The "I HOTEL" is arguably THE BEST VALUE project here in St Lucia and successfully combines the investment benefits of a resort community with the individuality and freedom of owning your own FREEHOLD/DEEDED property. One of the many differences between our resorts and that of our competitors is that we allow you as the owner to decide when and how long you wish to use your own home for. If you wish to spend 1 or 52 weeks a year or anything in between that is fine by us. However, when you are not using the property for yourself or family & friends you can choose to enter your home into the hotel managed rental pool which is expected to return approximately 10% per year.
The "I hotel & country club" will be the final phase in the famous Cotton Bay Village Resort http://www.cottonbayvillage.com which is a luxury Beach development situated in the far north of the island adjacent to St Lucia Golf & Country club & of course directly on the beach.
Cotton Bay Resort has already won various awards including best spa resort in the Caribbean & Mexico and is already a member of the small luxury hotels of the world: http://www.slh.com.
Prices here are incredibly good value for off plan investors with a Studio's from $140,000, 1 bedroom apartment starting from $225,000 and a 2 bedroom from $325,000. Prices are expected to rise some 40% during construction as occurred during the development of the original Cotton Bay village itself so clients who buy in early will benefit from excellent capital growth opportunity as well.
So why choose St Lucia?
Well, St Lucia has experienced more than its fair share of publicity over the past 12 months, especially within the Canadian & UK markets, increasing both visitor numbers & buyers of Residential property. Throughout the Credit Crisis St Lucia's real estate market has held firm and now with real positive signs of sustainable recovery it won't be long before double digit price increases are here again. Part of the reason for St Lucia's success is that it attracts High net worth individuals who are less affected by the credit problems and thankfully the number of homes being built in is still very low when compared with other destinations so we do not have an oversupply of homes which causes values to be under mined. The massive $120 million purchase & re development of Rodney bay Marina by IGY has also poured money into the local economy positively effecting local infrastructure & property values.
Listed below are some more of the reasons that have led many people to the conclusion that now is the perfect time to diversify & invest in St Lucia.
• No Income Tax
• Virtually No Property Tax
• Tax haven & Off Shore Banking institutions
• Mortgages up to 70% LTV secured on St Lucia Property Typically 4.5-5.% interest pa.
• Year round Tropical climate & rental Season
• New 5* Hotel resorts attracting more up market tourism & increasing average room rates for hotels and rental property alike.
• Excellent "Air Lift" with numerous International flights to the UK, USA & Canada.
• Growing number of European & Canadian Holiday makers
• 40% cheaper than Barbados - just a 30 minute flight away
• $120 Million re-development of the Rodney Bay Marina by IGY to accommodate the growing number of Mega Yachts & motor cruisers.
This project is available "Off Plan" and so viewing is not essential. Should you decide to purchase without viewing we will be happy to offer a $3,000 voucher that can be used for you to visit St Lucia to view the progress of the resort at anytime over the next 18 months or alternatively as simply a CASH BACK.
However, should you decide that you wish to visit St Lucia, we will be happy to arrange a short business trip for you to spend 3-4 days on the island to look at our resort together with a complete range of other new & re sale properties if you wish. Please contact us for more details on our discounted viewing trips or to arrange an appointment to meet with us whilst you are on holiday.
If you would like to know more about prooperty for sale in St Lucia and in particular at Cotton Bay Village, please feel free to contact me on: UK 0208 133 8244 or St Lucia +1758 7202530 or via email at tim@cottonbayresorts.com.
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