| Barbados Real Estate is in great demand because | | | | St. Charles. This new project will be significant to |
| Barbados has built a reputation as an attractive | | | | the continued development of Barbados luxury |
| place to live and work. The country has a vibrant | | | | real estate in the next two years. In a future |
| economy in a very stable political setting with | | | | article we will provide updates on this project. |
| excellent infrastructure and modern services | | | | The south coast has become more attractive for |
| available across the island. It is no wonder that | | | | Barbados luxury developments due to the lack of |
| some of the wealthiest families in the world have | | | | beach front land on the west coast. Two new |
| built elegant mansions on the islands shores, while | | | | Barbados Luxury Condominium projects have |
| famous movie stars rent luxury villas and | | | | recently been completed on the south coast and |
| international business companies have discovered | | | | several more are planned. In another article we |
| the benefits of establishing operations in Barbados. | | | | will provide more information on these Barbados |
| With a year-round warm climate, social and | | | | south coast developments. |
| political stability and friendly people, Barbados is | | | | A Guide To Buying A Luxury Condominium |
| the preferred Caribbean island in which to | | | | Are you looking to invest in a Barbados Luxury |
| purchase that retirement house, luxury | | | | Property? There are several options available and |
| condominium or holiday villa. Barbados property | | | | several local companies to guide you through the |
| investments have returned a consistent 8 - 10% | | | | process. Some basic guidelines for Non-Barbadian |
| per year for the last twenty years. Now the | | | | buyers of Barbados real estate: |
| latest evolution of the Barbados property | | | | |
| development is the expansion of Luxury | | | | 1. Land and property can be purchased without |
| Condominiums and luxury villas, with new projects | | | | restrictions to non-nationals. |
| being developed on both the west and south | | | | 2. A non-Barbadian buyer must first get |
| coast of the island. | | | | permission from the Central Bank of Barbados. |
| Barbados Real Estate - The Preferred Locations | | | | This step makes it easier to get permission, when |
| The most popular locations are still the beach | | | | you need to repatriate you funds after selling. |
| front properties on the West and the South | | | | 3. Vendors are liable for the property transfer tax |
| coast, where you can find splendid luxury villas | | | | (check rates with Real Estate Agent) of the |
| and Luxury Condominiums. Other attractive areas | | | | purchase price. |
| of development include the Golf courses such as | | | | 4. Some financing is available for non-Barbadians |
| Sandy Lane Country Club, Royal Westmoreland, | | | | through local banks, however various regulations |
| Barbados Golf Club and the newest luxury | | | | apply. |
| properties, which are now available at Apes Hill | | | | 5. If you choose to bring the entire amount of |
| Golf and Country Club. | | | | the purchase price into Barbados this amount |
| Fabulous luxury villas are also available at the Port | | | | must be registered with the Central Bank of |
| St. Charles Marina near Speightstown on the | | | | Barbados. |
| north-west coast of the island. The success of | | | | 6. It is advisable to employ the services of an |
| this development has created demand for | | | | attorney-at-law and a reputable real estate agent |
| additional marina property development and a | | | | to handle these transactions. Legal fees are |
| new project has been started just north of Port | | | | approximately 2% of the purchase price. |