Open-Realty Blog AddOn Located on Loblolly Bay, several 1/2 acre freehold lots on Anegada are now available for sale. Priced at $65,000 each, this land is beachfront homesites. As noted by UltimateBVI.com, "Loblolly Bay is one of the most visited spots on Anagada, mainly because of its great snorkeling and diving just off-shore. Loblolly is also a fabulous beach - where you can while away many an hour on the un-crowded, pristine white sand. This beach was one of many in the BVI recently voted ‘world-class’ by Caribbean Travel and Life Magazine." Contact our Coldwell Banker office for details on this opportunity. ]]> GlobalPropertyGuide.com, "The British Virgin Islands’ property market is showing signs of recovery after slowing in 2009. US visitors are returning to the islands...Potential investors are not only looking for houses, but for land to develop—and the BVI is still largely undeveloped." Here are some highlights of their report. Strengthening tourism and financial services "Tourism accounts for about 45% of the BVI’s GDP. Financial services accounts for over 50% of GDP. These are the two pillars of the territory’s economy. The year 2009 was difficult due to reduced leisure travel from the US and UK, with a 17% decline in overnight tourism arrivals. Cruise tourism, however, was stronger in some months than in 2008...In 2010 there has been a recovery. "The government has been encouraging the tourism sector to improve the BVI’s position in its main markets (US and UK) and introduce itself to new markets such as Asia. Recently, marketing campaigns to attract Canadian visitors have intensified. Efforts to promote heritage tourism have also increased. The Virgin Gorda Airport, which was closed for renovation from May to July, will re-open before the year ends and will accommodate larger aircraft and heavier traffic. "The financial services sector also suffered in 2009, [but] Several bills passed in 2009, such as the Securities and Investment Business Act and the Money Services Act, along with the Regulatory Code, to strengthen the regulatory system." Construction sector "Despite the recession, the construction of new resorts and residential developments in the BVI continued: *The Scrub Island resort marina opened in April 2010 *Oil Nut Bay, an exclusive residential community in Virgin Gorda *Cooten Bay, a subdivision in Tortola *The Raffles Tortola, scheduled to open in 2011. "The government strictly regulates the construction sector, having learned from other Caribbean countries’ mistakes, particularly from the over-development of neighbouring St Thomas in the US Virgin Islands." Read the full article, complete with charts, rents and yields, and how to purchase, at GlobalPropertyGuide.com. And, of course, stop by our Coldwell Banker office to ask any agent your questions about British Virgin Islands real estate.]]> A rare Lot, just over half an acre on the hillside, and just off the road to the Coppermine with great views and very buildable. 0.602 ac, asking $450,000. Visit our Coldwell Banker Listing page for more photos.]]> The thing that sets the BVI apart from most of the Caribbean is the spectacular ocean vistas created by the proximity of its islands along Drakes Channel. Privateers Bay on the island of Great Camanoe, just to the East of Tortola, is just about the best spot to take full advantage of these stunning ocean and island views. There are currently only a handful of owners fortunate enough to call the island home and here is an opportunity for you to become one of them. Serendipity, a five bedroom Villa with bags of character, is a fabulous retreat for lovers of the sea. Sitting on a Lot of approx. 2.3 acres a few hundred yards from the dock, this lovely 5 bedroom/4 bath island home provides simply spectacular views out over Marina Cay, on to Virgin Gorda and beyond. The owners are open to offers and will even consider selling a share of the home that has served them so well for so many years. Asking $1,200,000. Visit our Coldwell Banker Listing page for details and photos.]]> Sundown, an exceptional 3 bedroom/3 bath villa with pool and stunning views of Drake's Channel, Peter Island, Norman Island, St John, Soper's Hole marina and beyond. Designed by leading Architects OBM International, the great room and kitchen, which open on to the large pool terrace, are crowned by a beautiful, very tall vaulted ceiling. The master bedroom and bathroom suite, including natural stone outdoor shower, is positioned for perfect privacy and still more great views. The guest bedrooms and bathroom, aain with indoor/outdoor shower, are positioned to the east of the great room. On the terrace is a built-in barbeque and hot tub. The lot, which is nearly an acre, provides plenty of room for building a private guest cottage in the future. Home is 2500 SF, Towers Estate is gated. Asking $1,600,000. Visit our Coldwell Banker Listing page for more photos.]]> preferred attributes of the buyer being water views and proximity to water or mountain activities.” Lake and ocean views combined for an overwhelming majority of the preferred attributes surveyed with mountain views coming second. Martin added that while spa and medical facilities have exhibited recent high growth rate forecasts in recent studies, respondents did not translate that growth into the highest motivation for second home purchases. Green-based second homes also did not show the highest appeal, nor has golf amenities translated into sales. The appeal of being close to the water with an ocean view should help keep our beautiful Caribbean Island as an attractive 2nd home location in the next few years. Contact a Coldwell Banker agent with any questions you have on investing in our real estate.]]> Oil Nut Bay is a luxury resort community on the eastern tip of Virgin Gordon, in BVI. Accessible by helicopter or boat, the 300-acre island is a private real estate development offering freehold whole ownership to 88 buyers. The community is committed to green practices, including maintaining 50% open space, using carbon-neutral elements throughout, and electric cars. Amenities for homeowners at Oil Nut Bay feature a marine nature center, full-service spa, wellness center, beach club, and marina. The Beach Club is planned to open this peak season in November or December. Victor International Corp, developers, offers distinctive design options in the architecture, with indoor and outdoor spaces flowing together. Vacation rentals are available for the investor-buyer. From the company's web site: "Many individuals considering home ownership in the Caribbean are drawn to the BVI because of its stability. This stability is evidenced by the BVI's financial services sector, which is one of the preferred corporate domiciles for international businesses. Additionally, with low unemployment rates (3.3%), one of the highest per capita GDP rates in the region (US$41,000), and extremely low taxation, home owners can feel confident knowing that their property will reap the benefits of an established, stable jurisdiction. Crime statistics demonstrate that the BVI is among the most secure and safe nations within the Caribbean. "Investing in home ownership in the BVI has historically proven to be financially beneficial. According to BVI real estate organizations, BVI home prices continue to grow steadily between 7-10% per year. Demand for luxury housing has remained strong, without experiencing the highs and lows (booms and busts) found in other property markets throughout the Caribbean. The BVI's limited portfolio of available oceanfront home sites and the BVI government's calculated measures to prevent over development and speculation have helped to ensure increasing property values." Contact our Coldwell Banker office with your questions on Oil Nut Bay. (photo courtesy of OilNutBay.com)]]> Normally all of Necker Island is hired privately by an individual or group, but during Celebration Weeks, held on selected weeks throughout the year, couples, singles or families can book one of 14 rooms individually and share the island with others. There is still some remaining availability in 2010 on Sir Richard Branson's private island paradise in the British Virgin Islands. For arrivals in 2010 rates are per couple/per week and start from USD $25,400, however, if you fancy a shorter break we have a few limited dates where you can book for 3 or 4 nights from $10,900 and $14,500 per couple respectively. Arrival dates still available in 2010: 17th September for 7 nights 24th September for 7 nights 9th October for 7 nights 16th October for 7 nights 23rd October for 3, 4 or 7 nights (Family Fun Week -children welcome) Rates include: - 3, 4 or 7 nights accommodation - All meals and drinks (including all alcoholic beverages) - Return launch transfer from Virgin Gorda or Beef Island airports - A team of approximately 60 fabulous staff - Two freshwater pools and two Jacuzzis - Beach pool - Two floodlit tennis courts - Windsurfing and kite surfing equipment - Fully equipped gymnasium - Sailing and speed boats - Kayaks, water-skiing equipment, snorkelling equipment, inflatable banana etc. - Fishing equipment (not deep sea) - Local calypso band for one party evening - Extensive video, book and music libraries, and board games. - Full sized snooker table - Laundry facility (dry cleaning not available) - Business facilities - 7% local tax For bookings please call +44-(0)800-716-919 (toll free) or +44-(0)208-600-0430 alternatively visit http://www.virginlimitededition.com for more details. ]]> Construction is nearly complete on the second of two luxury homes on the hillside overlooking Brewers Bay on Tortola. These warm and inviting 5 bedroom homes are constructed from masonry, red cedar and local stone. The second home will feature a large wrap around deck from which to enjoy the glorious views of Tortola's fabulous North Shore and the ocean beyond. The main floor will consist of a spacious living room, a family room, gourmet kitchen, dining area, and office, as well as the master bedroom and spacious master bathroom, with jacuzzi and walk-in closet. On the lower level there will be guest bedrooms, a recreation room, wet bar and even a sauna. An inviting pool completes the package. Finishes are of a high standard. Asking $2,200,000. Visit our Coldwell Banker Listing page for more photos.]]> We are really excited to be able to offer this spectacular, brand new home, just completed at Trunk Bay, Tortola. With the development of Parkers Estate at Trunk Bay, homeowners can take advantage of this absolutely pristene stretch of Caribbean coastline. The home has been designed and built by Caribbean Architecture Ltd who boast many years of experience designing homes in Tortola and in Europe. A glance at this wonderful example of their work shows how they successfully combine traditional danish colonial design with modern clean lines and contemporary finishes. Lot size 0.9 acres, 4,000 SF home, 4 beds/3 baths, asking $1,550,000. Visit our Coldwell Banker Listing page for more details and photos.]]> www.sweetpatootee.co.uk]]> BVI Airways and was very positive. We quote his post in Blogs.Forbes.com: "BVI Airways started a few months ago providing point-to-point service between Tortola and St. Maarten and Antigua. They also do charter flights to the other islands. The airline was started by three US pilots who have worked in the regional airline and air charter industry for most of their aviation careers. They saw an opportunity to fill an unmet demand for travel between islands and took the leap of faith to start a small airline far from home. If you are going to start an airline it may as well be in a nice location like Tortola "BVI Airways has an excellent business plan that allows them to be flexible with their routes as travel needs change with seasonality and times of the year when the islands have special events like carnival and homecomings. "After a short 14 hour visit to Tortola we flew up to San Juan PR and met with a startup airline, Lebair, that will be providing both scheduled and on demand charter service out of San Juan to the Dominican Republic and other islands within a 250-mile radius of San Juan. They share a similar business plan as BVI Airways but serve a different niche market of travelers. "As I think about these two operations and other operators we have gotten to know in the Caribbean, including operators in the Dominican Republic and Haiti, I see a group of small airlines that are meeting demand for point-to-point intra-island and inter-island travel which the major airlines and their commuter feeders don’t meet. "From the perspective of the operators we work with, the economic outlook for Puerto Rico and the British Virgin Islands is good. Like the U.S., they have waded through the recession, but the allure of the islands continues to spur development of new hotels and resorts and all the support businesses that go with it. With new resort development and tourism growth come jobs and economic growth for the entire region. As more travelers come to the Caribbean from Europe, North America and South America the demand for inter-island air travel will grow. "These small airlines that meet the market demand are poised to prosper as they provide a very critical transportation component to the region's economic development."]]> 2BVIPlantinum.com)]]> In the 19th century, stones from Ballast Bay were used by trading ships to balance their vessels as they sailed to and from the islands. In more peaceful times, fishermen would cast their nets from these shores. Today, Ballast Bay is the perfect spot for the more relaxing pursuits of soaking up the sun and enjoying the spectacular views of Cane Garden Bay and the sailboats that choose to drop their hook at one of the BVI's favourite anchorages. One of Tortola's finest sandy beaches is only moments away for those who love to feel the grains between their toes yet far enough to guarantee peace and tranquillity. Lot size 0.358 acres. Asking $120,000. Visit our Coldwell Banker Listing page for more photos.]]> Mikaya is quite simply the right house at the right price. With a spacious open plan of lounge/kitchen/dining area, 3 bedrooms, large shady terraces and a pool, it ticks all the boxes. Two bedrooms and bathrooms are on the upper level and the third, again with ensuite bathroom is on the lower level, next to the pool. There is also an inviting jacuzzi on the lower level. The views out over North Sound are nothing short of spectacular. Whether you are simply looking for a home in the sun or a vacation home with rental income potential, Mikaya will prove ideal. Leverick Bay Resort, a short distance down the hill, provides a bar, restaurant, shop, beach, tennis and watersports. Leverick is also one of the few places in the BVI you can own a home and park your boat out the front. Asking $1,600,000. Visit our Coldwell Banker Listing page for more photos.]]> their blog for all of the 100 tips. Here are the 1st 12, for General Supplies: 1. Pack a to-go bag: This overnight bag should be easy to take with you if you have to evacuate in a hurry and should include a change of clothes, bottled water, flashlight and important documents. 2. Cash: ATMs and credit card machines may not work for a while after the storm. 3. Battery-operated radio: Make sure you have extra batteries too, so that you can keep up with news reports and alerts. Hand-crank radios work well, too. 4. Secure a two-week supply of prescription medicine: Anyone on prescription medications, as well as pregnant women, should pack a two-week supply of their meds in a sealable plastic bag, clearly labeled. Include instructions for taking the medications, too. 5. Flashlight and lanterns: Make sure you have a couple of flashlights, candles, matches, lanterns and other alternate sources of light. 6. Personal hygiene items: It might be hard to get to the store to buy toilet paper, tissues, soap and other sanitary items after the storm. 7. Extra keys: Having an extra set of keys in your kit is a good idea in case people get separated or if they're lost in a flood or the confusion. 8. Pet items: Remember food, medicine and water for your pet, too. 9. Disinfectant: You never know what mess you'll have after a storm. 10. Checklist: This printable checklist can serve as a guide for your own personal checklist. Give one to each family member to personalize. 11. Extra batteries: You'll need extra batteries for your radio, flashlights, and other items. Get these early before they all sell out. 12. Prepare early: Emergency items sell out quickly at the stores, so stock up your kit before hurricane season even starts, and replenish food supplies every six months. Other categories in this extensive review are *First Aid *Repair & Maintenance *Food & Water *Power Outages *Entertainment *Special Needs *Evacuating *Paperwork *Staying Informed *Safety Be sure and read the full blog, as you will probably find some ideas to help you and your loved ones be ready for our next major storm.]]> Rose Lodge sits in a magnificent hillside location that allows you to capture the full beauty of those classic BVI sunsets. The two bedroom main house is perfectly placed to capture views to the west including the beach at Long Bay and the islands of Jost Van Dyke, St Thomas and beyond. The very private one bedroom guest cottage faces due north and enjoys fantastic vistas of Cane Garden Bay. The garden at Rose Lodge is wonderfully mature and full of character. A lovely tropical collection of tall palms, fruit trees and plenty of color surrounds a flat, usable grass lawn, a rare find amongst the hillsides of Tortola. A single car garage sits beneath the Guest Cottage. The main house offers some potential for further development. Asking $1,100,000. Visit our Coldwell Banker listing page for more photos.]]> Jewels of the BVI, has been developed by the BVI Tourism Accommodation Properties (TAP) with the support of the BVI Tourist Board, to showcase the range of locally-owned and operated accommodations in BVI. The "Jewels of the BVI" is a collection of 43 hotels, inns, and villas owned by BVIslanders on the territory’s four main islands of Tortola, Virgin Gorda, Anegada, and Jost Van Dyke. In addition to the website, potential visitors can call toll-free 1-866-GOTOBVI (866-468-6284) to learn more about what each property has to offer and make bookings. The website lists all 43 BVI TAP member properties and provides valuable information about the properties, the BVI’s main islands, and activities for tourists. Website visitors can search for properties by island, type of accommodation, and number of guests. The properties range from economical accommodations with rates of less than US$150 per night to more luxurious villas and hotels. As locally-owned hotels, villas, and intimate inns, each property is carefully maintained and offers an authentic experience imbued with the stories and culture of the British Virgin Islands. Not unlike the overall sense of the destination, a stay at one of the Jewels of the BVI offers a relaxing pace, a personal connection, and a warm feeling of hospitality that cannot be replicated. (resource: bvitourism.com) ]]> This recently constructed, pristine example of rarely available waterfront property has been built to offer uncompromising luxury and seclusion to satisfy the most discerning of clients. From the grand Living Room with its elevated ceilings and breathtaking views out over the spacious, covered main terrace, to the sumptuous Master Bedroom and bathroom Suites, every element is practically perfect. At the water's edge, along with the private dock for vessels of up to approx 30', a slipway for hauling out boats and a deep water mooring ball for larger vessels just offshore, sits a delightful entertainment terrace with outdoor kitchen, shady pagoda and carp pond. A swim ladder allows snorkellers to easily enter the turquoise ocean and enjoy the warm waters teeming with fish and coral right off the dock. Asking $5,200,000. Visit our Coldwell Banker Listing page for more photos and details.]]> RisMedia.com)]]> We are pleased to offer 3 units in the Islands Time Condos of Virgin Gorda. Each is one bedroom, one bath, 1,200 SF interior, priced at $595,000. Visit our Coldwell Banker Listing page for more photos.]]> www.coldwellbanker.com, which has been in beta form since December 2009. Wholly re-thought and re-designed, the site features optimizations that completely alter and enhance the experience of searching for a home online, the company stated. The site includes a variety of new features, such as: -BlueScape Search - Taking cues from popular music recommendation websites, Coldwell Banker developed BlueScape, a visually-driven real estate search platform to help “dreamers” find just that–the home of their dreams. Instead of limiting search options to zip code or the number of bedrooms, users begin the search by rating abstract images with a “thumbs up” or “thumbs down” from landscape scenery to images of snow mobiles and taxi cabs. At any time, users can submit a query and the BlueScape technology will identify homes that are a good fit using all properties available through ColdwellBanker.com nationwide. -Keyword Search - For those who prefer a more traditional approach to searching for a home, Coldwell Banker has added keyword capabilities to its general real estate search function so that consumers can more easily narrow down the properties they are interested in viewing. -Similar Properties – Coldwell Banker also added a “You May Also Like” feature that offers additional homes of interest, based on a range of characteristics from properties consumers select as “preferred.” -Expansive Use of Video - Taking advantage of the popularity of Coldwell Banker On Location, the brand’s YouTube channel which has had more than 13,000 videos posted by agents and 1.3 million video views in a bit more than one year, the new site integrates video into real estate search. Additional capabilities of the ColdwellBanker.com site include: Technology that immediately identifies the current location of visitors via their IP address, offering up homes for sale in that area; Join Us: a recruiting resource enabling brokers to promote job opportunities and create local career pages; Learn: helpful real estate news and tips for consumers, such as real-time industry articles from the Associated Press and Home File: Place for consumers to store, share and organize a limitless amount of property searches, sales associate and real estate office information and industry articles. Coldwell Banker also included integrated video and social networking capabilities to the new site. Visitors will have access to an array of videos powered by Coldwell Banker On Location, the company’s branded YouTube channel, offering behind-the-scenes looks at towns and neighborhoods, tips and timely news on real estate topics and video listings of homes for sale. (resource: RISMedia.com)]]> BVI News.com) ]]> SummerSizzleBVI.com. Summer Sizzle leads into BVI´s 56th Annual Emancipation Festival held the first week of August. International guests will have an opportunity to kick off festivities and experience the aura of carnival. ]]> As reported in GoCaribbean.about.com, "Now through Dec. 19, families traveling to the British Virgin Islands can take advantage of some friendly rates at the upscale Rosewood Little Dix Bay in Virgin Gorda. "Mom and dad can pick up a second guest room for the kids at half off the usual nightly rate (rooms start at $450), while bigger groups can make use of free nights in the resort's three- and four-bedroom villas. "Book four nights in a villa and receive the fifth free, book five nights to get two free, or book a stay for 10 nights or more and receive four additional nights gratis. Villa rates begin at $3,500 per night." For more information on the Little Dix Bay Resort, visit About.com's web site.]]