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Terra Caribbean - Blog

Top Tips for Living in Barbados

Posted on Tue April 13, 2021 | By Terra Caribbean Barbados
Top Tips for Living in Barbados
When considering a move to Barbados, there should be a lot of excitement. However, there should also be an understanding of what to anticipate as you proceed.

Price vs. Value

Posted on Sat March 27, 2021 | By Terra Caribbean Trinidad
Price vs. Value

Let’s get practical for a minute!

With all the conversation about price reductions in recent months and valuations in a pandemic year, most people have been using the words “price” and “value” interchangeably. What really is the difference between price and value? Furthermore, what determines both factors?

Common Mistakes When Buying a Home in Barbados

Posted on Tue March 23, 2021 | By Terra Luxury
Common Mistakes When Buying a Home in Barbados
Venturing into the land of property ownership in Barbados should be an exciting feat. It’s important to consider all factors before making a purchase.

Staging Your Home For Sale

Posted on Thu March 18, 2021 | By Sherma-Ann Roberts-Joseph

If you've missed Time with Terra Radio Edition, here's a recap! Here are 6 staging tips Sherma-Ann Roberts Joseph - Real Estate Agent- advises for property owners thinking of selling their home.

Going from Short-Term to Long-Term

Posted on Fri March 12, 2021 | By Emma Hutson, Real Estate Agent
Blogs Images   Going from Short Term to Long Term.png

What a whirlwind this last year has been! COVID erupted, sanitizer and face masks became the new norm and nearly everything was cancelled; including long awaited holidays to Barbados.

Q4 - Sales and Rentals Report

Posted on Tue March 09, 2021 | By Terra Caribbean
Out Now!
 
Q4 Sales & Rentals Report
Our brokerage agents Betty Cathrow and Emma Hutson have come together again to review the final quarter of 2020.

The Best Caribbean Islands To Invest in Real Estate

Posted on Tue March 09, 2021 | By Terra Caribbean
When looking to buy property and homes in the tropics, there are many specialized details to consider in order to find your perfect island oasis.

The Welcome Stamp Experience

Posted on Mon March 08, 2021 | By Annalisa Sealy, Real Estate Agent

Carolyn and Tyler like many others decided to accept the invitation of our Prime Minister Mia Mottley. They moved to Barbados on our Welcome Stamp visa for 1 year. When I asked them why they chose Barbados they said, “Barbados chose us!”  They both grew up in Seattle and then moved to Arizona and Las Vegas before moving to Barbados.  In speaking with them I was intrigued by how much they had learned about Barbados and the degree to which they had already embraced our culture.  I decided to ask them a few questions about their experiences in Barbados and especially how they adapted during our ‘Pause’.

Property Feature - Rodney Bay Commercial Building, St. Lucia

Posted on Thu March 04, 2021 | By Gilbert Fontenelle, Real Estate Agent
Rodney Bay Commercial Building Space

A commercial space with road visbility, accessibility and close proximity to Rodney Bay & IGY Marina.

Where is Commercial Real Estate Today?

Posted on Wed March 03, 2021 | By Lisa Coyle, Real Estate Agent
Where is Commercial Real Estate Today?

We can all agree that the Commercial Real Estate (CRE) sector has been one of the sectors affected the most in this Pandemic.  From the hotels, malls, multi-family buildings, offices, retail and such. However, let us step back a bit before the pandemic. Some of these sectors were already struggling. Each sector had different challenges however, this was a sign to look at different approaches to achieve a different result. As Albert Einstein was quoted saying, “Insanity is doing the same thing over and over again and expecting different results.

Traits Your Barbados Real Estate Agent Should Have

Posted on Mon March 01, 2021 | By Terra Caribbean
As you begin to venture into the buying of property or land, you need a trustworthy and knowledgeable professional to help you work out the details.

Property Trends We Did Not Expect for 2021

Posted on Wed February 24, 2021 | By Terra Caribbean Trinidad

Post lock down 2020, the Real Estate outlook for the rest of 2020 was dismal. With the phased reopening of Trinidad & Tobago in June 2020, many businesses contracted or closed their doors, leading to widespread job loss, diminished spending power and decreased economic activity. We were preparing for the worst.

