It is already happening; people around the world are exhaling now that COVID 19 restrictions are relaxed. Summer 2021 in the Northern Hemisphere will begin on Sunday, June 20 and end on September 22, 2021. I am ready to predict that this Summer will break all previous records in air travel, shopping and entertainment recorded at this time of year. No one will be able to stop the party. The pent up emotions will be released like never before. The celebrative mood will linger all the way into the Christmas holidays.
It is one great thing about the USA, the people who make money – the investors, the entrepreneurs, the businesspersons never take their eyes off the ball. Making money is their second nature. As we turn our eyes to the real estate industry, there will be a shortage of residential properties for a long time as developers play catch up. As a result, prices are rising as buyers seek to out bid each other to get the property of their choice. There is a lot of money in the market, many persons have cashed in on the various money market gains. The smart investors know when to take the profits, and many Crypto investors have done just that. The stock market has also been playing its part in delivering profits to its shareholders.
It is a great time to be an investor, for many, going forward, investing will no longer be a passive exercise; it will be a full time project. Information is key. Those of you who are reading my blog will be happy to learn that the property market in St. Lucia is operating at almost 33% below market value, while in the USA, the market is operating at around 25% above market value. Those persons who are seeking vacation homes are best advised to look beyond the borders of North America and invest in the sunshine Caribbean, beginning with Saint Lucia, an island State where the lifestyle is beyond the expectation of the most discriminating investor and vacationer.
Here are my selected property specials for the Summer.
1. Well developed land in La Caye, Dennery, all infrastructure in place, including – all weather road, water, electricity, fantastic view of the Bay. Price: EC$13.50/US$4.97 per sqft. Just a few lots left.
2. Dugard Ridge, Ti Rocher, Micoud, a brand new development (48 Residential Lots) to be launched July 7, 2021. Price EC$10.50/US$3.87 per sqft
3. Residential Property in Canelles, Micoud reduced from EC$1.4M to 1,100,000.0 (1M)/US$404,873.00. This is a great investment – 4 Bedrooms
4. Land in Canelles, Micoud reduced from EC$30.00 to 25.00/US$9.20 per sqft
5. Prime Commercial Building in Vieux Fort from EC$1.9M to 1.6M/US$588,907.00
6. Commercial Buildings/Warehouses. Very attractive rates per sqft.
EVERYTHING IS NEGOTIABLE FOR SERIOUS BUYERS. Let us make a DEAL!!!
Our beaches await you!
Recommended reading – Introduction to Investing in Real Estate in Saint Lucia
Get your Free Copy at https://stluciagreatpropertydeals.com/shop/
Here’s wishing you every success in your real estate investing in Saint Lucia.
Stay safe. Exercise caution as you enjoy the upcoming Summer Season!
Edward A. Harris, Real Estate Agent/Broker
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