Tourist Season is Coming Back to the Caribbean
By Romac Sotheby's International Realty Company
(Romac Sotheby's International Realty )
The recession has hit certain industries harder than others. But, Caribbean real estate is one of its greatest victims. With people concerned about their life savings and getting their salaries frozen at work, there’s little concern about enjoying a week in the Caribbean for their vacation or buying Caribbean real estate to enjoy their retirement in paradise. But as the recession nears its end, the demand for Caribbean real estate is slowly rising and the supply of Caribbean real estate is now more affordable than ever. Caribbean real estate in hotspots like the Bahamas, Dominican Republic and the Virgin Islands has seen sharp declines in home values. While this has been a plight for current residents, it also creates opportunity for new residents to get great deals on Caribbean real es...