From the January issue: Buying vacation homes around the Caribbean and Central America is a relatively straightforward procedure and a consistently popular option for Americans. Many locales, like the Virgin Islands, Costa Rica and the Bahamas, have in the past decade added thousands of units of both condos and timeshare properties targeted explicitly at wealthy North Americans. But for some, a traditional second home in a different hemisphere isn’t secluded enough. For them, a vibrant market in the region for private islands: about 1,000 private islands are sold around the world each year, according to Private Islands, a Toronto-based boutique real estate firm.
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Needing their own private islands in the Caribbean
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