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Property and tourism to grow in the Caribbean & Central America

May 2015

The property and tourism sectors in the Caribbean and Central America are set to grow in 2015, according to the inaugural Caribbean Property Investor published by London-based 7th Heaven Properties.

An analysis of trends in The Caribbean Property Investor edition indicates that the high quality of living, good value for money and stability offered by the Caribbean region has reinforced its appeal to property buyers and investors, particularly in the face of social, economic and political volatility in other regions.

“Many investment locations such as the Turks & Caicos, the Bahamas and the Cayman Islands experienced strong growth last year and we expect 2015 to be the year that the Caribbean real estate market as a whole turns a corner. A growth in enquiries from prospective buyers indicates a renewed confidence in the region and sales levels on many islands are returning to pre-crisis levels,” says Walter Zephirin, Managing Director of 7th Heaven Properties.

“Locations across the Caribbean and Central America are benefiting from an upturn in the USA, Canada and the UK, resulting in an increase in visitor arrivals, tourist spend and property sales. A growing pipeline of new projects, significant infrastructure investments and a thawing in relations between the USA and Cuba are also expected to provide an additional boost to the region,” he adds.