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Cayman Islands - Pay $1 Million and Get Permanent Residency

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caribbean resort vacation, resort real estate,cayman islands real estate

The prime minister of the Cayman Islands has an unprecedented offer for financial industry workers who are really, really rich:  You can have permanent residency in exchange for $1million.
Securing residency would simplify business transactions for those who travel often to the British Caribbean territory and it could eliminate the need to obtain a Caymanian business partner, said Charles Glidden, the premier's press secretary.
"They can come and go as they like," he said.  "They would not have to be on a work permit."
About 80,000 international companies are registered in the Cayman Islands, where the offshore financial services sector represents about half of the territory/s economy.

The Caribbean vacation rental market, as well as the Caribbean Resort real estate market have been impacted by the weak global economy.  This offer by the prime minister should have a positive impact on both these sectors.

 

Florida Real Estate Update

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Florida’s Real Estate market continues to show signs of recovery. The latest housing data released by Florida Realtors for December, has sales activity for the state increasing for the 16th straight month in the year-to-year comparison.

Single family home sales rose 33% last month with a total of 14,630 homes sold statewide compared to 11,013 homes sold in December 2008.  Month to month, home sales increased 4.3% over sales activity in November. Florida’s median sales price for single family homes in December, 2009 was $140,400, and $155,300  in 2008,  a 10% decrease.

The sales of existing condos in December posted an impressive 91% increase compared to December of 2008 according to the Florida Realtors.  Further demonstrating the strength of the condo market, sales increased 22% over the total units sold in November. And like the downward price pressure being felt in the single family market, the median sales price fell 18% from December of 2008. The median sales price for existing condos was  $107,000 in December of 2009 and $130,300 in December 2008.

A partial explanation for the decrease in median sale price is offered by The National Association of Realtors (NAR). They note that short sales and the sale of foreclosed properties continue to adversely affect the median price because of the discounted sale prices as compared to the sales prices of non-distressed homes.

  In summary the Florida Real Estate market for 2010 can expect prices continuing to be pressured, albeit less than 2009, and the volume of sales units to increase as first time buyers, vacation, second home and investors take advantage of the lower prices.

 

 

Bahamas,Caribbean Resort Vacation Happenings

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Bahamas, Caribbean florida vacation resort real estate blue iguanaHow can you find out about the best carnivals, the latest festivals, the new hotel openings, the best ways to get around? Ask Polly Rodger Brown

1. The latest beds for the night

Opening in spring, the Marley Resort and Spa offers a treat for reggae fans. The former governor's mansion on Nassau, in the Bahamas, where Bob Marley spent many summers with his family, has been transformed into a luxury hotel with 16 suites named after some of his most famous tunes. Although the musician was known for having simple tastes, each room at the new hotel will be furnished with top mod cons, including Bose music systems and flat-screen televisions. The hotel's honeymoon suite is appropriately named "One Love", and has a Jacuzzi for two. Another new resort with musical connections is Compass Point, also in Nassau. Just refurbished by Island Outpost, the hotel group run by record producer Chris Blackwell, its colourful beach shacks are sure to attract a rock-star and celebrity clientele. Other openings include the luxurious Discovery at Marigot Bay, a 124-room stylish, boutique resort in St Lucia.

2. The top carnival action

Carnival is the Caribbean's biggest celebration and nowhere is it more noisy, colourful and exuberant than Trinidad. The party begins on the Friday before Ash Wednesday and climaxes on Carnival Monday, or J'ouvert. Revellers caked in mud and body paint take to the streets of Port of Spain at 2am to soca and calypso rhythms. At 10am they are joined by flamboyantly dressed masqueraders, brass bands, steel pan players and tens of thousands of dancers. Celebrations on Guadeloupe on Ash Wednesday are particularly interesting - the streets fill with black-and-white costumed devils who burn an effigy of "Vaval", the symbol of carnival. And Crop-Over is the big celebration in Barbados, taking place in the summer to mark the end of the sugar cane season.

The main carnival season is 16-20 February.

3. The season's spa openings

Chill out in the tropical heat. Spectacular new spas due to open in the Caribbean in 2007 include The Fern Tree Spa, a $4m addition to the Half Moon resort in Jamaica, with a relaxation centre comprising treatment rooms, a meditation labyrinth and a hydrotherapy pool. A "spa elder", said to be knowledgable about traditional Jamaican healing, will be on hand to talk clients through a tailor-made well-being programme. Also in Jamaica, the stylish boutique Rockhouse Hotel in Negril is completing its own on-site spa. Treatments will draw on Jamaica's natural resources, with a menu including ginger and lemongrass or coffee body scrubs and an aloe and cucumber soak. And Curtain Bluff, one of Antigua's most established and elegant hotels, is due to open its new spa set over the water, featuring five treatment rooms, in February.

