GET READY FOR THAT SPECIAL TIME OF YEAR!
“The bottom line: investing in real estate is smart because property is tangible. People always have, and always will, need shelter. This means it is very unlikely that our need for shelter (ie: buying or renting homes) will ever go away.” Kathy Fettke, Co-Founder and Co-CEO of RealWealth
Happy Thanksgiving to our friends in the U. S. A. Inflation will stop nothing! Many families and friends are busy making last minute arrangements to hit the road utilising the most affordable means of transportation. No virus will prevent this holiday season from being another record breaking period of travel. Once people are on the move, there will be opportunities to do business.
This is also the time of year when Retailers play catch up to achieve their annual sales budget. There is no difference in the Real Estate Industry. Looking at how it plays out in the Caribbean, this is the time when overseas residents return home for the Festive Season to be with relatives and friends. The winter season for the tourist industry picks up steam after the Festive Season when visitors from around the world flock to the beaches of the Caribbean.
Regarding St. Lucia’s Real Estate Industry at this time, the reliance has shifted heavily to returning residents and Foreign Direct Investment in relation to purchases for residential, commercial, and touristic properties. Demand for rental properties remained steady until the recent flash floods in the North of the island where there was a rush for accommodation, as a result of the level of loss of household and personal effects. St. Lucians are resilient and whenever there is a disaster, we bounce back. Everything is going to be alright and the island will be back in business, even with a limited inventory of rental properties now available. Hopefully, the sales of properties will step in to assist Agents in realising their projected income for 2022.
The economy is gradually being revived and it can be expected that the situation will improve as we say goodbye to 2022 and welcome the first quarter of 2023. There are a number of deals available to investors and potential home owners at this juncture as the economy goes through a period of adjustment. However, any individual seeking these opportunities are advised to contact their local Banker and get prequalified for the amount that can be borrowed. Once the borrowing level is established, the next step is to inform your friendly Realtor of your interest and provide him/her with details of the type of property being sought and the location. This is likely the largest investment you will make in your life and should be dealt with as such. Arrange to sit down with your Banker and Realtor to ensure that all your concerns are dealt with face to face. Don’t be afraid to express your expectations and concerns.
This is a great time to give yourself and your family a gift of a residential property or invest in an income property. We will be pleased to assist you in turning your dreams into reality. You are invited to visit our website at: https://remax-ccamls.com/edward-harris
Stay safe!
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Stay tuned.
Edward Harris
Blogger/Business Consultant/Realtor/Broker
Mobile/WhatsApp: 1-758-485-1456
