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Saturday, June 30, 2018

By Scott Allen


There has never been a great demand for housing as is the current case in St Martin. Almost every resident of St Martin has the desire for home ownership. To most residents, owning the first home is not enough. There are people who are buying the second and even the third home. It seems that the increasing demand for strategically located St Martin island homes for sale will not stop any time soon. Of late, the demand has gone to a completely new level as a result of the interest that foreigners have on the real estate of the island.

The high demand for homes in St Martin Island did not start yesterday. That has been the case for a number of years. It will also remain the scenario till the end of time. Since time immemorial, people have always had the desire to own houses in different parts of the world. As a matter of fact, home ownership is an emotional thing.

Because of the great demand for houses, they always appreciate in value. Thus, a current homeowner will be in a good position to benefit in the future. The property in question can actually appreciate by more than tenfold. On one hand, the demand is very high. On the other hand, the supply is constrained. That creates room for price increase.

There is one factor that is common in all the hot selling properties in the Caribbean. It is the issue of location. All these properties are in prime locations and that is what makes them to stand out the crowd. Location is the single important aspect that matters when it comes to buying a particular piece of property.

At the end of the day, owning a piece of property makes a lot of financial sense than renting it. That is because the ownership option is associated with a good deal of monetary savings. Renting and especially for the long term is definitely an expensive affair. That is an undeniable fact. Thus, every person should strive for home ownership.

A house is the most precious asset that an individual can have. There is no asset on earth that can compare to real estate. Since the Great Depression, the property market has been appreciating at a higher rate than the stock market. That is due to the fact that property is real. It can be touched and felt.

There is more than one reason why one should purchase real estate instead of buying stocks. First and foremost, there is the issue of tangibility. The most precious assets on earth are tangible while the least precious are intangible. A piece of property is tangible in every sense and respect. However, that is not the case with financial instruments.

One should not wait to buy property. He should instead buy it and wait. That is a quote that was first said by a very famous American president. This saying still has great relevance in modern day time. A good investment portfolio will have a good number of properties. Such a portfolio will be stable and will easily overcome economic and political pressures.




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