Trinidad and Tobago Property Investment For Sale
"With Barbados now pricing itself out of the reach of many, Tobago is one of the islands to step into the breach."
Trinidad and Tobago is a tiny twin island republic with an ecological and geographical diversity that is truly unmatched in the Caribbean.
Trinidad, the larger and livelier of the islands, is the energetic heart of the republic, a thriving economic hub with a robust industrial sector which is often described as a “Tiger economy”, and is the leading Caribbean producer of oil and gas which accounts for around 40% of GDP and 80% of exports. Trinidad and Tobago is the world’s largest supplier of ammonia and methanol and is the largest supplier of Liquefied Natural Gas to the USA. The country is also a regional financial centre with a well-regulated and stable financial system and has one of the highest growth rates and per capital incomes in Latin America.
However the government is committed to increasing investment and projected growth in agriculture, information and communications technology, shipping and tourism, the later based on the smaller island of Tobago.
Tobago, in contrast to Trinidad, has palm-lined white sand beaches, lush rainforests and some of the richest coral reefs in the Caribbean, home to over 600 species of fish. Being at the most southerly point in the Caribbean, Trinidad and Tobago are also the only islands where yacht insurance against hurricanes is obtainable.
With no capital gains tax Trinidad and Tobago is seen by some as a cheaper alternative to Barbados, although like many of the Caribbean islands, high rental income taxes and high buying costs should be taken into consideration.