Has anyone out there had any experience with buying off plan properties in the Caribbean? I'm thinking of buying an apartment on Bacolet Bay Grenada. I've been in touch with a consultant at 'property frontiers' and have found them refreshingly helpful and unpushy. However, I'm aware that a tidy commission is earned for a sale. Consequently i'm trying very hard not to get carried away with the very enticing rental yields that have been projected. My main concern is being saddled to a property with rental yields that don't cover the mortgage and is difficult to sell on. I'd be very grateful for any advice.
Grenada itself is a strong growth market, there quite a few developments going on there now. This particular one, the entry prices, well you have seen them.
The people involved are pretty professional. Alot of professional partners. Get in touch, thanks
Sorry it is forbidden to give out details on this site, I was banned for a few days, so I could not come back. I would say search the net, and i am sure you can find some feedback.
I spoke to Barbados today, Grenada is a good market there are several developments happening. This I recall is plus 500k, there are serious companies involved, I have seen it in depth, but as the rules on the forum are, we can only discuss things in public.
Thanks again for your reply. I decided to take a trip to Grenada again to see the site for myself.It was a beautiful location on a secluded bay, however after careful consideration and a concern that rental yields may not cover the mortgage initially, I've decided not to go ahead. Thanks again for your help.
