Cookies on the this website
We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on this website. However, if you would like to, you can change your cookie settings at any time.
Continue

New to PropertyWire?

Welcome, and thank you for visiting our website.

PropertyWire is the leading publication for property investors and industry professionals interested in the world of international property investment.

Our aim is to give you intelligent commentary and analysis on the world of retail and commercial real estate.
If you've enjoyed what you've read so far why not sign up for our FREE property alert and online magazine PropertyWire Confidential.

Every week the PropertyWire team sends out a hard-hitting newsletter packed with news and analysis of the top stories plus the best investment opportunities on the market. We always look at the bigger picture like the Euro Crisis, and explain how this will affect YOUR investments.


Ask me later
No thanks

Mon
Oct 20th
Lost Password? Register
Home arrow News arrow South America arrow Caribbean islands may be hit by US recession

Caribbean islands may be hit by US recession

Wednesday, 13 February 2008
Caribbean may be hit by US recession
Caribbean may be hit by US recession

The Caribbean Islands will be facing slowdown in tourism if the US recession comes to pass, yet investors still see potential here.

The IMF - International Monetary Fund - said Tuesday that a US recession or slowdown will hurt the economies of the Caribbean Islands, especially those in the Eastern Islands.
A large factor will be tourism which is heavily dependent on US visitors each year. Another key factor is the Eastern Caribbean dollar which is linked to the value of the US dollar, which is also facing a lowering of value.

At the same time, property investment in the Caribbean Islands is a large factor in the area's growth. Two large groups of people are continuously coming here for their investment needs. One is the baby boomer generation from the US which is retiring and moving to the Caribbean, or at least purchasing second properties here.

The second sector is that of younger Brits who see the investment potential in the islands and are making it a target for their portfolio.

Part of the benefit here comes in the form of fractional ownership in properties, which has been a driving force behind both of these sectors of investment. In this type of ownership plan, home owners are allotted a certain number of weeks per year to occupy the property. This differs from a time share because property owners take advantage of appreciation and tax deductions coming from the fact that they own the property.

Whether these investments continue to be important in a struggling economy is uncertain at the present time.

This story relates to: america  caribbean  currency  economy  recession  tourism  [SEE ALL]


BOOKMARK THIS PAGE (What is this?)     Digg!Reddit!Del.icio.us!Google!Live!Facebook!StumbleUpon!Newsvine!Furl!Yahoo!

 
Related News
More Recent News
Earlier News
To see all the latest news articles in our monthly online magazine, Property Wire Confidential, sign up free here






West Tower

West Tower

West Tower

Car park

West Tower

home rental guide

Limousin Guide

Barratt Homes

Limousin Guide

South America: Top Headline

RICS set to play a growing role in growing Brazilian real estate marketsRICS set to play a growing role in growing Brazilian real estate marketsThe Royal Institution of Chartered Surveyors has an important role in the real estate industry in Brazil as growth in the markets continues, it is claimed.

Search for Properties:

Feature story

Student accommodation investment check List

It’s the UK’s strongest asset class, but are all student accommodation properties good investments? This is the comprehensive list of what to watch out for when buying student property.

 

Company news

Real estate franchise Century 21 reports surge of new offices in UK

Property franchise Century 21 UK has announced the opening of a number of new offices around the country.

Finance Update

Nationwide resumes access to Help to Buy for home movers

Nationwide Building Society has announced that it is resuming access for home movers looking to participate in the government’s Help to Buy equity loan scheme from Wednesday, 24 September 2014.

Features

Student accommodation investment check List

It’s the UK’s strongest asset class, but are all student accommodation properties good investments? This is the comprehensive list of what to watch out for when buying student property.

 

Newsletter

Subscribe to our weekly newsletter and stay updated on the property market trends.
Subscribe now >>

Subscribe to our South American property and real estate news feed (RSS)