> Coldwell Banker Isla del Coqui is one of the largest and most successful real estate companies in the Commonwealth of Puerto Rico. Coldwell Banker Isla de Coqui has had a terrific track record for over 20 years and has been the top producing brokerage in their marketplace, with 7 offices and approximately 226 sales associates. Coldwell Banker Island Affiliates Managing Director Jim Reed said, "With the addition of Puerto Rico to our region, Coldwell Banker Island Affiliates now boasts 51 offices and over 500 sales associates throughout the Island countries of the Atlantic & Caribbean. We are excited about the growth and the potential synergies that Coldwell Banker Isla de Coqui brings to our group. We are proud to welcome Puerto Rico to Coldwell Banker Island Affiliates." Coldwell Banker Island Affiliates is the Coldwell Banker Master Franchisor for the Caribbean and Atlantic Island region. For further information on Coldwell Banker Island Affiliates, please contact the Managing Director, Mr. Jim Reed, at (561) 691-8130 or email jireed@mindspring.com. About Coldwell Banker® Since 1906, the Coldwell Banker® organization has been a premier full-service real estate provider. In 2009, Franchise Times magazine’s prestigious Top 200 issue ranked the Coldwell Banker system number one in real estate for the ninth straight year and number eight among all franchisors. The Coldwell Banker System has approximately 3,200 residential real estate offices and more than 110,000 sales associates in 41 countries and territories around the world. The Coldwell Banker System is a leader in the industry in residential and commercial real estate, and in niche markets such as resort, new home and luxury properties through its Coldwell Banker Previews International® division. It is a pioneer in consumer services with its Coldwell Banker Concierge® Service Program and award-winning Web site, www.coldwellbanker.com. Coldwell Banker Real Estate Corporation is a subsidiary of Realogy Corporation, the world’s largest real estate franchisor. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate Corporation. Each office is independently owned and operated. ]]> Guardian.co.uk.]]> Stay five nights for the price of four at the BVI's newest luxury destination of Scrub Island, for stays booked through Aug. 31, 2010. The Book Four and Stay Five special starts at $359 for double occupancy in the oceanview guest rooms and $959 for families of four in the two-bedroom suite. Rates include complimentary breakfast and transportation. A 7% nightly government tax and 10% resort fee does apply. You can upgrade your stay with their meal plans, which are $115 per person, per day. An exciting selection of services and activities will leave the five-day agenda packed for couples in search of a romantic adventure or for families in search of time to reconnect with one another. *Take a day trip to Anegada -- the only Coral Atoll island in the British Virgin Islands -- and bask in the warm sun along the longest and most pristine beaches in the world. *Children ages 8 to 14 up can enjoy a Bubble Maker Experience, which helps them learn "controlled supervised underwater breathing" so they can explore the area's underwater wonders under the direct supervision of experienced instructors. *Rent a boat (or bring your own) from the Scrub Island Marina, which offers 55 deep-water slips, including five slips capable of accommodating yachts up to 150 feet, as well as supplies, diesel fuel, pump-out station, metered electricity, laundry facilities and more. *Spend an idyllic day on one of the island's natural beaches -- bring along one of the island's romantic picnic lunches, or a picnic lunch with enough fabulous food to feed hungry children and adults. *Explore a culinary world at the island's dining establishments, like Caravela, which blends old world European dishes with classic Caribbean fare, or enjoy Tierra! Tierra!, which offers a casual dining atmosphere adjoining the resort's dramatic lagoon pool with a waterfall. For more information on Scrub Island or the Book Four and Stay Five special, call (877) 890-7444 or visit www.scrubisland.com. ]]> The home was built originally for Peter Jennings, the journalist and regular visitor to BVI. He unfortunately passed away before completion. This treasure is now available for the most discriminating buyer. Visit our Coldwell Banker Listing page for a full description, and ask for a Listing brochure by email.]]> www.nhc.noaa.gov Information provided courtesy of Coldwell Banker Real Estate Turks & Caicos]]> Travel Daily News, "BVI stakeholders have long prided themselves on the fact that visitors to their resorts often become like family, coming back year after year and creating longstanding relationships with villa and resort owners. The BVI VIP Club Airport Lounge is a way that the Tourist Board can extend that sense to club members as they arrive in and depart from the destination."]]> All at Sea Caribbean)]]> Nestled in 1.6 acres of lush, tropical gardens, ‘Pelican Point’ is a Caribbean delight. Complete with 3 air-conditioned bedrooms, 3 bathrooms and self contained apartment, pool and Jacuzzi, this home is the epitome of Caribbean living. Only moments from the sea, it offers spectacular uninterrupted ocean and island views and a breezy ambience complimented by a warm and welcoming décor. Asking $1,200,000. Visit our Coldwell Banker Listing page for more photos and details.]]> This home is a light and airy 2 bedroom, 2 bathroom Villa perched on the hill above Hodges Creek Marina. The property provides lovely marina, ocean and island views from the spacious wrap around deck. There’s plenty of room on the deck for dining outside or there's a well-sized interior dining room. An open plan kitchen and living area benefit from lots of natural light. Substantial improvements have been made to the property in recent years. Casa Verde is nestled in a half acre of established and easily managed tropical gardens. A mooring ball is available for the owner’s use. Asking $875,000. Visit our Coldwell Banker Listing page for more photos and contact information.]]> BVI Beacon,US registered airlines will be restricted in flying from the VI to non-US destinations. "A transportation regulator’s recent decision to rewrite the rules on how planes fly in and out of the territory may reduce the number of flights serving the Virgin Islands in the future. Currently, most of the territory’s air charter companies that base their operations here are United States-registered airlines, some of which have operated here for many years. "With the recent launch of two locally registered airlines, BVI Airways and VI Airlink, this may change. "On March 28, the Department for Transport — the territory’s United Kingdom regulator — notified the US-registered carriers that starting July 1 they won’t be able to fly most flights from the VI to non-US destinations such as Antigua, according to James Gilderoy, a manager with the DfT The companies will be allowed to continue to fly to and from US destinations and within the territory — for example, from Tortola to Anegada. "According to the DfT, the rule change is being considered primarily for economic reasons. 'The department and government of the BVI wish to ensure that BVI operators have a fair and equal opportunity to compete with US airlines,' Gilderoy wrote.]]> Summer Sizzle began as a fashion show with the purpose of promoting the British Virgin Islands. Since then, Terry’s vision has culminated in a five-day fashion and lifestyle event,, and is the highlight of the BVI calendar each July. The event attracts thousands of visitors from the Virgin Islands, neighboring Caribbean islands and the USA. Summer Sizzle brings together a number of leading international and regional designers, industry executives, models, celebrities, international media and press. Festivities kick off on Thursday, July 22 and run through Sunday, July 25, 2010. This year's vents include a Culture & Style Welcome Bash Pool Party sponsored by the BVI Tourist Board; the Sunset White Fashion Fete; an entire day sail excursion to Virgin Gorda; a VIP After-Party, and more. Tortola This show will closeout this four-day getaway. The fashion show will be held at the beautiful and newly built U.P. Cineplex Crystal Ballroom in the BVI epicenter, and feature top models from some of the world’s best agencies including Ford, Elite, Major Models, Q Models, and Identities. Summer Sizzle BVI’s dedication to community service is highlighted through their recent partnership with the Ministry of Education and Culture. As an official partner, a portion of the proceeds from the events surrounding Summer Sizzle BVI 2010 will be donated to the educational system in the British Virgin Islands. For more information please visit www.summersizzlebvi.com or call 347-243-9330. ]]> www.bvitourism.com for more information. (resource: EliteTraveler.com)]]> http://www.sirius.com/cricket or http://www.xmradio.com/sports245 for future match times and listings.]]> Global Adventures article.]]> Here's a buildable lot in Ballast Bay on Tortola, British Virgin Islands, with a spectacular view of the blue Caribbean and neighboring islands. Total land area is 0.358 acres, on a gently sloping hillside. In the 19th century stones from Ballast Bay were used by trading ships to balance their vessels as they sailed to and from the islands. In more peaceful times, fishermen would cast their nets from these shores. Today, Ballast Bay is the perfect spot for the more relaxing pursuits of soaking up the sun and enjoying the spectacular views of Cane Garden Bay and the sailboats that choose to drop their hook at one of the BVI's favourite anchorages. One of Tortola's finest sandy beaches is only moments away for those who love to feel the grains between their toes yet far enough to guarantee peace and tranquillity. Priced at $120,000, consider this prime oceanview lot for your future home, or as an investment to buy and hold. There will only be so much land available in the future in the Caribbean, especially with these views. Contact our Coldwell Banker office for details, and visit our listing page for more photos.]]> This hillside home on Virgin Gorda has everything you want in a retreat in the Caribbean. Asking $4,200,000. Visit our Coldwell Banker Listing page for details and more photos of this spectacular property.]]> Caribbean Property Magazine's April issue ran an excellent article on "15 CRITICAL QUESTIONS TO ASK WHEN BUYING OVERSEAS REAL ESTATE" which we summarize here. If you are considering a purchase outside your country of residence, read the entire article (click on the link) and it should help you avoid mistakes, or at the least, suggest research you need to do before you buy. If you have found a property to interest you - whether condo, house, land for development, investment - look at the big picture and try to isolate yourself from your enthusiasm about the view, or price, or location. The country of your choice may be paradise, but it is still a foreign country. 1. Country Access - is there year 'round access to the area and how long will it take from the airport 2. Building Requirements - are there some, and if not, are there standards in place or deed restrictions 3. Sewage - is there a central sewer system, and if not, and you need to install a septic tank, require a "perk test" 4. HOA - is there a Homeowner's Association, what are the fees (they will only go up), how financially stable is the association, and how much deferred maintenance is shown 5. Greenbelts - are there common areas, open space areas, a master plan - check the developer's plans and programs for working with the community on a shared future 6. Amenities - what are they, what do they cost, what are the long-term maintenance requirements 7. Title - what type of guarantee of title will you receive, what language will be included for coastal laws and changing shoreline 8. Telecommunications - is there state-of-the-art telecommunication equipment in place or planned - check phone service, bandwidth, and service providers 9. Water and water pressure - is there enough fresh water and water pressure, does it plan for future growth, how will the growth be paid for - check pressure in any structure by turning on all the faucets and flushing at the same time 10. Hot water - check for hot water plumbing, and if building a new home, double check that hot water will be included 11. Infrastructure - does this include fiber optic, underground electricity, paved streets, sidewalks, storm drains, high-speed internet access - don't take any of this for granted, and make sure the development has planned for these services or find out how the homeowner will be assessed 12. Assume nothing - you probably will be an off-site owner while your new home is built - who will oversee construction, what avenues of communication will you use, check references of the developer and builder - make sure you verify the plans for proper wiring, air conditioning, dryer vents, etc. - take nothing for granted 13. Development Company - check their financial condition and references - realize financing is unusual so the developer may provide buyer financing - how will this affect their balance sheet 14. Safety and security - if you want 24/7 security, double check it will be part of the property maintenance and cost 15. Health care - Most major Latin American cities have state-of-the-art medical facilities, but if you purchase outside these, it may be a distance to good health care As the author concludes, "Much of the world outside North America and Europe is the land of 'Buyer Beware.' Be sure you know the answers to these important questions and make a conscious decision about what levels of creature comforts are mandatory and which may be optional for you...An educated buyer is a happy owner. There are items you may take for granted that will not be the standards in other countries." Contact your local Coldwell Banker office for help with your research and investigation into answering these questions. All of our agents are knowledgeable about their local areas and laws.]]> Associated Press reports that "Countries in the Caribbean have agreed to bar the dumping of all garbage at sea, ending rules that allow the disposal of metal, glass and other refuse a short distance from shore and almost any trash farther out. "The nations adopted the new requirement under the U.N.'s International Maritime Organization and it will take effect in May 2011, IMO consultant Jeff Ramos said Wednesday. Ocean garbage endangers marine life, water quality, and local economies, just to name a few bad effects. "The United Nations created the ban to protect areas that are vulnerable because of heavy ship traffic or sensitive ecology. It has already taken effect in the Antarctic, the Baltic Sea, the North Sea, the Persian Gulf and the Mediterranean. "'It's a big deal,' said Ramos, a U.S. Coast Guard commander based on the Dutch island of Curacao near Venezuela. 'Especially in the Caribbean, with all the tankers and the traffic going to the Panama Canal, it will make a big impact.' "The U.N. outlawed dumping in 1993 for the Caribbean, but it could not take effect until the region's nations reported their capacity for receiving trash from ships. After a lengthy U.N. awareness campaign, member countries gave notice last month that enough receptacles were in place. "The new ban will outlaw discharging of any solid waste at any distance except for food, which could still be dumped 3 miles from shore. It will be up to individual countries to check ships' logs and verify compliance." Ocean garbage endangers marine life, water quality, and the economies of the islands. ]]> Tortola-based BVI Airways is now accepting reservations online, GoBVI.com, and has scheduled its inaugural flight for Wednesday, May 5. The original schedule is between Tortola and Antigua, Tortola and St Maarten, and Dominica and St Maarten. “It’s been a long road, but we’re finally here,” said BVAirways, Inc. Chief Operating Officer, Scott DeLacy. “The entire BVI Airways team couldn’t be more excited to get into the air and start bringing the locally focused scheduled air service everyone deserves.” BVI Airways, Inc was formed in 2009 to create an airline based in the British Virgin Islands. The company's executive management has almost 50 years of airline operational experience between them.]]> On Location, the brand’s YouTube channel focused on listing, community and agent profile videos, continues to redefine the use of video in real estate. Just 11 months after launching in May 2009, Coldwell Banker On Location has drawn 1 million channel views. Since Coldwell Banker Real Estate launched their brand channel on YouTube to debut Coldwell Banker On Location, the site has more videos on its YouTube site than any other real estate brand. “We believe that video plays a major role in the home buying and selling process,” said Michael Fischer, senior vice president, Marketing, for Coldwell Banker Real Estate LLC. “There is no other medium that can showcase the personality of a home and agent more effectively than video. And our agents, from all corners of the world, have responded by posting more than 11,000 videos to date. Clearly, Coldwell Banker On Location has set a high bar for video use in our industry, but more importantly home sellers are starting to expect video as a part of the marketing portfolio of a home...Video is now a mainstay in real estate and consumers are proving this to be true.” Take a look at our Curacao site - On Location is available, and stay tuned for videos to be uploaded by our agents. http://www.youtube.com/coldwellbankercur]]> Guana Island in the BVI is 850 acres of privately-owned undisturbed beauty. One of the few remaining private islands in this part of the world, Guana has 7 pristine white-sand beaches, miles of tropical forest, mountains, hills, and valleys. Offered on the island are excellent food, accommodations, and service in the tradition of 7 decades of family stewardship. Usually there are 30 guests at a time, leaving many acres of privacy, and no marina or public facilities to bring others to disturb the peaceful setting. On-island activities include tennis, sunfish, kayaks, pedal boats, hiking trails, croquet, ping pong, snorkeling, and fishing. Options include day trips to other islands, waterskiing, deep-sea fishing, boat charters, scuba diving, massage, and yoga. Dining is a combination of American, Continental,and Caribbean cuisine served on dining terraces with spectacular views. Beach BBQs with Caribbean music are held weekly. Guana's purpose is to disconnect visitors from "regular" life - to be a haven and escape. They do not offer TV or phones in guest rooms, they have provided internet service. Scientists have said that Guana has more flora and fauna than any island of its size yet studied in the Caribbean. If so, credit can be given to the efforts of the owners to protect and preserve the natural environment. Visit Guana.com to learn about renting the island, planning your wedding there, rates, and accommodations. Enroute to Guana, be sure and stop by our Coldwell Banker office to learn what real estate opportunities there are now in the British Virgin Islands.]]> BVI Photo Workshop for more information and pricing. The site explans, "Photography requires inspiration, and the BVIs and Cooper will definitely provide this in abundance." Sounds like a great opportunity.]]> RealEstateChannel.com)]]> The Government of the British Virgin Islands has announced a new coin release celebrating the 60th Anniversary of Peanuts™, the famous cartoon strip featuring Charlie Brown and his dog, Snoopy. The character of Snoopy first appeared in Charles Schulz’s Sunday comic strip in October, 1950 and he is now one of the most recognised and loved cartoon characters in the world. Snoopy is most renowned for two things… laying on top of his doghouse and his best friend, a bird called Woodstock. Over the last 60 years, this iconic character has featured in numerous films, animated series and merchandise as well as the comic strip where it all started. CoinNews.net said, "The work of Charles Schulz is described as, 'the most shining example of the American success story,' whereas his character, Charlie Brown is an example of, 'the great American un-success story' in that he fails in practically everything he does which makes him such a likable character." An official Peanuts™ commemorative, the design of the coin depicts a classic image of Snoopy laying on the rooftop of his doghouse with friend Woodstock perched on his feet. Approved by Buckingham Palace, the obverse of the coin bears a fine effigy of Her Majesty Queen Elizabeth II by Ian Rank-Broadley FRBS. To view the coin, visit POBJOY.com. ]]> Richard Branson's 1st BVI Kite Jam on Necker Island was attended by international kiteboarders and pro athletes from around the world. Held Feb. 28-March 5, the unique event gained authentication as Billabong, a leading international surfwear apparel brand, confirmed their involvement as the presenting sponsor for next year´s event. Billabong BVI Kite Jam 2011 will take place February 26 - March 5. The highlights of the week included an unforgettable downwinder to Pomato Point on Anegada followed by a BBQ lunch at Cow Wreck Beach and an afternoon of freestyle action on Wednesday, March 3. Pro boarders Kristin Boese, Tom Court, Chris Burke and others carved up the waters along side Sir Richard Branson and participating kite jammers. Other activities took place off of Bitter End Yacht Club´s North Beach where pros and amateurs grinded on sliders and water obstacles on a sand spit in the Eustasia Sound. And Finally, BVI Kite Jam closed with an over the top party on a remote beach on Mosquito Island, complete with an award ceremony, fire dancers, and a DJ. At the opening party, the BVI Kite Jam Team presented $5,000 checks to charity partners Virgin Islands Search and Rescue (VISAR) and Tortola´s Kids And The Sea (KATS). "Sailors for the Sea" also gave the event a Clean Regatta Certification, an eco-friendly stamp of approval, in conjunction with Sunsail´s participation and use of their new Sunsail 394 catamarans. BVI Kite Jam is a unique annual kiteboarding event bringing together pros and amateurs with visual competitions, demonstrations, technique clinics and festivities taking place in key locations throughout the British Virgin Islands. The event aims to bring attention to the kiteboarding community as well as BVI as a Mecca for kiteboarding because of its ideal wind and water conditions. For more information and to register for Billabong BVI Kite Jam 2011, visit www.bvikitejam.com. (photo credit BVI Kite Jam) (resource: BVIPlatinum.com) ]]> BVINews.com) ]]> BYMNews.com.]]