There has been a large reported surge of interest in properties in the Caribbean by British retirees. Many are unhappy with what their pension will leave them with each year and are looking to leave the UK and live out their retirement in a country which has lower living costs.

The Caribbean also attracts foreign investors as it is a safe haven for their cash and they will not pay as much tax on day to day living. Those looking to get away do not need to be millionaires either, another advantage, as those on the average wage should be able to purchase a property in the Caribbean quite comfortably.

Developers of new 5* resorts on islands like St.Vincent are reporting fantastic figures which show a total occupancy of between 80-90%. Many have almost 50% occupancy booked for next year, showing that people are very keen to live there. This time last year there had been no advance bookings!

Director of International Property Success said, “In the current climate the Caribbean offers far more than sun, sea and sand to those seeking to get away from it all – and that includes the gloom in Europe at the moment.”

If you’re planning a move to the Caribbean and need to transfer a large sum of money, remember to use a currency specialist to exchange your pounds into dollars. For more information, contact Smart Currency Exchange.

To understand the full step-by-step process to buying a property in Caribbean, collect The Overseas Guides Company’s ‘Caribbean Property Buying Guide’