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'Fly-to-let: the best places to buy an investment property overseas' |
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Author: Peter Conradi
Source: The Times
Published: 28 March 2008 The Caribbean is emerging as a destination for investors. Thanks to the year-round sunshine and popularity of the region with both American and European holidaymakers, resort-style developments, typically clustered around a hotel, are the islands’ up and coming investment product — and currently offer better yields than holiday properties in France or Spain where the climate makes the rental season much shorter. Marco Bonini, managing director of Caribbean selling agents Prestigious Properties recommends the Grenadines; Pirates of the Caribbean was filmed nearby. Bonini, himself, bought a £133,750 studio and a £169,600 one-bed flat. They have since been valued at £185,000 and £285,000 respectively, and have been yielding him 6% a year. Bonini expects prices in both to continue upward on the average 11.75% capital growth received year on year.
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Les Terrasses Agadir, Morocco