However, in our May 2020 article, we highlighted a few drivers of the industry and how buyers may make their next property decisions. Nine months later, a closer look at the residential segment shows some concrete trends that have sustained through to 2021, that we did not anticipate.

A Guide To Selling Property in Barbados

Posted on Thu February 11, 2021 | By Terra Caribbean
If you own property in Barbados, then you already know how special it is. The difficult part is that the rest of the world isn’t up to date on the advantages of investing here. Following a guide to selling property in Barbados will help you portray your property in the best possible light to prospective buyers.

Are you thinking of Buying Land?

Posted on Thu January 28, 2021 | By Renee Charles

Buying land can be a lengthy process, however, we're here to help. As we know, this is one of the largest investments most people will make in their lifetime; therefore ensuring that you're making the right decision is key. 

If you've missed Time With Terra Radio Edition on Tuesday, here's a recap!This checklist from Renee Charles - Real Estate Agent - will help ensure you are on the right path to making your purchase is a success! 

The Renting Process in Barbados

Posted on Wed January 27, 2021 | By Terra Caribbean
Barbados is an ideal spot to regroup, reinvent, and soak up some sun. Especially with the Welcome Stamp offering a year’s stay, there’s a lot to value.
Barbados is an ideal spot to regroup, reinvent, and soak up some sun. Especially with the Welcome Stamp offering a year’s stay, there’s a lot to value.

How To Buy A House In Barbados

Posted on Fri January 08, 2021 | By Terra Caribbean
When it comes to making a sound investment in a tropical and paradisiac location, there is much to consider. Read on to understand the housing market value!  

 

Tips for How To Buy Land in Barbados

Posted on Thu December 17, 2020 | By Terra Caribbean

When it comes to up-and-coming areas to acquire beautiful pieces of acreage or homes, Barbados is the perfect spot. With clear waters, consistently gorgeous weather, and an increase in tourism, this island has everything you need to establish a paradisal lifestyle. Being mindful of these tips for how to buy land in Barbados will surely expedite your process of obtaining prime tropical property.

Reasons To Invest in Real Estate in Barbados

Posted on Thu December 03, 2020 | By Terra Caribbean
Reasons To Invest in Real Estate in Barbados

When looking into real estate ventures, it can be difficult to predict up-and-coming locations. Read on to find your next tropical home destination!

 

 

The Welcome Stamp

Posted on Wed November 25, 2020 | By Terra Caribbean

BARBADOS WELCOME STAMP INSIGHTS

The Welcome Stamp was the first digital nomad visa offering qualified individuals and families the opportunity to live and work in Barbados for up to 12 months.

Real Property & Adverse Possession

Posted on Thu November 19, 2020 | By Lisanne Graham , Leader - Advisory Services
Structures at Rock Hall, St. Philip

"Title" as it relates to land, refers to the legal right or interest in a piece of property. This interest can be either freehold (an interest in the property with no stated end) or leasehold (an interest with a stated end known as a "term of years"). These interests give an owner the right to hold, occupy and use the land to his or her benefit. 

Grenada Real Estate Sales Market (Quarter 1 to Quarter 3, 2020)

Posted on Mon November 02, 2020 | By Kareem Adams & Livonne Charles

We have broken down the real estate sales market for Grenada for Q1 - Q3 of 2020 and made comparisons with 2019 sales within the same period to examine the total number and value of sale transactions, sales performance by parish and by prime residential neighborhoods. We have also reviewed number and value of sales by property types and classifications.

Click Here to view full report.

Moving Back to Grenada to Live. What should you know about Real Estate in Grenada.

Posted on Thu October 15, 2020 | By Livonne Charles

Many Grenadians living in the diaspora have intentions of moving back to Grenada and, given the current unusual circumstances, many are even more desirous of coming back home sooner than later. After all, there's no place like home. 

Real Estate Wins from TT Budget 2020

Posted on Mon October 12, 2020 | By Richard Trestrail
Real Estate Wins for T&T Budget 2020

Every year, the population waits anxiously to hear if taxes will increase, the price of food or gas will skyrocket, or the general cost of living will climb. This year was a different one; waiting amid a pandemic, on how the Budget for the next fiscal year would stimulate the suffocating economy. While we have seen continued activity in the residential segment post-lockdown, the Real Estate sector did contract this year. However, we are hopeful that the concessions and tax exemptions across Housing, Construction and Real Estate will jumpstart the sector for the next fiscal year.

