Caribbean Real Estate Is Hot (And Getting Hotter)

caribbean real estate hot

By the Caribbean Journal staff

The Caribbean real estate market is hot as ever.

That was the takeaway at this week’s first-ever Caribbean Real Estate and Investment Summit, held in the heart of downtown Boca Raton, Fla. this week.

The summit, helmed by powerhouse real estate brokerage The Agencyreal estate brokerage The Agency, brought together brokers, developers, investors, attorney and other stakeholders in the booming regional industry.

It’s the latest Caribbean push by The Agency, which started operations in Los Angeles and now has a strong broker base in South Florida and increasingly in the Caribbean.

“Our first annual Caribbean Real Estate and Investment Summit was a huge success and a testament to the continued interest and strength of this regional market,” said Gina De Varona, managing director at The Agency. “We’re thrilled to have served as the host site for this collaborative and educational event, with so many of our colleagues from far and wide joining us, including representatives from the Dominican Republic, The Bahamas, the Turks and Caicos, Saint Lucia, the Cayman Islands and more. We look forward to continuing to bridge the gap in the market as we further The Agency’s footprint in South Florida and the Caribbean.”

The summit covered everything from a marketwide look at regional trends to examining how to actually purchase real estate in various Caribbean destinations from the Dominican Republic to the Cayman Islands.

It only underscored what continues to be a booming market at the regional level, from citizenship-by-investment fueled development in destinations like Antigua, St Kitts, Dominica and Saint Lucia to surging growth in markets like the Cayman Islands and the Turks and Caicos Islands.

“It was great to meet with so many individuals in the industry from across the Caribbean,” said Ian Hurdle, broker/owner of The Agency in Turks and Caicos. “I think the number of attendees from so many different countries shows that the real estate market is in an incredibly healthy position across the region.”

— CJ

 

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