I don’t mean to be a naysayer here but.......
Anyone thinking of buying on either side of the island should really think long and hard before taking the plunge. The island doesn’t work under the same laws and rules and norms that many are used to and often, things come up that may seem simple until you get right down to the reality of dealing with them and then you can be blown away with the way things are handled. Logistics. Management. Expectations. Security. All these things can be problematic when dealing with them from thousands of miles away. Many can easily cope with situations running amok and if you’re of that ilk then absentee ownership might come easily but if you’re not - OMGoodness.
There was a time when we contemplated buying something on the island but we finally passed on the opportunity. And then again, there have been times we’ve wanted to kick ourselves for having passed.
A very wise friend suggested at the time we should think long and hard about investing off shore and if we decided to do so we shouldn’t invest anything more than we could comfortably afford to lose without causing a financial or emotional hardship. This after he lost a lot of money at the hands of an unscrupulous island developer who took his money along with that of many others and fled the island to take up his practice on another near island.
If you take the plunge I hope you enjoy every moment and never experience any regrets. There’s still that small part of me that wished we’d done it way back when. And then I chat with some friends who did and realize I would never have dealt well with the pitfalls.
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