A look at history & real estate market of St. Kitts & Nevis

real estate market

When going for St. Kitts and Nevis Citizenship by investment programme, it’s important you learn about history of the place and study the real estate market. It lies on the brink where Caribbean and Atlantic oceans meet with abundance of sugarcane fields spread all over.

Geology

Saint Kitts and Nevis are geologically volcanic which explains the myriad of mountains rising up as far as the eye could see. This is the reason for its fertile soil and lush vegetation which caught the eye of many. Pre-Columbian inhabitants named it Liamuiga, meaning “fertile land” as per St. Kitts and Nevis Department of Tourism.

One of the most appealing tourist spot on the island is actually named as Mount Liamuiga, which is a dormant volcano soaring approximately 3,792 feet above sea level. Real estate market involves chalets available on lease for travellers which make a crucial aspect of St. Kitts and Nevis Citizenship by investment programme.

Early inhabitants

The story goes back to 5,000 years when Arawak and Carib Indians from South America explored several Caribbean islands and chose St. Kitts and Nevis as their permanent dwelling. By the time Columbus and his followers discovered it, Indian villages and farms were already established and seizing control wasn’t that easy.

European colonisation & beginning of the war

When Columbus took control of the island from Arawaks and Caribs, he named it Saint Christopher being a patron of saint travellers. It was widely accepted by the British sailors in 1600’s however was shortened to Saint Kitts.

Bloody war and mass massacre of Indians continued till 1620 after which French and English men ruled the island in harmony for almost a century. However this synchronisation didn’t lasted long, giving rise to a new civil war that raged till absolute surrender.

The turning tide of battle

As war intensified during years with no side raising the white flag, Dutch and Spanish pirates took advantage of this and joined the French forces against British. Concerns were raised that if this fight continues on, the entire island will plummet under the reign of fire hence an agreement known as Treaty of Versailles was signed by both conflicting parties in 1783, accounting total domination of Saint Kitts and Nevis to the British.

Although the war ended, profusion of sugar cane and natural resources still made St. Kitts and Nevisa primary target by many off-charters. Pirates and privateers preyed upon ships, exporting goods that raised a new economic threat. Slavery law was abolished in 1834 and free labour made sugar cane profitable.

Tourism &property trends

In the 20th century, Saint Kitts and Nevisevolved as a prime tourist spots and an independent nation under the British Commonwealth. Nearby islands such as Barbados, Virgin Islands and the Bahamas are other attractions.

Property on lease is more in demand as compared to ownership however; real estate is vested successfully to applicants who qualify Citizenship by investment St Kitts and Nevisprogramme.

Conclusion

The details of Saint Kitts and Nevisare vital before visiting the place or investing in real estate market.

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