With the surge in tourism taking over in places like St. Kitts and Nevis, Portugal, Antigua and Barbuda, it’s no wonder that global investors are looking to take advantage of investing in prime real estate. More than ever before travellers are seeking out exotic locales and luxury resorts.
St. Kitts has not only recovered after the collapse of its 400 year-old sugar industry, it has come back with a vengeance. Tourism is a main source of economic growth for St. Kitts. Liamuiga, a majestic volcano in the center of the island, draws crowds of adventurous tourists willing to hike 3,792 feet to the peak of the volcano and peer into the crater. The island is an outdoor paradise for those who enjoy hiking or cycling, and tours through the vine-encrusted forest where people can spot tropical birds in every colour of the rainbow, and examine the butterflies and the green monkeys that populate the region. High net worth individuals are also now seeking second homes in the region; meaning, high end property is extremely sought after. With tourism at such an all-time high, investors are scrambling to invest in property before prices go up.
Portugal is another hot spot for those high net worth individuals interested in real estate. There are currently new developments going up around Lisbon’s Expo Park, which some compare to London’s popular developments like the Docklands. For many years Portugal has been a popular honeymoon destination but now with new developments on the upswing, it’s a popular choice for those seeking to invest in real estate while prime property is still available.
Antigua and Barbuda are increasingly attracting attention by investors. Antigua is already an established tourist destination and airport hub. With a new airport terminal that represented one of the biggest infrastructure projects ever undertaken by a Caribbean country, Antigua is making it easier for those with second citizenships to feel secure about their real estate investments. The new airport not only supports tourism, it also increases the ease of travel for all—including investors.
High net worth individuals, while seizing the opportunity to invest in real estate, can simultaneously take advantage of further incentives such as freedom to travel and access even greater educational opportunities.