Property Spotlight - Maranatha

Posted on Thu October 01, 2020 | By Terra Caribbean

Spacious, Maranatha is a lovely open-plan home in Durants. Perfect for entertaining.

Buyer Behaviour in 2020

Posted on Fri September 25, 2020 | By Terra Caribbean Trinidad
Buyer Behaviour in 2020 2

After many surveys searching for the effect of the pandemic on Work from Home trends, the market outlook, and the real estate sector, we decided to look internally at our post lockdown closed transactions. With nine months of the year effectively gone and the COVID-19 pandemic still an active threat to our economy, we decided to get to the root of buyers’ behaviour at this time to differentiate between normal demand and pandemic demand. Additionally, while the commercial real estate market has seen a downturn, the residential market remained buoyant.

After a quick analysis, we discovered that while 50% of our post lockdown closed transactions (both sales and rentals) were normal demand, the other 50% were decisions, directly or indirectly, influenced by the current situation.

Welcome to Barbados!

Posted on Thu September 17, 2020 | By Annalisa Sealy, Real Estate Agent

Our Welcome Stamp has answered the call for many people who are willing to take advantage of our ‘Work from Home’ initiative. 

Work From Barbados

Posted on Wed September 09, 2020 | By Terra Caribbean

FIND YOUR ON-ISLAND HOME OFFICE

Looking to relocate to Barbados? With the introduction of the 12 Month Barbados Welcome Stamp, you can work remotely for up to a year in one of our properties. Choose from a wide selection of villas, houses, apartments, and townhouses across the island.

Visit our bespoke website: www.welcomestampbarbados.com

The Need for Better Priced Property

Posted on Fri September 04, 2020 | By Omar Watson, Real Estate Agent



Can a blog title be any more self-explanatory? First let me declare this won’t be a long-winded deposition on the need for owners to reduce the price on their properties for sale to encourage potential buyers but more a less than subtle recommendation for more value fit sale options. 

12 Month Barbados Welcome Stamp

Posted on Fri August 28, 2020 | By Terra Caribbean

A reputable leader in the market and experts in Barbados long-term rentals, The Terra Group, comprising of Terra Caribbean, Terra Luxury, and Blue Sky Luxury have launched a comprehensive relocation guide suited to non-nationals looking to work remotely for up to a year on island.

How You Can Take Advantage Of The 12 Month Stamp As An Owner

Posted on Thu August 27, 2020 | By Rosey McCartney, Real Estate Agent



Who would have thought that after we were under lockdown conditions during COVID and the world was at a standstill that the Barbadian residential rental market would not only pick back up but propel itself past anyone’s expectations? 

Rethinking The Office

Posted on Thu August 27, 2020 | By Terra Caribbean

WFH SLU

Over the years, there has been a growing global trend towards the Working From Home (WFH) concept. However, to date this trend has not been widely embraced in St. Lucia or the wider Caribbean. Due to Covid-19, at the end of March, 2020 with little to no notice, companies were all thrust into having to mobilize their teams to work remotely. With the phased reopening of Caribbean economies in June, we thought it would be interesting to have a greater understanding of people’s attitudes towards WFH. As such, over 500 office workers were surveyed across the region - Barbados, Grenada, St. Lucia and Trinidad.

How has Covid-19 affected the real estate market so far?

Posted on Wed August 26, 2020 | By Renee Charles

How has Covid-19 affected the real estate market so far?

The number one question that real estate agents get “how is the market?” has suddenly become a very loaded question. “Corona Virus”, “Covid-19” and “Covid” has left us all startled, like a deer in headlights wondering what the heck has happened and what the next best step is, not only for our businesses but for our personal lives. How do we navigate this without any semblance of a guide book and no one to turn to for advice? My answer to this, is to pay close attention to the changes occurring in our market and also aim to understand how changes in regional and international markets can/will affect our local market, plus that is what Terra Caribbean is here for!!

Let’s start by looking at the changes that have already begun in Grenada’s market.

