http://www.bahamas-travel.org/grand-bahama-newspapers-bahamas/
Buying a piece of the Caribbean
The Caribbean, the playground of the rich and famous, has been increasingly affordable. The depreciation of U.S. dollar against major currencies such as sterling and the euro, has made Caribbean properties more attractive.
More affordable … but is not cheap! Property prices in more popular and developed islands can easily reach over one million U.S. dollars for a house and lot near the beach.
In its recent survey of property prices in the Caribbean (March 2008), the Global Property Guide finds that in Bermuda, the average price of a three-bedroom house and lot U.S. is about $ 1.5 million.
In Grand Bahama, Bahamas, a similar property costs around U.S. $ 1.4 million, according to figures from Global Property Guide.
Property prices in highly developed areas such as Bermuda and the Bahamas more than U.S. $ 7,000 per square meter
Coastal Property in Barbados are also expensive, about U.S. $ 6,700 per square meter in the British Virgin Islands (BVI), U.S. Virgin Islands (Virgin Islands) real estate prices are around U.S. $ 5,000 per square m. San Martin also has properties in the U.S. faces about $ 5,300 per square meter
Property prices in Saint Kitts and Nevis, Puerto Rico, Martinique, St. Lucia and Antigua and Barbuda ranging from U.S. $ 3,170 U.S. per square meter $ 4,500 per square meter
The Caribbean more properties located in Jamaica, Aruba and the Dominican Republic, with prices ranging from U.S. $ 1,300 per square meter to $ 1,500 by square meter for houses near the beach.
For buyers of apartments, Bermuda and Turks and Caicos Islands (TCI) are among the most expensive with prices around U.S. $ 5,000 to USA $ 8,000 per square meter A two-bedroom costs around U.S. $ 841,000 in Bermuda and the U.S. $ 670.000 Turks and Caicos Islands.
Despite these high prices, the properties in the Caribbean are now considerably cheaper than coastal properties in Mediterranean Europe. For example, prices of apartments in Barcelona are around U.S. $ 10,000 per square meter, more than double the price of flats in the Bahamas or the Cayman Islands.
Apartments in Jamaica and Aruba are among the cheapest in the Caribbean at around U.S. $ 1,500 per sq. m. Apartments and condominiums are relatively New features in the housing market in the Caribbean. Most properties are new and come complete with all amenities.
# # #
Description:
The Global Property Guide is an online property research house.
Terms of Use:
On-line newspapers, magazines, sites, etc wishing to use material from this release you must click on a link to the sites and periodicals www.globalpropertyguide.com are not provided a link to our site will be removed from our press list.
Economics Team:
Prince Christian Cruz Senior Economist
Phone: (+632) 750 0560
Mobile: (+63) 917 735 2228
Email: prince@globalpropertyguide.com
Editor and strategist:
Matthew Montagu-Pollock Phone: (+632) 867 4220 Mobile: (+63) 917 321 7073
Email: editor@globalpropertyguide.com
Address:
Global Property Guide
http://www.globalpropertyguide.com
5F Electra House Building
Esteban 115-117 Street
Legaspi Village, Makati City
Philippines 1229
info@globalpropertyguide.com
About the Author
The Global Property Guide is a research publication and web site for the high net worth investor in residential property – providing information about the process and benefits of buying property in any country in the entire world.
Bahama Breeze Coupons