Taking place this week in the Caribbean is National REIA’s annual educational conference and cruise – aka “a vacation with an education!” With that in mind, a recent post on Realtor.com found the best affordable Caribbean beach towns to buy a home – or maybe a rental? The towns they’ve identified have what they call a solid mix of safety, affordability, great beaches, and easy-going real estate rules. Their criteria included price per square meter, crime rates, life expectancy, population growth, and economic factors…just to name a few. Of course they ruled out highly restricted and/or unstable places like Cuba and Haiti.
“The stakes are higher when investing outside the country. You need to really understand the rules. Do you need a visa to get into that country and live? Can you work in that country?” says Anthony Hitt, president and CEO of Engel & Völkers Americas, which includes Caribbean markets. “When people aren’t equipped with the answers, that’s when they get hurt.”