> UNICEF Change for Good program. American Airlines, a large presence in the travel plans of visitors to the Caribbean islands, donated $1.2 Million for UNICEF in 2009. American Airlines has been participating in the program since 1994. Last year, travelers donated $1.2 million in U.S. and foreign currency, the most ever for American. The money is collected on select international flights and at Admirals Clubs and Flagship Lounges. Donations received in January and February are earmarked to provide assistance to Haitian children. "American Airlines and its participation in the Change for Good program is invaluable to the U.S. Fund for UNICEF for its ability to bring both funding and attention to UNICEF's work," said Caryl Stern, president and CEO of the U.S. Fund for UNICEF. "A little change goes a long way. We are so thankful for the generosity of American Airlines customers and the dedication of the committed American Airlines employee volunteers who choose to help improve children's lives," Stern said. Change for Good is an innovative partnership between UNICEF and the international airline industry. Established in 1987, it is one of UNICEF's best-known and longest-running partnerships. Currently more than 10 international airlines support the Change for Good program. Thanks to the generous support of customers and participating airlines, Change for Good has generated over $90 million that UNICEF has used to provide a healthier, happier future for millions of children. Send your unused foreign currency today to UNICEF. If you are unable to donate your foreign currency on an American Airlines flight or at an Admirals Club or Flagship Lounge, you can still support Change for Good by sending your gift to the following address: U.S. Fund for UNICEF ATTN: Change for Good Program 125 Maiden Lane New York, NY 10038]]> Nanny Cay, Tortola: 32 waterfront townhomes with a mooring at each for a small boat, on a private waterway, with the option of keeping a larger yacht in the full marina. Prices start at $650,000 for the freehold of a two-bedroom semi-detached house with sea views, and there's an optional rental program. Virgin Gorda: more laid back than Tortola, which is the hub of business and politics. Under development, Oil Nut Bay, on an extremely private peninsula nearby accessible only by sea or by air, has three types of property, all for sale freehold: estate lots of between one and 10 acres, priced from $2 million to $25 million upon which buyers build their own property; beach villas with four to six bedrooms, each with private pool and intimate spaces, from $7.95 million; and ridge villas situated on the top of the peninsula with outstanding views of the Atlantic and the Caribbean, from $5.25 million. Also on Virgin Gorda is Rosewood's Little Dix Bay, a luxury retreat, which is developing a very select number of private villas in the hills above the resort. These two- and three-bedroom villas will have open-plan living spaces and vaulted ceilings with timber framing and spectacular views, as well as private pools. Owners will have access to all the facilities in the hotel, including the wonderful beach, and there's an optional rental program. Prices start at $2.25 million. Our Coldwell Banker agents can provide sales and resort information for any of these properties. Use our expertise and professionalism to find out more about investing in British Virgin Islands real estate.]]> Mikaya is quite simply the right house at the right price, with a spacious open plan lounge/kitchen/dining area, 3 bedrooms, large shady terraces and a pool. Two bedrooms and bathrooms are on the upper level and the third, again with ensuite bathroom is on the lower level, next to the pool. The views out over North Sound are nothing short of spectacular. Asking $1,600,000. Visit our Coldwell Banker Listing page for details and more photos.]]> Scrub Island, BVI's newest luxury resort on 230 acres of unspoiled tropical land on a private island, is offering a six-day Caribbean vacation with the Living Abundantly package. This includes participation in a hands-on health and wellness program developed with Gene Smart Wellness. With Living Abundantly, you'll interact with from Floyd “Ski” Chilton, Ph.D., one of the true pioneers in the study of the relationship between the foods we eat, the way we exercise, our genes and our health. The Living Abundantly package includes: five nights and six days in a deluxe ocean-view room; gourmet breakfast, lunch and dinner daily, with a focus on delicious and nutritious cuisine; a complete pre-trip Gene Smart Health Assessment, including a survey of diet, exercise, health and quality of life measures, as well as a comprehensive blood profile measuring omega-3, cholesterol, insulin, etc.; up to three one-on-one personal coaching sessions with Dr. Chilton; and much more. Gene SmartTM Wellness (GSW) is a preventative healthcare company that utilizes the latest understanding of the relation between diet and exercise, our genes and our health to empower individuals to take control of their health in order to live life abundantly. Scrub Island offers luxurious guest rooms, a full-service marina, gourmet restaurants, an opulent spa, as well as a myriad of activities and services. Scrub Island is the first luxury development to open in the British Virgin Islands in more than 15 years. (resource: Elite Traveler.com)]]> This weekend is the promised Kite Jam hosted by Richard Branson, a kite boarding festival with top kite boarders from around the world who will challenge the big winds, big waves, and one another. The event starts Saturday, Feb. 27, with a VIP party and fashion show sponsored by Billabong. On Sunday, boats will begin shuttling guests and competitors to Necker Island, Branson's luxurious, no expense spared, private playground. That island will serve as the base of operations for the week, with contests and other events taking place there and on several surrounding islands. The actual competitions get underway on Monday, March 1, with daily races and freestyle events lasting throughout the week, culminating with a pro rider showdown on Friday, March 5. In addition to the various competitions, there will be regular kite clinics, with instruction, plus awards ceremonies, luncheons, and parties. Prices for the week-long event begin at $25,400 for a single room in the Necker Island Great House and run as high as $28,350 for the Master Suite, with several other options in between. The prices are all inclusive, granting access to all the events, meals, and drinks.]]> Admittedly and unashamedly a little on the funky side, this 3 bedroom, 2 bathroom, ½ acre property situated on Windy Hill overlooking Spanish Town is oozing with personality and will appeal to nature/art lovers. Not every tropical cottage can boast its very own Balinese Rice Barn in the garden with views of the Caribbean Sea, perfect for afternoon siestas! The large Great Room features cathedral ceilings, bar, ceiling fans, dining area; furnished with teak and bamboo furniture from Bali; handicrafts, antiques, and rugs from around the world. Asking $650,000 for Tree Tops. Visit our Coldwell Banker Listing Page for complete details and photos of this remarkable home.]]> BVIs’ business community, tourism executives, government officials, international friends and supporters have announced the first annual BVI Go Green Festival, the first large-scale festival in the BVI dedicated entirely to the promotion and education of eco-conscious development and services in the Caribbean. Organized by Green Technology and Ideas BVI, the BVI Go Green Festival is set to take place from Thursday, June 24 to Saturday, June 26, 2010. Other important supporters include The British Virgin Islands Tourist Board, Conservation and Fisheries Department, Andria Mitsakos Public Relations (AMPR), Rosewood Little Dix Bay, Lime, Deloitte, Kiss & Company, and OBMI. The main objectives of the Go Green Festival are to: * Educate the BVI and the Caribbean Region about taking care of our planet * Utilize the festival as a call to action and showcase avenues to take action while having fun * Position the BVI as a regional leader in environmental issues * Expand global awareness of the BVI Read more about the festival events at BVINews.]]> Get the information you need What price do you offer a seller? Is the seller’s asking price too high? Is it a deal? Your own research is important, as is the assistance of a Realtor. A professional Coldwell Banker Realtor can offer an unbiased opinion on the value of a home, based on many factors and a great deal of information. Without knowledge of the market, your offer could be too much. Or worse, you could miss out on a great buying opportunity. Hire the right person and trust that person to represent your interests. Buy YOUR home What do you need and want in a home? Sounds simple, but clearly identifying your needs and bringing an objective view to home shopping leaves you in a much better position. How much space do you really need? Too small and you may feel like you live in constant clutter. Too big and maintenance may become too daunting. Outline all of your priorities, and work on finding not just a great home, but a great home for you. Check the title Before you sign any document, be sure the property you are considering is free of all encumbrances. As a part of his or her services, a Coldwell Banker Realtor can supply you with a copy of the title to ensure there are no liens, debts, undisclosed owners, leases or easements against the title. Update the survey Before the purchase is completed, an updated survey is essential. This report will indicate boundaries and structural changes (additions to the house, a new swimming pool, neighbor’s new fence which is extending a boundary line, etc.), and will guarantee that you are indeed getting what you pay for. Minimize the unexpected For $300 - $500, a professional inspector will conduct a thorough inspection of the home. His/her expertise can mean the difference between uncovering major flaws before or after you own a home. Make the final contract subject to the report’s findings. Get pre-approved It only takes a few days to get financing pre-approval. When you are shopping for a home, this gives you more power. A seller is more likely to consider an offer from a serious buyer. Remember additional costs Besides the funds for the purchase of a home, you’ll need funds for items such as loan fees, insurance, legal fees, surveys, inspections, etc. Take a deep breath Before you sign, ensure that all documentation clearly reflects your understanding and conditions of the transaction. Has anything been forgotten? Don’t rush. You could lose money, financing, or even the sale if you attempt to push things through too hastily. ]]> This lot is approximately 1 acre, not too steep, in a quiet and small residential subdivision called Todman's Peak Land, on Tortola. Asking $250,000. Visit our Coldwell Banker Listing page for details.]]> SCUBA Diving magazine 2010 Reader’s Choice Awards, which highlight the results of an annual, impartial survey that allows SCUBA Diving readers to rate their favorite diving destinations. The British Virgin Islands were named the First Place winner for Top Beginner Diving, Second Place for Top Underwater Photography, and Third Place for Top Wreck Diving. As described by Travel Daily News, "Set against a backdrop of unspoiled natural beauty, the British Virgin Islands allow visitors to explore and discover world-class diving, sailing, shopping, dining, and hospitality. After descending the depths to explore a century-old shipwreck, dive enthusiasts can enjoy a peaceful, relaxed, luxurious style unique to the BVI. BVI Wreck Week 2010, to be held June 12-18, tops the list of several exciting and high-quality dive offerings for the coming season. This will be the first year that the Dive Operators and the Tourist Board have partnered to host divers at various functions in the BVI."]]> Housing in America: The Next Decade, a new research paper authored by John K. McIlwain, senior resident fellow, Urban Land Institute/J. Ronald Terwilliger Chair for Housing, emerging trends in demographics and consumer behavior will result in a residential market very different from that before the recession. The effects of widespread foreclosures and their drain on market values, and the loss and need to re-establish a private market residential finance system, will be felt more in the U.S. But shifts in housing demand triggered by baby boomers, their children, and by immigrant households will be felt offshore. Currently, there is an unprecedented number of foreclosures and short sales on the market, and more homeowers are choosing to walk away from the mortgage rather than sustain a large financial loss through a short sale. This suggests a fundamental change from the long-held notion of homeownership as the ultimate American Dream. McIlwain explains that this disillusionment over homeownership - as a way to build wealth - could persist for decades to come, as those entering the housing market will be more apt to rent longer, and to place more emphasis on buying for shelter rather than investment purposes. The shift away from using real estate as a means to build an investment portfolio could be felt throughout the region. The demographic waves identified by McIlwain include: 1. Aging Baby Boomers (55-64) will continue to work, many will stay in their homes until values recover, and those who can move or invest in a 2nd home will opt for mixed-age environments which offer active lifestyles. This group has lost a very large part of its wealth and ability to invest. 2. Younger Baby Boomers (46-54) also will not be able to sell their homes at what appreciation they intended, and may not move as quickly as in past years. Their ability to purchase 2nd homes will be greatly diminished because of flat incomes and less home equity. They also will be drawn to more compact communities that emphasize connectivity. 3. Generation Y, actually larger in number than the baby boomers, has grown up with computer technology. They value community, places - either virtual or actual - where they gather and share information. They are less interested in homeownership than previous generations, have smaller incomes, and want walkable, connected communities which are Green. 4. Immigrants (in the US), which already number over 40 million, will have a huge impact, especially when extended families are included - children, grandparents, grandchildren, etc. The tendency of immigrants to cluster, and to live in multi-generational households, suggests that they would prefer larger homes if they could afford them and in neighborhoods with a strong sense of community. Any investment in 2nd homes would mirror the "cluster" concept. All of these 4 groups share the desire to live and work in more pedestrian-friendly, transit-oriented, mixed-use environments. McIlwain concludes, “The suburban century is over. This is the urban century.” Many will still be able to afford vacation home whole ownership, or fractional ownership shares in vacation destinations, and investments in a property for future retirement. But the numbers of those buyers who will be from the US - according to this study - will dramatically decrease, and their interests in the types of properties considered, with what is left of their disposable income, will - or has already - definitely change. Read more on McIlwain's report at RisMedia, and visit the Urban Land Institute to learn about the global real estate community. ]]> CaribbeanNetNews) ]]> BVINews) ]]> Moorings for more information.]]> The last available lot in a small, covenanted, unique residential community on the point that extends from Cane Garden Bay. Glorious views of North West shore of Tortola, Jost Van Dyke and St. Thomas in the distance. Breathtaking sunsets. Very buildable with access via concrete road. All utilities close at hand. Half acre. Asking $2,500,000. Visit our Coldwell Banker Listing page for more details.]]> About.com on Scrub Island Resort: "This is a spectacular resort –- or will be when it’s done. We visited in mid-July 2009 when hundreds of workers were scrambling over this rocky island to create, by Jan. 1, the British Virgin Islands' first new private resort in more than 15 years. A few model rooms were ready and they were magnificent. The guest rooms and gorgeous villas will dot 230 previously undeveloped acres -- many on towering hills facing the ocean. "Pros: *Phenomenal location overlooking Little and Great Camanoe Islands *Amenities include GPS guest phones for ordering food and drinks on the beach *Isolated One Shoe Bar, named for the footwear that workers occasionally found washed up on shore *Marina with deep-water berths available for long term or transient docking "Cons: *Price may be high for some; after April 30, 2010 opening promotion ends, rooms start at $650 "Scrub Island is a free five-minute boat ride from Trellis Bay on Tortola, and its marina is the closest to the North Drop, a treasure trove for blue marlin anglers that's only 13 miles away. Eventually, there will be four sugar-sand beaches around the island, which is comprised of a smaller section containing the resort proper and connected by a thin strip of land to Big Scrub, which is open for private ownership with 50 house lots permitted from 1.5 to seven acres." Visit Scrub Island for rates and reservations, and enjoy their Virtual Tour. ]]> Pebble Beach Cottage is a desirable waterfront property located at the West End of Tortola with a private dock that is capable of accommodating boats up to 15Ft. The property extends to 0.6 acres and overlooks Frenchman’s Cay, Sopers Hole and the clear water of the Sir Francis Drake Channel. Built in 1962, the house features 2 bedrooms/1 bathroom and has been renovated over the last few years. Asking $1,950,000. Visit our ColdwellBanker Listing page for photos and details.]]> Scuba Diving Magazine’s 2010 Readers Choice Awards, earning the number one spot for Top Beginner Diving Site, second for Top Underwater Photography and third for Top Wreck Diving. The awards were presented based on results from the magazine’s readers’ survey. Awards were given for the following categories: marine life, visibility, health of marine environment, wall diving, snorkeling, diving for beginners, underwater photography and overall rating of the diving. Readers had the opportunity to choose the best in those categories in the world’s three dive regions, North American, Pacific and Caribbean/Atlantic. Acting Director of the British Virgin Islands Tourist Board, Hadassah Ward, said, “The Tourist Board will continue to do its part to bring sailors and divers to experience the beauty of the Virgin Islands while working with our local partners to further protect our marine ecosystem that sustains our vibrant marine life and shores.” (resource: BVI News)]]> InsideSales.com said in a recent study a Realtor has 5 minutes to effectively call and find out how to serve an internet visitor when that query is received, the average number of hours it takes a Realtor to respond is 54 - 54 hours compared to 5 minutes! We at Coldwell Banker have a better system. It's called Lead Control. This is our promise to you, from Coldwell Banker Island Affiliates' (CBIA) Lead Control: "With CB LeadControl you will be able to instantly respond to the visitor from your iPhone or Blackberry, or pass him or her along to another agent at our firm." This is a system we at CBIA have created just for our clients, interested web visitors, referral customers - anyone who finds us online. Our agents can log on through any computer, update the status and activities of any customer, set up future contact times, and see instantly who to contact on any given day - or be reminded, if they have missed that call to action. Jambor writes, "That being said, what kind of a system would you need in order to immediately contact Internet visitors? It would have to have the following features: *Be Internet Based of Course *Send information to your Cell Phone *Send a copy of the information to your Email *Add the visitor to a mailing list so he/she will receive valuable information about your market areas *Schedule a follow up plan that alerts you via cell phone/email when you need to follow up again." At Coldwell Banker BVI, we are committed to this new system and to contact you, our internet visitor or prospective client, within this timeframe. We know you want and expect a fast response to your inquiry. But we ask that you include a phone number if you do want a 5-minute call back. Real estate is not a 9 to 5 job, and we pledge a combination of calling, following up, and providing content of value. We want your feedback if you don't feel your needs have been addressed properly and quickly. We value your business and your referrals. Give us a try!]]