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At Home In Saint Barthélemy / St Barth / St Barts
Saint Barthélemy (also known as St Barth in French and St Barts in English), is a tropical paradise possessing a coastline dotted with over 20 beaches on an island that is just six miles long. This Caribbean Island has served as a get-a-way location for many people of renown for a long time and is famous for its beautiful beaches, gourmet cuisine and designer shopping. St. Barts has only 25 hotels - and most of these have no more than 10 or 15 rooms. Even the largest hotel has a mere 70 rooms. The result of a volcanic explosion, the jewel of the Caribbean boasts of 22 pristine beaches, innumerable luxurious high-end boutiques, traditional Creole houses and well planned, lush tropical gardens perfect for a dream vacation or luxury Caribbean real estate investment.
Saint Barthelemy Real Estate, Economy and Infrastructure
The economy is based almost entirely on high-end tourism and is distinctly different from other Caribbean islands. Saint Barthelemy is a dry, barren island, not suited for agriculture or industry. The population, having faced centuries of poverty in isolation, is now witnessing a boom in its quality of life. The regular visitors are wealthy, mostly of North American origin and favor Saint Barthelemy for its beauty, serenity and calm.
Tourism has eased the local debts and unemployment levels are extremely low as well. The cost of living, however, is extremely high, as most basic products have to be imported. The deficiency of fresh water and soaring construction and Caribbean real estate prices add up to make the cost of living on Saint Barthelemy around 25% higher than places like Guadalupe. The economic and social situation is stable and Saint Barthelemy has high-quality infrastructure.
There are no restrictions on non-resident ownership of property. If you can afford to buy St. Barthelemy real estate, there is no better island to choose. The main problem is that the cost is a barrier to anyone but the most wealthy Caribbean real estate investors. Timeshares often start at $300,000 – single family homes and villas can run well into the millions of dollars.
St. Barts is well known and loved for its exclusivity, beauty and serenity. If you want a luxurious, peaceful Caribbean Island vacation away from the crowds, St. Barts is the place to be!
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