Wednesday, 5 September 2012

Puerto Rico Commercial Real Estate

Puerto Rico Commercial Real Estate

Tourism is a multi-billion dollar industry, with a large majority of that money going to the tropical locations of the world. This is an amazing opportunity for anyone looking to start a new business or purchase an existing profitable business. However, since most tropical locations have limited real estate transaction laws and property rights, it can be a risky endeavor. That is one of the many great reasons to consider Puerto Rico commercial real estate – it is an unincorporated U.S. Territory, so your transactions and property will be completely protected by very strict laws. This means you get all the benefits of a tropical tourist location, without many of the financial risks!

There are many different types of Puerto Rico commercial real estate available, from office buildings and restaurants to resorts and amusements. This means that you have your choice of many different lucrative investment opportunities, so you can find one that not only has a lot of profit potential, but is actually of personal interest to you. Right now, property prices are very low, yet the economy is steadily rising, which makes this the perfect time to buy property in Puerto Rico. You can get in now while the price is still low, and cash in on the millions of tourists visiting the island every year.

Before you start looking for Puerto Rico commercial real estate opportunities, you need to ask yourself a few things: What is your budget? What type of business do you want to run? How soon would you like to begin? Do you want to start your own business or buy one that's already profitable? When you are able to answer all of these questions, you are ready to speak with a qualified local real estate broker in Puerto Rico. Having a good idea about what you are looking for will help them find the perfect commercial property for you.

While the tourism industry brings in roughly two billion dollars a year in Puerto Rico, it is by no means the only profitable sector. In recent years, the petrochemical, pharmaceuticals, and technology industries have been growing at a dramatic rate, and have helped Puerto Rico become classified as a “High Income Country” by the World Bank. This means there is a lot more money being spent regularly by locals than in most other tropical tourist locations. In addition, many industries receive generous tax incentives from the United States, making business even more profitable.

If you are looking to start a profitable business in a beautiful tropical location while still being protected by strict real estate transaction laws, then you should really look into Puerto Rico commercial real estate. With a booming tourism industry, a profitable technology sector and incredible property prices, it is truly an island of opportunity.

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