> The Anegada lobster of the Caribbean is now featured at Rosewood Little Dix Bay on Virgin Gorda. The beachfront resort, ranked #1 in the Caribbean by Harper's Hideaway Report in 2008, has launched a season-long series of monthly Lobster Festivals for guests to savor the succulence of the Caribbean lobster. Anegada lobsters are spiny and pincer-free, with long, thick, beautiful antennae. Indigenous to warm waters throughout the region, the lobsters are particularly prolific around Anegada, the northernmost of the British Virgin Islands. With their capacity to grow to great size, in the right hands, Anegadas are considered a Caribbean delicacy. The festivals will be held one weekend each month from January through July. Guests will be able to select their own lobster directly from the fishermen on the beach at Little Dix Bay. Hotel chefs plan to offer 8 lobster dishes accompanied by distinctive wines.]]> Geoff Holt, from Southampton, England, left Lanzarote Dec. 10 and arrived yesterday, Jan. 7, to become the first quadriplegic sailor to complete a solo voyage across the Atlantic. Holt had to make unscheduled stops in Cape Verde Islands, and refuel offshore in Antigua, and had some mechanical issues, and light winds for much of the voyage, but his boat, Impossible Dream, with carer and media person, arrived in Cane Garden Bay on time per his revised schedule. He did all his own sailing in the 60ft (18m) purpose-built catamaran. He told BBC News: "It's fantastic, it's absolutely wonderful to be back after 25 years to sail across the Atlantic Ocean, it is quite emotional...This has been years in the planning. It has been my dream to sail back across the Atlantic and I have only gone and done it." Holt has limited use of his arms and hands and used a hydraulic push button technology to sail the vessel on the 28-day voyage. He broke his neck while diving into shallow water and has used a wheelchair ever since. To read more, visit Geoff's blog and web site. Our congratulations and wishes for an enjoyable stay in the British Virgin Islands.]]> RisMedia)]]> TrackAlerts.com.]]> Realtor.org what he adapted from those first sales, he answered, "I learned that you need to listen to your customers and pay attention to how they react when you are showing different homes. Practitioners need to remember what the client likes and dislikes. This transaction also gave me confidence that I knew what I was doing and would be good in the real estate business." Our goal for 2010 here at Coldwell Banker is to provide outstanding customer service in every way to everyone who comes through our doors. Our wishes for a Happy New Year to all.]]> Many of you are following Geoff Holt's sail from Lanzarote, England to Tortola, but if you haven't heard about his adventure as skipper of the 60' Impossile Dream, here's a synopsis. His post today, 12.29, reported he and crew were half way across with a good following wind. His wife and son are already in BVI, waiting his landfall. In completing the voyage, Holt will become the first quadriplegic to make the journey, unassisted in every aspect of the sailing. By the age of 18, Geoff had sailed in excess of 30,000 miles at sea, including 3 trans-Atlantic crossings and several solo voyages. His career was cut short in 1984 by a life changing accident which left him paralysed from the chest down. Diving into shallow water off Tortola broke his neck, causing a complete spinal cord injury and he has used a wheelchair ever since. “Sailing has given me so much in my life. It was my livelihood before my accident and it was to be my saviour after it. The freedom I experience on the sea is like no other; I am free of my wheelchair and free of my disability. When I am on the water, it makes me feel alive and any sailor, regardless of their ability, will know exactly that same feeling. Sailing is my life.” says Geoff. There are 2 others on board. Susana Scott, his carer, in Geoff's words, "is from New Zealand and has been looking after high level quadriplegics for a few years now so was the ideal candidate as my crew member for my trans Atlantic voyage. She is not a sailor herself but will be undergoing several training courses as part of the preparation for the voyage, including a Ship's Doctor course, Survival at Sea, VHF and Competent Crew." Unfortunately, she has been seasick most of the voyage, but is still an invaluable member of the crew. The 3rd person is Digby Fox, who is filming the adventure as media specialist. Read Geoff's blog - http://geoffholt.com/blog which gives a map showing his progress, videos, and more. He mentioned again in yesterday's post that he needs donations for airtime to answer emails and post the blog, as airtime costs $50 USD/Mb so he can only afford 3 minutes/day. He writes, "Digby & Susana need to use the system too so anyone wanting to sponsor our airtime costs would be most appreciated - the video blogs and email checks alone have already amounted to nearly £2,000 and we've got at least another 10 days to go." His trip is remarkable and we are all anxiously waiting his arrival. ]]> Spectacular hillside home available in Tortola. $850,000. Visit our Coldwell Banker Listing page for details. ]]> ]]> ThisMoney, "It's a slow-growing market compared with other areas of the Caribbean. Accessible by small carrier (or private plane) from other island destinations, including Antigua and Puerto Rico, the BVIs have sought to avoid the mistakes — and the now-cooling inflated property prices of Barbados and Antigua. "Purposefully building a runway too short for any plane with more than 72 seats curtailed package tourism, while making foreigners (or Non-Belongers) apply for a licence to buy property, prevented speculation. This Non-Belonger Landholding Licence or NBLHL, takes six to 18 months to obtain and entitles you to spend six months of the year on the islands. "Additionally, if you sell your property and your buyer is a Non-Belonger, you must advertise it in the local press for four weeks so that locals (Belongers) have the opportunity to buy on the same terms and conditions." Smith said that prices have increased stedily at around 7%/year. He continued, "Because it's the third wealthiest territory in the Caribbean — 65% of its income comes from financial services — there's a feeling that everyone is doing well, it's a nice place to live: no poverty, negligible unemployment and low crime. The combination of English law (the British overseas territory became autonomous in 1967) and the U.S. dollar — seen as the safe currency in the Caribbean — is appealing. The bulk of expats are based in the capital Road Town on Tortola — where 23,000 of the BVI's 28,000-strong population are located." Long-term rentals are a better bet than vacation rentals, because there's a big expat workforce in financial services — 550 offshore companies are registered in the BVIs — taking advantage of the low taxation (income tax capped at 20%, nominal property taxation, no capital gains tax or inheritance tax). The average purchase in the British Virgin Islands is a home on the beach or with sea views that costs between $1m and $2m (£595,000 to £1.19m). Virgin Gorda is more expensive than Tortola, more associated with luxury resorts and holiday homes. It's seasonal, has fewer amenities and residents. There is some property available on the outer islands, which aren't as developed. The BVI real estate owners are cosmopolitan, not British, or American, but a mix who come to the islands for lifestyle, not to make money in a real estate investment. If this sounds like what you want from property in the Caribbean, contact any of the agents in our Coldwell Banker office. ]]> The British Virgin Islands Athletic Association will celebrates its 40th anniversary in 2010 and one of the ways the association intends to commemorate the occasion, is by producing an anniversary book to highlight the achievements of the islands’ athletes, who competed over the past 40 years. President of the BVIAA Dean Greenaway, said the book will highlight the achievements of the last 40 years ns honor all BVI national record breakers and international medalists. In the past year, BVIAA introduced an ‘Athlete of the Week’ program, which highlights youth, junior and senior performance, and a National Record Breakers Recognition program. A new format was introduced for youth championships, with the top performers from the Inter-Primary Schools Championships. The association also dropped "amateur" from its name and designed a new logo. Greenaway feels the mondo track on the island has contributed to the growth of the track and field in the BVI. “With our Mondo track inaugurated in 2008, we have seen improvements in overall performances. More of our athletes have gone on to college in the United States and have been exposed to stiffer competitions. Additionally, more of our coaches have also improved on their IAAF coaching qualifications which has helped in the development and identification of young talent.” Pictured here is Tahesia Harrigan, who won the 100 meters at the Caribbean and Central American Championships in Cuba in July. Harrigan then became our first IAAF World Championships semifinalist and also came within .02 secs of her national record when she ran 11.15 at the Reebok meet in New York. For 2010, Greenaway is hoping Harrigan can continue where she left off in 2009 and win another medal at the World Indoor championships in Doha, Qatar in March. ]]> Business Week recently wrote, "If You Don't Buy a House Now, You're Stupid or Broke. Interest rates are at historic lows but cyclical trends suggest they will soon rise. Home buyers may never see such a chance again." Now is when prices worldwide are at their lowest in years. Now is when inventory is at the highest rate in years. Now is when rates are historically low, the lowest recorded in nearly 40 years. Many call this confluence of buying factors the change of a lifetime. It is, at least, the once-in-a-generation opportunity. Roth explains that the most important driving force of this buyers jackpot is the low interest rate. He says, "The most important lesson is to understand the actual financial impact the rate has on the cost of purchasing and paying off a home. Every quarter-point change in interest rates is equivalent to approximately $6,000 for every $100,000 borrowed over the course of a 30-year fixed. While different in each region, for the sake of simplicity, let's assume that the average person is putting $40,000 down and borrowing $200,000 to pay the price of a typical home nationwide. Thus, over the course of the life of the loan, each quarter-point move up in interest rates will cost that buyer $12,000. "As the global economy stabilizes, it is reasonable for us to see 30-year fixed rates climb to 6% within the near future and probably to a range of 7% to 8% when the economy is humming again. If every quarter of a point is worth $12,000 per $200,000 borrowed, then each point is worth almost $50,000. "Let's put that into perspective. You have a good stable job. You would like to own a $240,000 home. However, even though home prices have steadied, you may be thinking you can get another $5,000 or $10,000 discount if you wait. Or you may be waiting for the news to tell you the economy is "more stable" and it's safe to get back in the pool. In exchange for what you may think is prudence, you will risk paying $50,000 more per point in interest rate changes between now and the time you decide you are ready to buy. "If you are someone who is looking to buy or upgrade in the $350,000-to-$800,000 home price range, and many people out there are, then you're borrowing $300,000 to $600,000. At 7%, the $300,000 loan will cost just under $150,000 more over the lifetime, and the $600,000 loan an additional $300,000, if rates move up just 2% before you pull the trigger. "What I'm trying to impress upon everyone is that if you are planning on being a homeowner now and/or in the foreseeable future, or if you are looking to move your family into a bigger home, then pay more attention to the interest rates than the price of the home. If you have a steady job, good credit, and the down payment, then you really are being offered the gift of a lifetime." Stop in our Coldwell Banker office and let's talk about your options, and your buying opportunity of a generation.]]> BVINews) ]]> BVINews)]]> Located by gorgeous Mahoe Bay, Villa Open Deck is only 250 feet away from the magnificent white sand beach at Mahoe with its gentle lapping waves and amazing nearby reefs where snorkelers spend hours marveling at the incredible colorful species of fish and coral formations. Completed in February 2002, this 3 bedroom 3 bathroom very spacious home was designed to capture the sensational view of Tortola and the sunset. It offers indoor as well as outdoor living and dining areas and affords access to the pool terrace from the Great Room as well as from each of the beautifully furnished air conditioned bedrooms. Asking $2,500,000. Visit our Coldwell Banker Listing page for details.]]> NASA aerial view of the British Virgin Islands was just released by the Earth Observatory. Here is the description: "Of the British Virgin Islands, the largest is Tortola, roughly 5 kilometers (3 miles) wide and 19 kilometers (14 miles) long. Tortola’s origins are volcanic, and the island consists of a chain of rugged hills. With an elevation over 500 meters, the island’s highest point, Mt. Sage, is also the highest point in the British Virgin Islands. "On September 17, 2005, the Advanced Land Imager (ALI) on NASA’s Earth Observing-1 (EO-1) satellite captured this true-color image of Tortola and its smaller neighbors, Guana Island, Grand Camanoe, and Beef Island. The islands follow a roughly southwest-northeast trajectory. Gray-beige urbanized areas cling to the coast while Tortola’s interior remains mostly green, an arrangement driven by the islands’s topography. The biggest settlement fringes Road Bay. A straight line crossing Beef Island gives away the location of a small airport. "Tortola’s carpet of green suggests a lush rainforest, but the island actually supports a patch of drought-resistant forest, in addition to plants accustomed to more water. Tortola’s climate and land surface are well suited to raising livestock, but tourism and financial services are the primary industries." Pretty spectacular! ]]> Islands Magazine has recognized the British Virgin Islands as one of the Best Places on Earth. The Territory will be featured in the magazine’s Travellers Wish List for Winter, in the December issue. The editors of the magazine will travel to the BVI in early 2010 to do a full feature on the BVI experience for its March issue. As reported by BVI News, "Hadassah Ward, Acting Director of the BVI Tourist Board, said, "the promotion will specifically target travellers that will appreciate the Territory’s refined offerings in resorts, villas and high-end appeal. She said, “Of ISLANDS readership, over 80% are international travellers with an average house hold income of $235,790. Its readers comprise of the top travellers to the Caribbean, Asia and South Pacific islands. With travellers that can afford different experiences, we know the Territory will offer a pleasant surprise that truly warrants being promoted as one of the best places on earth.' "Islands Magazine has a readership of over 520,000. The BVI will also be featured in the magazines 2010 calendar, which is distributed to over 10,000 travel enthusiasts. The December edition of the magazine is presently on international newsstands." Come see what all the accolades are about and stop by our Coldwell Banker office while you are here. ]]> entry form here.]]> Buying property on the British Virgin Islands The financial storm never really hit prices on this Carribean relax haven Laura Dixon The whereabouts of the British Virgin Islands are something of a mystery to most people. The confusion clears only if you mention Necker. This particular Virgin island is owned by Sir Richard Branson, who bought it for £180,000 in the 1970s; there are more than 50 others in the archipelago, which lies 200 miles (320km) northwest of Antigua. For decades, this former colony has been known as an offshore financial haven — and as a Caribbean bolt hole for the yachting set. But this obscurity could soon be a thing of the past, as developers set out to attract second-home buyers from the UK. BVI — as everyone calls the place — will be marketed to those who want Caribbean laid-back luxury, are prepared for a nine-hour flight (and that’s just to Antigua where you change planes) but think the region too expensive. Prices in the BVI were rising at 6-7 per cent a year before the global slowdown. Although transactions are down, prices have held fairly steady. At present, most of the islands are either uninhabited or populated by a handful of privacy-hungry residents. Even the largest island, Tortola, is largely tree-covered, the mountain roads branching from the capital Road Town to the harbours dotted around the island. As there are no direct flights from the UK, the islands have escaped the flash-cash projects found in other parts of the Caribbean. To date, most second-home buyers have been American. This is no surprise as, culturally — and despite their name — the islands are more American than British. They use dollars, for one thing. On Tortola, a Scottish entrepreneur is in the process of developing Nanny Cay, a marina on the south side of the island. The 32 townhouses will have space to dock a boat outside — a valuable asset for the yachting crowd. Prices start at $650,000 (£390,000) for a two-bedroom flat, and there is an option to enter a rental pool when you are not there (nannycay.com). Although there is somewhat of a divide between expat properties — which tend to be larger, more modern and with a pool — and those of the islanders, both have enjoyed the wealth of the boom years. Everyone drives SUVs here — necessary, apparently, for the steep mountain roads — and the GDP per capita makes the BVI one of the wealthiest islands in the Caribbean. Perhaps inevitably, however, much of the new development taking place is aimed at high-end living. Oil Nut Bay, on the eastern end of Virgin Gorda, the second largest of the islands, is an exclusive holiday complex that will have 88 villas, all with views either to the Caribbean or the Atlantic (oilnutbay.com). Beachside plots cost $5.95 million (£3.6 million), while ridge-side plots are priced from $2.85 million (£1.7 million) and $25 million (£15 million) for one of the larger plots on the top of the ridge. This end of the island is accessible only by boat or helicopter and is definitely high-end; from the specification of the villas to the beach, which has been “enhanced” by bringing sand from another Caribbean island. “This is going to be a very low-density development — we had permission for 400 homes but have cut that down to 88,” Mike Lorence, the development’s vice-president of sales, said. “It will be like having a private island with all the amenities of a village.” For those who prefer to live among the island’s community, three and four-bedroom seafront houses cost about $3 million (1.8 million), depending on the size of the property and the location. Sea’s Song Villa, a three-bedroom property on Virgin Gorda, is on the market for $2.95 million. Perched on a ridge above a secluded beach, the house has views over the bay to St John’s, 10 miles (16km) away. The islands are unspoilt in part because they are so difficult to get to; to get to Virgin Gorda you need either to charter a small plane from Antigua or one of the larger islands, or get one of the services to Tortola with the Caribbean carrier Liat, and then a boat to Spanish Town. But the distance has, in many ways, preserved the islands’ low-key charm. While still definitively wealthy, they are still more boating-set than handbag-set; the people who buy here tend not to be the casino-loving types that buy property on South Beach or in the Bahamas. “There’s no Gucci, no Prada,” Cameron McColl, the owner of Nanny Cay, said. “That’s a big difference with some of the other Caribbean islands. It’s not cool to be flash here.” Coldwell Banker BVI: coldwellbankerbvi.com, 001 284 495 3000; Savills International: savills.com/abroad, 020-7016 3740 Fast facts With no corporate income tax, no capital gains tax and only a low “payroll” tax rate, BVI has attracted the wealthy for decades. For residents, income tax kicks in at $10,000 (£6,000), and thereafter is charged at 14 per cent, only part of which is paid by the employee. But, says Tanis McDonald, of KPMG in the BVI, the archipelago is no “tax dodge”; in August, it moved on to the OECD’s white list after agreeing to international standards on tax compliance. Would-be house buyers must apply for a “non-belongers” land-holding licence, or if buying land, submit proposals outlining the size and cost of future buildings. Owners of land not developed within the usual two-year time limit could forfeit 40 per cent of the sale value. The Times Online article]]> BVINews) ]]> A delightful 3 bedroom home with large infinity pool and private guest suite offering beautiful views of the Sir. Francis Drake Channel, St. John and beyond. Designed by influential local Architect, Michael Helm, to take full advantage of views and breeze. The open plan lounge with vaulted timber ceiling leads out to a large poolside terrace and bar area and provides for true indoor/outdoor living. A well equipped galley kitchen, laundry area, plenty of storage, and mature tropical landscaping. Asking $700,000. Visit our Coldwell Banker Listing page for more photos and details.]]