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Sky’s No Limit For Caribbean Property
September 1, 2009Article by Ray Withers
British Airways is gearing up to fly holidaymakers out to spend the winter at their Caribbean property sunshine hideaways.From October 25, British Airways is laying on more trips to the Caribbean – with 45 scheduled flights to 13 island destinations every week.
The marketing plan is to take up the slack from dwindling numbers of cash-pressed Americans who are foregoing their winter breaks to stay at home or take a vacation on the mainland in Florida or California.
The flights also give a much need boost to sales of property in the Caribbean as many developments are encouraging buyers with reasonable prices.
Flight times are roughly the same as flying from the UK to Florida.St Lucia is one island gaining in popularity, and this is reflected in BA upping flights from three to five a week.Paolo De Reniz, BA’s area commercial manager, said increasing the number of flights is good news for property owners as more flights meaning easier access for holiday renters over winter.
“The Caribbean is a popular leisure destination for a winter break. From October, we will fly 45 times a week to the Caribbean and be servicing 13 destinations in the region, more than any other UK airline,” he said.
For investors looking for a holiday home in the Caribbean, prices range from a few thousand for a building plot in an eco friendly resort to £1 million plus for a luxury villa.For an idea of what’s for sale, a look at what international property consultancy Property Frontiers is offering:
Belize Reserve, Cayo District, Belize
Investors can buy a 0.5-acre plot from £20,000 with an option to build one to three bed villas costing between £72,000 and £95,950. Belize is not an island, but a small former British colony bordering the Caribbean.
Bacelot Bay, Grenada
A five star luxury resort set in 41 acres of tropical gardens offering studios, apartments, and villas from £278,287.
Renaissance, Trinidad and Tobago
A landmark development of spacious homes with large terraces and spectacular views that are already 75% built and sold, Renaissance is the height of luxury with three and four bedroom apartments and penthouses starting at a cool £1 million.