Property Rights Index in US Virgin Is. compared to Caribbean
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US Virgin Is.: Property rights index
A subcomponent of the Index of Economic Freedom, the property rights index measures the degree to which a countrys laws protect private property rights, and the degree to which its government enforces those laws.
Higher scores are more desirable, i.e. property rights are better protected. Scores are from 0 to 100.
The index also assesses the likelihood that private property will be expropriated and analyzes the independence of the judiciary, the existence of corruption within the judiciary, and the ability of individuals and businesses to enforce contracts.
The Global Property Guide considers protection of property rights as a significant factor affecting the desirability of a residential real estate investment.
US Virgin Islands does not publish official house price statistics. There are house and condominium price data for St. John Island from the Multiple Listings Service, compiled by Cruz Bay Realty. General economics statistics are from the International Monetary Fund, US Census Bureau and the US Virgin Island Bureau of Economic Research.