4. The hottest jazz festivals

St Lucia's international jazz festival is in its 15th year, now the Caribbean's biggest event after the Trinidad carnival. Tens of thousands of music fans come to the festival to see jazz greats and this year is no exception, with Kenny Garrett and Al Green due to appear. This year's Barbados Jazz Festival is hosting Will Downing, Macy Gray and Anita Baker, and The Air Jamaica Jazz and Blues Festival marks its 10th anniversary with Shaggy and Kenny Rogers. There are also festivals on Bonaire and Tobago.

5. The new ways to get around

It should prove easier to get to and around the Caribbean this year with several new airline routes and cruise itineraries. British Airways has announced that it will begin flights into Port of Spain, Trinidad, from next summer. And Virgin Atlantic launched direct flights from Manchester to St Lucia just last month. New inter-island flights will provide welcome links. The islands of Antigua and Montserrat will receive a new connection courtesy of Air Montserrat, and Caribbean Star will link Trinidad to Curaçao. For those with deep pockets, Carib Aviation is offering private charters between Antigua and Dominica and Antigua and Nevis. And a private jet operation, Rainbow International Airlines, is developing a route connecting Antigua and Anguilla. Carnival Cruise Lines will begin its latest itinerary in April, titled "Exotic Eastern Caribbean". The seven-day tour is due to stop off at Half Moon Cay, a Bahamian private island, Puerto Rico, St Thomas and The Turks and Caicos, and costs from £800 per person. EasyCruise also has a new itinerary for those on a tighter budget, which will take in the islands of St Martin, St Barts, Anguilla, St Kitts and Nevis and Antigua. Prices will start from £9 per night.

 

6. The cultural highlight

In 1995 a volcanic eruption devastated a large part of the island of Montserrat. Now record producer Sir George Martin, who ran Air Studios on Montserrat and still has a home there, is the driving force behind the new Montserrat Cultural Centre in Little Bay. The venue aims to provide a cultural heart for the island, as well as a venue to host entertainers from across the Caribbean and further afield. It is due to open in March and will have a large auditorium for use in concerts, plays and films. There will also be rehearsal spaces, a media production room, foyer exhibition space and a restaurant and bar.

7. The historic event

Next year marks the 200th anniversary of the end of the transatlantic slave trade, a moment that will be marked on Jamaica with events overseen by a national bicentennial committee especially set up to coordinate events. One of the dates featured on the special calendar will be Fi Wi Sinting, a roots festival named after a Patois expression meaning "something for us". The celebration of all things African, now in its 17th year, is organised by the redoubtable Sista P and takes place every February in Portland. Visitors attending can expect to be entertained by displays of Kumina drumming from the Congo, Nyabinghi chanting, traditional Mento music, and performances by costumed Jonkono players. There will be traditional crafts and food on sale too.

8. The literary festival

Proving the region's cultural credentials, the Calabash Literary Festival puts the spotlight on local writing. Held in the unexpected surroundings of a small fishing village in southern Jamaica, Treasure Beach, it was established in 2001 by the writer Colin Channer. Today it features more than 30 authors with an emphasis on Jamaican and Caribbean work. Readings, music, discussions and workshops are part of a packed schedule which spans the month of May. The festival takes place at Jakes, one of the chicest boutique hotels on the island.

9. The best giant reptiles: How to adopt a dragon

Grand Cayman is the scene of a struggle for survival by the rare blue iguana. Visitors can help the 5ft-long reptile by supporting the Blue Iguana Recovery

The Reef Club, a prestigious hotel, has set up an "Adopt a Dragon" package, monies from which will go to the programme, which includes tours of the Botanic Park where the iguanas breed in captivity. Prices for a family of four start at US$429 (£218) per night, including accommodation and the tour

10. The best fan bases: Watch cricket in St Lucia

The countdown has begun for the Cricket World Cup. Each host island is searching out more accommodation for last-minute bookings. England fans will be heading for St Lucia.

Courtesty of Polly Rodger Brown

 

Keys Turtles Begin 4,700-Mile Trip To England

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MARATHON, Florida Keys -- Five green sea turtles traveled almost 4,700 miles from their home in the Florida Keys to a marine park in England Wednesday.

The reptiles convalesced at the Florida Keys- based Turtle Hospital, some as long as 10 years, due to spinal chord injuries sustained from accidental boat strikes off several Florida communities.

The hospital’s ambulance transported the adolescent turtles to Miami International Airport where they were loaded aboard a late Wednesday afternoon trans-Atlantic flight.

After arriving at London Heathrow on Thursday, they are to be examined and then transferred to the Weymouth Sea Life Park in Dorset.

Because of their injuries, the animals must remain under human care to survive and are unable to be released, because they cannot dive to catch food or escape predators.

Weymouth is receiving the reptiles to educate their visitors about sea turtles.

Turtle Hospital founder Richie Moretti and hospital administrator Ryan Butts accompanied the turtles to England.

