Real Estate in Puerto Rico – An Investment with a Future

Few places in the Caribbean rival Puerto Rico in beauty and even fewer rival it in investment potential. As a territory of the United States, it has almost been recognized as one of those states several times in the last two decades. Political optimists predict that, within our lifetimes, the United States will add Puerto Rico as its fifty-first state. With statehood, real estate values ​​in this small island country will skyrocket. Savvy investors are busy scanning Puerto Rico real estate listings today with an eye toward what tomorrow might bring.

Of course, there are many more reasons to buy land, a house or a hotel in this tropical paradise. Rich in history, natural beauty and a vibrant yet colorful lifestyle, it is a natural draw for tourists, retirees and those who can afford to spend weeks or months in one of the many rentals ranging from small apartments to beachfront mansions. sea. Many of those who visit, however, don’t bother to leave. With home and property prices still in the “reasonable” range by investment standards, there are plenty of individuals and businesses eager to close the deal on an investment-quality Puerto Rico.

Unlike some of the smaller island countries in the Caribbean, it can offer you a view of the city or the countryside. It has great beaches, towering cliffs and waterfalls, and an economy driven by tourism. Of course, tourism is not the only attraction for people interested in investing in its offers.

The industry is also boosting here, where shipping routes to the US, South America and Central America intersect. This makes this a place where investors interested in industrial, commercial and residential properties can make a financial killing. Puerto Rico’s real estate market is an attraction for almost all types of real estate investors, and perhaps for some of us who are simply enchanted by the beauty of the place and the warm tropical winds.

Whatever the reason, I suggest you spend a couple of weeks in Puerto Rico and familiarize yourself with the different regions. There are many estate agents offering international rentals and you can use the time to sightsee and view specific areas for possible investment purposes.

With its tropical undertones and subtle Americanized social infrastructure, this country is possibly the most underrated investment opportunity in this region of the world. That does not mean, however, that real estate in Puerto Rico is not selling or that prices have bottomed out. While good deals can be had, there is not a glut of properties desperate to be snapped up by investors. Even with the current housing crisis in the US, the Puerto Rican market is holding strong and reselling property here generally gives the investor a good return on their initial investment.

So for warm winds, a range of geographical beauty, and a variety of properties with varied potential, think twice and consider it an investment with a bright future.