With US Marketing Cooling, Real Estate Investors Should Look To
The Caribbean
While last few years have seen an unprecedented expansion in US
real estate markets, recent signs suggest that the air is
beginning to leak out of the property bubble. Mortgage rates are
rising and the average time to sell a home is increasing as well.
With the US marketing slowing, it's a good time for real estate
investors to look outside the United States for opportunities.
One such opportunity is in the Caribbean. Investment in island
vacation homes can be a shelter from a possibly stormy US real
estate market.
What to Look For Before investing in Caribbean real
estate (or any overseas property, for that matter), you should
weigh a number of factors that affect property values and the
ease with which you can invest. In most cases these issues are
minor and can be solved with the help of a local realtor, but
you should be aware of them all the same.
Local Property Laws You should first know the local laws
regarding the purchase of land by foreigners. In some countries
you cannot purchase property without forming a local
corporation. Other countries have more lenient regulations. In
Honduras, for example, you can purchase up to