St Lucia - Marquis Estate
Details
- Two year 10% RENTAL GUARANTEE followed by 50% net room rate share
- 30 days free use per year (excluding SIPP Investors)
- 70% mortgage from completion
- 100% finance available - the developer pays your monthly interest
- £1000 reservation fee secures a property
- NO CAPITAL GAINS TAX - NO INHERITANCE TAX
The Marquis Estate is situated on the stunning northeast coast of St Lucia just 15 mins from the George Charles Airport and occupies a breathtaking lush, tropical valley that sweeps majestically down to one of the most beautiful beaches in St Lucia, the Marquis Bay.
The Marquis Estate will comprise a distinctive collection of estate villas, townhouses and apartments. It will also include the Island Sanctuary, an exotic, tropical paradise surrounded by fresh water channels and reached only by private bridge.
All properties have a two year guaranteed rental of 10% of the original purchase price, paid from completion. After this time you will received 50% net of the rental ongoing. This is calculated by the management company based on the overall occupancy of the resort and the rental price of your property. You can use your property for 30 days during the year free of charge.
WHY INVEST
- St Lucia is an increasingly popular holiday destination that is also one of the most accessible. In 2007 hotel occupancy was 69.7% meaning that there is excellent rental potential for properties. The total number of visitors increased by 19.4% between 2002 and 2007. In the period January to June 2008 stopover arrivals were up by 9.1%, with visitors predominately from the USA (40%) and Europe (32.3%) and Canada (10.2%). Visitors from Canada were up by 46.9% year on year. In 2007 the total expenditure by visitors was $808.3 million.
- The St. Lucian Government sees expansion of tourism as a key objective and has allocated an extra 148% funding to the tourism industry between 2004 and 2008, with an average increase of 27.7% per year. The allocation for the tourism sector in 2008/9 was $53.6 million. St. Lucia has been granted ‘Approved Travel Destination Status’ (ADS) by the Chinese Government and is currently developing strategic alliances with airlines and travel agents to bring Chinese tourists to the island.
- Several new signature golf courses are being constructed which will make St. Lucia a major golf destination and boost tourism. From 2009 Virgin Atlantic will increase its non-stop flights from the UK to a daily service.
- The real estate sector in St. Lucia is booming, in 2007 it grew by 7.6%. Property prices are still more reasonable than on other islands in the Caribbean and are 40 – 50% lower than on Barbados. They have increased by around 40% per annum for the last 2 years, and are projected to continue to rise for the next 5 years. Land prices on the northern tip have doubled over the last three years and are expected to double again in the next two years.
- As a volcanic island there is limited land suitable to build on so it will never be overdeveloped and will not have an oversupply of stock. The long term effect of this is that property prices will hold their value.
- The World Bank has recently placed St. Lucia in the top 30 countries in the world to invest, making St. Lucia the only Caribbean country to make the top 30, ahead of Barbados and Antigua. The property market is expanding with investors coming from Germany, America and Canada.
