Puerto Rico has become a hotspot for international buyers. With its tropical climate, rich history, and diverse culture, it’s no wonder why so many people want to take advantage of this amazing island. If you’re considering investing in Puerto Rico luxury homes or commercial property, here are some reasons why now might be the best time!
Reason to Invest
- The Puerto Rican economy is on the rise. After years of recession. The Puerto Rican government has been making strides to improve the economy. In fact, in 2016, Moody’s upgraded Puerto Rico’s credit rating from Caa negative to Baa positive, citing improving economic conditions and prospects. This makes investment in Puerto Rico a safer bet than ever before!
- Puerto Rico offers generous tax incentives for luxury home buyers. If you’re looking to purchase a luxury property in Puerto Rico. You can take advantage of some great tax breaks. For example, there is no capital gains tax on properties sold after being owned for at least five years. And if you plan to use your property as a primary residence, you can claim an exemption from value-added tax (IVA) on the purchase price.
- The Puerto Rican real estate market is booming. In recent years, the Puerto Rican real estate market has seen incredible growth. Luxury home prices have increased by an average of 15% per year since 2012 and are projected to continue growing in the coming years. This makes now a great time to invest in a property!
- Puerto Rico offers a high quality of life. One of the best things about investing in Puerto Rico luxury homes is that you’ll be able to enjoy a high quality of life while doing so. With its world-class beaches, stunning mountains, and vibrant culture, Puerto Rico offer something for everyone. Plus, with English widely spoken throughout the island, it’s easy to feel right at home!
- Puerto Rico has a thriving tourism industry. With its rich history and unique culture, visitors the world over flock to Puerto Rico each year for vacation or business travel. This means that there is always a high demand for luxury rental properties throughout the island. Making buying an investment property even more wise of a decision!
Conclusion:
If you’re looking for a unique opportunity to invest in luxury real estate that is sure to appreciate over time. Then the island of Puerto Rico might be just what you need. With more and more people moving away from the states because of Trump’s presidency and taking their money with them. Many experts believe it will only take one or two years before we see an economic downturn in mainland America.
