Saint Lucia is a small island that lies on the border between the Caribbean Sea and the Atlantic Ocean. Due to its volcanic formation, it is more mountainous than many of the other Caribbean islands. Despite this, it boasts beautiful sandy beaches with clear seas, and large amounts of tropical forests also cover parts of the island.
Saint Lucia is one of the undiscovered gems of the Caribbean, although this is beginning to change. Unlike its more popular neighbors, it has not yet seen much development. It is still possible to find a secluded property in St. Lucia and not be overrun by tourists. This situation may not last much longer, the government is actively promoting the tourism industry. At the moment, it is still possible to buy an affordable house in a secluded place.
Saint Lucia has not yet been that developed, at least compared to other Caribbean islands. It is still possible to find a secluded property on the island, something that attracts a lot of people. However, it may not stay that way for long. The government is actively encouraging the growth of the tourism industry and that means more and more development on the island. This is great for people buying investment property as it will increase the value of their land. However, for people looking for a secluded place to retire, it’s not so great. On the plus side, if you find that there are too many tourists, you will be able to sell your house for a profit and find a new location to retire.
Although for some people this development can be seen as a negative, for most it is a good thing. The property is still available at a relatively low price, but that will change in the future. As the island grows in popularity, property values in St. Lucia will skyrocket, making it a great investment for people who get in early. Property values have been rising at more than ten percent a year for more than a decade and that is unlikely to change anytime soon. The government is actively encouraging both tourism and foreign investment, which means growth is likely to continue well into the future.
