On Board the Property Buzz in St Lucia

While ownership of foreign property has traditionally been seen as something reserved only for the super wealthy, with the recent stabilisation of the global economy there’s been a distinct buzz growing around St Lucia, in The Caribbean, in terms of investment opportunities.

So what is it that international buyers find so appealing about the prospect of investing in property in St Lucia?

The Price of Luxury

While the price of property in St Lucia has risen in the past few years, the global crisis certainly slowed things down – meaning it’s still a buyer’s market. The high-end luxury residential end of the property market is the strongest, and while it’s considered one of the most beautiful of all the islands in The Caribbean, prices are considerably lower (up to 40-60%) than, for example, Barbados.

Tax Incentives

Renowned as a tax haven, the island offers some very attractive tax concessions for foreign investors. The government has also recently announced a scheme where residents can apply for citizenship if they can prove a minimum net worth of US$3 million – opening them up to further benefits.

Accessibility

With regular direct flights from the UK (flight time of around nine hours), the US, Canada and some European destinations, the island is one of the most accessible in The Caribbean.

Standard of Living

A stable economy and government, low crime rates, and an affordable cost of living, make the island an ideal environment for investors – whether to pursue business interests or lifestyle options. Its enduring popularity as a growth tourism destination, along with a modern telecommunications infrastructure and high-quality healthcare system, afford it one of the most desirable standards of living in the Caribbean region.

Lifestyle and Opportunities

With an economy based on tourism and primarily focused around its own extensive natural assets, property investment can be appealing in terms of both lifestyle (for retirees, for example) and related business opportunities, including retail, cultural attractions, events, ecotourism and accommodation. The freedom to repatriate profits is also extremely appealing to foreign investors with commercial interests.

The Property

But the biggest reason for the buzz around investing in property in St Lucia is, of course, the value and quality of what’s available to purchase, and over the past decade a number of high-end luxury residential developments have changed the landscape of the property market.

One such development (completed in 2007) is The Landings, in the north of the island at Rodney Bay – the island’s first and most prestigious private residential yacht harbour. Its unique freehold status, private marina facilities, and the opulence of its 5-star luxury resort lifestyle continues to attract foreign investment, with around 70% of the villas and penthouses in the development owned by Brits.

Other residential developments around the island include Marquis Estate, The Seaside, Cotton Bay, The Tides, and Allamanda.

Blessed with a stunning natural beauty, a highly accessible luxury lifestyle and, of course, an abundance of sunshine, the buzz around investing in property in St Lucia is loud and getting louder…

India in A 2-1 Lead Over England

The stage was set and both the tensions and stakes were high. The score card was leveled with a victory to either team’s name. When the England cricket team scored 325-4 in the first ODI, it was a proud locker room moment for everyone involved. Even though they had just about nine runs over the Indian squad, the victory gave them a starting lead in the five match series.

Another reason why it was important to celebrate their victory in all its glory was because it was England’s first victory in 14 away matches against their staunch rivals. They won the toss, and the decision to bat first definitely turned out to be fortunate enough for the lot. Ian Bell and Alastair Cook took 158 runs in the opening stand, a combined effort with their 85 and 75 runs respectively. The timely wickets helped the team cement their victory against the Indian cricket team. After their win at Rajkot, England geared up for a similar encounter with the Indians in Kochi, but it seemed like God’s own country proved unlucky for the tourists who were at the receiving end of the competitive vengeance of the Indian cricket team. The home team won the match by an astounding 127 run margin, regarded as the second highest margin of victory against the England cricket team.

This leveled the series 1-1. Indian captain, Mahendra Singh Dhoni’s 72 runs from 66 balls, a feat that earned the praise of the ‘best skipper in the world’ from his English counterpart, Cook, was only preceded by Ravindra Jadeja`s top ranking 61 runs from 37 balls. It’s a no brainer why Jadeja was conferred the man of the match that day. The only silver lining for the English was latest record incorporated into Alastair Cook profile – that of the youngest batsman to reach 7,000 Test runs. Proud moment for the captain and the left handed opening batsman. He was appointed Captain of the England test team following Andrew Strauss’s retirement. He had prepped up his team and boosted their confidence since their crushing defeat in Kochi, to face the Indian team at Ranchi, on 19th January, in the third ODI of the England tour series.

But home soil proved fortunate for Indian who won the match by 7 wickets. Virat Kohli who was adjudged the Man of the Match, secured 77 runs. Now both teams brace themselves for the next ODI in the series set to take place at Mohali, on 23rd January.

Messi vs Ronaldo

It is the question in every football fan’s mind. It is one of the most mind boggling queries of all time. As a matter of fact, it is right up there with, “Is the world coming to an end in 2012?” But sadly, it is a question that sorely misses a unanimous answer. The question is “Who is a better football player, Cristiano Ronaldo or Lionel Messi? When the great football team giants like the Barcelona and the Real Madrid collide, the real battle takes place between its respective titans- Messi and Ronaldo.

To come nearer to an accurate answer, one must take a closer look at the lives, accomplishments, statistics and setbacks of both the players. Let us start with the Portuguese forward and the Real Madrid player- Ronaldo. He hails from a small town, south of Portugal and became an accomplished football player by the time he turned a teenager. He has previously played with the other Premier League heavy weights such as Liverpool and the Manchester United. He constantly strived and pushed himself to the limits to live up to his idols such as David Beckham and George Best. He has amassed an astounding number of titles and awards in his time, which include PFA Player of the year, World Soccer Player of the Year and FWA Footballer of the Year.

Messi, in all manner of speaking, is Ronaldo’s Argentinian counterpart. He is Barcelon’s defender and the captain of the Argentina national team. He was the winner of the prestigious Ballon d’Or in 2009. Lional Messi’s profile is cluttered with plaudits the likes of which include, FIFA World Player of the Year, FIFA Ballon d’Or and the UEFA Best Player in Europe Award. He also has an Olympic gold to show for his victory in 2008 Beijing Olympics. In 2005, Messi was the top scorer of the FIFA World Youth Championship.

When compared to Ronaldo, Lionel Messi’s statistics are not even a bit further behind. They stand neck to neck when it comes to skills, goals scored, remuneration and worldwide stardom. In 2009, Cristiano Ronaldo became the world’s most expensive player when he signed with Real Madrid for a fee of Dollar 131 million. That record was beaten by Messi when he recently renewed his contract with Barcelona at Euro 27.5 million. This has caused Ronaldo a great deal of frustration who in turn has retorted with threats that he would leave Real Madrid, unless and until he is compensated handsomely.