Grenada property is set to be a leading seller in the Caribbean market this year, because it offers the perfect balance of stability, luxury and affordability, which will see it bring demand from the largest cross-section of the overseas property buying society.
Many property companies have stated that Caribbean property is currently among the best sellers, because it has proven its stability during and resistance to downturns in the global economy.
However, others have suggested that this stability could become a hindrance now that risk appetite is once again on the increase, and we are seeing an increase in the numbers of low budget lifestyle buyers, and semi-speculative investors, who are both hungry for the bargain filled markets.
This is where Grenada property could benefit, because it holds the middle ground. Grenada has all the attributes the Caribbean is famous for, of course, great beaches, warm climate, friendly environment, and Grenada property is built to the same level of luxury as the Caribbean's top markets. Where Grenada is different is that it is an emerging market within the established Caribbean, and as a result property prices are much lower.
Whereas a 2 bedroom villa will cost upwards of £1million in Barbados, you can buy a 2 bedroom villa in Grenada for a little over £642,000. And that is not a plastic prefab in the middle of nowhere either; it is a luxurious, spacious, new 2 bedroom villa, in an award-winning development.
Bacolet Bay is set in 41 acres of tropical gardens, all frontline to the white sands of one of Grenada's top beaches. To the back of the resort a rainforest sweeps upwards, and those at the back of the resort can enjoy the sights and sounds of nature at its best. Bacolet Bay won the CNBC Best Development Award in the 2007 International Property Awards.
The resort is being marketed in the UK by Property Frontiers, who themselves have just won an award, best large agent in the Overseas Property Professional industry awards in conjunction with the Association for International Property Professionals. At a time when buyers are insecure accolades like that can really put people at their ease to decide on what countries and properties are right for them.
If Grenada is on their shortlist then Bacolet Bay, offering studio cottages from just £333k will undoubtedly warrant closer inspection. Especially when the extras, like free furniture packs and a 10% guaranteed rental yield for the first 3 years are taken into consideration.
No comments:
Post a Comment