REAL ESTATE OPPORTUNITIES IN REAL ESTATE OPPORTUNITIES IN ST KITTS & NEVIS AND DOMINICAST KITTS & NEVIS AND DOMINICA

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IntroductionIntroduction• Why invest in real estate?Why invest in real estate?

• Real estate opportunities in St Kitts & NevisReal estate opportunities in St Kitts & Nevis

• Tips for both rentals and purchasesTips for both rentals and purchases

• Why Dominica?Why Dominica?

• Real estate opportunities in DominicaReal estate opportunities in Dominica

• Sample properties in St Kitts & Nevis and Sample properties in St Kitts & Nevis and DominicaDominica

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Why invest in real estate?Why invest in real estate? • Good security – retirement, illness, deathGood security – retirement, illness, death

• Need little or sometimes no money to start – Need little or sometimes no money to start – can borrowcan borrow

• Higher returnsHigher returns

For example, if you invested $200K in the For example, if you invested $200K in the instruments listed below in 2004, what instruments listed below in 2004, what would be the value of your investments in would be the value of your investments in 2009?2009?

• Treasury billsTreasury bills

• SavingsSavings• Real Estate - Real Estate - Frigate Bay (on the hill), Half MoonFrigate Bay (on the hill), Half Moon

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Higher returnsHigher returns

0

200000

400000

600000

800000

1000000

1200000

2004 2005 2006 2007 2008 2009

SKN Treasury Bills

Savings

Real Estate Frigate BayHillReal Estate Half Moon

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Real Estate Opportunities in St Real Estate Opportunities in St Kitts and NevisKitts and Nevis• Rentals for foreign studentsRentals for foreign students

• Land for future sale or developmentLand for future sale or development

• Commercial building for rental or businessCommercial building for rental or business

• Residential building for private use or for rent to Residential building for private use or for rent to locals or foreign workerslocals or foreign workers

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Tips for RentalsTips for Rentals

• Market your property to specific Market your property to specific target groupstarget groups

• Furnish it to a standard that meets Furnish it to a standard that meets the needs of those groupsthe needs of those groups

• If empty, rent short-term to returning If empty, rent short-term to returning nationals or foreignersnationals or foreigners

• Maintain the property at all timesMaintain the property at all times

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Tips for PurchasesTips for Purchases• Location, location, location:Location, location, location:

– Need to buy in the areas that could best Need to buy in the areas that could best meet the needs of your target groupmeet the needs of your target group

– Consider impact of neighborhood on Consider impact of neighborhood on property valueproperty value

• Buy on the low end of the curve, Buy on the low end of the curve, especially if the intent is to sell laterespecially if the intent is to sell later

• Evaluate your proposed investment – Evaluate your proposed investment – capital growth, rental income yield, capital growth, rental income yield, cash flowcash flow

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Sample of properties available Sample of properties available for sale in St Kitts and Nevisfor sale in St Kitts and Nevis

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Why Dominica?Why Dominica?• As the saying goes, “never put all your eggs in one As the saying goes, “never put all your eggs in one

basket”basket”

• Prices are still very low compared to the rest of the Prices are still very low compared to the rest of the CaribbeanCaribbean

• You can expect to see significant appreciation in value You can expect to see significant appreciation in value within the next 3 to 5 years given recent exposurewithin the next 3 to 5 years given recent exposure

• No alien landholding licence is required for OECS No alien landholding licence is required for OECS nationalsnationals

• Dominica happens to be one of the most beautiful Dominica happens to be one of the most beautiful places on earth and promotes a unique product (eco-places on earth and promotes a unique product (eco-tourism)tourism)

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Real Estate Opportunities in Real Estate Opportunities in DominicaDominica• Rentals to students – good opportunity in PicardRentals to students – good opportunity in Picard

• Residential buildings for rent to locals – not a good Residential buildings for rent to locals – not a good marketmarket

• Vacation rentals – great opportunityVacation rentals – great opportunity

• Commercial buildings for rent – dire needCommercial buildings for rent – dire need

• Land for future development or sale – that is Land for future development or sale – that is where real opportunity existswhere real opportunity exists

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Tips for property purchasesTips for property purchases

• Choose a location close to one of the Choose a location close to one of the many attractions on the island or many attractions on the island or bordering a river or within close bordering a river or within close proximity to a river or with an ocean proximity to a river or with an ocean view view

• Choose a location with access to public Choose a location with access to public utilities and paved roads or within close utilities and paved roads or within close proximity to public utilities and paved proximity to public utilities and paved roadsroads

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Sample of properties available Sample of properties available for sale in Dominicafor sale in Dominica

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RecapRecap

• Real estate investments present Real estate investments present tremendous opportunity for growthtremendous opportunity for growth

• You should take advantage of that You should take advantage of that opportunity in an effort to secure opportunity in an effort to secure your future and that of your familyyour future and that of your family

• Don’t just jump in – evaluate your Don’t just jump in – evaluate your proposed investment – keep proposed investment – keep informedinformed

•Thank you for your attention.Thank you for your attention.