Property for sale in Trinidad and Tobago will benefit from China's offer to loan $1 billion to Caribbean countries.
The vast sum of money has been offered by China as the country seeks to strengthen its relationship with the Caribbean and support the struggling economic climate. Countries including Trinidad and Tobago have seen little growth in the economy recently, because the USA and Europe are travelling less as a result of their own financial woes.
Speaking last week at a meeting between Chinese and Caribbean officials in Trinidadââ¬â¢s capital, Port of Spain, Vice Premier Wang Qishan said: "China cannot develop itself in isolation of the world and the world needs China for its development."
According to CNBC, trade between China and the Caribbean has increased by 24 per cent annually, as China seeks to invest in developing countries with high levels of debt, including a multi-billion dollar sum offered to Africa.
The latest offer to the Caribbean follows Chinaââ¬â¢s investment in a $2.6 billion resort in the Bahamas. As the economy welcomes the heavyweight stimulus, property for sale in Trinidad and Tobago should soon be attracting other foreign investors too.
Are you looking to buy property in Trinidad And Tobago ? Chaguanas , Port Of Spain , Cunupia , Arima , Trincity
Are you looking to rent property in Trinidad And Tobago ? Port Of Spain , Black Rock , Arima , San Juan , Longdenville
Author
Nick Marr
I am an internet entrepreneur with a passion for driving big audiences and a love for real estate. I have had plenty of ups and downs which has given me the experience to help others launch their own businesses. I enjoy projects that save consumers time and money, challenge convention and add real value to peoples lives.