Relatively under-developed compared to other Caribbean islands,
St Kitts has a property market in the throes of its youth. Sellers
have been waiting for prices to increase and so market development
has been slow. However, the pace of development has been increased
by the arrival of certain big names in the hotel and property
development worlds to create luxury resorts, with a deep water port
also recently created for the cruise tourists in mind. A resort
just outside of Basseterre, the island's capital, has luxury
apartments and villas available from £160,678 ($316,656) to
£384,961 ($758,889), and a rental pool with predicted yields of 8
to 13%.
Basseterre
The capital of St. Kitts, Basseterre occupies a two mile stretch
along the southwest coast of the island. The town is situated in
the Basseterre Valley surrounded by flourishing hills and
mountains. Boasting some of the most spectacular historical ruins
within the Caribbean, Basseterre has been destroyed by some of the
worst natural disasters and undergone hurricanes, riots, floods,
fires and earthquakes in past years.
As one of the host venues for the 2007 Cricket World Cup, the
islands' infrastructure and services are of a high quality. The
town also hosted the Caribbean arts festival in 2000.
Brimstone Hill Fortress National Park
The Brimstone Hill fort has been recognised by the UNESCO world
heritage site by having historical, intellectual and architectural
importance. The fort was occupied by British colonies for several
years but abandoned in the mid 19th century. As decay started to
emerge efforts since have been made to restore it. The fort was
classified a national park in 1987 and has since been a popular
tourist attraction on the island.
Sandy Town
Sandy town is the second largest town on the island of St.
Kitts, located on the North West coast. When the town was developed
in the 1620s it was an important commercial centre with a active
shipping port, but over the years attention turned to
Basseterre and the town became quieter, and following a hurricane
the town's port also closed. Sandy Town has now been developed into
an important industrial centre for manufacturing equipment and has
received improved tourist interest. The entrance to Brimstone Hill
Fortress is also situated in Sandy Town. Further developments such
as the La Vallee golf course are still being constructed.
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