Saturday, June 9, 2018

Buying St Kitts Real Estate

By Eric Cole


Land is the golden investment. People usually have an emotional connection to their land. The number one rule of investing is that one should purchase real estate first and the other assets latter. There are residential, commercial, and industrial properties. St Kitts is a prime Caribbean island. Thus it has valuable St Kitts real estate. The real estate investment philosophy is simple: one should not wait to buy property. Instead, he should wait and buy, anticipating price increases. The reality over the last few decades has been that the best properties have always appreciated in value.

Speculation is rife not just in St Kitts but also in other countries. As a matter of fact, speculation is the order of the day in the stock exchange. Stock investors are always speculating the moves of stocks. Of late, the speculation culture has dominated the property market. Some people are motivated by speculation to buy properties in the Caribbean islands.

There are investors who usually purchase properties and hold them for years or even decades. These investors can simply be classified as long term investors. That is because they see properties more than just a tool for making quick reaches. They see them as a store of wealth and use them for wealth growth strategies. Property can actually facilitate retirement planning.

There are certain factors that make property to be one of the best assets to hold for future purposes. The number one factor is its stability. As a matter of fact, it the most stable asset on earth. It is more stable than precious metals such as gold, silver, and palladium. On the other hand, stocks are very volatile assets.

The stability of property has been noted by the leading real estate professionals on planet earth. In professional circles, it is considered as the recession proof asset. Recession cannot shake the value of property. The same applies to inflation. It will remain stable even in the midst of a war. Actually, it is conflict proof and cannot be volatile.

Property can be purchased to serve as a home. That will be residential property. Every family needs to have a home. The home is a place of rest and relaxation. It should be as comfortable as possible. It has been proven time and again by academic scholars that it is better to own a home rather than to rent one.

People need homes. On the other hand, enterprises need business premises. The production activity cannot be carried out in thin air. It will have to be carried out in a specially constructed building on a parcel of land. There is no production factor that is as important as land. It is more important than labor and capital combined.

One should not blindly purchase property. Not all pieces of property are created the same. There are those that are on the higher side of the scale. On the other hand, there are mediocre pieces. A mediocre property will be of little or no use. The best properties in St Kitts are in prime locations. The issue of location needs to be considered seriously.




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