http://www.luxist.com/2008/08/27/russians-checking-out-caribbean-real-estate/ Luxist Comments for Russians Checking Out Caribbean Real Estate http://www.luxist.com/media/feedlogo.gif http://www.luxist.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/http://www.luxist.com/2008/08/27/russians-checking-out-caribbean-real-estate/http://www.luxist.com/2008/08/27/russians-checking-out-caribbean-real-estate/Anguilla is in a much better position toady that she was in prior to the start of Viceroy and Flag as work in progress is much better than failed shells in ruin--one only has to look at decaying debris of Mullet Bay Resort in St. Maarten for confirmation of that grim fact. However, with the foregoing in mind, one must be concerned about the apparent troubles both Viceroy and Flag have encountered during their construction phases—and the pressure that has put on other managed residence communities that are being or have been planned… such as the projects at Rendezvous Bay, at Shoal Bay West, at Conch Bay, and at Shoal Bay East, et al. Interestingly enough, the construction issues facing Viceroy and Flag (along with the macro economic issues facing the global economy that are negatively impacting real estate investment and lending) might actually be seen to be having a positive impact on the pace of development on Anguilla as there are many who feel “too much too soon”—which is, of course, why Government put in place a moratorium on foreign owned large scale tourism investments…a moratorium which was at least partially offset by Anguillian owned projects that were approved after the moratorium was instituted (in particular: at Rendezvous Bay, Conch Bay and Shoal Bay East).

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