If you live in England and looking for a vacation home – maybe you should be looking at the Caribbean.

According to the Telegraph (full story here), “the relative strength of sterling against the dollar versus the euro means that Caribbean property prices “are currently considerably cheaper than their counterparts in coastal Mediterranean Europe”

Sales are down by 50%, tourism is down by 30%, prices are down 15-20%. You can get a home for under 200,000 pounds.