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Archive for the ‘Real Estate’ Category

Thoughts about the Barbados Property Market

Thursday, July 28th, 2011

Barbados is an ideal holiday destination with it’s laid-back style and people. The country possesses a beautiful, tropical climate with a drier season between December and May and a wet season from June to November. It has coastlines of beautiful white sand beaches, tax-free shopping, great resorts and restaurants. It also has a lively nightlife with a range of clubs and bars.

As well as being an oasis for tourists, it is also one for those seeking property in Barbados, as well as residents. Barbados villas, apartments and houses are of a high quality and design and there are numerous luxury residential resorted around Barbados. Properties are popular for many stars from the US and the UK who have bought luxury Barbados villas here and have stayed in the country over many years.

Since 2004, there has been many more properties in Barbados constructed due to high demand and more and more people wanting to live in Barbados from around the world, particularly from the UK and Canada. Barbados holds a high quality perception with property buyers, and this has inevitably attracted new residents and buy-to-let investors to take advantage of the tourist demand.

In Barbados, properties can vary in price and size. Luxury Barbados villas can cost up to £5 million sterling, however a one-bedroom Barbados apartment can cost from as little as £50,000, so there is a wide range to suit potential buyers looking for property for sale in Barbados.

When thinking about buying property in Barbados, purchasers should consider that the cost to purchase property is about 2 percent of the value of the property.

Barbados has a solid reputation in the overseas property market and property in Barbados continues to sell, although the market has slowed somewhat with the global economic slowdown. This inevitably means there will also be good value Barbados property for sale, combined with the leverage in making deals when buying properties in Barbados. There has also been reports indicating Barbados property prices are rising from10 to15 percent per year.

Investing In Barbados Real Estate

Monday, June 27th, 2011

Not only it is a tourist attraction, but it is also the most developed country after Canada and USA in the western hemisphere. In terms of GDP, Barbados is the 51st richest country worldwide. The high income economies as per the World Bank rank Barbados as the 66th for high economy. Initially, the economies relied heavily on the sugarcane cultivation, but then the trend changed and shifted to tourism and financial services. Due to high investment from European Union in assisting with the modernization programs, the interest of investors is increasing in this country.

The Barbados real estate for sale comprises of range of opportunities. The same goes for the international listings for sales which include beach villas with sands at a stretch, rental villas and vacation villas. The international rentals and local rentals are very attractive for the buyers and sellers as the value of the properties appreciates at a very good pace. Barbados is not only suitable for rich investors but also average investors. In order to cater the needs of luxury living, luxury villas have been made along Bridgetown and other areas closer to the west coast. These villas are definitely a major attraction when it comes to the international real estate. In order to become part of the international listings exchange, the government brought in the idea of developing the homes and villas of rental, luxury and vacation types on the eastern cost of Atlantic.

In the recent years many of the celebrities have been spending time and visiting this country which clearly has made Barbados as the hottest investment for the year 2010. It is claimed that after the recession in 2009, the real estate in Barbados is going to pick up the pace.

Due to stability in the currency exchange rates, economy, quality of property and location, the buyers showed much more interest in the negotiation process for the real estate investment in Barbados. This has given a clear signal that the investment market for real state in this country is surely going to bring in much more benefits along with better local and international rentals for the buyers.

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