There are few destinations in the world that are as coveted as the Caribbean. Between the beaches, the weather, the food, the people, and the atmosphere of these island countries, people from around the planet go to the Caribbean every year for vacation. But what about the people who love it so much they move to the region full-time? If you are thinking about retiring on an island paradise or want to invest in one of the growing economies, below are the best places to buy property in the Caribbean.
The Bahamas
One of the best places to buy property in the Caribbean is the Bahamas. Ask anyone what they think of when they think of the Bahamas and they’ll probably mention the beautiful clear water and right after that they’ll probably start talking about luxury Bahamas real estate. This island paradise is one of the most popular vacation destinations, but for those who can afford to create their own paradise it has become a magnet for relocation. With incredible landscapes, a tourist economy, and the ability to get more for your money, if you are looking for a place to settle down in the Caribbean don’t overlook the Bahamas. It isn’t the wealthiest country in the world, which makes it a hotspot for foreign investors. It is also known as a place where you can get tax advantages. Bring money and work to the Bahamas, people will welcome you.
Jamaica
Jamaica is a diverse and complicated nation in the Caribbean. Known for reggae, jerk chicken, and as the destination agent 007 goes to get away from it all, Jamaica is an amazing place to visit. While there are political and economic issues in Jamaica, if it is your goal to create your own world it can be done on this island country. Locals have mixed emotions about foreigners coming to their country. If you become a part of the local culture instead of avoiding it, the people will accept you more readily. Jamaica has some of the best beaches in the world, and they are up for sale to wealthy foreigners by the government.
Dominican Republic
While the Dominican Republic, otherwise known as the DR, is imperfect, it avoids many of the problems of its Caribbean neighbors. If you are looking to invest in Caribbean property for profit, look no further than the Dominican Republic. With a growing economy, bustling tourism industry, and plenty of property opportunities, buying a home and renting it out when you aren’t there is a great way to make some money on the investment. The cost of property in the DR will go up. Unlike a lot of Caribbean countries, things are moving in this amazing island country with friendly people.
Barbados
You’ve probably heard of the country Barbados. Perhaps you know that Rihanna is from there, but how much do you really know about this island nation? First off, it’s gorgeous. Less developed than many other island countries, Barbados has an authenticity to it. Furthermore, real estate is booming in the country. Not only will you be able to get in before prices go up, but the country will also even give you citizenship for buying in Barbados. Since the island isn’t as developed as some of their neighbors, you will still get the luxury lifestyle and seclusion from tourists. Barbados is a great option for so many reasons.
St. Barts
If full-blown luxury and seclusion is your goal, maybe you should investigate St. Barts. This island is breathtaking. It’s known for its white sand beaches, but that’s not all. It is also famous for its shopping. St. Barts is where the rich go to play. While property won’t be as cheap as it is in the Dominican Republic, in St. Barts you are paying for the ability to immerse yourself in your own creation. Furthermore, it’s a French-speaking island so if you know French you will have an advantage. The only downfall is that the island is volcanic. If you like a splash of danger with your luxury, St. Barts is incredible.
Most of the Caribbean is gorgeous, but the rest of these island countries tend to differ from one another. Whether you are looking for a good investment opportunity, amazing locals, or the ability to get away from everyone and live in pure luxury, there are plenty of options. Whatever your style, there is an island in the Caribbean for you.
Ryan Beitler is a writer and traveler who has written for dozens of publications.
