PropertyProperty Articles
Together, the islands of St Kitts and Nevis offer a lot to the canny investor – not only low taxes and great property prices, but also citizenship, says tax expert Lee Hadnum St Kitts and Nevis is a federation of two tiny volcanic islands in the eastern Caribbean with a population of just 43,000. The islands were discovered by Columbus in 1493 and settled by the British in the 17th century, finally becoming independent in 1983. The climate is tropical but with a steady cool breeze for most of the year. Crime is low and tends to be restricted to purse snatching and other petty offences.
The islands are a popular tourist destination, thanks to an abundance of pristine beaches. However, if you’re looking for a place to settle, you would have to get used to the isolation. There are very few shops and you would probably have to go to nearby St Martin to buy any luxury goods. St Kitts and Nevis levies import duties and the overall cost of living is high. Importing a car, for example, will set you back over 50% in import duties.
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Try a bit of celebrity style by buying into a luxurious island development on Anguilla, the Bahamas, the Cayman Islands or the US Virgin Islands. Words Isobel PalmerYou’re looking to invest in property. You might want a holiday home; maybe a retirement property; perhaps a rental property. But, hang on, you’re looking at the most beautiful islands in the world, where the beautiful people go. So, put aside common sense for the next few pages, and join me in a heavenly Caribbean daydream: luxury properties for the lifestyle buyer.
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Keep up to date with the latest information about buying your new home in the Caribbean
Set sail for the BVI
International sailing body the Yacht Club Costa Smeralda (YCCS) has just opened its first outpost beyond its home port on Sardinia, on Virgin Gorda in the British Virgin Islands. The islands have a long history of yachting, so a private peninsula on the lovely North Sound was the ideal location for the club’s new marina and state-of-the-art clubhouse. The developer, Victor International, is also promoting a new eco-friendly real estate development nearby, Oil Nut Bay, which is ideal for sailing enthusiasts as it’s only accessible by boat or helicopter. Buyers can spend all day sailing between their home and the yacht club if they wish – the ultimate in relaxation. www.oilnutbay.com
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Make like Bruce Willis, Keith Richards and Tommy Hilfiger and rent a villa on the beautiful Turks & Caicos islands
Como villa, parrot Cay
The signature villa on the glamorous Parrot Cay development is a beautiful three-bedroom ocean-front property. It has not one, but two master bedrooms, featuring four-poster king-size beds, patios and ensuite bathrooms with outdoor shower gardens. Designed in Parrot Cay's signature style, the comfortable living room has a generous dining area and leads onto a private sundeck with a heated swimming pool, sun loungers and an outside dining table. Butler service is included, and you can even enjoy supper or just a glass of champagne or two at your table on the white sandy beach.
www.parrotcay.como.bz/stay/como-villa
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What's new at the luxury end of the Caribbean market? We take a look at Barbados, St Lucia and the British Virgin Islands. Words Isobel Palmer
Stability is the watchword for the very wealthy - especially in economic straitened times. At the recent Luxury Property Show in London, the experts were all talking about reliable, well-serviced destinations with stable governments. But although there are hundreds of islands in the West Indies, the same handful fulfil these requirements.
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