 30% deposit with those payments being deferred until completion of the property”
For those investors still wishing to make money in the current climate St Vincent might just be worth a closer look.
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