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Sunday 8 July 2018

The Finer Points Of Island Real Estate

By Jason King


Vacations are times wherein people can relax and unwind, to take the yoke of the modern world off of their shoulders and lie back. Now, some people are active vacationers, which means that they will go to a foreign city, do some shopping, go on a tour, and check out some museums. Then others are a little bit lazier, preferring instead to spend free time lounging around. The former are more likely to end up in the cities of the old world, while the latter will likely end up on the beach. Now, the latter will sometimes wish to extend their free time, sometimes indefinitely, to escape the rat race entirely. So they may find the inclination to look into some St Kitts real estate.

Saint Kitts, more properly Saint Christopher Island, is located in the West Indies. As such, it is located right smack dab in the middle of the Caribbean sea. The island, along with its neighboring Nevis, constitutes a single country.

The thing about the island is that it is tropical. Which means that, for the majority of the time, the weather can be warm. The waters around it are clean and clear, because tourism is a huge sector of the economy. The reason people want real estate there is because of the fact it is essentially a tropical paradise all year round, or at least for most of the year.

Now, sometimes, a vacation can turn into something a little more permanent. To get residency or citizenship, the checkbook should be ready and the account linked to the checks should have at least six zeroes and two commas. This is because buying citizenship can run up costs of at least a quarter million, and that is in US dollars.

Now, a person can purchase citizenship, but does not have to actually live in the new country full time. Sometimes, they can also purchase real estate in a certain place but not actually live for the majority of the year. There are things called vacation homes, where people will purchase a house or something similar in an area rife with tourism, and then stay in that residence instead of in a hotel when they go on their trips.

Of course, not everyone on the island is going to relax. Sometimes, they are there to do the opposite of vacationing, which is working. They may look at real estate as an investment. They would be right to do so, as property is generally the most reliable sector to invest in and is generally how money gets transferred from one generation to the next.

Now, buying property can be a little extreme. So a person can opt for a time share, where they own part of a property for a certain time of year. Or they can just to a resort, less privacy, but likely more cost effective since they do not have to pay for their own staff.

Living on an island can have a lot of perks. Like having warm weather. Being cold sucks, but being warm, not hot, but just the right amount of heat, can be great. Then there is the fact that living on an island can be slower paced, which is great for the blood pressure.

Buying properties can be a great investment. Whether it be money or enjoyment, an owner can get a lot out of a purchase. But there are steps that should be taken beforehand.




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