In these times, nothing is certain. Everything keeps fluctuating far too rapidly for us to adjust properly. People are getting increasingly worried about the future, be it their own or their families and are thinking of long term benefits over short term ones. And wisely so. One of the ways you can plan ahead is to invest in a real estate property in the Caribbean. There are certain distinct advantages as to why a property should be bought and why specifically in the Caribbean.
- Citizenship by Investment Program:
The primary benefit of acquiring a property in the Caribbean is not just having a financial cushion to protect you from any economic shocks but to also procure you an excellent geographical location for you to reside in. The Citizenship by Investment program enables applicants who have made an officially approved investment in real estate of a minimum of $400,000 USD to acquire a citizenship status in Antigua and Barbuda.
- Fruitful Market:
During the last decade, the US real estate market had suffered terribly with its effects reaching all across the globe. Even now, it still hasn’t fully stabilized back. However, the real estate market in the Caribbean is thriving. While this decade is nearing its end, the Caribbean real estate market has seen tremendous growth and is expected to rise even further.
- Tax benefits:
With regards to the value of dollar being fluctuated continuously, the most important benefit for having a real estate property in the Caribbean is the tax-free benefits. Majority of the islands in the Caribbean are tax-free which has made it an extremely popular location both for traveling and vacationing purposes and residing.
- Easy renting:
Caribbean Islands are famously known for their vacationing spots and are ever popular for tourists. In 2015, they were the number one popular destinations for honeymoon plans. Because of the enormous influx of tourists every year, you can rent out your property and can have a steady stream of secondary income which is extremely beneficial if you want to secure your future for your family.
Apart from all this, there are many other benefits in having a Caribbean property, especially in these times. It is ideal for you if you want to think long term and secure a solid foundation for your future.