Taylor White Finally Uncovers Suriname Real Estate

Tourism, particularly ecotourism, is gaining ground in Suriname due to the exceptional biodiversity in this small nation. About 30% of the land area of the country is protected as reserve areas by the law of Suriname. This leaves very little scope for active international real estate investment in this nation, with the number of Suriname real estate for sale and Suriname rentals offered in the market remaining quite limited. In spite of this inadequacy, Suriname real estate market provides variety of options for locals as well as international real estate investors. Individual homes and condos for sale or rent, commercial plots and properties, and land parcels are available at affordable rates across the country. The coastal properties are the other major Suriname real estate listings that could be seriously considered. These coastal real estate offerings are available from $650,000 per hectare. The major advantage of these properties is that they are very near to the capital city of Paramaribo.

However, the excessive money-laundering operations going on in Suriname by narcotics dealers and even politicians had made the government tighten monetary laws. All amounts in excess of $10,000 that enter or leave Suriname should be reported to the authorities by the banks and other money transfer agents. Transactions in excess of $10,000 are possible only after getting permission from various government departments. This makes it difficult for international real estate investors to purchase properties in real estate of Suriname. The prospects of value addition in the next few years are not very clear. When the property is finally sold, taking the money out of Suriname is also a difficult process. Due to the various reasons listed above, real estate in Suriname is languishing without much foreign investment. Only the illegal money launderers and narcotic smugglers are investing their unlawful earnings in hotels, resorts, casinos, and other Suriname real estate for sale and Suriname rentals. It could take a few years for the situation to change to enable international real estate investors to benefit from Suriname real estate listings.

Taylor White is an international real estate investor and leading the charge at International Real Estate Listings the worldwide leader in Suriname real estate and Suriname real estate listings. Suriname real estate owners, agents, and developers are encouraged to create an account, upload an unlimited number of listings, write as much creative property details, include a You Tube property video, and it will be activated as a basic listing for 6 months, free.

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