Finding Value In Grenada Property

Posted on March 7, 2009
Filed Under Caribbean

Real estate in Grenada currently offers excellent value for money compared to many other Caribbean islands. It has great infrastructure and strong government targets outlining a clear path to generate an upmarket tourism destination with top quality resorts for residential and tourist guests.

To ensure Grenada remains a high quality destination, the government have learnt by previous experience lessons learnt by other islands and employ careful planning restrictions to ensure the properties are low rise, low density but not over-supplied.

Capital appreciation is currently said to be at least ten percent a year, due mainly to the limited supply of high quality accommodation ensuring high levels of demand for both holiday home buyers and property investors.

Bacolet Bay Beach & Spa Resort
Bacolet Bay is a quality new resort development being built in a tropical oasis surrounded by fantastic views of the sea, sand and rainforest. It will offer 5 star lifestyle and state-of-the-art facilities in a stunning location, as well as an a very attractive investment opportunity. The luxury low density resort offers a mix of apartments, villas and hotel cottages situated across 41 acres of tropical gardens.

Features:

• World class management
• Private beach
• The restaurants will offer top quality cuisine from local Creole cooking to international 5-star A La Carte menus and wine
• Gym & Spa – providing a haven to all guests during their stay
• Wedding Chapel – nestled in the perfect setting with spectacular views over the ocean creating a perfect location for the most important day of your life
• The beach club area has a couple of superb swimming pools
• Tennis Courts
• Conference Facilities

Location
Not many places around the world that can surpass the setting and views offered by Bacolet Bay. It’s outside the hurricane belt and has fantastic views of the warm seas with prefect white powder sandy beaches on a green lush tropical background and mountains.

The airport offers many regular flights and is only 20 mins away from the resort.

Bacolot Bay is situated on one of the less developed islands in the Caribbean with a shortage of good quality accommodation in the region therefore the development is well positioned to benefit from good capital appreciation and rental income.

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