St Vincent is in the Windward Islands group of the Lesser Antilles, St. Vincent and the Grenadines is 34 km South West of St. Lucia and about 160 km West of Barbados. Scattered between St. Vincent and Grenada to the South West are more than 100 small islands called the Grenadines, half of which belong to St. Vincent and the other half to Grenada. The Grenadines belonging to St. Vincent include Union Island, Mayreau, Canouan, Mustique, Bequia, and many other uninhabited cays, rocks, and reefs. The land area of St. Vincent Island is 344 sq km. St Vincent has 88km of coastline and like most of the Caribbean is a paradise to behold.

St Vincent is an ex- British colony Colonized in 1719 with most of the Islands 121000 Vincentians being descendents of African slaves brought to the Island to work the plantations. St Vincent gained full independence from the UK in 1979 but keeps strong ties with the British Monarch. St Vincent was also the location for the filming of the three Pirates of the Caribbean movies.

GDP in 2006 was 4.5% and was expected to rise to 4.9% in 2007 and 5.5% in 2008.Since coming to power the new government led by Dr Ralph Gonsalves has introduced a series of new measures of structural reforms to help private sector growth. The government is hoping to tap into the huge development potential for growth in the Tourism market. St Vincent is a beautiful tropical Island that is completely unspoilt and underdeveloped but will never be over developed making it one to the great property investment opportunities.

International Hot property has Identified and researched property in St Vincent and has targeted the new 5 star resorts currently being developed on the island. St Vincent has huge potential for Tourism Growth already visited by day trippers and Ocean Cruisers it is a stunningly tropical Island and has the potential to be the perfect Caribbean holiday destination. The Government has recognized its potential and is introducing a series of initiatives to increase Tourism to the Island. The island currently only has 1600 hotel rooms which again points the way to why property investment in St Vincent is such a good idea.

WHY INVEST IN ST VINCENT PROPERTY ?

The islands enjoy a pleasant tropical climate all year round, with a yearly average temperature of 26°C. The warmest month is September, with an average temperature of 27°C, the coolest is January, with an average temperature of 25°CThe average yearly rainfall on St. Vincent is 231 cm, but in the mountainous areas the average rainfall is more than 380 cm a year. May or June through December is the rainy season. The climate is perfect for all year round tourism.

GDP in 2006 was 4.5% and was expected to rise to 4.9% in 2007 and 5.5% in 2008. The government is hoping to tap into the huge development potential for growth in the Tourism market. . St Vincent is a beautiful tropical Island that is completely unspoilt and under developed. The St. Vincent economy is heavily dependent on agriculture. Bananas alone account for upwards of 60% of the work force and 50% of merchandise exports. Such reliance on a single crop makes the economy vulnerable to external factors. St. Vincent's banana growers benefited from preferential access to the European market. In view of the European Union's announced phase-out of this preferred access, economic diversification is a priority.

Tourism has grown to become a very important part of the economy. In 1993, tourism supplanted banana exports as the chief source of foreign exchange. The Grenadines have become a favorite of the up-market yachting crowd. The trend toward increasing tourism revenues will likely continue. In 1996, new cruise ship and ferry berths came on-line, sharply increasing the number of passenger arrivals. In 1998, total visitor arrivals stood at 202,109 with United States visitors constituting 2.7%, as most of the nation's tourists are from other countries in the Caribbean and the United Kingdom.

St. Vincent and the Grenadines is a beneficiary of the U.S. Caribbean Basin Initiative. The country belongs to the Caribbean Community (CARICOM), which has signed a framework agreement with the United States to promote trade and investment in the region.

Tourism in St Vincent is currently very low considering the climate and the political stability of the Island and has vast room for growth especially considering the low amount of top quality accommodation available and the fact that the Island doesn’t have an International airport at present. However like most best kept secrets it won’t last for long and the government realize how much Tourism could transform the lives of its people and are now putting measures in place to encourage Tourism.

St Vincent property very much represents everything you could possibly want from an emerging property market and more. Huge demand for property especially for the rental sector, A Government committed to encouraging Tourism and most importantly travelers who want to visit the island. Property prices on St Vincent are a fraction of that of its neighbors. With the expected increase in popularity as a tourist destination with high occupancy of Hotels thus bringing International property investors can only be good for property values in St Vincent. The real icing on the cake is that the government will not be charging capital gains tax for Investors who invest in certain property developments on St Vincent and they plan to make such investment tax incentives available for up to 20 years.

Looking to buy a property in St Vincent ?