> Away.com, a leading website for travel planning, announced the launch of its new "Best Resorts & Lodges Guide" - a comprehensive directory of the top domestic and international resorts and lodges. "Away.com is focused on delivering advice to travelers that helps them choose the best vacation option, no matter the destination, no matter the price," said Eric Brodnax, vice president and general manager of The Away Network. The Editors of Away.com chose Rosewood Little Dix Bay, Tortola, BVI, as the Best Beach Resort. Rosewood Little Dix Bay sits on a crescent-shaped bay on the island of Virgin Gorda in the British Virgin Islands. Founded in 1964 by Laurance S. Rockefeller, the resort remains true to its founder's vision of natural harmony and earth in balance while offering an escape from the ordinary. Elegantly appointed accommodations blend unobtrusively into the surrounding landscape and are located steps from the beach. Guests can enjoy a wide array of activities such as diving, snorkeling, watersports and hiking. World-class amenities, including three distinctive dining venues, Sense, A Rosewood Spa®, tennis, fitness facility and children's center, complete the experience. Virgin Gorda - which translates to "Fat Virgin" from Spanish - was named in 1493 by Columbus, who saw in the islands now framing Rosewood Little Dix Bay the silhouette of a portly woman lying on her back. The island was a fairly desolate agricultural community when Laurance Rockefeller established the resort; planning and land acquisition began in 1958. Little Dix Bay opened in January of 1964. A believer in hiring and training local people to proudly serve their island, Rockefeller discovered a friendly, highly motivated work force among the residents of Virgin Gorda. In December 1993, Little Dix Bay became part of Rosewood Hotels & Resorts. It was reopened in March 1996 after extensive refurbishments. A five-year, multi-million-dollar renovation was concluded in December 2006, signifying the rebirth of Rosewood Little Dix Bay as a legendary destination. The renovations brought a new cliffside spa, The Children's Grove, resort-wide refurbishments of the guest rooms, and addition of 16 new Rosewood Junior Suites as well as three hilltop villas,new restaurant designs and an innovative employee training program developed across the Rosewood collection. The resort features 100 spacious guest accommodations that seem to "grow" out of the landscape. Most are shaded by native sea grape and palm trees, ensuring ultimate privacy. Each guest room has an outdoor patio or terrace on which to enjoy the idyllic setting of Virgin Gorda and its gentle tradewinds. For special offers, visit the Little Dix Bay web site. If you choose the Rosewood as your resort in BVI, be sure and stop by our Coldwell Banker office to discuss our great buying opportunities. ]]> BVINews) ]]> Had a call a couple of months ago from a chap in Monaco at the Boat Show. He turned up recently and we’ve managed to rent him and his professional Russian racing team a couple of houses for six months. He told me that the way he got our number was that he was sitting in a bar in Monaco drinking a beer and talking about heading to the BVI and someone tapped him on the shoulder and gave him a Coldwell Banker BVI beer coolie with our logo and number on…I knew they’d work eventually! Don’t dis de coolies…they travel well and have magical powers!]]> how much will a buyer pay for your home. Buyers don't care how much you paid for the home, how many memorable moments you and your family shared in the home, how much cash you need for the down payment on your next home, or how much time and money you've invested in your home's hardwood floors, fresh paint, lush landscaping or other improvements. The following are things you should consider when setting the price for your home: CMA: Our Coldwell Banker realtors will be willing to prepare a comparable market analysis (CMA) for you as a free marketing service, with the goal of getting your business whenever you decide to move. A "comparative market analysis" (CMA), shows the prices of comparable recently sold homes, on-the-market homes and homes that were on the market, but weren't sold. A market-savvy Coldwell Banker realtor will give you a rough idea of what your home would be worth, given its size and condition and local market conditions. Some agents will tell you to under-price your home in hope of sparking a bidding war. Others will suggest a flatteringly high price to "buy" your listing only to demand a price reduction a few weeks later. Price recommendations based on CMAs aren't gospel. The decision about how much to ask, though, is always yours. APPRAISAL: An appraisal is different from a CMA in many ways. One difference is that an appraisal is only based on past sales. Also, unlike a CMA, a professional appraisal usually costs a few hundred dollars. A formal written appraisal can be useful if you have unique property, if there hasn't been much activity in your area recently, if co-owners disagree about price, or if there is any other circumstance that makes it difficult to put a value on your home. In a normal home sale, a CMA is probably enough to let you set a proper price. Appraisers rely on an on-site inspection of your home, recent sales of comparable homes, and replacement costs to arrive at an opinion of value. The appraiser's report is a full-blown description of your home and the criteria used to formulate the valuation. NEIGHBORHOOD OPEN HOUSES: Visiting open houses is a good way to compare your house to other homes that are for sale in your neighborhood. While you're there, try to make an impartial assessment of how those homes compare to yours in terms of location, size, amenities and condition. If both homes were selling for the same price, would you buy your home or someone else's? Chatting with real estate professionals about your local market will also help you get a good grasp on what a reasonable price range for your house would be. Keep in mind that these homes are For Sale, they haven’t sold, so the prices are only Asking Prices. OFFERING INCENTIVES: Sometimes a little something extra is needed to attract buyers. Here are a few examples on what you can offer to sweeten the deal: - Closing escrow quickly will attract buyers who want to move in right away. - Offering seller-financing will appeal to buyers who need to stretch their financial resources. - A lease-option can help first-timers who need down payment assistance. - The more creative and flexible you can be in meeting the buyer's needs, the more success you'll have in pricing your home to sell. - House improvements such as repairing the roof, or repainting the house, or leaving behind the washer and dryer may also offset setting a higher sale price. - Offering to pay some or all of a buyer's closing costs and discount points required by the buyer's lending institution is a way to offer a cash incentive, instead of just lowering the price. - Offering a bonus to the selling broker, in addition to their commission. Even after all the above has been done, the selling price is ultimately decided by you, the owner. Some owners may choose to set their selling price at the absolute lowest they are willing to sell because they hate to haggle. Others are willing to “see what happens”, and may set the price a bit higher. Set the price for your home at a level you feel is fair and reasonable and listen to the advice of your Coldwell Banker agent, the professional in your community. ]]> Next March 15-20, the ClubSwan Caribbean Rendezvous, one of the highlights in the Nautor’s Swan Calendar, will take the participating Swan fleet around some spectacular areas of the BVIs on a week’s program of cruising and social activities. 2 days they will be based at the prestigious Bitter End Yacht Club for seated dinners and beach barbeques to dinghy racing and treasure hunts. About 20-30 Swan yachts are expected, ranging from 36 to 114'. The Rendezvous will feature a range of on-shore and off-shore events, and while maintaining a cruising focus with a series of optional, laid back races around the islands. For information, contact the Swan Racing office, racing-office@nautorswan.com. (resource: Sail World) ]]> The inaugural BVI Kite Jam will take place March 1-5, 2010, will be a unique kite boarding experience and internationally renowned affair presented by the BVI Tourist Board and including Sir Richard Branson’s Necker Island. Branson, an avid kite boarder, conceived of the event after staging an impromptu race between Necker Island and Anegada with friend and Google Founder Larry Page. BVI Kite Jam will be a five-day event aimed at building awareness of the destination to the international kite boarding community, and will highlight BVI as a destination for this growing sport. BVI provides the perfect weather conditions and winds necessary for kite boarding. Myron Walwyn, Chairman of the BVI Tourist Board said, “BVI Kite Jam will be a unique annual sporting and lifestyle event showcasing BVI’s beauty, charm and sophistication. We can’t wait to bring together kite boarding athletes, first-timers, sports enthusiasts and VIPs for this exciting event.” Events, competitions, parties and meals will be hosted at Necker Island, Bitter End Yacht Club, Anegada and Moskito Island for participants throughout the five days. In addition, the event will support green and eco-friendly operations by obtaining a “Sailors for the Sea,” Clean Regatta Certification in conjunction with BVI Kite Jam accommodation partner Sunsail Yachts. Read more at BVINews.]]> SailWithTerry, LLC has teamed up with The Monticello Corporation, the makers of The Paper Tiger filing system software, to provide this once-in-a-lifetime vacation. The drawing will be held during halftime of Super Bowl XLIV on February 7, 2010. The winner of the Caribbean sailing vacation will be immediately posted on The Paper Tiger website. To enter the drawing, simply go to The Paper Tiger website and enter your name and email address. The sailing trip a Captain Only Charter, valued at over $4,500 can be used by the winner or given as a gift. No purchase is necessary. While it takes some digging, yes, no purchase is necessary but the site makes you believe there is. Go to the left sidebar, and click on "Enter the Contest" where you will see 6 choices - nothing about "free." Scroll down to a small line of text, "Contest Rules" - click there - and that page tells you how to just email to enter. The Following is Included in Captain Only Sailing Charter: *Sailing Yacht and Captain *Fuel - Water - Linens & Towels - Ice - Mooring Buoys *Cooking & Dinning Equipment *Taxes and Permits *Water Toys and Snorkeling Equipment Not Included in Captain Only Package *Travel Expenses *Provisioning/Food/Beverages *Gratuity: The Charter industry in the BVI works under the normal system of gratuity accepted in the USA hospitality industry. Given that service is acceptable to the client a gratuity of 10 - 20% of the charter fee is standard in the industry. &Friends & Family can join you on this sailing trip at standard pricing Capt. Terry Clark explains, "You will be taking a sailing vacation in the British Virgin Islands (60 miles east of Puerto Rico). Your custom agenda can range from high voltage and high activity to relaxing sailboat sailing with visits to world class spas. On this sailing cruise you set the pace and choose between a wide offering of water-based and land-based activities.The typical sailing trip includes sailing, snorkeling, diving, hiking, kayaking, exploring, relaxing and partying. "Our customers are looking for a unique Caribbean vacation. They want adventure travel, not just another hotel room with four walls. Our guests want to experience many Caribbean Islands in the BVI, taking in The Baths, Saba Rock, The Caves and other great locations from the comfort of their personal 'floating hotel' in the Caribbean." How can you lose! Good luck - ]]> www.winemakersdinners.com. Read more at BVIPlantinum. ]]> The British Virgin Islands Boat Show will be held on Tortola Nov. 5-7. The Charter Yacht Boat Show allows the Vacation Yacht Brokers from all over the world to view the Caribbean charter fleet at one location the week before their charter season officially begins mid-November. There are many yachts that will be sailing from their off-season anchorages to make sure they are on-deck to meet the various charter yacht brokers during this very important three days of inspections. Each morning of the Boat Show the crews re-polish every inch of their yachts and prepare it for the viewing by brokers. Each day of the show, the crews welcome aboard the people who will be promoting their business throughout the year. The crews are dressed in their best stuff, and each morning they prepare appetizers and beverages for all who visit. Also every day there are events for participants, such as expos, live entertainment, contests, education seminars, BVI Governor's Reception, and a napkin folding contest for the chefs of each yacht. Crewed chartered vacations in the BVI serve clients from around the world, and the member-yachts of CSY are viewed as the best of the charter industry. The Charter Yacht Society was founded in 1982 by the owners of crewed yachts in the BVI. Charter Yacht Society is the education arm, and advocate for the issues facing the charter industry within the BVI. (resource: BVI Charter Yacht Society Boat Show) ]]> British Virgin Islands has received a $45 million loan from Banco Popular of Puerto Rico to help expand the territory's only public hospital and update the sewage system. Finance Secretary Neil Smith says it is the most complex project the government has tackled in recent history. The existing Peebles Hospital is based in Tortola and has more than 40 beds. Smith says $30 million will go toward the expansion, while the remainder of the loan will be used to update the island's sewage system. ]]> This new listing is an exquisite 4 bedroom architect's home in Tortola of the British Virgin Islands. Located on 1.34 acfre, the home has 4,200 SF interior, 4 bedrooms/4.5 baths, with panoramic views of Caribbean sunsets and neighbor islands. Only moments from Smuggler's Cove beach, the property has been extensively remodeled by the present owner, an English Architect with over 20 years island experience designing first class, luxurious homes. Asking $2,495,000. Visit our Coldwell Banker Listing page for details.]]> The Hon. Ralph T. O’Neal, OBE, Premier of the Virgin Islands (U.K.) officially opened the newly paved public road to Nail Bay Oct. 2. “The opening of this newly concreted 22 feet wide public road to Nail Bay, beginning at the intersection at Pond Bay and the existing main Valley to the North Sound road, marks the completion of a major infrastructure project. This will make access to all the various properties along the northwestern shore of Virgin Gorda such as Pond Bay, Mango Bay, Mahoe Bay and Nail Bay much more comfortable for both residents and tourists alike who no longer have to navigate on unpaved dirt roads that washed away after each rain,” said Mr. Ajit Mathew George, Managing Director of Nail Bay Resort. He has been eagerly looking forward to this day since he first came to Nail Bay almost twenty-seven years ago in December 1982. The developers of Nail Bay Resort recently signed a Memorandum of Understanding (“MOU”) with the Taj Hotel Resorts and Palaces to develop in Virgin Gorda the first Taj Exotica Resort, Spa & Luxury Residences in the Caribbean, Central America and South America. Mr. George said that by completing the paving of this road three months before the end of this year, the Government of the Virgin Islands has once again demonstrated its commitment to attract a world class five star brand with an outstanding reputation for extraordinary service around the world. According to BVI Platinum, "This historic 148 acre former sugar plantation below Gorda Peak with almost a mile of waterfront overlooking Sir Francis Drake Channel on the north western shore of Virgin Gorda has been in the process of being developed into a luxury villa resort with over 50 million dollars invested to date. Over the past three years, most of the secondary roads within Nail Bay have been paved in concrete after all the utilities were placed underground. Generators were installed to automatically provide stand-by electricity to all lots together with a state-of-the art internal water distribution system served by a desalination plant at Nail Bay. "Rated #1 hotel in Spanish Town, Virgin Gorda by TripAdvisor.com and recommended by Frommers and The Best of the British Virgin Islands and named the best value in Virgin Gorda by Travel+Leisure Magazine, Nail Bay offers numerous distinctive villas, apartments and rooms with magical sunset views and three sun bleached, deserted, sandy beaches with great snorkeling. Nail Bay also offers modern conveniences such as ADSL internet service, satellite television and radio as well as DVD players and iPod stations and dining at the SUGARCANE restaurant. For more information on Nail Bay, visit www.nailbay.com. "Nail Bay was also the Founding Sponsor of the highly successful 2008 and 2009 Winemakers Dinners, which was organized by the BVI Charitable Fund."]]> BVINews)]]> BVINews)]]> British Virgin Islands signature gatherings. The weekend long tournament from October 9 – 11, 2009 will feature diverse fishing experiences in a beautiful setting. Scores will be awarded for different species. The catch and release of Marlins will earn you the highest points, 200 for a blue marlin and 100 for a white marlins and/or a sail fish. One point per pound will be awarded for the catch of Mahi-Mahi, Yellowfin Tuna and Wahoo. For those who would like to try their luck by doing some bottom fishing the tournament will award points for snappers, queen snappers, groupers and/or similar species. The weekend-long event will host a series of activities for all attendees, angles or non-anglers. Daily activities, beach excursions and picnics will be available during the day. A costume party will be held Saturday evening, where the best costumes will win a prize. The tournament will end with an award ceremony on Sunday night at the restaurant in Leverick Bay. Awards for the best fishing boats, top anglers and best catch of the tournament will be handed out. Prizes include: trophies, free vacation packages, fishing gear and lots of surprises. This event will take place thanks to the support of: Leverick Bay Resort and Marina, Club Naútico of San Juan, Roadtown Wholesale Trading LTD, the BVI Government and Tourist Board, and Discovery Bay Marina. ]]> BVI real estate and those looking to buy or sell will have noticed that the number of properties listed for sale this year has certainly risen. Hardly suprising, given the pickle the world economy has gotten itself into, but what they will also have noticed is that asking prices have not dropped. Yes, the odd one or two may have gone down a dollar or two, but most have not - and some have actually gone up. That’s not to say that accepted offers might be lower than they might otherwise have been, but to be frank, we’re not seeing a lot of that either. Locally, all the indicators would suggest that the BVI economy in general is down a bit but is certainly not as bad as elsewhere in the world. With caution being the better part of valour, the number of real estate transactions locally is down but certainly nobody is giving anything away and prices are therefore holding. In the ex-pat or “Non-Belonger” market, the same is true. Perhaps the nature of the overseas buyer in the British Virgin Islands has something to do with that. Most of our Non-Belonger clients tend to be reasonably successful, middle-aged folks, who enjoy the peaceful, calm way of life here. They had the patience to survive the process of purchasing property in the BVI so they certainly passed the first test! Lets not call them dull, but on the whole they certainly aren’t the nightclub and casino-loving, gambling, risk takers who are likely to be found purchasing property on South Beach or in Nassau, Bahamas. So, being somewhat more conservative, perhaps they haven’t lost their shirts in the downturn, and therefore don’t have to give anything away at a bargain basement price. Just a thought. There is, of course, one far more obvious reason why prices of BVI real estate have held up. There’s not much of it – there is a limited supply - and lots of people would still like to own some, given how beautiful the islands are. Now, as we all know, there are lots of scenic places in the Caribbean, so we wondered if the same thing was happening on other islands. Coldwell Banker has over 3700 offices in over 47 countries around the world, including offices on 16 islands throughout the Caribbean (we’ll include Bermuda since they are really one of us, even if that’s not quite geographically accurate). So we thought we’d call around and find out if other islands are experiencing similar things in their markets. Here is some of the feedback… Brett Mucklow, St Maarten Our local market is very strong and quite resilient. Islands have limited land and no possibilities to expand. We compare our market to some of the exclusive areas in the US such as the Hamptons, where prices hold quite well. Most island populations are growing, so property is in demand. Our island is serviced by direct air flights from 10 or so countries on 3 continents. Outside of PR, we are the largest Caribbean hub. We have a diverse client base. Our economy is only tourism but it is very diversified. Cruise ship business, timeshare, villa rental and the marina/mega yacht industry are all parts of our tourism foundation. This diversity has insulated us and given some stability. In addition, we have the French side – St Martin – that uses the Euro, so with two of the world’s largest currencies, we are protected as one offsets the other. French currently shop on our side as the Euro is strong and visa versa when weak to the dollar. Amy DeWilde, St. Croix St Croix has been prominently featured recently in US national publications like Coastal Living as #2 [in their article] of the top ten spots to snorkel in the Caribbean, and in USA Today’s Destination section. Recognition like this and the discovery of our extremely attractive real estate values are keeping our market active. There is good inventory for buyers. Sellers who recognize the need to be flexible with both price and financing options can successfully find a buyer. Our market is also helped by the lowest interest rates we’ve seen in a long time. St. Croix’s very diverse topography, many attractions that appeal to nature-lovers and history buffs, some of the best diving in the Caribbean, and great dining are but a few of the reasons that buyers from afar decide to make St. Croix either their primary or second-home destination. Susan Thompson, Bermuda As the leading real estate company in Bermuda, we are constantly called upon by consumers, attorneys, bankers, architects, developers, and other businesses for our in-depth industry knowledge. That is why Coldwell Banker Bermuda Realty takes great pride in recording real estate sales details, to ensure we are armed with factual and supportive data that assists companies and individuals to make informed financial decisions. Our database (‘Realty Plus’) extends back 20 years, has in excess of 7,500 entries recording over $5.5 billion in island-wide real estate transactions. We have incorporated over 30 search criteria, thereby permitting queries by name of property, date of sale, acreage, price bracket, property type and much more. We can carry out research assisting our local and international clientele to make very important decisions relating to property acquisition. A year ago in June, we reported that during the first half of 2008, the average price of all real estate transactions was slightly more than $1,000,000 with single family homes approximately $1,400,000. Compare that to figures