Thursday 17 May 2012
Why Invest
- The World Bank has recently placed St Lucia in the top 30 countries in the world to invest.
- St Lucia is an established and increasingly popular holiday destination that is also one of the most accessible - three major airlines from the UK provide a direct service to St. Lucia (9 hours), and a direct service is available from the following US airports - New York (5 hours), Miami (3 hours), Charlotte (4 hours), Philadelphia (5 hours) and Atlanta (4.5 hours).
- St Lucia has a stable economic and political environment with a high probability of price appreciation over the next ten years. St Lucia has many of the same advantages as Barbados but property prices are currently 60% lower.
- The island is still unspoilt and undeveloped, although several new developments have recently been started. The St Lucian Government sees expansion of tourism as a key objective. The total number of visitors increased by 19.4% between 2002 and 2007.
- The real estate sector in St Lucia is booming. St Lucia is still one of the most reasonably priced islands in the Caribbean for property acquisition with prices 60% lower than on Barbados. Property prices have increased by around 40% per annum for the last 2 years, and are projected to continue to rise for the next 5 years.
- The real estate sector in St Lucia grew by 7.6% in 2007. Property prices are still more reasonable that other islands in the Caribbean and are 40% to 50% lower than on Barbados.
- The Marquis Estate has the full support of the St Lucian Government
- The Marquis Estate will create local employment opportunities – over 2000 jobs once the resort is open.
- The location of The Marquis Estate is adjacent to vast protected land where no further building can commence.
