Overseas property is still a dominant feature in investment portfolios according to the latest research from the Institute of Financial Planning which indicated that 83.5 percent of IFA clients are sticking to longer term financial strategies in the face of volatile global markets.

The survey, conducted by the IFP on Certified Financial Planner Professionals, has been welcomed by the property development company responsible for The Landings, St Lucia as a sign that property is still a dominant feature in investment portfolios.

“With many off plan property developments failing to complete at the moment, it has become risky to recommend such a purchase to clients. Yet the opportunities for capital appreciation and good rental yields still exist in some parts of the world, like St Lucia,” says Director of Sales, Oliver Gobat.

The Landings has now introduced a 6 percent pa rental guarantee for two years for investors. The longer long term prospects look good too with a year on year increase in tourism to St Lucia, and British Airways starting to fly direct to St Lucia three times per week from the UK, in addition to Virgin.

Compared to other Caribbean islands like Barbados the property market is at an early stage, and has been identified by The World Bank, among others, as a top place to invest.

Property prices are more reasonable than other Caribbean islands and are 50 percent lower than Barbados. The rental market is year round and average capital appreciation is anywhere from 8-20 percent.

The north of the island sees higher rental yield and growth, partly due to the attractive beaches, leisure and nightlife amenities and the recently opened super yacht marina in Rodney Bay.

The Landings is now in its third phase of construction, and still on track to complete on schedule. It has been recognised by the prestigious Bentley International Property Awards who named it ‘Best Caribbean Development’ and ‘Best Marina Development Worldwide’.

St Lucia is a tranquil island of tropical rainforests, attractive beaches and eco-friendly living offering investors an opportunity to move money to a tax friendly sovereign state. There is no capital gains tax, no inheritance tax and no repatriation tax.

The St Lucian government is investing heavily in new roads and infrastructure. In addition six new golf courses are being built on the island from names like Jack Nicklaus, Christy O’Connor, Nick Faldo and Greg Norman.

As The Landings is being built on reclaimed land, it offers investors an opportunity to buy a freehold Caribbean beachfront property. The Queens Chain regulation, that states all land within 20 metres from the shoreline is owned by the government and can only be leased, does not apply.

The Landings has been fully operational since its opening in December 2007 which was conducted by the Prime Minister of St Lucia, the Honourable Stephenson King. In March 2008 a 7000 sq. foot spa and fitness gallery opened to owners and guests, and features indigenous signature treatments, hydrotherapy terraces and a spa menu for younger visitors.

Prices range from US$550, 000 to US$2,400,000.

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