New developments are cropping up every week, the islands are becoming increasingly accessible and more American investors are interested in the area than ever before.

In St Vincent and the Grenadines four members of a Mexican delegation and local officials, including the island's Prime Minister Dr Ralph Gonsalves, have taken a tour of the proposed site for a new international airport.  Both countries have come together to invest in the new airport in an attempt to encourage greater tourist interest in the small Caribbean islands.

Speaking after the tour, Prime Minister Gonsalves hailed the airport project as fantastic and said that he was glad that Mexico has agreed to partner with his country in the exercise. The Mexican dignitaries included Ambassador Alejandro Garcia Moreno, who said that the airport project "has great economic potential for the Vincentian economy". It is hoped that the greater levels of accessibility brought about by the construction of the airport will encourage investment and tourism on the islands.

Elsewhere in the Caribbean, property development on St Lucia continues with a new golf resort on the island's east coast. DGC Properties have launched Le Paradis comprising of an 18-hole Greg Norman championship golf course and over a hundred two- and three-bedroom apartments overlooking four kilometres of coastline. A spokesman for DGC Properties said, "The golf course is anticipated to be one of the most challenging - and stunningly beautiful - courses in the world. It is the first of its kind on the island and the par-three signature hole is situated 130 feet above sea level with superb views across the coastline to the green, which is located at the end of a peninsula, surrounded by vertical cliffs and the ocean below".

Prices start at £470,000 and investors will be entitled to eight weeks stay at the resort per year as well as a guaranteed rental return of six per cent over the first two years.

Finally, in Trinidad and Tobago, Liberty Development Company is now pre-selling holiday homes in the Crowne Point area of Tobago. Woodhaven Villas is now in phase two of construction of what it calls "an exclusive gated residential complex". The complex will consist of 12 two-bedroom townhouses designed in a European style. The units are being offered as a quarter-share investment with four owners each owning the property for four months. Each unit will start at around £26,000 and completion is scheduled for June 2007.

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Related articles about property in the Caribbean:
A Caribbean home with a difference
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Article first published on 23 June 2006