Expatriate health insurance policyholders might be among those turning to the Caribbean island of St Lucia for overseas property investment.
According to Rightmove, there has been a doubling of internet searches for second homes in the area within the last year, while luxury marina development The Landings reports that buyers are opting to invest in more established destinations at a time of financial uncertainty.
The Landings sales director Ollie Gobat commented: "Buyers are reassured that St Lucia is a stable economy, is easily accessible … and the island has not suffered from an oversupply of property, like other countries, that de-stabilises the market."
He added that the island continues to be popular with expatriate medical insurance customers because of its "exceptional lifestyle", coupled with the fact that it is a safe place to purchase homes.
Figures released by the St Lucia Tourist Board revealed that there was a 43 per cent increase in expatriates from the US coming to the island in the first half of 2010 compared with the same period last year.
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