There are few places in the world that have become more popular with cruise vacationers than Puerto Rico. The smaller island of the Great Antilles, Puerto Rico’s housing market is still in something of a slump though the pace at which property values are declining has begun to taper off. What’s more, large residential and vacation developments are springing up all along the coastline and driving more tourism and expat interest toward Puerto Rico each year. Local and national authorities remain confident that the future outlook for Puerto Rico is extremely bright and continue to impose comparatively low buying costs and taxes. Rent yields can also be as high as 9 per cent in desirable beachfront locations like Condado, Miramar and Dorado.