Terri is writer who loves to inspire with words. She is also a facilitator of Ecopsychology workshops & wellness retreats and loves being immersed in nature! For more on her work visit www.onelovelivity.com
For anyone living in the UK or Europe, who has been sitting on the sidelines waiting to buy a Caribbean property, now may be the time to jump and make that property purchase in the Caribbean. Movements over the past month have seen the pound and euro fall around 5% in value against the US$Dollar, which is used for pricing most Caribbean properties.
It is difficult to predict whether this slide will continue, as the international money markets weigh the relative strengths of the US economy against the Eurozone. However, with little growth predicted through 2008 and 2009 and the threat of recession looming; there is a very real chance that the recent slide in the value of the pound and euro could continue to erode the value of these currencies possibly back to the levels sustained for many years through the 1990's, where the dollar stabilised at around US$1.55 to the pound.
Caribbean heads of government recently met in a two-day regional Agricultural Investment Forum to discuss the rising cost of food and the crisis it presents the region. James Moss-Solomon, a Jamaican businessman who headed the planning task force for the forum said “there has been no other time in recent Caribbean memory when such a concerted effort has been made to grow more food.” As the region pours more resources into growing more food the future looks bright for agricultural investments in the fertile land of the Caribbean.
In fact the overall global trend in the price for agricultural land has shown a sharp and continuing increase. For example, in 2007, the price for farmland in Iowa, USA was, for the first time, rising faster than property in Manhattan! This shift in the cost of land is occurring from Argentina to Australia and is signaling an increase in rural rather than urban development.
The report also advises that being an eco-investor means good economics as well as good ecology. Most eco-properties which utilize renewable energy end up being more cost effective in the long run than traditional properties. In addition as demand increases for sustainable properties, the price for these investments will be higher for traditional developments.
Continue reading "Going for Green - Being an Eco-Property Investor."
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