Why Invest
St Lucia is an established and increasingly popular holiday destination that is also one of the most accessible - three major airlines from the UK provide a direct service to St. Lucia (9 hours), and a direct service is available from the following US airports - New York (5 hours), Miami (3 hours), Charlotte (4 hours), Philadelphia (5 hours) and Atlanta (4.5 hours).
St Lucia has a stable economic and political environment with a high probability of price appreciation over the next ten years. St Lucia has many of the same advantages as Barbados but property prices are currently 60% lower.
The World Bank has recently placed St Lucia in the top 30 countries in the world to invest, making St Lucia the only Caricom country to make the top 30, ahead of Barbados and Antigua.
The general crime rate in St Lucia is one of the lowest in the Caribbean, making it a safe haven for tourists and for living. What’s more the island benefits from a stable government and economy, and there are very favourable tax concessions for property buyers from overseas: No Rental Income Tax, No Capital Gains Tax, No Inheritance Tax, No Repatriation Tax.
The island is still unspoilt and undeveloped, although several new developments have recently been started. The government sees expansion of tourism as a key objective and the growing popularity of the island for holidays mean that there is excellent rental potential for properties.
The real estate sector in St Lucia is booming. St Lucia is still one of the most reasonably priced islands in the Caribbean for property acquisition with prices 60% lower than on Barbados. Property prices have increased by around 40% per annum for the last 2 years, and are projected to continue to rise for the next 5 years.
This all points to a fast maturing property market in St. Lucia with increasing prices, making an early commitment to a home a sound investment in lifestyle and real estate.
