Getting Ready for the Festive Season – Is a New Home on the Horizon?
Regardless of the surge in the COVID 19 Pandemic in many parts of the world – Life goes on and everyone is confident that this too shall pass. It is this feeling that pervades the Real Estate Industry as demand for housing in the USA in particular continues to grow, outperforming last year’s sales considerably. It is inescapable to ignore the importance of the USA (a source market for Caribbean tourism) and by extension investment.
While we welcomed the opening up of airports in the region and incentive programmes for visitors seeking to work from overseas, there have been some setbacks such as the withdrawal of countries from the regional bubble which allowed easy access to citizens of some CARICOM members states, and the temporary suspension of British Airways flights due to the need to lockdown the UK as a result of the surge in the virus. This was unfortunate but necessary.
It is predictable that there will be a spill over and the overseas 2nd home market will be called into action. Proof of this probability is obvious by the immediate response by tourists to return to warm water destinations. When tourists are interested in the Caribbean, investors and returning residents will follow suit. St. Lucia – Simply Beautiful and Blessed is well poised to outperform competing markets as tourists pack their bags seeking to get away from COVID 19 surge, especially at a time when the cold weather is likely to cause increased spread of the virus.
The peoples of the world got an early Christmas gift with the announcement that a Pfizer’s vaccine is very likely to be available before the end of 2020. This is great news! The economy will get a boost as the workers will be exuding greater confidence as they rise above the fear of the virus.
Realtors and their clients must set to implement a strategy of FIRST MOVERS to reap the benefits of any substantial demand on the Real Estate market. Investors in stocks and real estate are bullish and the markets are likely to soar as we come to the end of the year while heralding a prosperous 2021 and beyond. Now is the time to buy property while the markets in the CARICOM region with few exceptions such as Guyana, are still in decline. However, this will not be for long, should the virus be brought under control with the availability of the vaccine, property prices are very likely to increase in the second quarter of 2021.
Many people around the world will not have the usual Santa experience this year. That special reassuring hug that the children enjoy so much will definitely be missing as the world celebrates the Joy of Christmas! We must not forget that families everywhere are reviewing their real estate investment strategy and many will be in the market to acquire property during the Festive Season.
Here is a special advice to Vendors, who are advised to prepare their properties for VIEWING, clean up, paint up, apply the curb appeal, and reveal the special features of your property. To Buyers, you are advised to establish relationship with your Real Estate Agent/Broker and let him know what type of property, (give full details) that you are seeking to acquire. There are listings that are never advertised. They are referred to as Pocket Listings. An agent always has a deal for you. It is a relationship that yields DIVIDEND.
Ed Harris Real Estate Services will seek out the property of your dreams, whether it is land or land and building. The Agency’s Motto is “Tell us your needs, we bring the experts together.” Through our Network of collaborating Agents, we offer services in the areas of Sales, Rentals and Property Management for Residential, Commercial, Industrial, Touristic, and Agricultural Properties.
Please visit our website and request Free E-books on Investing, and Owning Property in St. Lucia. https://stluciagreatpropertydeals.com
