Home » Lifestyle » Wealthy Americans head to the Caribbean for the long term
Wealthy Americans head to the Caribbean for the long term
Fox Business Flash top headlines for September 9
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.
Experts claim fears over the COVID-19 situation in the United States as well as the presidential election are pushing an increasing number of wealthy Americans to move to the Caribbean for long-term stays.
Continue Reading Below
Over the past few months, citizenship advisers, government agencies and real estate developers reported seeing a surge in business with an onslaught on American arrivals in particular, according to Forbes, noting that inquires for some residential villas have increased by more than 50%.
BARBADOS PLANS TO OFFER 12-MONTH STAY INCENTIVE FOR REMOTE WORKERS
"It's not just the COVID-19 situation," Gregor Nassief, proprietor of Secret Bay Resort in Dominica, told Forbes. "It is the fear of what an extreme outcome on the left or right may look like after the presidential election."
Requests into long-term stays at the secluded resort have jumped upward of 66%, the outlet reported.
Likewise, Mohammed Asaria, of international luxury hospitality development company Range Developments, told the outlet that citizens are coming to "hide it out."
"You've got the election coming. That's number one," he said. "You've had COVID and certain places in the U.S. have been challenged through that, and more working remotely."