Residents and homeowners in St Lucia are waiting to see what difference a new government can bring to the Caribbean island following the election there last month.

New prime minister Kenny Anthony, of the St Lucia Labor Party, has served as the island nation’s PM previously. After his most recent win he commented the road ahead would be “difficult and challenging” but pledged to strengthen the tourism-dependent island’s economy, reduce crime and improve prospects for young people.

St Lucia has a population of around 170,000, boosted seasonally by visiting second homeowners. One way the new government could attract more foreign investors is by introducing an economic citizenship programme, which would give property investors full residency status if they invest around $350K or more. Some developments, including The Landings and Sugar Beach, already offer perks, such as 10-year exemptions from income tax.

For details of properties for sale in St Lucia, or any other Caribbean island, visit the listings on Rightmove Overseas.

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