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.