At the first installment of the Caribbean Real Estate and Investment Summit, held on April 5 in the heart of downtown Boca Raton, it was made clear that the Caribbean real estate market is currently at a peak.
The summit was held by the robust Boca Raton based real estate brokerage The Agency. The event brought together stakeholders who focus on the Caribbean region, including brokers, developers, investors and attorneys.
The success of this first event, the organizers said, was a testament to the enormous interest around real estate in the region. Representatives from several Caribbean countries were present, including from the Dominican Republic, The Bahamas, Turks and Caicos, Saint Lucia and Cayman Islands.
Main panel discussion at the conference were “Regional Market Trends” and “Selling the Caribbean”. Topics covered included a marketwide look at regional trends, and the nuts and bolts of purchasing real estate in various Caribbean destinations.
Discussions underscored the Caribbean region as a booming market, fueled by citizenship-by-investment fueled development. Citizenship-by-investment enables the acquisition of citizenship via an exceptional economic contribution to a country. Such programs exist in Caribbean countries such as Antigua, St. Kitts, Dominica and Saint Lucia.
According to Ian Hurdle, the owner of The Agency offices in Turks and Caicos, “It was great to meet with so many individuals in the industry from across the Caribbean. I think the number of attendees from so many different countries shows that the real estate market is in an incredibly healthy position across the region.”