recorded to date for 2009 (bearing in mind that 2009 records have not been finalised) of $950,000 for all records and $1,460,000 for single family homes. Conversely, the average price for condos was $823,000 in the first half of 2008 verses $733,000 thus far for 2009, signifying an approximate 11% decrease in condo prices, but very little variance in other areas of the market. It is interesting to note that this figure is reminiscent of 2004 when the average price of condominiums was $742,000. On the inventory side of the equation, we currently have 295 active listings. The yearly average number of sales transactions island wide over the past five years is 553, hence the current inventory represents just over 6 months supply. Condominiums still represent 60% of the inventory, which is good news for first time buyers looking for 95- 100% financing. The banks are still lending up to $1,000,000 to qualified purchasers and 36% of the inventory is presently in this price bracket. In conclusion, consumers continue to purchase real estate in Bermuda, but at perhaps a slower pace as there are more choices. Prices have come down in various sectors of the market which is encouraging for those looking to own a piece of the rock. Overpricing your property is not an option if you wish to sell in this market, as buyers are well educated, banks are being conservative with appraisals, and there is lots of competition for most properties. However, ultimately, everything will sell at the correct price. Louise Peterson, Turks & Caicos Due to the large number of condo projects that completed in 2008 and 2009, and the slow down in the North American economy, current inventory levels in the TCI are up around 20%. We've experienced price softening somewhat especially in the condo and in-land housing markets. As the new kid on the block, TCI found over the last 12 - 15 years demand strongly outweighed supply. This meant few prime properties were available for sale and year-over-year prices continued to rise. Record pricing levels were achieved along the Grace Bay hotel and resort area, as well as waterfront homes and estates. The basic fundamentals have not changed though, and TCI offers a fantastic lifestyle investment opportunity- particularly for Canadians, where the market has stabilized in the major cities since late spring and their dollar is strong. Owners in the TCI wishing to sell their properties over the next season have priced it accordingly, and have begun to see activity pick up with multiple and back up offers being presented. Savvy investors are returning to take a second look at TCI. Value is key and this new or returning investor is looking to hold the real estate for the long term. Inventory levels remain high but this means that purchasers have an opportunity to select from properties not previously offered for sale and at levels not seen in the last 3-4 years. ]]> Suzie, a green turtle tagged for satellite tracking, recently swam 900km in 28 days, giving valuable data on the species' migration routes. She was released from Turks and Caicos Islands the end of June, spent two months in those waters, and then swam straight for the British Virgin Islands. The tracking system showed Suzie began migrating on September 1. She swam 820km to BVI and, after a week there, swam 120km to the waters of Anguilla. Suzie was caught and named by fishermen on South Caicos, according to Wesley Clerveaux, director of the country's department of environment and coastal resources. He said: "Our project officers on the island are putting up the maps of Suzie's journey on walls and notice boards each day and doing a great job of keeping the South Caicos locals informed." Suzie has made quite a name for herself. Peter Richardson of the MCS said: "Suzie's journey is a remarkable first. She was the first turtle ever to be fitted with a satellite tag in the Turks and Caicos Islands. Her journey has told us, for the first time, that three of the UK Overseas Territories in the Caribbean, hundreds of kilometres apart, share green turtle populations." Of the UK Overseas Territories in the Caribbean, currently only the government of Anguilla has imposed a ban on all turtle fishing, until 2020, to allow populations to recover. Scientists plan to tag six turtles, aiming to reveal the full range of the endangered green turtle and the critically endangered hawksbill turtle. (resource: News.BBC) ]]> Through a unique combination of geology and geography, the British Virgin Islands boast some of the best sailing grounds in the world with steady trade winds, averaging 10-15 mph from the northeast, with insignificant currents and tidal range. There are almost 60 islands and cays (also pronounced keys) in the Virgin Islands. You are always in sight of land and safe harbour. These islands offer protection from ocean swells and provide hundreds of protected coves and anchorages for swimming, snorkeling, diving, going ashore, or just lounging on the boat. The islands are mostly volcanic in origin and are great for hiking with dramatic landscapes and vistas. Sailing with Terry offers this list of Why the Virgin Islands is among the world’s best sailing areas: • Perfect sailing trade winds and protected anchorages • Natural beauty on the islands and below the water • A vibrant modern culture with a unique Caribbean history • Privacy or partying, you decide • Always in sight of land • Easy to fly to and safe to visit A Caribbean sailing vacation should include the natural world of the British Virgin Islands. In addition to the sailing adventure, the clarity of the water and the shallow depth of many of the reefs provides world class snorkeling and scuba diving. Take advantage of the low travel packages available now and come visit the British Virgin Islands. (resource: Travel.2.Adventure.com) ]]> BVIPlatinum) ]]> Beautiful 3 bedroom/3 bath home with pool and spectacular views within Towers Estate, West End, Tortola. 2500 SF, 0.9 acres. Asking $1,600,000. Visit our Coldwell Banker Listing page for more photos of this spectacular location.]]> SMN Network, Regional Jet Express has announced jet service starting October 18th, when the company will become the only jet operator in the Caribbean. Regional Jet Express’ Fairchild Dornier 328 jets will serve Dominica, Puerto Rico, Santo Domingo in the Dominican Republic, St. Croix and St. Thomas in the U.S. Virgin Islands, and Tortola in the British Virgin Islands. Regional Jet Express will add Cuba and Haiti to this list of island destinations in the future, using non-U.S. registered aircraft for these two countries. The Fairchild Dornier 328 jet is the world’s first 32-seat regional jet, and was adapted from Dornier’s 328 turbo-propeller plane. The fuel-efficient, wide body twin turbofan-powered Fairchild Dornier 328 jet features: * A spacious cabin that offers two seats on one side and one on the other, and ample cabin height (headroom) of 6 feet, two inches • A whisper quiet ride unlike noisy turbo-propeller planes that fly in the Caribbean region • Cutting-edge technology that allows the 328 jet to climb fast (3,690 feet per minute) and land on short runways; its state-of-the-art cockpit has the same instrumentation as a Boeing 777 • A seating capacity of 32 to 34 • An upper altitudinal limit (flight ceiling) of 35,000 feet • A high-winged design that enables excellent views because the wings and engines are positioned above the windows The Wyoming-based Regional Jet Express will have a satellite office in St. Croix, USVI. Contact the Regional Jet Express call centre at 1-767 440-7184 Monday through Thursday from 8:00a.m. to 8:00p.m., and Friday through Sunday from 7:00a.m. to 3:00 p.m for flight/reservations information. ]]> Peter Island in the British Virgin Islands is set to receive two 250 kW wind turbines. Peter Island Wind Project will be the first commercial wind turbine installation in the British Virgin Islands. The turbines will operate off the local government's power grid, and they are expected to provide more than 60% of the island’s peak load energy requirements. The WES30 Mk1 Hybrid from Netherlands-based Wind Energy Solutions will be used, and the installation is scheduled for January 2010. The most critical factor in the actual schedule will be the manufacturing and shipping of the wind turbines. It appears the current factory commitments will allow the equipment to be delivered as originally proposed with less production time required. It is hoped the Planning process will be completed by the end of September. Peter Island already operates off the government grid with its own diesel power plant and desalination facility. It is anticipated the two (2) turbines will provide in excess of 60% of the peak load energy requirements. ]]> BVI Platinum News. ]]> Cape Air plans to launch a seventh destination from its San Juan, Puerto Rico hub when it inaugurates flights to Virgin Gorda in the British Virgin Islands. The carrier aims to start the new service this year or the beginning of 2010 at the latest, pending completion of paving at the Virgin Gorda airport. Cape Air flies to St Louis, MO, Marion, Decatur, and Quincy, IL; White Plains, NY, Nantucket, and Martha's Vineyard; Baltimore, MD to Lancaster PA and Hagerstown, MD. All these routes are operated as EAS, Essential Air Service, on government subsidies.]]> Coldwell Banker Real Estate has had an amazingly successful year-to-date, filled with awards and accolades from the likes of J.D. Power and Associates and the Wall Street Journal. With the Fall season approaching, I thought this would be an excellent opportunity to take stock of what weve been able to accomplish so far this year. While other real estate companies have retreated during the recession, Coldwell Banker has continued to deliver game-changing moves that put the brand out front, attract consumers for the long run and, in turn, change the way business is done both in the U.S. and internationally. Coldwell Banker initially broke new ground this year in March with its use of Microsoft Surface as a new way of engaging homebuyers. Microsoft Surface turns an ordinary tabletop into a vibrant, interactive touch screen that stops consumers in their tracks when they see it. Through the touch of a hand, consumers can expand or contract the search area and locate listings, Coldwell Banker offices, and area amenities. Coldwell Banker affiliates are planning to utilize Microsoft Surface in malls, airports, hotel kiosks, high traffic offices, etc. to augment their local marketing efforts. After our debut of Microsoft Surface, Coldwell Banker really began to stake a claim as the most innovative real estate company in the world today with the launch of On Location, the Coldwell Banker YouTube channel, in early May. Previously an untapped real estate resource, YouTube and its parent company Google eagerly collaborated with Coldwell Banker to debut On Location. Utilizing the ultra-local insight Coldwell Banker affiliated sales professionals offer, consumers can now fully engage in real estate search and discovery, and drill deeper into the home buying and selling process. On Location takes Coldwell Banker agent profiles out of words and static images and into the vibrancy of video. Our sales associates now go to market with a differentiator that allows their personality and professionalism to shine through and instantly connect with consumers. Likewise, properties can gain a greater first impression than a series of photos can ever provide. To date, more than 300,000 have viewed the video content and agents have already posted more than 3,000 videos, to make On Location one of the most robust channels on YouTube. Coldwell Banker On Location complements the brand's flagship Web site (www.coldwellbanker.com) and extends the company's robust social media platform, which includes Facebook pages for the brand and its two founders, Colbert Coldwell and Arthur Banker, a Twitter feed, and profiles on Flickr and FriendFeed. And the excitement of our recent Iphone application announcement underscores even more how Coldwell Banker continues to raise the bar with interactive real estate technology. We are on TV, on the Web, on mobile phones. Our "get listings anytime, anywhere" mantra is working. We flexed our muscles during Coldwell Banker Legislative Week in late spring. Just days after so many Coldwell Banker broker/owners and managers met with U.S. Congressional leaders, I ventured to Capitol Hill and met with key members of the House and Senate, as well as the media, to have a dialogue on the critical issues still facing the real estate industry. The leadership role we have in the industry is because of our agents, the heart and soul of the Coldwell Banker organization. This summer, a respected third party has also recognized how good you are. Coldwell Banker was named the winner of the 2009 JD Power Seller Satisfaction Award in August, validating the fact that we have the best and most dedicated sales force in real estate. And a recent Wall Street Journal survey of its subscribers found Coldwell Banker would be the most considered brand for future transactions. Clearly, our sales efforts are being recognized by consumers. I couldn't be prouder of this outstanding brand. Wherever the consumer has come across Coldwell Banker over the past year, they have seen us redefine how the brand, the industry, and the entire real estate process is viewed. As we finish up 2009 with - hopefully - a renewed real estate vibrancy, I'm confident we will look back on this year as the time when Coldwell Banker took technology by the horns and created a new era in real estate innovation. Visit any of our Coldwell Banker Island Affiliates in the Caribbean to discuss our products, innovation, and commitment to customer service. ]]> Nanny Cay, the largest full-service marina and boatyard in the British Virgin Islands, is expanding its chandlery operation. The 1800 square foot shop is going to be enlarged to 2800 square feet, an increase of just under 60%. The expansion will enable Nanny Cay to stock and display more products including inflatable dinghies and outboard engines. The chandlery, located in the heart of Nanny Cay behind the Genaker Café, is currently stocked with over 5000 marine-related products from a range of manufacturers including Seahawk, Pettit, Mirka, Jabsco, Starbrite, West Systems, Eno, Leatherman, Rule, International Paints, Magma, Redtree, Anchor, Wichard, Shurflo and 3M. It also carries a wide selection of both metric and standard fittings and fasteners. Nanny Cay is going to increase its stock to over 6,000 products and will be adding chain, boat batteries, fishing supplies and equipment, Lewmar winches and spares, and a greater range of safety equipment such as lifejackets and fire extinguishers. Nanny Cay also offers a special order service. Nanny Cay is located between Road Town and West End on Tortola in the British Virgin Islands. Its fully equipped marina and boat repair facility has berths for 180 motor cruisers and yachts and two boat lifts of 50 and 70 tons capacity. Nanny Cay also includes a 40-room hotel and new waterfront townhouses for purchase and rental, two restaurants, a small supermarket, shops and boutiques, a dive shop, a water sports center, free WiFi service, and a gym and spa. (resource: MegaYachtNews) ]]> Affordable Caribbean, scheduled to be aired October 10–11 on the Travel Channel. The film crew from the television programme has been out and about throughout the Territory, capturing and covering where to stay and what to do for tourists visiting the BVI. “On behalf of the British Virgin Islands Tourist Board, we are pleased to welcome the Affordable Caribbean filming crew to our beautiful destination,” said Myron Walwyn, Chairman of the British Virgin Islands Tourist Board. “This project is another opportunity to show the full complement of our amazing range of accommodations, from our small hotels and intimate inns and villas to our luxury resorts, private islands, and yacht charters.” As reported by BVINews, "The television programme itself is just one piece of a larger promotion also involving Caribbean Travel + Life magazine, which will include an online video version of the programme, email marketing to the magazine’s subscribers, print advertising in the magazine, banner advertisements and a sweepstakes promotion on the magazine’s web site. The overall promotion will generate more than one million positive impressions for the BVI just as tourists in the North American market are making their winter travel plans heading into the high season... "The 30-minute programme will feature properties and activities on the islands of Tortola, Virgin Gorda, Anegada, Jost Van Dyke and Cooper Island. Special emphasis was placed on the Territory’s smaller accommodations as more affordable options for vacationing in the Territory. The programme is one of many ongoing efforts by the Tourist Board to promote travel to the BVI in the North American market." ]]> The first International Yacht Club Challenge (IYCC) will be part of the 2010 BVI Spring Regatta and Sailing Festival, from 29 March to 4 April, pitting competitors from yacht clubs throughout the world against each other in Sunsail Beneteau 39s. Sunsail Yacht Charters is providing up to a 10% discount for all those booking for the IYCC, a free charter to the winning team, and a perpetual trophy. Although this is the inaugural year for the IYCC, it will be the 39th for the BVI Spring Regatta. Nannyt Cay Marina and Resort will be the host. Simon Wood, Commodore of the Royal British Virgin Islands Yacht Club, is inviting other yacht clubs from around the world to send teams to compete. An invitation will go out in September to all the yacht clubs in the UK with the help of the BVI Tourist Board. The German BVI Tourist Board is planning to translate the 2010 BVI Spring Regatta brochure to German and then promote the IYCC throughout the yacht clubs there and a similar programme is being planned for the US. Josie Tucci, the Sunsail Brand Manager expects a lot of interest. "The IYCC is a perfect opportunity because it opens up racing to a lot of people who don’t have their own boats in the BVI. Our Beneteau 39, the boat of choice to race, has performed well in past regattas. The event will also promote good camaraderie among the yacht clubs throughout the world as they will be competing in like boats in gorgeous Caribbean conditions." For full details on the BVI Spring Regatta and Sailing Festival, visit BVI Spring Regatta and Sailing Festival. (resource: Cowes.co.uk) ]]> The Chez Nicolette is a new contemporary Danish colonial home in Tortola, on 0.9 acres, with panoramic views over Trunk Bay beach and the island chain all the way to Necker Island. Located on a hillside, with a pool, just minutes from the beach, this 4 bedroom/3 bath home is listed at $1,550,000. The home has been designed and built by Caribbean Architecture Ltd who most many years of experience designing homes in Tortola and in Europe. A glance at this wonderful example of their work shows how they successfully combine traditional danish colonial design with modern clean lines and contemporary finishes. Read more and view additional photos at our Coldwell Banker listing page.]]> RISMedia, Coldwell Banker Real Estate LLC announced the launch of the first-ever international home search application for iPhoneTM and AndroidTM-powered devices. The Coldwell Banker Real Estate mobile application enables users to easily search for property listings and recent home sales in 28 countries in North America, Europe, Central America, Caribbean, Australia and South America. The results of these searches as well as the search itself can be saved in a personalized ‘My Coldwell Banker’ account newly created from the user’s smartphone or added to an existing account with coldwellbanker.com by logging into the site directly from the handheld device. Unique to the Coldwell Banker application, searches that are saved to an app-created ‘My Coldwell Banker’ account will automatically generate notifications of new properties and open houses, alerting the user to updated results right on the device’s homepage. “While the desktop computer remains a proven screen, Coldwell Banker recognizes that today’s technologically-savvy consumers are also using smartphones to access information on-the-go,” said Michael Fischer, senior vice president of marketing for Coldwell Banker Real Estate LLC. “We are committed to improving the consumer experience and will continue to introduce innovative technology such as this mobile application to provide our customers with up-to-date home data the moment they want it and to wherever they may be.” Contact any of our Coldwell Banker affiliate offices in the Caribbean for your real estate needs.]]> Peter Island Resort and Spa in the British Virgin Islands has a new look after a complete refurbishment of all 32 Ocean View rooms and 20 Beachfront Junior Suites. The rooms have been renovated with new soft furnishings and lighting to create a fresh, relaxed environment. The resort is situated on a private island in the heart of the British Virgin Islands and is home to numerous secluded beaches, coves and pools. From the source, "One of the world's preferred destinations, the resort immerses guests in what we call relaxed elegance. So exceptional is the experience, it prompted Conde Nast Traveler to invite couples to name Peter Island "…one of the 'Best Places to Stay in the World' and 'Top 20 Islands' in the world. Peter Island offers a diverse range of activities including scuba diving, hiking, tennis and deep sea fishing. Visit Peter Island's web site for rates and accommodation information. ]]> RISMedia, "Below are some key highlights from the Coldwell Banker Real Estate study: Women may be inclined to make up their mind more quickly than men. -When asked how long it took before they knew their home was “right” for them, almost 70% of women had made up their mind the day they walked into the house, vs. 62% of men. Conversely, significantly more men needed two or more visits: (32% of men vs. 23% of women). Women would rather live closer to their extended family than to their job.-55 percent of women find it more important to be closer to their extended family (those that do not live in their household) than to their job, compared to only 37% of men. A home’s security is a deal-breaker for both men and women. -64 percent of women said that if they found the home of their dreams but had concerns about its security, they would no longer be interested. More than half of men agreed (51%). Couples say that no one “wears the pants in the relationship” in terms of major financial decisions.