Rethinking The Office

Posted on Tue August 04, 2020 | By Terra Caribbean Trinidad
Rethinking The Office, Trinidad

During the Corona Virus (COVID-19) pandemic of early 2020, Trinidad and Tobago was placed on a stay at home order for April and May 2020. Consequently, all businesses except for essential services either closed for the duration of two months or had their staff work remotely. Across the Caribbean, other countries were faced with similar stay at home orders for the months of April and May 2020. With the phased reopening of most countries in June 2020, staff has expressed their willingness to continue working from home.

Therefore, in an effort to understand how working remotely has changed attitudes of office employees, the Terra Caribbean Group built and circulated an attitudes survey to their host countries; Barbados, Grenada, St. Lucia and Trinidad & Tobago.

Click here to view the full report.

Property Feature - Grand View Cliffs 38

Posted on Thu July 30, 2020 | By Terra Caribbean

GRAND VIEW CLIFFS 38

A fantastic 3 bedroom family home offering one of the best views on the island.

RE-THINKING THE OFFICE

Posted on Thu July 30, 2020 | By Terra Caribbean Grenada

Having been put on mandatory lockdown with strict curfews in March, businesses were faced with two options, work from Home (WFM) or not at all. In some cases the work from home option was not a viable alternative which significantly affected the productivity of those businesses. For others, working from home provided new opportunities for efficiency and productivity. Even for those companies however, the opportunities were accompanied by relevant challenges, lack of  technical preparedness and family disruptions being the main problems. To understand people’s attitudes toward WFM versus working in an office, the Terra Caribbean group surveyed over 500 office workers across Grenada, Barbados, Trinidad & St. Lucia. 

 

Click Here for a more in-depth look at the report. 

The Re-Launch of Primo Bar & Bistro

Posted on Mon July 20, 2020 | By Betty Cathrow, Real Estate Agent

Primo Bistro & Bar reopened this month under new ownership with a fresh vibe.  Set in an iconic location on the ocean’s edge in the calm bay of St. Lawrence Gap, this location has been featured in more magazines and tourist travel blogs than anyone can count.  The combination of serene sea views, delicious and affordable menu, and friendly staff make this new restaurant ideal for casual dining or tapas & cocktails.

Our New Virtual Reality

Posted on Fri July 17, 2020 | By Annalisa Sealy, Real Estate Agent

On March 28th 2020 we were all given the mandate to stay at home. Many businesses closed their physical doors and opened for business virtually.

ARE THERE DEALS?

Posted on Thu July 16, 2020 | By Leila Maria La Touche

Re-Thinking The Office

Posted on Wed July 08, 2020 | By Terra Caribbean

Rethinking The Office

In June with most of the Caribbean economies reopening for business, we surveyed over 500 office workers across Barbados, Grenada, St. Lucia and Trinidad to better understand attitudes towards Working From Home (WFH).

Property Feature - Mariposa

Posted on Fri July 03, 2020 | By Terra Caribbean

Modernly finished, Mariposa is a well-designed house in a peaceful neighbourhood offering a large pool and mature gardens. Sitting on an elevated position in a quiet cul-de-sac the property is just walking distance from Gibbes Beach.

Water Zones & Development - Tomorrow

Posted on Fri June 26, 2020 | By Lisanne Graham , Leader - Advisory

 

In our last blog, we looked at what the current water zones are across the island, and the restrictions in development as outlined in the Barbados Physical Development Plan (Amended) 2003. The Draft 2017 Physical Development Plan, outlines an update to the Groundwater Protection Act to reflect a refined approach to defining Groundwater Protection Areas and the delineation of new zones of protection.

Tips On Getting A Mortgage

Posted on Tue June 16, 2020 | By Huanna Leon, Real Estate Agent

Our agent, Huanna Leon, shares some tips on getting a mortgage!

Can I still buy?

Posted on Tue June 16, 2020 | By Emma Huston , Real Estate Agent

 CAN YOU STILL BUY PROPERTY?

YES!! We haven’t stopped working for you – we have been working remotely and now are back in the office. We have had to adapt to the new norm but we are excited to still be working with you. Email us, call us or check out our social media pages!

Summer 2020

Posted on Thu June 11, 2020 | By Karyn Fakoory , Real Estate Agent

 

Let’s vacation in paradise – let’s stay home.

Diving into the rental realm during COVID-19

Posted on Thu June 04, 2020 | By Rosey McCartney , Real Estate Agent

How do we breach the conversation on rental rates with our current landlords and tenants?

