And let’s not forget the Barbados wedding of the decade
when, Tiger Woods got married to his sweetheart on the golf
course of the Sandy Lane luxury hotel. Barbados long
association with the celebrity visitor, combined with its
warm friendly people, near perfect weather and gorgeous
white sandy beaches make the island the preferred Caribbean
destination. And the perfect island paradise for the
discerning holiday home purchasers especially those from
Europe and North America.
Why buy real estate in Barbados
Barbados is home to the third oldest parliament in the
British Commonwealth, the island’s parliament was
established in 1639. With this development came a tradition
of social and political stability unmatched anywhere in the
develop world. The social and political stability along with
sound infrastructural development has position Barbados real
estate as a great investment.
The prices of Real Estate in Barbados continue to rise
steadily, with the introduction of a number of upscale
community developments on the famous west and south coast.
These spectacular resort developments on the West coast
include the upgraded luxurious Sandy Lane hotel, Schooner
bay, Villas On The Beach, The Sands, Royal Westmoreland and
On the South coast there are also some high-end
developments which include Palm Beach, Maxwell Beach Villas
and Ocean One.
Many of these beachfront properties on the West and South
Coast are own by wealthy foreign nationals who have paid a
small fortune to purchase them as winter homes or as
accommodation investments. But it isn't only about the
beachfront properties you can also get Barbados polo real
estate, golf real estate and many other beautiful real
Buying real estate in Barbados
Buying Real Estate in Barbados can be a little
complicated, mainly because property in Barbados must pass
conveyance of title. Here are some guidelines to assist
the potential purchaser...
- As purchaser you will be required to utilize
the services of an attorney-at-law registered in
Barbados to establish title to the property.
- All funds brought in to Barbados must be
registered with the Central Bank. This requirement
allows for the repatriation of funds if the property
- The property vendor is required to pay a
property transfer tax of 7.5% on the excess value over
- Each party in the transaction bears their own
legal fees, which are approximately 1.5% to 2% of the
- Property owners must pay land tax annually
based on the value of the land.
Buying Barbados real estate is seen as a sound investment
since the island has never seen a decline in property
values and based on the current market situation this
trend is expected to continue. Here are some of the most
sought after developments where you can find Barbados real
estate for sale. Some are beachfront properties located on
the West and South coast.
But one thing for sure these are magnificent pieces of
real estate in what can only be described as paradise...
Barbados real estate for sale
Finding a piece of Barbados real estate for sale is not
a difficult task.... especially since government stated
that Barbados land should fetch its highest economic
value. You see over the years Barbados real estate has
been a secure investment... mainly because the market
usually do not experience the highs and lows seen in other
Actually there were no records of the real estate market
in Barbados ever registering a decline in value... Until
the recent challenges associated with the global economic
down turn... Barbados real estate for sale has shown a
decline in demand. However the Barbados real estate
remains a safe secure investment in a paradise with near
perfect weather and spectacular
white sand beaches.
Totally Barbados real estate for