Browsing: Caribbean property investment 2013

Trinidad Carnival 2014 is assessed in its aftermath: economic impact data confirms another landmark festival for the T&T hospitality and property sectors. Caribbean spring transaction season delivers solid results across Barbados, the Cayman Islands, and the Eastern Caribbean. Jamaica’s NHT first-time buyer programmes continue. Dominican Republic construction maintains momentum. CBI programmes record Q1 2014 growth.

Trinidad Carnival 2014 arrives today — March 3-4 sees Port of Spain host the Caribbean’s greatest festival, generating an extraordinary economic impact on the hospitality and property market. This edition covers the lead-up period and publishes as Carnival opens its doors. Jamaica’s reform programme advances, Caribbean spring investment season opens, and CBI programmes generate growing property flows.

2013 closes as a year of recovery and divergence for Caribbean property: the Dominican Republic booms, Trinidad & Tobago posts strong economic performance, Jamaica completes seven demanding months of IMF reform, and the hurricane season delivers its quietest outcome in years. The 2014 Caribbean investment outlook is broadly positive as the region enters the new year.

Caribbean real estate investment is gathering momentum as the winter season opens. Trinidad & Tobago’s energy-driven property boom shows no sign of slowing. Dominican Republic luxury hotel openings are elevating the country’s profile. Jamaica’s IMF reform programme is demonstrating credibility through quarterly compliance, and Barbados’s winter tourism season is generating cautious optimism.

The 2013 Atlantic hurricane season is tracking well below normal, bringing relief to Caribbean property markets. But an emerging sargassum seaweed crisis is threatening coastal property values from the Lesser Antilles to Jamaica. Meanwhile Jamaica’s IMF reform faces mid-programme headwinds and Trinidad & Tobago’s energy economy continues to power property demand.

The inaugural baseline edition of the Caribbean Property & Investment Review surveys the region in summer 2013: Jamaica two months into its IMF Extended Fund Facility, Trinidad & Tobago riding high on energy revenues, the Dominican Republic powering ahead, and Caribbean tourism delivering a strong season.