How has COVID-19 affected Real Estate trends in T&T?

Posted on Fri May 29, 2020 | By Jean-Paul de Meillac

One of the biggest questions we face recently, as a real estate firm is the effect of the two month lock down on the real estate market and how business and prices may change within this new normal. While no one can predict the future of Real Estate in Trinidad and Tobago given this lock down, we have seen unique patterns appear through our data. 

Hunker down in Barbados

Posted on Tue May 26, 2020 | By Annalisa Sealy , Real Estate Agent

Hunker Down In Barbados

We have all experienced a very interesting period of our existence over the last few months, where we were all required to take residence in our homes for our own protection. As the airlines canceled flights and borders began to close many visitors made a last-minute attempt to cancel their vacation plans to be safe in their own countries of residence.  However, a few choose to ride out the lockdown period here with us in Barbados!

The Hospitality Industry of the Future

Posted on Wed May 20, 2020 | By Lisanne Graham , Leader, Advisory Services

THE HOSPITALITY INDUSTRY

The Hotel School, Cornell SC Johnson College of Business held a webinar with US industry experts to discuss the current state of the hospitality industry and what the future might look like. While the North American and Caribbean Markets differ in their offerings and customer base, Lisanne our Leader of Advisory highlights 5 key takeaways which are also relevant to the Caribbean region.

Factors That Affect Residential Property Values

Posted on Wed May 20, 2020 | By Marissa Justin, Valuer

When it comes to buying or selling a home, there are a few factors that one should always take into consideration as it relates to pricing. The buyer wants a great deal and the seller wants as much as they can get for their property. In the end, both should feel that they got a good and fair deal. To help you (whether you are the buyer or seller or both) make informed decisions and have a realistic approach to the potential current value of a home, we have highlighted some basic characteristics that affect the value of properties.

After The Storm

Posted on Thu May 14, 2020 | By Lisanne Graham , Advisory Services

After The Storm

The COVID 19 global pandemic has had a profound impact on the business environment giving rise to unprecedented consequences. The Prime Minister announced a phased reopening of certain businesses from May 4, but we cannot yet determine when our economy will fully emerge from this crisis, particularly as Barbados still has a few active COVID-19 cases. To successfully navigate the “new normal” will require business leaders to consider a number of things.

Rent Negotiations

Posted on Tue May 12, 2020 | By Leila Maria La Touche
Maria's Blog Post Image

During these challenging and uncertain “covidious” times landlord and tenant negotiations have been at the forefront of many conversations in both the commercial and residential contexts. The reality is at the core of this conversation and negotiation is that these relationships are controlled by landlord and tenant law but flexibility on the part of both landlords and tenants is key to achieving an optimal outcome. Having to wear both hats during this time as well as act as a mediator or middle man in some instances has provided a unique and informed perspective as it relates to the various ways these negotiations can proceed.

Agricultural Lands in Real Estate in Grenada

Posted on Mon May 11, 2020 | By Livonne Charles

As the real estate industry is impacted by the current crisis, and with other sectors of the economy continuing to struggle, several people are starting to pay attention to sustainability, diversity, food security and products we can export. We can all point fingers at who is responsible and what should have been done in the past to boost agriculture, but ‘Hindsight is 20/20’. This simply means that it's easy to know the right thing to do after something has happened. This blog post is not to put blame on anyone; frankly, we should aim to move forward by developing proper plans and solutions.

Water Zones & Development - Today

Posted on Thu May 07, 2020 | By Lisanne Graham , Leader - Advisory Services

Water Zones & Development

Water is vital to everyday living and we are constantly advised to do our best not to pollute our water sources, and ensure we drink as much as we can. But did you also know that water can significantly impact where you can build? Did you know that Barbados has been classified by the UN as the 15th most water-scarce country in the World, or that the majority of water-scarce nations on the UN list are located in the Middle East and the Caribbean? 

How has COVID 19 affected the Real Estate Market so far?

Posted on Thu April 23, 2020 | By Lisa Coyle, Real Estate Agent

How has Covid 19 affected Real Estate?

In a market that has no “playbook”, no “SOP” on how to handle this type of situation, how do you advise your clients?

