St. Martin: Overview
February 22, 2008
Aside from beaches and water related activities, Sint Maarten, the Dutch side, is known for its festive nightlife, jewelry, exotic drinks made with native rum-based guavaberry liquors, and plentiful casinos. On the other hand, St. Martin, the French side, is known more for its nude beaches, clothes, shopping, and rich French and Indian Caribbean cuisine. The island is served by large jets carrying tourists on a daily basis. About a million tourists visit the island annually.
Although the US dollar is widely accepted in both sides, the French side uses the euro as its main currency while the Dutch side uses Antillean guilder,
As in France and Netherlands, there are no restrictions on foreign ownership of properties in St. Martin and Sint Maarten.
Expensive high-end properties
With its popularity, properties in Saint Martin are expensive. A three bedroom house in Sint Maarten is around US$1 million, while a 3BR house is worth around US$1.5 million. Apartments are slightly cheaper than houses; a one bedroom unit can be bought at around US$330,000 while a three bedroom apartment is priced at around US$700,000.