St. Lucia has been described as "One in every of the World's most beautiful islands" by Conde Nast Traveller magazine and is listed in Oprah's O magazine as "..... one in all the top 5 places in the planet that you simply should visit before you die!". St. Lucia is only 238 sq miles in area, but inside that space is some of the most numerous landscape that can be found in any of the Caribbean Islands, ranging from lovely golden beaches and amazing rain forests, to gorgeous mountain vistas.
St. Lucia enjoys year round sunshine with temperatures rarely exceeding 32 degrees and most areas enjoy the cooling tropical breezes that often cross the island from the Atlantic Ocean in the east, to the Caribbean Sea in the west.
St. Lucia edges from economic and political stability and seems to possess one thing for everyone. It's already established itself as a yachting haven, being one amongst the hosts for the Atlantic Rally for Cruisers. It's a growing number of world category signature golf courses and an in depth music calendar that includes the globe renowned St. Lucia Jazz Pageant, recently featuring the likes of Anita Baker, Michael Bolton, Dionne Warwick, Wycliffe Jean and several other internationally renounced artists.
It is for the above and several different similar reasons that St Lucia has become one amongst the most sought after locations in the Caribbean for second home homeowners, investors and people wanting to retire during a tropical and safe environment.
Over the past two years St. Lucia has seen a growth in its property (house and land) costs of between eleven-21%, with the strongest growth being in the asked for north of the island. In particular there was an explosion in the growth of luxury waterside apartment, condominium and townhouse communities. These embrace the Landings, The Reserve, Allamanda, The Harbour and the Seaside. Additionally for those preferring their ocean views to incorporate golf course views and beautiful mountain vistas, there are condominium developments like Zara Villas and therefore the soon to be registered prestigious Belle Vue Heights.
Several of those new developments offer a tax-friendly tropical lifestyle for both investors and live-in homeowners with property and income tax holidays of up to fifteen years.
Clearly there is a limit to the provision of prime development sites for the sort of properties described above. Given the relative tiny size of St. Lucia, along with the recent boom in these new developments, now is the time to pick the best spots for a home in Paradise.
With the recent credit crunch within the USA and Europe, the St Lucia market is comparatively stable. However there is little question that once the credit crunch is over, the island will still expertise the recent fast growth within the property market, till costs become equivalent with those experienced in neighboring Barbados. It is because of this, and the shortage of future prime development sites, that currently is the time to speculate within the Paradise island of St Lucia.
Author Resource:-
Doris Hill has been writing articles online for nearly 2 years now. Not only does this author specialize in Pets, you can also check out his latest website about:
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