Property Feature -The Palisades 4A

Posted on Thu April 16, 2020 | By Terra Caribbean

Located on the south coast of the island, just steps away from Freight’s Bay you’ll find The Palisades. An intimate townhouse community surrounded by several amenities. 

Greetings From My Desk

Posted on Wed April 08, 2020 | By Susan Armfield

 Home Office

It’s day 5 of the 24-hr curfew and I feel as though the world is now rotating at a quarter of her normal speed and the stillness all around asks “is creation is holding its breath."

Property Feature - Fairway Gardens 73

Posted on Wed April 01, 2020 | By Terra Caribbean

Tucked away within the quiet neighbourhood of Fairway Gardens, this attractive home is within walking distance to Accra beach and features two apartments which have been recently upgraded. The property can either be used as two separate apartments or as a single dwelling as an internal staircase joins the ground and first floor.

Factors to Consider When Buying Land to Build your Home

Posted on Wed April 01, 2020 | By Livonne Charles

Finding your dream home isn’t easy. Everyone has particular tastes and preferences, so you may not find your dream home already on the market for sale. If you want to have your dream home, you will have to build it, like many others have done. This means you have to first find the land; that is, if you’re not lucky enough to have inherited some.

Working from home: How I changed my woes into wins!

Posted on Fri March 27, 2020 | By Andrea Barry
Working from home

Given the current COVID-19 pandemic that has swept across the world and touched down in our sister isle of T&T in the last couple weeks, working from home is no longer the exception but the rule. In the past, as a Terra Caribbean agent, we’ve always had the option to either work via remote access or come into the office and use the space there.

But with current conditions, we were strongly advised to stay home to do our part in flattening the curve. I could use some curve flattening! I welcomed the nearly mandatory work from home directive and thought, this should be fine, a walk in the park. But a week and a half in, this proved not to be exactly so. Here’s how I changed 5 woes into wins that may change my office life forever.

What's Happening in St. Philip

Posted on Fri March 20, 2020 | By Annalisa Sealy, Real Estate Agent

The Parish of St. Philip or "St. Farlip" as it is affectionately known is the largest and most easterly parish in Barbados. Its main hub is known as Six Roads. This unique hub received its name because six roads extend from the roundabout, making it an easy connection point to Christ Church, St. George and St. John.  Six Roads is a hive of activity offering many amenities such as restaurants, a gas station, a school, Emerald City shopping complex which includes a large supermarket, bank, credit union, post office and a few retail stores. 

Property Tax Valuation

Posted on Wed March 11, 2020 | By Lisanne Graham, Leader - Advisory Services

It’s that time of year again, and I don’t mean Christmas! Land tax bills will soon be issued, and the 2020-2021 year is a revaluation year. What this means, is that the Barbados Revenue Authority (BRA), will have completed their triennial revaluation process and while only the tax rates changed last year, the assessed site value (for vacant properties) or improved value (for built properties), may change on the land tax bills for this year resulting in an increase in tax due. 

Don't do your own Valuation! Here's 5 reasons why.

Posted on Fri March 06, 2020 | By Ross Darlington
Don't do your own Valuation

Your family home, your prized possession, your piece of heaven that may have taken years to complete; but now, for one reason or another, your humble abode is up for sale. Most people have an idea of what their home is worth, however it’s easy for that financial investment to turn into a sentimental dollar value that may differ from what’s actually obtainable on the market. Therefore, before you list your dream home with a wish price, it’s best to consult with a professional who may know a thing or two about the market to advise on the value of your home.

Welcome To Marigot Bay, St. Lucia

Posted on Tue March 03, 2020 | By Gilbert Fontenelle, Real Estate Agent

Newsletter 04
Like many a sailor in years past, here is your opportunity to “discover” Marigot Bay, a picturesque waterside community on our west coast, between the city of Castries and the town of Soufriere. It has been described by the prolific American novelist James A. Michener as “The Most Beautiful Bay in the Caribbean". Marigot Bay holds a certain allure that is unique in the world, with a mixture of lush green mountains, turquoise reefs and beaches, and a choice of varied accommodations.

