The drivers behind projects that start at the blue print stage in Puerto Rico and end up being places where we live, work or play are usually property developers. There are a wide range of different types of property developer in Puerto Rican with some never actually building, but preferring to develop land where a builder can take over all or part of the space to begin construction.
Puerto Rico is a self-governing unincorporated territory of the United States located in the northeastern Caribbean, east of the Dominican Republic and west of the Virgin Islands. If you are thinking about buying luxury Puerto Rico real estate, this short guide may assist you if considering the opportunities of Puerto Rican property for sale and what it can bring.
Puerto Rico is composed of an archipelago that includes the main island of Puerto Rico and a number of smaller islands and keys, the largest of which are Vieques, Culebra, and Mona. The main island of Puerto Rico is the smallest by land area and second smallest by population among the four Greater Antilles (Cuba, Hispaniola, Jamaica, and Puerto Rico).
Puerto Rico has an area of 5,325 square miles and compared to U.S. states, it is larger than Delaware and Rhode Island combined, but slightly smaller than Connecticut. The main island is mostly mountainous with large coastal areas in the north and south.
Tourism is an important component of Puerto Rican economy supplying an approximate $1.8 billion. In 1999, an estimated 5 million tourists visited the island, most from the U.S. Nearly a third of these are cruise ship passengers. A steady increase in hotel registrations since 1998 and the construction of new hotels and new tourism projects, such as the Puerto Rico Convention Center, indicate the current strength of the tourism industry.
Many buyers and investors are looking for Puerto Rico property for sale using an online real estate directory search via an international property directory.
The most common reference though for a developer in Puerto Rican is one that is in overall control of a development from the idea stage, to raising capital, to breaking ground and eventually delivering to the consumer who may be residential or commercial by nature.
The responsibility for delivering the eventual product is born by the property development company who will take overall charge, and will co-ordinate the activities, hold regular meetings with such partners and providers such as the financiers, trades people, architects and product suppliers.
Finding a list of developers in Puerto Rican can be hard to achieve, and consumers or buyers often find it frustrating to not be able to connect with developers direct, Developers who are building in an area of interest to them, especially if it's an international location.
The knowledge required by a top property developer is considerable and to be a long lasting developer requires dedication and the ability to create exciting, ground breaking and above all practical buildings and constructions which can be used by the owners and occupiers as intended.
As a property developers magazine and property development resource we provide useful Puerto Rican links and an access to a database of developers. This is great for buyers and investors looking for information on new property developments in Caribbean that are sure to attract attention.