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Few places in the Caribbean rival Puerto Rico for beauty and fewer still rival it for investment potential. As a territory of the United States, it has been recognized as one of those states nearly as many times over the past few decades. Political optimists predict that, within our lifetime, the US will add Puerto Rico as its fifty-first state. Real estate prices will skyrocket in this small island nation after getting statehood. Savvy investors are busily scanning Puerto Rico real estate listings today to keep an eye on what tomorrow may bring.
Of course, there are many more reasons to buy land, a home or a hotel in this tropical paradise. Rich with history, natural beauty and a colorful lifestyle, it’s a natural draw for tourists, retirees and those who have the luxury of spending weeks or months in one of the many rentals ranging from small apartments to beach mansions. Can However, many who come don’t bother to leave. With home and property prices still in the “reasonable” range by investment standards, many people and companies are eager to seal the deal on some investment-quality Puerto Rico.
Unlike some of the small island countries in the Caribbean, it can provide you with a city or country view. It has spectacular beaches, towering cliffs and waterfalls, and a thriving tourism-driven economy. Of course, tourism isn’t the only attraction for those looking to invest in it.
Industry is also flourishing here, where shipping lanes to the US, South and Central America all intersect. This makes it a location where investors interested in industrial, commercial and residential properties could stand to make a financial killing. The Puerto Rico real estate market is an attraction for almost every kind of real estate investor, and perhaps for some of us who are simply mesmerized by the place’s beauty and warm, tropical breezes.
Whatever your reason, I suggest you spend a few weeks in Puerto Rico and familiarize yourself with the different regions. There are plenty of realtors who offer international rentals and you can utilize the time for sightseeing as well as target areas for potential investment purposes.
With its tropical feel and subtly Americanized social infrastructure, the country is possibly the most underrated investment opportunity in the world. However, this does not mean that real estate in Puerto Rico is not selling or that it has reached the bottom of valuations. While there are good deals to be had, there is no glut of properties desperate for investors to snatch. Even with the current US housing crisis, the Puerto Rican market is holding its own and resale properties here usually give the investor a good return on their initial investment.
So for the hot winds, think of a range of geographical beauty and different properties with varied potential and consider it an investment with a bright future.
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