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About St Vincent :: St Vincent Economy :: Country profile
St Vincent - Profile
Investing in St. Vincent
Current property prices on St Vincent are up to a quarter of those on neighbouring islands such as Barbados and St Lucia. With tourism set to rise in 2007 with the Cricket World Cup matches being held in the West Indies, St Vincent will stage four of the warm-up matches, and the new International Airport scheduled to open in 2010, this island offers genuine investment opportunities.
St. Vincent Tourism
The string of islands known collectively as St Vincent and the Grenadines may be physically close together, but vary enormously in character, terrain and appeal. Beautiful St Vincent has remained untouched by the ravages of mass-tourism and the hotels, restaurants and bars retain the charm of a family touch on this 18 by 11 mile island (500 sq km).
Buying Property in St. Vincent
Once the playground of the jet set, the Caribbean islands are becoming more and more affordable, with property prices sometimes even cheaper than in Spain or the Algarve.
Legal system
The legal system differs from island to island but, in general, UK residents will be asked to obtain an Alien’s Licence. This requirement is very simple and involves obtaining evidence of any criminal record from UK police. This process is usually little more than a formality and most reputable developers have clauses inserted in their contracts to return funds to the clients in the event that the licence is refused.
Location
St Vincent is the main population centre of the multi-island country of St Vincent and the Grenadines. The island is mountainous and lush with rainforests in the interior and an active volcano dominating the north. The islands are situated about one hundred miles west of Barbados, between St Lucia to the north and Grenada to the south.
Languages spoken in St. Vincent
English
Religions of St. Vincent
Christianity
St. Vincent Climate
The waters of the Atlantic Ocean and the Caribbean Sea are warm at all times of the year, being influenced by ocean currents from equatorial latitudes which unite to form the Gulf Stream to the north of the Caribbean. The area lies for the whole year under the influence of the northeast trade winds, or the North Atlantic anticyclone, which lies farthest south in the winter period.
The wettest months are from May to October and the winter period is relatively, but by no means completely, dry. The area experiences no great extremes of temperature; winters are warm and sunny and summers are hot, but without excessively high temperatures so that heat stress is rarely felt.
Travelling to St. Vincent
Flights to the Caribbean can now be booked from most major UK airports for as little as £399, BMI, BA and Virgin Atlantic all fly to the area and connecting flights to St Vincent can be made from several places including Puerto Rico and Barbados. There are currently no direct flights to St Vincent from outside the Caribbean but this will change in 2010 with the opening of the new International Airport now under construction at Argyle.
St. Vincent Currency
East Caribbean Dollar (XCD). The XCD has a fixed exchange rate with the US$.
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