CARIBBEAN
Left: Pinewood House, on the Cap Estate, three-bed, two-bath home, $750k (£474k) from St Lucia
Homes Real Estate. Right: Sugar Beach Below: Cap Maison properties from £708k
land [to have your home built on] rather than a home you save on stamp duty,” says Taylor (stlucia-
homes.com). Bespoke properties cost $2.5 million (£1,568,000). Whilst Rodney Bay is one of the two
major hotspots for foreign investors, the other is around Soufrière, the less developed area near the Pitons. Off-plan villas at Sugar Beach start from $2.5 million (£1,568,000), but there are also resort suites for those for whom returns are a bigger priority than lifestyle (
sugarbeachvillas.com). The next-door resort is Freedom
Bay, a new “eco-luxury” project, with off-plan properties from £660,000, or fractional ownership (see page 83). “There are some private villas for sale in Soufrière, but, because there are limited properties, prices are holding up well,” says Taylor. “But some people want to sell more
urgently than others, and we have one house for sale near the top of Jade Mountain [a high-end resort] which has just been reduced from $1.8 million (£1,128,000) to $1.25 million (£783,300). “Those with a budget under $500,000 (£313,400) have been looking at homes around Laborie and Choiseul on the south-west coast. Or in Monchy, 10 mins from Rodney Bay, you can get a stone-built home
74
aplaceinthesun.com
“In St Lucia, I’m looking for a retirement property for a British lady with a budget of £100,000, and whilst she won’t get something in a tourist area, I know I will fi nd her a two/three-bed resale in a secure area”
surrounded by mango trees for $250,000 (£156,700). “For $300,000 to £500,000 (£188,000 to £313,400), you can get a bigger home in the countryside, but I’m currently looking for a retirement property for a British lady with a budget of £100,000, and whilst she won’t get something in a tourist area, I know I will fi nd her a two/three bed resale in a secure area.” She adds that if you are after an
apartment, you’re looking at $300,000 to $500,000 (£188,000 to £313,400), or $700,000 to $800,000 (£438,700 to £501,400) for something high-end. “There are more gated developments
to be found in the north, and people tend to feel safer buying one of these if they are going to be back in the UK for months at a time,” she says.
Paradise for sale In Jamaica? Many of us may dream about owning a
beach, but if you’re a budding hotelier
or developer with some capital, then a rare opportunity has arisen. Between the tourist hotspots of
Negril Beach and Montego Bay in Jamaica, a 200-acre piece of land, fronted by two miles of sandy beaches in its own protected bay, could be yours for CAN$8 million (£5,028,000). With its own private marina and helipad, this Cotton Tree Bay plot would be perfect for a villa development, hotel resort, or for a private ocean-front estate. “It is ideally situated, 40 minutes’
drive to Montego Bay [and its international airport] and right next to the big tourist area of Negril – a seven-mile sugar-sand beach with scuba diving, sailing, fi shing, golf and excellent restaurants,” says Christina Candy of Toronto-based Harvey Kalles Real Estate, who are offering it for sale (
harveykalles.com). “You could also build a golf course, spa or riding stables on the land,
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