St Vincent & the Grenadines - Buccament Bay Beach Resort
Buccament Bay Beach Resort will be the only 5 star resort on the beautiful island of St Vincent. Offering state-of-the-art facilities including the Harlequin Sports Academy, this family-oriented luxury spa resort will be managed and maintained to the highest standard by a world-class management company.
Located just a 45 minute drive from the existing and proposed airports, Buccament Bay Beach Resort is situated in a prime location on the southwest coast of St Vincent in a wide bay which enjoys the calm waters of the Caribbean Sea. Occupying around seventy acres the development stretches up from the bay into the Buccament River Valley with a backdrop of verdant mountains interlaced with nature trails. With its white sandy beach and crystal clear waters that are ideal for snorkelling and diving, Buccament Bay Beach Resort provides the perfect destination for tourists who are seeking a holiday that combines relaxation with the option for sporting activities and we expect a huge demand for accommodation.
St Vincent has enormous potential for growth in tourism; already popular for day trips from ocean cruisers, it is a stunningly beautiful tropical island that will become an idyllic Caribbean holiday destination. This, coupled with the fact that the natural topography of the island means it will never be over-developed, makes investment in the Buccament Bay Beach Resort an excellent opportunity.
The average yearly temperature is 27° C (81° F). The coolest months are between November and February. During the rainy season, May through October, rain is frequent in the mountains of St. Vincent with the annual average rainfall being 380 cm (150 inches) inland and 200 cm (80 inches) on the coast.
GDP is growing at an annual rate of approximately 4%. In the past, the country's economy was based on income from sugar and bananas, although tourism has since superceded agriculture as St Vincent's biggest earner. Major trading partners are The Caribbean, UK, USA, Canada, Japan, Guyana
Economic growth has been restricted by a combination of events such as climatic problems and the need to remodel the financial services sector to appease the OECD and FATF (Financial Action Task Force) which has become a high priority for the Government. Accordingly, an ambitious programme of policy reforms designed to strengthen the public finances, achieve higher growth, lower unemployment and reduce poverty is underway.
Banking, trusts, insurance and mutual funds form the cornerstone of the finance industry, although the registration of International Business Companies has also become a strong growth area for SVG. According to the International Financial Services Authority (IFSA), by the end of April 2004, some 357 new IBCs had registered in the country, compared to 194 during 2003, representing growth of 84%. In total there are around 6,300 registered IBCs.
The International Airport to be built at Argyle (proposed completion by 2011) will improve accessibility to the island and bring further economic growth from increased tourism and exports.
Back To Overseas Property Page...
Register with us today and be part of Balloon Investments Off Plan Property professional advice centre. |
