Dec. 5, 2006 — St. Thomas-based John Foster Real Estate recently joined forces with Residence International, a marketing organization that primarily lists European properties. Its target is an "extremely upscale" international clientele.
"They're [Residence International] trying to build an affiliation in the Caribbean," John Foster co-owner Nick Bailey said Tuesday.
He said the membership opens up a range of well-heeled potential buyers who might be tempted by the stability that comes with the U.S. flag flying overhead.
Bailey said that properties in the Virgin Islands are "well priced." He said that islands like Anguilla, St. Barths, the Turks and Caicos, and some Bahamas islands now also have high real estate prices.
"It doesn't make St. John look overpriced," he said, referring to the perception that St. John real estate is extremely expensive.
Residence International's quarterly magazine goes to 125,000 subscribers in Europe and the United States. Additionally, it's available on newsstands.
John Foster Real Estate is featured on the front cover of the winter issue, with the agency also getting an inside cover and an article promoting the entire Virgin Islands.
"We've got so much to offer, but every island is different," he said.
Bailey wrote the two-page article touting reasons why people will like the Virgin Islands before segueing into details about the territory's real-estate picture.
John Foster Real Estate was founded by John Foster in 1972. Today, the company has offices in downtown Charlotte Amalie and Vessup Bay.
Reach John Foster Real Estate at 776-5000 and 775-9000 or visit their website.
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