News From the Caribbean
Press release
16 Feb 2010
Barbados
Thompson cuts ribbon at official ceremony PRIME MINISTER David Thompson says that 54 new luxury Sapphire Condominiuns will be a boost for Barbados’ economy. Giving the feature address at the official opening ceremony of the Dover, Christ Church property, he said there would also be “a continuous flow of foreign exchange”. “The sale of these condominiums – to people mainly from the markets that we depend on for tourists and to Barbadian citizens as well, will lead to a significant injection and circulation of financial resources into the Barbadian economy. “And since many of the owners are willing to place rooms into the pool for short term rentals, there will be a continuous flow of foreign exchange into the country. Needless for me to say they will also create employment for Barbadians,” said Thompson.
Press release
15 Feb 2010
Barbados
Barbados Advocate - Business Monday THE Sapphire Beach Development cost approximately $50 million to build, and while they employed 300 Barbadians, sale of the units are expected to generate close to $85 million in foreign exchange. These numbers were revealed Friday night by Bjorn Bjerkhamn, one of the principals behind the project located at Dover, Christ Church. Speaking at the official opening ceremony for the 54 luxury units built on the site previously occupied by the Dover Convention Centre, Bjerkhamn said that practical completion sales have increased with the addition of over half a dozen units being sold. "This development is a strong contender in the international market," he told the ceremony attended by government officials headed by Prime Minister David Thompson, and many of those who partnered in the project. He said that they had chosen the opportunity to contribute to the local economy through the development of what was an unused facility.
Article
02 Feb 2010
Barbados
Escape to Barbados - land of sun, sand and royalty. By Anna Tyzack - Telegraph.co.uk Published: 4:10PM GMT 02 Feb 2010 Some of us sit around and complain about the miserable British weather, the recession, and falling house prices. Others make their way to Gatwick and fly to Barbados.
Article
28 Jan 2010
Barbados
On a recent trip to Barbados, Cathy Hawker speaks of her experience and how she sees the Barbados property market shaping up for the UK investor. Download the attached PDF for the full story, or visit Homes & Property via this link to see the whole issue: http://es.homesandproperty.co.uk/handp/media/Binder1_10021.
Newsletter
01 Jan 2010
Barbados
JANUARY 2010 Time for The Red Book
[
Download
]
American playwright Tennessee Williams once said, “Time is the longest distance between two places.” This time last year we were apprehensive about what 2009 held for us as the major economies of the world virtually crashed and burned. We were counseled that a flight to quality would leave Barbados in a relatively good position when the economic smoke cleared. The time has inched by and The Red Book 2010 reflects that the distance between economic chaos and normalcy is growing shorter, even if incrementally. In anticipation of The Red Book 2010, we take a look at the views of some of this year’s writers, business professionals with interests spanning real estate, construction, insurance, finance and history.
Newsletter
01 Jan 2010
Grenada
JANUARY 2010 What's new at Terra Caribbean Grenada?
[
Download
]
The bar has been raised at Terra Caribbean with new service lines now available to better serve our increasing clientele. We have relocated to a larger office as Terra’s family grew with the addition of key staff members and hence outgrown our previous home. Terra Caribbean Grenada is now located on the top floor of the Netherlands Building in Grand Anse, St. George.
Article
02 Dec 2009
Barbados
There have been so many great clichés knocked around in the last year that I thought I would start by listing my favorites. I am sure that they should be attributed to the authors but I know not who they are. “When the tide comes in all ships float.” “A great deal of intelligence can be invested in ignorance when the need for illusion is deep.” And my favorite: “When the wind blows strong you see who is wearing knickers.
Newsletter
01 Dec 2009
Trinidad & Tobago
DECEMBER 2009 Our View on Property Tax in T&T
[
Download
]
There has been much said about the proposed property tax system since the presentation of the fiscal budget by the Minister of Finance, and frankly I feel we have been obfuscated with commentary on this matter. My purpose is not to add my voice to the plethora, but to attempt to direct some thought towards the potential efficacy of a new tax regimen and its impact on the real estate market.
Newsletter
01 Nov 2009
Barbados