Overseas - Caribbean cool

Buy into an unexplored gem

As we start to feel winter’s bite in a big way, those in the market for overseas property may want to dream about the perfect holiday destination. Overseas Dreams, part of the Barrasford and Bird Group, now brings to the market an outstanding investment opportunity in the form of Buccament Bay in St Vincents and the Grenadines. This off-plan Caribbean investment looks set to become one of the most sought-after opportunities of 2006 – after all, the location is currently in the build-up to hosting the Cricket World Cup in 2007.

St Vincents is the largest of the Grenadine Islands, set at the head of the Windward Island chain. Often overlooked by tourists used to more established islands, St Vincents is referred to by the tourist board as ‘the gem of the Caribbean’. This gem now looks set to reap the rewards; besides the Cricket World Cup, there is a new international airport due in 2010, as well as a government-backed building programme incorporating Buccament Bay. The strong belief is that St Vincents and The Grenadines will soon be challenging other tropical locations such as Barbados and St Lucia as the premier destination in this area.

It is also worth mentioning that at present, property prices in St Vincent are roughly one-fifth of those in neighbouring St Lucia and Barbados, which means that this could be the most attractive investment opportunity of 2006.
Buccament Bay is an exclusive development encompassing 30 acres which will offer a hotel along with separate bungalow accommodation, clubhouse and many other amenities. It will benefit from a complex manager who managed the exclusive Sandy Lane in Barbados (known as the most expensive address in the world), which speaks volumes about the aims of this premier resort.
Robin Barrasford, managing director of Overseas Dreams, says, ‘Buccament Bay is a first-class investment opportunity in picture postcard surroundings. The fact that the St Vincent government has created this initiative to increase holiday accommodation in line with the new international airport means that we are just at the beginning of something very special. Just 30 miles south east of St Vincents, Raffles has gone into partnership with Donald Trump to created an extremely upmarket resort called Trump Villas, which is host to prestigious multi-million-pound homes, all of which helps to enhance this part of the Caribbean.’

Prices at Buccament bay start at £65,000 for a one-bedroom ground-floor apartment. In addition to this attractive price, due to the overwhelming interest of this new resort there is a guaranteed rental income of eight per cent – which means those looking to invest can benefit from the rental market while watching their capital appreciate in this up-and-coming region.

Overseas Dreams is currently marketing properties in the Caribbean, Cape Verde and Dubai, and this list will increase in the new year to cover other worldwide locations offering fantastic investment opportunities.
For more information visit overseasdreams.net or call 0845 260 0900.