The old Barbadian adage ‘owning a piece of the rock’ is as relevant today as it has ever been. Developments such as The Grove ensure that Barbadians have the chance to keep the tradition alive, while enjoying peace of mind knowing that they have secured a sound, lucrative investment.
Barbados’ economic stability, plus a growing and constant demand, makes land one of the most sound investments on the island. This is even more pertinent given the depressed present state of the industry, where land prices have declined over the past six years and the prospect for good appreciation is at last in sight. This has re-kindled buyers’ interest and has given trend followers good reason to anticipate significant land value appreciation in the coming four-to-six years. Such appreciation will likely outstrip interest on most other available investment options. But, before making the final decision on a land investment, it is crucial to have an overall appreciation of the market, and be acquainted with the benefits of investing in our ‘Rock’.
St. Lawrence Gap is renewing its cool, trendy status one hot spot at a time! Right now, perched on the corner of the liveliest gap in the south is Cocktail Kitchen, the latest addition to the menu of Gap restaurants and bars.
The allure of the beachfront holiday rentals is unmistakable, and its sustained - and growing - demand is widely credited for the success of Airbnb as well as continued big business for Terra Group’s Blue Sky Luxury arm. Prospective owners looking to invest in a holiday rental in Barbados are faced with options ranging from inland hideaways to stately homes and bold, modern villas. In reality, the determining factor sometimes comes down to basic personal preference, but on an island nation like Barbados, the experience of seaside living is the proverbial jewel in the crown. To sway this argument in favour of a rental on the beach even more, here are three reasons to keep in mind when looking to invest in a holiday rental property.
The recent budgetary proposals tabled by the Minister of Finance the Hon. Chris Sinckler, included a number of amendments to the land tax rates for all categories of properties. The amendments included a reduction in the residential value bands and an increase in the non-residential and unimproved land rates.
The six-year period leading up to the peak of the market in 2006 is widely regarded as a period of unprecedented growth in the Barbados market. This boom period saw compound annual growth in some market segments of 12% and staggering prices being achieved for property in some areas of the West Coast. The reality is that this growth cycle paled in comparison with the island’s first property boom, which occurred much earlier in our history.
Why do we publish The Red Book? The truth is that we think it is a showcase for our culture. Specifically our culture of knowledge. All firms have a DNA and ours certainly is a strong mix of knowledge, innovation, integrity, excellence, caring and fun. Let’s not forget fun. We like our clients, we like what we do, and we have a great deal of fun doing it – sometimes too much!
You are invited to an Open House at South View, this Saturday, February 7th from 10 a.m. - 2 p.m. This is your opportunity to get a guided tour of the development, including the individual land lots available for sale and the modern, well-designed South View 222!
The International Business and Financial Services sector contributes nearly US $500 million (BDS $1 billion) to the Barbados economy. The greatest portion of this spend does not emanate from direct taxes paid to the Barbados Government but from indirect spending in the Barbados economy. Real estate in particular, with earnings of just over US $15 million (BDS $30 million) in 2010 is one of the primary beneficiaries of this sector.
It’s easy to fall in love with Barbados – white sandy beaches, crystalline waters, a rich and captivating culture, warm, friendly people. Who can truly resist the lure of this beautiful island?
You may have thought you discovered all the reasons to love this alluring “Gem of the Caribbean Sea,” but we’ve got a few more to share.
Here are five more reasons to love this delightful island.
Valley View is the island’s newest neighbourhood. Located in Vaucluse, St. Thomas, adjacent to the desirable Countryside neighbourhood, the development features 37 architecturally styled and designed homes set in a cool, convenient location with gorgeous country views. This development is one of the most compelling offers on the market today! Here’s why:
Globally the residential markets continue to underwhelm with only a handful of markets demonstrating year on year price growth. A recent Business Week article appropriately characterised the sector as ‘limping into 2012.’ The Irish and Spanish markets continue to lead the underperforming category, while conversely the Canadian and French markets have experienced up to 5% inflation-adjusted YOY price growth. In addition to the obvious fundamentals, this growth is underpinned largely by a tighter supply and a considerably more sensible approach to underwriting residential mortgages.
The 36th annual Holetown Festival kicks off this weekend in celebration of 80 English Settlers that landed in 1627, sometime between February 17th and 20th. Each year the island marks this occasion with a week of festivities.
Back then accomodations would have been non-existant, but now as we all know, the areas surrounding Holetown boast some of the finest homes and communities in Barbados. Real estate on the West Coast of the island ranges from the modest Sunset Crest bungalow to the lavish Sandy Lane estate villas, with commercial buildings and beachfront apartments all available in the mix.
Check out the week's activities, and a short video on some Barbados property picks we think you might like.
Whether it’s your first real estate purchase or you are looking for a sound investment, for just under US $400,000 you can have your ideal Caribbean home. From beautiful finishes to excellent locations, our Barbados real estate suggestions are fresh and exciting
Terra Caribbean has strengthened its brokerage and advisory department expanding the range of services offered to clients. We are delighted to announce that Director of Brokerage and Advisory Services, Hayden Hutton, has become the first real estate professional in the island to be awarded the prestigious Certified Commercial Investment Member (CCIM) designation.
Historic Bridgetown and the nearby Garrison are the first areas to be nominated by the government of Barbados for inclusion on the World Heritage List of the United Nations Educational Scientific and Cultural Organisation (UNESCO). Many believe that should this bid be successful it will be a boon to our tourism industry. Supporters also believe it will ensure that these areas, so closely linked with our colonial history, are well preserved for future generations as development in Barbados continues.
Today marks the birthday of Barbados' only living national hero - Sir Garfield Sobers. Born 74 years ago, Sir Garry as he is widely known, is a cricketing legend heralded in the Caribbean and across the globe. Wherever people play cricket they know of Garry Sobers and we thank him for placing Barbados and the Caribbean on the map.
Have you driven through St. Philip recently? The island’s largest parish is a hub of housing activity!
Sol Rally Barbados is one of the premier annual sporting events in Barbados. This year, Terra Caribbean will sponsor the Mayers brothers - Roger and Barry in a BMW M3 during the May 29 and 30 event.