CaribbeanChoice.com
   HOME |  Carnival |  Recipes |  Gourmet Shop |  Islands |  Games |  Market |  News |  Links |  Events |  Articles |  Forums  |  Search 
 Barbados
 Main Menu 


 Food 


 Caribbean Corner 

Feedback   
Tell us what you think!
Tell us what you want!



 
   Sunday, May 26, 2019 

Barbados Property - Thoughts About the Property Market

By Peter Apps

 Market Place     

Barbados, which has been independent for over forty years, is the jewel in the crown of the Caribbean. To this day it still retains an English influence.

The national sport is cricket and The Queen of England is the Head of State. Areas are known as 'parishes', echoing the religious history of the island through the Church of England.

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.

Those buying properties in Barbados to let to tourists may be able to yield an average annual rental income of five percent. Investors, should also focus on achieving capital growth with their Barbados property in order to gain a maximum return on investment over time.

 About the Author     

Written by Tailored Home's Peter Apps. For more on finding properties abroad for sale, including property for sale in Barbados, visit Tailored Home: http://www.tailoredhome.net/BuyingGuides/PropertyinBarbados/tabid/1319/Default.aspx

    Share |

    Hotels & Resorts

    More Articles by Peter Apps
    More Articles about Barbados
    More Marketplace Articles

    Views expressed in the article are those of the author and are not necessarily the opinions of CaribbeanChoice, its staff or members.


     Sponsored Links     

     Recently Added or Updated Articles     

    More Articles... - Submit an Article

     More Destinations     

    New Articles | New Recipes | Active Topics | New Links | Announcements & What's New

    Google
     

    CaribbeanChoice.com - Your Gateway to the Caribbean
    One Love. One People. All Caribbean!™

    Proverb: If you eye nah see, you mouth must not talk.
    Meaning: You must see for yourself before you talk.

    del.icio.us digg technorati YahooMyWeb Reddit FURL BlinkList

    Member Center

    Welcome Guest

    Register
    Login

    Search  
    E-mail & IM 
    New & Updated Articles


     
    Travel Services




    Battle of the Islands


    Venezuela
    Current Leader

    Jamaica
    2nd Most Active

    Barbados
    has 4243 vote(s)

    vutjebal
    Most Active User



    Top Links
    Motorola RAZR V3 for T-Mobile + $50.00 Cash Back
    Caribbean Specialty Foods
    Flagline.com
    Caribbean Black Singles
    Landmark Education
    Saveur Creole
    Apply for a Credit Card
    more links...



    Latest News

    News Headlines  
    Caribbean
    Latin America  
    North America  
    Cricket  
    Football (Soccer)  
    World at a Glance  
    and more...




    Complete Hosting Guide

    Life is Transformational

    Visionary Learning Studios


    HOME | Culture | E-mail | Community | Resources | Disclaimer | CaribProud.com | Advertising | About Us
     Copyright © 1998-2010 CaribbeanChoice.com. Inc.  All rights reserved.