Articles

OWN A PIECE OF THE ROCK February, 2003

The year 2003 is progressing along with all its anxieties. February has so far been a challenging month. However, Investors are hardest hit when it comes to decision making regarding future investments. Activities in the Real Estate sub-sector is very much unchanged. It is pivotal to the Services Sector and we are definitely seeing a movement in the area of Rentals of Commercial and Residential Properties. The latter mostly for Executives.

It is anticipate that as uncertainties continue to loom in the developed countries, Holiday Rentals will also increase in demand. Already Brokers are stepping up to the next level with the effective utilization of technology such as Electronic Media and the Internet. In the meantime, in the print media, it has become a fixture to see center spread advertisements promoting the sale of properties nationwide. Over 100 Real Estate Brokers, Agents and individuals are involved in the Real Estate Sub-sector.

The Real Estate sub-sector is poised for serious developments and signs are very encouraging. Recent press publications and advertisements point to the setting up of a Multi Billion US Dollar Corporation soon to be established across the OECS States with its major thrust in the area of Real Estate Development. This is a welcomed news as there are substantial parcels of land owned by the Government and individuals that can only be developed by direct foreign investment. With such possibilities, investment in property will become even more attractive to all who seek to own a piece of the rock.

As a result of the projected activities in the short term, Real Estate Prices and Values are likely to go up. I recommend strongly that Individuals seeking to invest and establish Residential Properties, including Retirement Homes, Real Estate Developers and Investors in Holiday/Resort, Villas and Condominium Properties should do so NOW!!!!

To facilitate easy access to finding out what properties are available, we have created a LINK – “NATIONWIDE PROPERTY LISTING” which is a comprehensive list of properties listed with us.

PROPERTY OF THE MONTH:
This property is new on our Listing and is worthy of special mention:-
Residential Two-Storey, Concrete Structure, Owner Occupied, Well Maintained. Located on _ Acre of Land in Cap Estate, with some Slope, in the Quarter of Gros Islet in the North of the Island of St. Lucia. Clear View of the Caribbean Sea, the Atlantic Ocean and a substantial Portion of the 18 Hole Golf Course.
The 3 Bedrooms, 2 1/2 Bathrooms, with Verandah serving the Master Bedroom, Spacious Kitchen, Dining, Sitting Areas with Access to the Patio and Swimming Pool, Covered Garage, 30,000 gallons Water Storage Tank. Lots of Space for further Development on the Property. Good access road to the Property.
Price: EC$ 1,345,000.00 / US$ 495,000.00 - NEGOTIABLE
Edward Harris – Broker
www.stluciarealtors.com Go to Nationwide Property Listing - NOW!!