Corporate executives have long used the
Early in this decade, numerous corporate managers decided that simply vacationing in the sunny sands south of the
Why and Where?
A number of factors elevated the Caribbean and Latin America as a second home consideration, including: moderate political risk-especially after September 11, 2001- compared to other places around the world; accessibility via a relatively short plane ride; English being commonly used, even in the Spanish-speaking countries of the Caribbean Rim; beachfront land available and attractively priced as compared to the U.S.; strong communication infrastructures; and the fact that the kind of home a well-paid corporate executive would need or want could be had or built without too many problems.
Some executives became even more knowledgeable about the lands south of the
And one doesn’t have to be the chief executive of a big company to invest in the
“We fell in love with the island,” says Wastart. The couple has long-range development plans for the island and has already purchased a piece of land for a wellness retreat they are considering building.
While the economic climate has changed considerably since some of these purchases, those still positioned to invest in second homes can do very well in today’s market. After a spectacular run-up in prices, most
Location, Location, Location
Up until this year,
One country that seemingly appeared to rise up overnight as a second home market was
Roatan is self-contained and far enough from the rigors of
As noted, the second home markets in the
That could mean better prices ahead.
Steve Bergsman’s third book on real estate, Passport to Exotic Real Estate: Buying