Anguilla Real Estate

On the northern most region of the Leeward Islands in the Caribbean is Anguila. Composed of the main Anguila island along with smaller islands, it stands to be a sought after venue for vacation and for permanent residence by numerous foreigners. It is also rapidly becoming a hub for potential investments.

At present, Anguila is a British territory of a population of more than 13,000. Its capital city called The Valley houses most of the country's major enterprises. The Amerindian tribes from South America are the first known settlers of land. Where it got its name, which means ‘eel' in Spanish, is vaguely explained by its locals. In 1650, the English explorers arrived in the island of Anguila and colonized it, including other Caribbean islands such as Antigua and Barbados. The territory's administration was at first given to United Kingdom, and as most colonized nations, mutinies by the locals emerged, especially during the lat 1960s. In 1980, Anguila was declared a separate British dependent, that is, an overseas territory.

Exuding the warm and dry climate of a tropical country, Anguila is an even area, relatively of a low level, with various corals and limestones toiling its land, which is generally poor to support thick vegetation. However, it is a home to vast and magnificent coral reefs and pristine beaches, especially in its uninhabited islands such as the Scrub Island, Seal Island and Sombrero Island.

Anguila houses a variety of nationals. According to the 2001 census, almost thirty percent of its population is non-Anguillans. This percentage is composed mostly of Americans, British, Jamaicans, and most recently in 2006 and 2007, of Mexicans, Indians and Chinese.

Because of Anguila's meager agricultural potential, its residents, most of which are of an African descent while some are of an Irish ancestry, have paved the development of industries such as tourism, fishing, banking, insurance, and overseas management. Maximizing its modest natural resources, the people of Anguila export a sizable volume of quality lobsters, fish and rum with partners such as the United States, Puerto Rico and Saint Martin. However, the Anguillans are dependent on imports for their food and fuel.

Over the years, the economy of Anguila has been on a rising continuum. It is conspicuous that the country's economy relies heavily on its extensive financial services from bank license fees to the emigrants' remittances. Offshore banking and insurance services have been among the country's major investments. While this form of investment has been viewed with malice, the Anguillan banking sector has been supporting the fight against money laundering.

It also enjoys the support of grant-in aids and development aids from the United Kingdom and the Caribbean Development Bank. Anguila is not only limited in its natural resources but also in its labor force. The country's rising number of enterprises necessitated the bringing in of laborers from abroad.

The government of Anguila has also been forwarding its tourism. This campaign banks on the country's rich culture. A dominant element in the Anguillan tradition is sailing. The country's national sport, sailing or regatta has a regular and popular slot in the nation's holidays and celebrations. The local government has also been pushing for partnerships with multi-national companies in its drive to continue the boosting of tourism, showcasing its vast real estates and potential areas for investment.

Following this economic improvement is the inevitable rise in investment opportunities. Real estate development showed a remarkable high in 2004. Properties ranging from condominiums, apartments and beach houses trailing the water fronts of Anguila captured foreign individuals and firms as the country rose toward the top of the world's list of prime tourist destinations.