Own a villa in the US Virgin Islands? Then you're in luck, as Frank Barnako is reporting that the value of of residential properties in St. Thomas, St. Croix and St. John is about to skyrocket as a result of a massive property revaluation exercise. The commercial revaluation, completed last spring, resulted in increases of 250 to 300 percent in certain areas of St. John. In other Caribbean real estate news, Caribbean Free Radio deconstructs a news story about Giorgio Armani's new villa in Antigua.