New airport to boost St Vincent’s property market
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News on Caribbean
4 July 2008
Construction work on an international airport on the Caribbean island of St Vincent is now underway and will be completed and fully operational by 2011.
The new airport will cost in the region of £90m to construct and is just part of the government-funded investment in the Caribbean island's infrastructure, which is set to benefit St Vincent’s property investment market, which is fast emerging.
Dave Ames of Harlequin Property said: “Confirmation of the new international airport on St Vincent is the final piece in the jigsaw, in what has been a whirlwind rise to international awareness. Once an isolated chain of islands, St Vincent and the Grenadines are now one of the most talked about emerging markets."
Until now, St Vincent’s property market has often been overlooked in favour of neighbouring islands such as Barbados and Antigua. However, demand for property for sale in St Vincent & the Grenadines is now growing, on the back of growing tourism levels.
Editor’s comment:
Located just half an hour from Barbados, there is a lot of prime land that is ripe for development. With mass infrastructure improvements already being made and tourism levels rising, the island is experiencing a significant change in fortune. St Vincent could emerge as a lead contender for the next Caribbean property hotspot.
