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Fresh Invest
We specialise in sourcing the most profitable investment opportunities available, and managing the purchase process from start to finish with friendly staff who are eager to help.
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Barbados Buying Guide
Probably the most “English” of the Caribbean Islands and certainly the most easterly. This island has for years been a tropical paradise for many investors.
The Country:
Governed and legislated on an English system and with a government that actively encourages tourism. The East side of the island faces the Atlantic and is quite rocky and very picturesque.
New developments are capitalising on this stunning scenery with new hotel resorts offering excellent facilities and the ability to offer investors studios, one or two bed apartments, cabanas or semi and detached villas.
The west side is more sheltered and boasts some of the most amazing beaches in the Caribbean Sandy Lane for example.
The Island is not large and development land hard to come by so prices are high and rising due to demand led inflation.
Property Values:
The Island is small and popular. It is a favorite holiday destination for English speaking nations especially the English and Canadians and prices have been inflated due to demand and supply.
Historically the island has seen excellent growth in capital values with continual upward trends over many decades. Expect to pay £200,000 for a studio down on the southern part of the island to several million if you need to rub shoulders with the glitterati on the sandy lane area of the west coast. Even in global recessionary times “small” “stunning” and “special” are words that retain value in hot property.
Investment:
Even in global recessionary times “small”, “shortage” , “stunning” and “special” are words that retain value in hot properties and Barbados has all of that and more.
A legal system that is based on UK principals and a government that endorses tourism all contribute to excellent prospects for non residents, external funding or developer packages may be the best form of finance.
Purchase procedure:
You will be required to appoint a solicitor for your Barbados property purchase. Fees for such representation vary from 1.2% to 1.5% plus VAT and expenses and Land Registry Fees.
All purchasers must seek approval from the Central Bank of Barbados in order to purchase and transfer funds into Barbados.
Once you have appointed a solicitor to act on your behalf you will need to instruct them to carry this procedure out for you.
Permits:
Owners may apply for a permit to reside in Barbados for a period of 3 years. Proof of funds may be required, as your permit will not entitle you to work.
Summary:
High entry costs, but good capital appreciation and ready rental and purchase demand make this a sound investment.
Some developers offer special apart- hotel units from studio to plantation villas all wrapped into an hotel style room investment where you are offered a short occupancy and a share of the net room revenue.
Check out our latest Barbados Opportunity!