-When asked who wears the pants in the relationship (when it comes to major financial decisions, such as purchasing a home), almost 70% of respondents living with their significant other said it’s actually mutual. -However, 23% think that they, themselves, wear the pants in the relationship, not their partner. More men than women said this (26% vs. 20%, respectively). Men and women agree on how they would use a spare room, for the most part. When the respondents were asked how they would use an extra 12 x 12 room if it could be anything they wanted, men and women agreed on the top three most popular, and very practical, responses: -Bedroom: 25% -Office/Study: 15% -Family Room / Den: 11% However, men really do want a “Man Cave.”-Interestingly, out of the 8% who indicated they would turn that spare room into an entertainment center, it was a preponderance of men leading the charge. In fact, four times as many men as women said they would use the extra space for recreation / entertainment." According to Patton, “These results further validate how critical it is for couples to recognize each other’s differences and work together, from picking a neighborhood to how to use a spare room,” she said. “Online tools and the expertise of a real estate professional can be particularly helpful for couples, especially if they work together step-by-step along the way.” Contact your local Coldwell Banker agent or office for expert real estate information. ]]> The developers of Nail Bay Resort and Mooney Bay Estates recently signed a Memorandum of Understanding (“MOU”) with Taj Hotel Resorts and Palaces to develop the first Taj Exotica Resort, Spa & Luxury Residences in the Caribbean, Central America and South America in the British Virgin Islands. Under the terms of the development agreement, the Government of the Virgin Islands approved the construction and operation of a new five-star hotel of 100 hotel units, plus additional hotel spa suites, hotel villas, townhouses and residential villas for sale with a luxury spa and related facilities including restaurants, bars, swimming pools, gift shops and boutiques at Nail Bay plus a private jetty and ten moorings. "Coming on the heels of the recognition we received from the Travel + Leisure Annual World’s Best Awards readers’ survey, this project only reinforces our global reputation as one of the leaders in the Caribbean region,” said Ms. Hadassah Ward, Acting Director of the British Virgin Islands Tourist Board. “This announcement represents a significant upgrade to our already award-winning tourism infrastructure.” Established in 1903, Taj Hotels Resorts and Palaces is one of Asia’s largest and finest group of hotels comprising 77 hotels, 7 authentic palaces, 6 private islands, 12 resorts and spas in over 52 destinations, 12 countries, 5 continents plus personal jets and luxury yachts. For more information on Taj Hotels Resorts and Palaces, visit www.tajhotels.com. $42 Million has been spent so far on Nail Bay, a 148-acre former sugar plantation below Gorda Peak, with almost a mile of waterfront, on the NW shore of Virgin Gorda, to develop a luxury villa resort. (resource: HotelsMag) ]]> www.bvitourism.com, features a new design, improved navigation, new photographs of the BVI, an interactive map highlighting how to get to the there and what to see and do on the 60 islands. It also includes links to the BVI Tourist Board’s presences on social networks such as Facebook and Twitter, and much more. The new special offers microsite, www.bvitraveloffers.com, has more than 30 travel deals from hotels, villas, resorts, sail charters and dive companies in the BVI, including discounts, special rates, free nights and gifts. The BVI Tourist Board also has launched an online marketing program to promote the newweb site and special travel offers, featuring promotions with Shermans Travel, Travelscream, Facebook and Google. (resource: TravelAgentCentral)]]> J.D Power and Associates 2009 Home Buyer/Seller study. The study measured customer satisfaction with the largest national real estate companies. The most significant factor was the buyer/seller experience with the practitioner (47%). Other factors included overall experience with the office (28%) and satisfaction with special services offered, like referrals to inspectors and lawyers (25%). Home sellers also rated marketing. Among the related findings: * Home sellers report that, on average, 3.2 open houses were conducted for their property in 2009, compared with 4.5 in 2008. * Approximately 64 percent of home sellers used a Web site listing to market their home in 2009, up from 61 percent in 2008. For both buyers and sellers, the agent was still the most important driver of overall satisfaction. However, the importance of agents declined substantially from 2008, while the importance of additional services increased considerably -- by 12 percentage points among buyers and 8 percentage points among sellers. In addition, actual usage of many of these services decreased from 2008. Coldwell Banker Island Affiliates will meet and exceed your expections of real estate service. Stop by and see what we do so well.]]> CaribbeanNetNews ]]> British Virgin Islands will be a contributing destination sponsor for the 2009 Bank of the West Classic Tennis Tournament. While the top 32 female players compete in the first ladies tournament of the Olympus U.S. Open Series, the British Virgin Islands will be represented as the premier destination in the Caribbean. The tournament starts today in Stanford University, Palo Alto, CA, featuring top players like Maria Sharapova, the Williams sisters, Elena Dementieve, and Jelena Jankovic. The west coast market (specifically including the San Francisco and Bay Areas) will be represented by 35,000 well-cultured, diverse and affluent attendees. The Bank of the West Classic is a locally attended and internationally televised event, which draws an audience of tennis enthusiasts who enjoy travel to exotic destinations. The BVI Tourist Board North America Marketing Office will promote the islands through exposure and interaction with tournament attendees in a hospitality lounge, offering last chances on “Summer of Savings” deals, answering any questions about the islands, and encouraging guests to enter in the sweepstakes drawing to win a trip to the BVI. (resource: TravelDailyNews)]]> BVI Platinum News, "This television advertisement builds on the successful Discover Nature’s Little Secrets theme, showcasing the wide variety of accommodations available to visitors. Against a backdrop of local fungi music, legendary BVI radio talent, Dave Douglas tells visitors, “'From your own room, to your intimate villa, to your own private island in the Caribbean Sea... so much to see, so much to do, enjoy your summer vacation with us and feel the British Virgin Islands!' "With exciting and authentic images of tourists enjoying beaches, sailing, scuba diving, festivals, and dining, the advertisement concludes with a clear and strong call to learn about summer travel offers at both the BVI Tourist Board web site and toll-free telephone number to the Tourist Board’s call centre (800-835-8530). "Ads were shot with authentic images of the Territory, showcasing the talents of BVIslandes and residents." ]]> Paint – Perhaps the most effective of all pre-sale repairs, a simple coat of paint to the exterior, doors, windows, and trim can make your home appear well cared for and in good condition. When painting the exterior of the home, you may also want to consider if new door knobs and other hardware could boost the appearance of your home. If you don’t replace any of the metal on the exterior of your home, polishing brass hardware and cleaning or painting iron fences can also give your home a fresh look. •Lawn – There are a number of landscaping tricks that may improve the curb appeal of your home. First, the lawn should be mowed, raked and edged. Next, try to thoroughly weed all planter boxes, trim larger plants and include some extra flowers near the front of the house. If any large trees hang over your home or obscure the view from the street, you may want to cut away some large branches. You may also want to consider investing some extra money into landscaping by hiring professionals to make your front yard as attractive as possible. •Windows and Gutters – Much like the fresh paint applied to the exterior, taking time to clean the windows can certainly change the appearance of your home. Likewise, try to keep your rain gutters free of leaves and debris as you never know where a potential homebuyer might look. •Driveway – If you have an old, cracked driveway, hiring a professional to reseal the surface can add to your home’s curb appeal. If the driveway rests in direct sight in front of the home, this step can become even more important. If you have off-street parking without a carport or garage, make sure the area is clean and tidy (see Lawn above). •Lighting – As potential homebuyers could drive by your property at any time, you want to make sure your home is inviting at night. By installing outside lighting - even a front porch light – you will dramatically boost your home’s 24/7 curb appeal. If you anticipate potential homebuyers coming onto the property after dark, calm lighting that lines the driveway and path to the front door can put your visitors at ease. •Pressure Clean – This process can be applied to both the exterior of the home and the driveway. Just one treatment can eliminate years of dirt, mold and mildew from your property. If you need to improve the curb appeal of your home before putting it up for sale, the best tool could be your ability to think like a buyer. By repairing or minimizing your property’s flaws and drawing attention to key selling points, you may be surprised by the responses you receive from potential homebuyers. Contact your local Coldwell Banker agent for specific suggestions on how to Improve Curb Appeal to Sell Your Home. ]]> Travel Daily News, “'On behalf of the many talented professionals throughout the British Virgin Islands who strive to provide our visitors with exquisite and unforgettable holiday experiences, we are privileged to be named the best destination in the Caribbean by Travel + Leisure's readers,” said Ms. Hadassah Ward, Acting Director, British Virgin Islands Tourist Board. “This recognition is especially meaningful to us because it comes directly from the readers of a widely esteemed travel publication. Though the BVI is no stranger to this award, we are always pleased to be ranked at the highest echelon of excellence.' "Set against a backdrop of unspoiled natural beauty, the British Virgin Islands allow visitors to explore and discover world-class sailing, diving, shopping, dining, and hospitality. Whether you're throwing out your jib sail and crisscrossing the Sir Francis Drake Channel, descending the depths to explore a century-old shipwreck, hooking into a top-notch marlin or simply soaking in the radiant sun and wide skies, the BVI exudes peaceful, relaxed, luxurious style. From the white sand beaches and welcoming turquoise waters to the friendly, warm-hearted people throughout 60 idyllic islands, the British Virgin Islands delivers one unforgettable experience."]]> Be a Real Estate Investor - 10 Important Secrets When it comes to investing, everybody has certain goals and aspirations. However, we have found that there are certain guidelines every aspiring real estate investor needs to know: 1. Compare Property Values and Rents Financial statistics only go so far; the best measure of a property's market value is often the sale prices of nearby properties. The same holds true for area rents. A low price can often be justified by a reasonable rent; renters who can afford a high rent can afford to buy instead, so reasonably priced rent is a need. 2. Be Careful - Tax Laws May Change Don't base your tax investment on current tax laws. The tax code is constantly changing, and a good investment is a good investment regardless of the tax code. The right property with the right financing is what you should look for as an investor. 3. Specialize In Something You Know Start in a market segment you know. Whether you focus on fixer-uppers, foreclosures, starter homes, low-down payment properties, condominiums, or small apartment buildings, you'll benefit from experience by specializing in one aspect of investment real estate properties. 4. Know The Costs Going In Know the financial statements inside out. What are operating expenses? What are loan payments? Vacancy costs? Taxes? What does the cash flow statement look like? These are key issues that must be addressed before making a solid investment. 5. Know Where Your Tenants Are Coming From If the last rent increase was recent, your tenants may be considering a move. If tenants have a short-term lease, they may be living there simply to attract unsuspecting buyers. It is also important to collect the tenants' security deposits at closing. 6. Assess The Tax Situation Taxes are an integral part of successful real estate investing, and they often make the difference between a positive cash flow and a negative one. Know the tax situation, and see how it can be manipulated to your advantage. It may be a good idea to consult a tax advisor. 7. Investigate Insurance Coverage If seller's coverage is based on lower-than-current replacement value, your insurance cost may increase when you pay a higher purchase price. 8. Confirm Utility Costs Ask the local utilities to verify recent utility expenses, especially if any of these costs are included in your tenant's rent. 9. Consult Your Accountant Taxation is a key element of successful real estate investing, so be sure to find an accountant who is well-versed with the constantly evolving tax code. 10. Inspect Make sure that you always perform a thorough inspection of the property before buying it. Never, ever buy any property without at least examining the site. In some cases, hiring professional inspectors to examine the structural mechanical system may be a sound investment. ]]> FAQs page on the web site. ]]> Hillside lot, 1/3 acre, $85,000. 1/4 acre $75,000. (photo of Cane Garden Bay on Tortola) Tortola: Powdery white-sand beaches, lush green mountains, and a sheltered yacht-filled harbor and the largest island in the chain. Protected anchorages at Brandywine Bay, Cane Garden Bay, Hodge's Creek Marina Cay, Soper's Hole and Trellis Bay are ideal for boaters. Secluded palm-shaded beaches at Apple Bay, Brewer's Bay, Elizabeth Beach, Josiah's Bay Beach, Long Bay Beach and Smuggler's Cove make for excellent swimming and snorkeling. There are also many well-equipped facilities for fishing, snorkeling, scuba diving and horseback riding. Visit our Coldwell Banker listing page for details.]]> Props At its most simple, home staging is about setting the right mood for prospective buyers. By decorating and arranging a home’s interior to present an ideal way of life, buyers are assisted in visualizing themselves in your home. Whether you undertake the process of staging your own home or decide to consult a professional, there are a number of different “props” that may be used around the home. For example, to add a vibrant sense of life to the home, many home staging professionals recommend using different types of potted plants and arrangements of flowers and fruit. Throughout the home, they tend to utilize soft, luxurious fabrics – such as satin, lamb’s wool and silk – to create an atmosphere of comfort. This process can also extend to the exterior of the property, where patio furniture can be added in the backyard and colorful flowers or unique accessories outside the front door. Visual Suggestions Many home staging professionals come from interior design or art-related backgrounds. Hence, when working on staging a home for sale, these professionals utilize a number of visual tricks to capture the attention of potential buyers. For instance, furniture is always arranged very carefully to simulate the ideal living space. In living rooms, home staging professionals often use loveseats and ottomans in lieu of large couches to create the illusion of added space. Likewise, mirrors are often placed throughout a staged home to make the living area seem larger to potential buyers. In areas where you hope to focus a buyer’s attention – like a remodeled kitchen – staging professionals can place unique artwork or accessories to catch the eye. Don’t get Personal One of the most important steps in home staging is the exchange of your personal decorations with more neutral furnishings. Beyond replacing family pictures with more design-friendly items, a successful home staging will attempt to eliminate any idiosyncratic tastes and represent a living space that has broad appeal. Though this process may feel like a slight on your family’s home, you should hardly take offense. This commonly used tactic simply helps potential buyers view the property not as someone else’s home, but as something they can call their own. Most real estate experts claim that home staging is especially important when the home is empty. Without any furniture or amenities, even a home for sale in the most attractive area can make potential buyers feel uncomfortable. If you are trying to sell your home and have already moved out, you may want to consider working with your Coldwell Banker agent to stage the home’s interior. With the assistance of your agent and a home staging professional, you could quickly transform a lifeless house into dream home. Put it All Together In the end, home staging is about making the most of your home’s potential. If the staging of your home is completed effectively, it is also possible that your home may receive better offers from potential buyers and spend less time on the market. By minimizing the flaws of your home and making the living area seem larger, brighter and more appealing, home staging may be one of the most important steps in selling your home quickly and at the right price. ]]> www.scrubisland.com or call 877-890-7444." Read more details at Earth Times.]]> Tourism, Virgin Islands Daily News)]]> Realtor.org) ]]> Kibanda means "small house" in Swahili and the present owners may have bought a small house but they have transformed it into a wonderful home, exuding charm and quintessentially Caribbean character. The first impression walking up the path is a cozy familiarity, and when the front door opens it's hard not to gasp at the beautiful view ahead. The entrance leads down a couple of steps to the main living area which is completely open to the spectacular ocean view. Two bedrooms and bathrooms lie to the left and the sitting room/office to the right. His master's choice of dark woods and subdued colours make it cool, relaxing and very inviting. Walking through this area leads to the kitchen and dining room, with a dark, solid oak, dining table and chairs. The kitchen is completely custom built by local craftsmen and is a joy to behold. Beyond the kitchen is the large deck with outdoor dining and lounge chairs. The pool is beautifully set in the manicured garden and nothing has been overlooked, as testified by the decorated satellite dish that has been painted with a garden mural to better blend in with the surroundings. The deck wraps around the front of the house and steps lead down to two more bedrooms and bathrooms. Also at this level are the pump and filters for the pool which show a very professional installation. Kibanda comes fully furnished, with the exception of a certain pieces that have sentimental value. Listed at $1,800,000. For more details, visit our Coldwell Banker listing page.]]> Wall Street Journal and New York Times. Attending the conference were 22 Brokers and Managers from many of the island countries of the Atlantic and Caribbean. Also in attendance was Jim Gillespie, President & CEO of Coldwell Banker Real Estate Corporation and Beth Makatura, VP & Director of International Services. The meeting was hosted by Coldwell Banker Real Estate St. Maarten & Coldwell Banker Caraibe. Check back often to our British Virgin Islands Coldwell Banker site and watch for the latest in technology to be available for your use.]]> Hillside home on Tortola, with Cistern and A/C. Asking $590,000. Visit our Coldwell Banker listing page for details.]]