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Tobago A Place To Buy Luxury Property

Tobago is still an unspoilt place of natural beauty eco tourism alongside beach holiday is part of its attraction. Real estate in Tobago is still relatively inexpensive compared to islands such as Barbados for example. The tropical climate, easy access and strong, well-rounded economy combine to make it one of the best investments in the Caribbean.

Trinidad and Tobago is the birthplace of calypso music, as well as the development of the steel pan, which is widely claimed to be the only acoustic musical instrument invented during the 20th century. The diverse cultural and religious background allows for many festivities and ceremonies throughout the year. Other indigenous art forms include soca (a derivative of calypso), Parang (Venezuelan-influenced Christmas music), chutney, and pichakaree (musical forms which blend the music of the Caribbean and India) and the famous Limbo dance.

Overseas buyers searching for luxury property in the Caribbean should take a good look at Tobago. This small island has so many benefits that overseas investors have been buying land in Tobago at an alarming rate. The Trinidad and Tobago Government have now started a licensing system to monitor international buyers so that the small island does not become so expensive that local people could not buy property on their island. So why is Tobago so popular?

The process of buying land and property in Trinidad and Tobago is straightforward and similar to many other Caribbean nations. Foreigners and foreign companies may purchase up to one acre of residential land and/or up to five acres of commercial land without applying for a license. Any purchases over these amounts and you must apply for an Alien Landholder License through the government.

By Diane Tuman

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