Monday, January 7, 2008
In spite of some downturn in mortgage market in United States, the Caribbean real estate continues to grow. According to the Fortress Caribbean Property Fund chairman, Geoffrey Cave; who said that based on the fund's performance in the year 2007, the net profits rose from 41 percent, which was from $5.2 million to $7.3 million. In the fiscal year 2007, the investment gurus considered about 18 purchase opportunities, including one in St. Lucia, one in Canouan and two in Antigua and others in Barbados. These opportunities included investments in official buildings, retail malls, cruise terminal and resorts.

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