Why Investing in the Island of Enchantment Is a Good Idea
One of the worst events that have happened in Puerto Rico is the hurricane Maria that brought a lot of destruction with it. There are a number of opportunities that also came up because of this hurricane and taking advantage of them will be a great idea. The reshaping of community spaces and the building of stronger structures were some of the opportunities. If you have a mind for investment, you probably realize already but that Puerto Rico is a great place because of the features that it is going to give you. Puerto Rico, therefore, is a good place for an investor to put their money in especially because you’ll be able to get much more. Cheap real estate is one of the biggest advantages of this region and its another reason for investing in the island. The values of properties in Puerto Rico have hit a historical low after this and therefore, it is now an opportunity for you to put your money. The real estate market in the Puerto Rican area already had a lot of issues and after the hurricane, things became worse. Houses are damaged and many of them are actually not occupied.
Because the locals decided not to rebuild, you can be able to buy the properties now at cheaper amounts and sell them later. The wages that you have to pay are going to be much lower and, the cost of investing is also the same in regards to a decrease. The cost of labor, for example, is much lower in Puerto Rico as compared to countries like the USA. For investors, this is actually a great opportunity because it means that you can have much more done. Another advantage is that the cost of living is much lower in Puerto Rico as compared to other areas. The employees, therefore, do not need so much and that is why the cost of living is much lower. Because it is not expensive for you, you’ll actually be able to continue with your innovation and building projects in the real estate industry continuously.
The amount that you have to pay taxes is also going to be much lower when you decide to go to Puerto Rico. For the people who want to invest in Puerto Rico, the government indicated an incentive program for taxes to investors. Infrastructure is much better in Puerto Rico today as compared to how things were in the old times and this is great for you now.
Another Source: my response