Courtesy of fla-keys.com

 

 

Scrub Island - BVI

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scrub island caribbean resort developments travel and tourism     

Joe Collier wasn’t looking to make a deal when he visited Scrub Island in the British Virgin Islands while on a bareboat charter in 2003.

The hotel developer was looking for a good meal, however, and a man in a dinghy had just passed by with flyers alerting cruisers the island’s sometimes-open Donovan’s Reef restaurant would be welcoming guests the following evening. Joe picked up the VHF and made dinner reservations that would forever change his life and the fate of Scrub Island.

Less than two miles from Trellis Bay, Beef Island, off the east end of Tortola, Scrub Island is easily accessible yet off in its own world. Once a haven for pirates and base for a failed Dutch settlement, the island sat uninhabited until Gene McManus, an American architect, built a home and opened a restaurant named after his favorite John Wayne movie. When Joe visited in 2003, Gene had passed away, and his widow and two sons were running the restaurant. Over drinks and some guitar playing, Joe got to talking with the family, and once they learned he was in the hotel business, they divulged their search for a developer. Soon, the concept of Scrub Island Resort was born, said to be the first new development in the B.V.I. in 15 years.

From the sea, Scrub island is hilly and unassuming so that her beauty almost sneaks up on you. But from shore, it’s something else entirely. High cliffs plunge into startlingly clear waters, the vistas of surrounding emerald hills and open seas seem to roll on forever, and protected beaches and nature trails beg for exploration. Opening February 11, 2010, Scrub Island will host a luxuriously appointed 62-room resort, hillside villas, a 53-slip marina and a marina village with four restaurants—ranging from fine dining to casual—and the only Zagat-rated chef in this part of the Caribbean. There are also lounges, pool bars and an establishment on the north beach playfully named One Shoe Grille for the mismatched shoes that had been found washed up on shore.

While many new marinas in the Caribbean cater exclusively to the megayacht set, Scrub Island’s marina is designed to berth more 60- to 80-foot sportfishermen than superyachts. At 13-nautical miles, it is the closest marina to the famed North Drop, where anglers boat prize-winning blue marlin. Located only 75 miles east of Puerto Rico, many of the development’s first buyers were yachtsmen from P.R. attracted to the destination for its proximity to great B.V.I. fishing and cruising.

Virgin Gorda’s famous Baths rock formations are only a short boat ride away, as are many fantastic dive and snorkel sites.

An on-site dive shop offers dive trips and eco-tours, and fishing charters can be booked in the marina. Of course, the deepwater marina can also accommodate yachts up to 150 feet, and megayacht owners and captains will find all the high-end amenities they are accustomed to.

The 10,000-square-foot chandlery in the marina village will sell everything from peanuts to foie gras, have a extensive wine selection and offer provisioning services and prepared meals. 

As one of the few full-service marinas on the east end of Tortola offering fuel, dining, a dive shop and accommodations, Scrub Island hopes to attract a variety of yachtsmen. While the resort operates condo/hotel style—owners buy a unit, which is placed back into the hotel rental pool—the docks aren’t for sale and are open with hourly, daily and long-term rates for owners and cruisers alike. Peaceful and chock full of amenities, Scrub Island makes an excellent destination and is an ideal jumping-off point for exploring the B.V.I.

Pablo and Lucille Guzman of Fort Lauderdale, Florida, owners of a 46 Fairline, became interested in the development when they saw the Scrub Island booth at the Fort Lauderdale International Boat Show and bought a unit. “Being from Puerto Rico, my dad had a boat and we were always here. Tortola has a sentimental pull,” she says. “Scrub Island has an understated elegance. There’s nothing like it close by. And the access is perfect to the rest of the B.V.I.”

In an effort to preserve the island’s natural beauty and provide a true Caribbean sanctuary for their guests, Joe Collier’s Mainsail Development Group, LLC, and his partners have made a very un-developer-like decision to leave most of the 230-acre island undeveloped. Sans the addition of private homes to be built in phase two, what you see is what you get when it comes to the resort and marina. Scrub’s development has been largely focused on sustainability. As everything that’s brought into the island has to be brought out, builders have been highly conscious of waste disposal. This carries down to even the smallest detail; in the hotel bathrooms attractive shampoo bottles are refilled each day instead of being tossed and restocked. To harness the B.V.I.’s great resource—the wind—testing has begun on the use of windmills to power road lighting.

In a modern blend of technology meets nature, Scrub Island is also wired for island-wide Internet access. This works well for those who do need to stay connected, or who want to order “room service” on a private beach—all they need to do is pick up a GPS-enabled phone and the staff will find them anywhere on the island. For those who have come to shun technology and get lost in paradise, well, that’s fine, too.

Text and Photos By Risa Merl
Courtesy of Southern Boating January 2010

 
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