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Friday, 18 July 2008 00:00 |
For some investors looking for a second home, their idea of paradise is to buy a property on their own desert island.
The Telegraph has reported on a trend that has taken off in the Caribbean island of Ambergris Cay which, they say, offers "a modern take on "Stevenson's "age-old romance" of palm-fringed beaches and blue lagoons".
Tim Weller, group chief executive of Incisive Media and a founder resident of Ambergis Cay, explained why he was drawn to buy property in the Caribbean.
He said: "One house was half-built and there was no runway, but it was amazing. You don't get many places where you just walk on to the beach from your garden."
Ambergis Cay is in the British territory of Turks and Caicos which have tax-free status, but the Telegraph reported that it was the "favourable rate of the dollar and the lifestyle" that attracted the Wellers to the Caribbean.
Those that want to invest in a more densely populated area of the Caribbean that still attracts visitors with its white sandy beaches can look to the Dominican Republic.
According to the Global Property Guide, "a recent swarm of foreign investors has put it truly on the map for luxury property investment". |
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