> Long Bay Beach Resort and Villas is partnering with Dive Tortola to offer a 3-night Dive Tortola package priced from $692/person, based on double occupancy, good through Dec. 20, 2009. The package features tropical accommodations on the hillside or water's edge; special diver's breakfast; one-day car rental; one two-tank dive with gear and instructor; and tax and service charge. *Five and seven night packages are also available with additional dives included in longer stays. From the press release in PRNewsWire, "An underwater wonderland of huge boulders, sponge covered canyons and soft coral gardens awaits divers in Tortola, this pristine corner of the Caribbean. Plus, sheltered waters have virtually no currents, making Tortola perfect for underwater photography and for enjoying scuba diving. Flamingo Tongue Snails, seahorses and slender filefish seek refuge amid colorful soft coral branches as rays, barracuda and sea turtles swim by in the crystal blue waters of Tortola. "Long Bay Beach Resort & Villas, a casually elegant plantation-style resort ideal for diving, sailing and spa indulgences, nestles among verdant hills overlooking its mile-long white sand beach. Its 157 beautiful guest rooms and villas are hidden away on a 52-acre estate, giving guests a feeling of exclusivity and privacy. Long Bay is a member of Elite Island Resorts, the second largest independently owned hospitality group in the Caribbean, known for its eco-friendly, casually elegant resorts, stunning locations, and caring, personal service. For reservations, call (800) 345-0356." ]]> Make a detailed checklist It can be difficult to keep track of all the tasks associated with moving. Try to organize your days leading up to and beyond moving day. If you have a reminder of what needs to be done and where you need to be, you are more likely to have a smooth moving day. Prepare for day 1 Prior to packing all of your boxes, you may want to assemble one box of necessities for the whole family. As most families finish unpacking their trucks late in the evening, there is often little desire to open several boxes to find pillows and toothbrushes. To prevent a stressful first night in your new home, try to place anything your family might need in the first 24 hours in a separate box, mark it clearly and keep it accessible during moving. Also, if you have any valuable or irreplaceable items – such as jewelry and personal keepsakes – you should try to wrap the items well and keep them with you while moving. To help with your checklist, you should try to include all of the following items in your day 1 box: • Personal toiletries • Soap • Toilet paper • Snacks and drinks • Flashlight • Screwdriver • Pliers • Set of plastic plates and cutlery • Paper towels or tissue Pack manageable boxes Unless you have lots of large, lightweight items – such as down comforters and blankets – you shouldn’t need too many oversized boxes. Oversized moving materials often force homeowners into packing boxes that are too heavy and unmanageable. Instead, try to find plenty of midsized boxes and distribute weight evenly. Furthermore, if you are moving yourself, make sure you have all the necessary materials on hand before packing, including bubble wrap or packing peanuts for fragile items. Label every box When packing your boxes, try not to place items for different rooms in the same box. After sealing up each box, simply mark which room the items belong in. When you arrive at your new home, you will be able to take each box to its rightful place and each family member can spend time organizing their own space. De-clutter as you go As you prepare to move out of your home, try to organize your belongings and set aside unwanted items. After unpacking in your new home, you will be happy having more space and fewer items to arrange. Before moving out, you can hold a yard sale or make a charitable donation to get rid of your unwanted belongings. Get the family involved If you have children, help them get excited about moving. With something to look forward to – like the chance to decorate a new bedroom – children often get more involved in the moving process. Also, you may want to ask your friends and family for help on moving day. Even if no one is able to move furniture with you, a family member could watch your pet for the day or take care of errands. Though moving day can be a very overwhelming time for families, proper organization can make help turn that stress into excitement. If you follow your timeline leading up to moving day, you and your family will have no problem approaching the big move with confidence. ]]> Dr. Larry Oswald has been hired by Oil Nut Bay, on Virgin Gorda, as the luxury resort's environmental team leader. During the last 10 years, Dr. Oswald has been with The Chrysler Corp. as CEO of their electric car division. His mission at Oil Nut Bay to to set a new standard in responsible, sustainable, community developments. Dr. Oswald will direct the planning, installation and operational assurance of ONB's integrated community services and energy management systems, making use of the abundance of natural energy, wind and sun. ONB is implementing a variety of eco-progressive initiatives such as using methane generated from organic waste to operate auxiliary energy generators, and capturing wind power to generate electricity for desalinization plants, air conditioning and refrigeration. The resort will also *use solar power for road, pathway, dock, and landscape lighs *heat most of the domestic hot water with solar power *use rain and treated gray waer for the main sources of irrigation water *construct each community building to 100% LEED platinum standards Created with a focus on nature and wellness, Oil Nut Bay is one of the lowest-density resort communities in the Caribbean. On a private peninsula on the eastern tip of Virgin Gorda, accessible only by helicopter or boat, Oil Nut Bay is a 300-acre pristine resort offering 88 freehold villas. Currently in the first phase of sales, Oil Nut Bay offers a variety of real estate options, including estate lots ranging in size from 1-10 acres and priced from $2 million to beach villas starting at $5.8 million and ridge villas starting at $4.8 million. Contact one of our Coldwell Banker BVI agents for details on purchasing a home in Oil Nut Bay. (read more at RealEstateChannel) ]]> Forbes Traveler 400 best luxury hotels and resorts in the world. Between July 16-19, seven visiting chefs, with the assistance of four BVI chefs, will prepare seven formal dinners that will be presented with a minimum of 14 wines served by seven winemakers who will personally offer their wines each night.” Read all about the Winemakers Dinners planned during the next few months at BVIPlatinum.com.]]> CowesOnline, "Regardless of the fact that the BVI has no pump-out stations, the BVI Spring Regatta has creatively embraced the concept and in 2008 made some inroads by recycling glass and plastic. Then, in 2009, the event went well beyond the initial steps taken in 2008 and made a full-fledged commitment to the cause: *Recyclable water bottles were made available to all who were in the Nanny Cay BVI Spring Regatta Village. *Money raised from the 900+ bottles sold was donated to VISAR (Virgin Islands Search and Rescue) and Green VI. *The BVI Tourist Board provided skipper bags, which were made from recycled materials and designed to be reusable to take gear, food or whatever to and from the boats. Inside the skippers’ bags was a list of natural cleaning products and where to find them locally *The cleaning of boat bottoms in the confines of the marina and emptying of holding tanks in BVI waters was strongly discouraged *Event host Nanny Cay Marina and Resort encouraged the use of its luxurious private bathroom/shower facilities located in the hotel, which minimized the amount of water left in holding tanks *Nanny Cay Marina and Resort set up the glass recycling bins. SOL provided sailors with fuel spill prevention kits and Heineken promoted these initiatives with posters around the Regatta Village. Even the regatta awards were “green”, gorgeously sculpted pieces made from natural clay by local pottery shop Bamboushay "These efforts were so remarkable that Sailors and the Sea, an organization committed to protecting the oceans and sponsors of the Clean Regattas Certification Program, awarded the 2009 BVI Spring Regatta the first Silver certificate to ever be awarded to any regatta." BVI Spring Regatta Director Judy Petz looks to next year, "We’re going to continue with all the initiatives started in 2009 and look to furthering our conservation efforts. One of the major ways we see that we can improve is to minimize the amount of printing we do. Our press officer is already planning to distribute her press packs electronically and we’re looking at ways to reduce the paper used at registration...We want to ‘do the right thing’ and know that sailors who join us for the 2010 edition of the BVI Spring Regatta, March 29 – April 4, want to too.” Thanks to all involved for your efforts. ]]> Flattening of Caribbean coral reefs: region-wide declines in architectural complexity. Dr. Isabelle Côté explains, "What we call structurally complex reefs are a bit like Swiss cheese: they are full of holes." She says climate change has completely flattened the Caribbean’s most complex coral reefs over the last 40 years. “These nooks and crannies, both on the surface and inside the reef framework, are used by a great variety of reef fish and invertebrates, for shelter, to hide breeding nests, and for foraging.” The researchers have discovered that increased coral bleaching, as a result of human-induced climate change, has wiped out complex coral reefs. The lead on the project noted, "We thought bleached corals’ dead skeletons continue to shelter reef inhabitants and shield coastlines from storms and hurricanes. Our team has shown that the dead skeletons are collapsing as fast as the reefs are dying... "This disturbing trend, combined with ongoing exploitation of various marine species, will speed up the decline of coral reef-dependent marine life and threaten the existence of nearby marine-life-eating coastal communities. These communities will also be more vulnerable to flooding." The authors have also reported a decline in coral reef fish in the same Caribbean regions, linking the 2 trends: declining complexity and reef fish abundance. Links to learn more about our Caribbean coral reefs and their protection: http://insciences.org/articles.php?tag=Coral%20Reefs http://insciences.org/articles.php?tag=Climate http://insciences.org/articles.php?tag=Marine%20Biology (source: InSciences Organization)]]> Joe Collier, President of Mainsail Development Group and developer of Scrub Island in the British Virgin Islands, environmental issues of the residents have been addressed and they are on track to open in October. Collier told the BVI Platinum News, "We spent a lot of money on this resort doing a clog sewerage system, no run off from this marina, it’s a zero run off marina, all the water gets pumped up to irrigation. So we are doing a good job to ensure that at the end of this project the water is perfectly clean.” This is the first new resport in BVI in more than 15 years, and will be 59 units, including suites, villas, and residences, which will sell for $1,000,000-$5,000,000 each. In the main area of the resort, the Village, there wil be 65 deep water slips, a Welcome Center, retail stores, and a community swimming pool. The marina is open, the resort about 80% completed, and all the units have been sold. Scrub Island will not exceed more than 200 residents or guests at any time, and the primary form of transportation will be golf carts. Mark your calendar for the grand beach fiesta on July 25. ]]> RisMedia. ]]> Bottled Water - one gallon per person for 72 hours Flashlights with extra Batteries - candles can pose a serious fire hazard should there be propane or gas leaks in the area Supply of Nonperishable Food Items - protein bars, canned goods (don't forget a can opener!), dried or prepackaged energy food Medicine - 30 day supply stored in plastic waterproof containers, clearly marked and kept in a zip-lock bag Eyeglasses Proper Footwear and Protective Clothing for post-hurricane Portable Radio and extra Batteries Important Documents - drivers license, passport, notes of allergies, important contact numbers, insurance documents, extra cash, ATM and bank/credit cards Generator - ensure filled with propane/gas and in good working order Insurance Coverage for yourself and family, home, boat and vehicles - ensure it's current and up to date plus note contact information should you need to make a claim or contact your provider in case of injury Know how to shut off electricity, gas and water if so advised by authorities Action or Evacuation Plan - hotel, friend's home or shelter, evacuation plan if residing on an island or coastal areas that are remote or vulnerable to storm surge Let Friends and Family Know how to contact you and where you plan to be, forward land lines to cell phones Text Message rather than voice mail, uses less battery time and communication is faster Cell Phone and charger, car charger, extra batteries Care and Plan for your Pets Safety- food, water, medicine, bowls, plastic bags, collar with your name and contact info, extra leash, pet crate for transporting, name and number of vet and copies of vaccinations, photo, favorite toy or blanket Secure Hurricane Shutters or board your home securely, move all outside items to basement or inside storage, flying debris and items can cause tremendous damage to your home, vehicles and neighbourhood Car, keep gas tank full - especially important if you live in a remote place or on an island where supplies may be limited or cut-off after a storm Know Where to get Information on Storm Conditions - local radio station, tv station, website or through the internet on your cell phone Secure Your Boat - consider turning off the EPIRB (Emergency Position Indicating Radio Beacon) if your boat is docked, secured and unoccupied. When boats with this system start to sink or capsize a signal via a satellite is sent to the nearest emergency satellite call center. These centers need to maintain clear and unjammed communication lines for satellite phones and emergency personnel during a hurricane The National Hurricane Center released the following names for 2009 hurricanes... Ana Bill Claudette Danny Erika Fred Grace Henri Ida Joaquin Kate Larry Mindy Nicholas Odette Peter Rose Sam Teresa Victor Wanda What is a storm surge? For those residents living on the coast or in the islands a storm surge is something we are always concerned about. Storm surge is water that's pushed toward the shore by winds swirling around the storm. Recent hurricanes have produced storm surges in the neighbourhood of 15 feet, combined with winds in excess of 75 miles per hour this can be very dangerous. Water weighs approximately 1700 pounds per cubic yard - extended pounding by frequent waves can demolish structures not specifically designed to withstand these forces. Please be prepared and have a plan, review it on a yearly basis. If you are an absentee homeowner arrange for someone to secure the premises in your absence, neighbour, friend, property management company. For more information on how to prepare for a hurricane please visit the National Hurricane Centers website: www.nhc.noaa.gov ]]> British Virgin Islands promotes beekeeping As announced last week, the BVI has launched a beekeeping program as part of their economic stimulus, and to attract entrepreneurs. Agricultural officer Arona Fahie-Forbes said the bee program will provide better pollination of crops and boost production of local favorites like mangos, tomatoes, and pumpkins. Government officials are showing people how to move bee colonies from trees or underground rocks to beehives where honey can be collected and sold. Bees are disappearing all over North America, and our BVI government is proactively working to help strengthen and protect the bee colonies.]]> Stunning Agape Cottages home in Tortola listed at $1,390,000. Visit our Coldwell Banker listing page for photos.]]> Remodeling Magazine, improving the quality of a kitchen — whether upgrading appliances, changing the layout, counters and cabinetry, or simply painting and swapping out drawer pulls — provides the highest ROI of any remodel project. Also, remodeling or adding a bathroom is a proven way to increase house value. 3) Before you purchase a house with the intention of remodeling and raising the home value, be sure to investigate the zoning restrictions and environmental regulations. Many older homes come with zoning restrictions, including pre-determined setbacks from property lines, limits on roof height, etc. If the home is on a municipal historic register, regulations will likely be even more stringent in order to preserve the house’s historic character. If the home you are buying is in an environmentally sensitive area — adjacent to wetlands or protected open space, for example — or contains a significant natural resource, additional regulations may limit your remodel plans. Such regulations can impede on house size, paving, grading soil, cutting down trees and removing native plants. 4) Your real estate agent can help you determine zoning and environmental regulations and determine if you have the correct permits to begin any home improvement project. In most parts of the world, a legal permit is required before you make structural changes to your home. The building permit and associated inspections and approvals can provide assurance that the remodeling project meets local building codes and safety regulations. If you live in a historic district this process may also provide assurance that exterior changes to your home are in keeping with neighborhood guidelines. 5) Lastly, before buying a home that requires a remodel, be aware that some problems simply can’t be fixed. Whether the desired improvement is prohibited by local regulations, or can’t be undertaken with your budget or timeframe, it’s important to recognize the limitations of your home’s potential. Contact our experienced Coldwell Banker agents to discuss your plans. ]]> Bonnie's blog in the Sudbury Starabout Plugging Into Relationships. When you visit, plan to set aside some time not just to enjoy the ambience, but to consider a real estate investment. Contact a Coldwell Banker agent to discuss opportunities. ]]> The Island Surf and Sail Shack at Nanny Cay is a great escape destination, offering a wider variety of water sport for all ages from beginner to expert. Using the latest equipment and teaching methods, all instructors are RYA trained and passionate about windsurfing. Located in the perfect spot to learn in BVI, the Shack is onshore of the calm waters of the natural lagoon, and surrounded by a protective reef. Here you can learn the basics, or improve your skills with qualified instructors. “With year round trade winds, there couldn’t be a better place to learn,” said Deborah Lewis, who along with her husband, Scott Hustins took over the club in November of 2007. The Shack also teaches surfing at Josiah’s Bay, one of Tortola’s finest surfing beaches located on the north east shore of Tortola. In July, the company will host its 2009 Summer Cool Kids Camps for children age 6 – 12 yrs who want to have a safe, fun and experimential learning experience this summer. During the camp, children will be participating in Project Aware, learning about ocean life and taking part in an international shark awareness competition. As the seas calm, the Shack will also be offering wakeboarding and tubing this summer. For more information on Island Surf and Sail, call Deborah or Scott on 284-494-0123. (resource: StandPointOnline) ]]> Plumbing If you know that you will be selling your home, you should try to repair all plumbing leaks as soon as possible. Besides checking for leaks throughout the home’s plumbing system, a home inspector will also check the water pressure by running multiple faucets and flushing toilets. In some cases, an inspection may also include a check of the septic system. If you have experienced drainage problems in your home, you may want to consider contacting a professional to check the septic system prior to the home inspection. Cooling Systems As there are many types of cooling systems, there is no standard test for home inspectors. However, regardless of what type of cooling system your home utilizes, even if just ceiling fans, you should try to ensure that everything is working properly prior to the home inspection. You may also want to consider having your cooling units serviced prior to selling your home. Electrical System A typical home inspection will check the electrical panel and circuit breakers that power your property for problems and test outlets throughout the home. The inspector will also check for ground fault interrupt outlets (GFIs) in the kitchen and bathrooms. Designed to automatically shut off power during a short circuit, these special outlets are an important safety feature for every home. If you live in an older home, you may want to have GFIs installed and have your electrical system checked before an inspection. Roof A home inspection will check for weak or missing shingles and make an assessment regarding the quality of the roof. If any poor shingles are spotted, an inspector might check underneath to see if the building materials are damaged or rotten. To prevent a poor report, you should consider replacing bad shingles and having an expert check the overall quality of the roof. Gutters Prior to the inspection, try to make sure your gutters are clean and rainwater is able to flow without spilling over the sides. Also, downspouts should be pointed away from the house, as poor drainage is often the cause of mold and mildew problems. Mold and Mildew If you have seen mold or mildew anywhere in your home, you should consider contacting a cleanup professional prior to the inspection. Regardless of where mold and mildew are found in the home, it is important to both kill the fungus and fix the cause of the problem. As homebuyers are becoming increasingly aware of the effects mold and mildew can have on a home, you might experience difficulty selling your home if you don’t take care of the issue. After the initial inspection, try not to be discouraged if the inspector finds a few flaws; very few homes are perfect and inspectors are trained to take note of every possible concern. Home inspections are designed to assess the working order of the home’s infrastructure and assure the buyer that home’s condition matches the details of the contract. In short, if you take care of the most important repair concerns before you try to sell, you will grant yourself a better chance of passing your home inspection. ]]> About.com Guide to Caribbean Travel, rates a BVI resort "one of the leading tennis resorts in the region. Little Dix Bay in the British Virgin Islands, which for 30 years has partnered with the Peter Burwash International tennis academy. "The luxury resort's new Serve and Volley package, at $4,400 for two guests for five nights at the Rosewood property, isn't exactly cheap. But it represents a good value by including full breakfast and dinner daily, two hours of organized tournament play and two one-hour lesson per player, unlimited use of ball machines and courts, complimentary racquets and balls, and an hour of specialized fitness training." The package is good through Dec. 17. For more details, see the Little Dix Bay website or call 888-ROSEWOOD. ]]> Global Property Guide just published a British Virgin Islands Real Estate Profile, summarized as follows: "The real estate market in the British Virgin Islands (BVI) caters to the super-rich, which has allowed it to hold up well during the global slowdown. BVI is busier than ever, and with more airlines looking to add BVI as a destination, business should continue to be good. "The property market in the British Virgin Islands (BVI) is still seen as an investment hotspot by the super-rich, despite the global crisis. "In 2009, property prices were stable. Foreign demand for luxury houses has stayed strong, and banks are still willing to lend to qualified homebuyers. "The BVI real estate market has grown steadily in recent years. Prices of villas and land have risen by around 8% to 10% per year over the last decade, according to Coldwell Banker BVI." This is a very insightful, detailed, and thorough article in investing in the British Virgin Islands, well worth a read if you are thinking at all of real estate in the BVI. Visit NuWire Investor, May 8, 2009.]]> NuWireInvestor, summarizes the basics of investing in the 193 countries of the world into 6 topics. We only introduce them here, and suggest you read the entire article, if you are considering a real estate investment in the Caribbean. 1. International real estate