We Gatherin' Barbados 2020

Posted on Mon March 02, 2020 | By Terra Caribbean

2020 will be one to remember as we launch a year-long campaign celebrating our island, culture and values. Our Prime Minister, the Right Honourable Mia Amor Mottley, Q.C.M.P announced her vision for the all-inclusive Barbadian homecoming last year at the nation’s Independence Day Parade. Inviting all Barbadians, and even those who just adore Barbados to return home and come together participating in activities and rebuilding the nation’s sense of community.

2019 Year in Review

Posted on Wed February 19, 2020 | By Betty Cathrow, Real Estate Agent

I feel like I just witnessed the close of 2019 and yet here I am galloping towards the end of February already. This year has opened with a feeling of optimism. The team is exceptionally busy and we sense a shift in the market. As always, my analytical side wants to know what do the numbers say? Is that gut feeling that things are improving right?

Why List with Terra Caribbean?

Posted on Fri February 14, 2020 | By Omar Watson, Real Estate Agent

Why should you list with Terra Caribbean; a shorter blog would be Why WOULDN’T you list with Terra Caribbean. From an internal perspective knowing what we know of ourselves and others in the market the list of benefits and advantages go on almost indefinitely but for the purpose of this blog and to make sure I do not drag on losing you, the reader, in the melee of proven facts with biased opinion as the icing I will stick to just the Top 3 reasons for consideration.

Insurance Valuations vs. Market Valuations

Posted on Thu February 06, 2020 | By Liam Manning, Real Estate Valuer

 

Key to the approach of any property valuation is to first obtain a clear understanding of the intended use for the report being requested. This is important as the use of the report guides the Valuer in determining which approach(es) should be performed and relied upon when concluding an opinion of value. Most times, a current market value is required, but there are times when a value is requested for other purposes such as obtaining and/or renewing the insurance on a property. The differences between a market value report and an insurance value report are explored below.

 

 

Real Estate/FBI agent

Posted on Tue January 28, 2020 | By Rosey McCartney, Rental Agent

“What do you mean he’s dead?”  I blurted out with the most dumbfounded look on my face.

“Sweet girl, he has been dead for more than 10 years, but his grandson lives in the green chattel house down the gap by the corner that has the empty lot with the black belly sheep”. I sighed and thanked the elderly man but knew that this wild goose chase seemed far from over. Let me explain…

Before You Get A Valuation

Posted on Fri January 24, 2020 | By Lisanne Graham, Leader - Advisory Services

You’ve found your dream property, or parcel of land with spectacular views and now have to source the funds to pay for it. Your Bank advised that you need to get a Market Valuation Report to support your lending application and after deep thought you’ve selected a Valuer from the approved list… so what’s next? After formally engaging the Valuer and arranging for them to get access to the property, providing the following information is very helpful and can reduce the time taken to complete the report and get you a step closer to moving in.

Tips for sprucing up your Home

Posted on Fri January 17, 2020 | By Annalisa Sealy, Real Estate Agent

Every year, we clean our homes from top to bottom, change curtains and purchase new appliances and furniture, so how can we use these Christmas preparations or our Bajan ‘spring cleaning’ as a way of maintaining our homes yearly?

What is Short, Mid and Long-term Rental?

Posted on Mon January 06, 2020 | By Susan Armfield, Real Estate Agent

When it comes to residential property, what do short, mid and long-term rentals mean and how do they impact rental rates?

Advisory Services - What We Can Do For You

Posted on Tue December 17, 2019 | By Lisanne Graham, Leader - Advisory Services

Property Transactions can be stressful and one of the biggest decisions of your life. If you are looking to buy, sell or lease - whether a residential house or apartment, commercial office, warehouse or retail store - we can help!

Corbyn or the Caribbean?

Posted on Tue December 10, 2019 | By Emma Hutson, Real Estate Agent

Corbyn or the Caribbean? And by Caribbean, I mean Barbados!

With the threat of Corbyn becoming the new Prime Minister for the UK, you may be looking to move assets overseas.

Our Social Experiment

Posted on Fri November 29, 2019 | By Monique Aleong

Our

As we live in the digital age, social media is necessary. Hence, our marketing team dared the entire company to a 10 day social media challenge to encourage the team to make social media a social habit. As Real Estate agents, we're constantly encouraged to use social media to network with our circles as well as advertise ourselves. 

Monique Aleong, Terra agent and social media newbie gives us her take on how she handled this challenge!

The Estates at St. George

Posted on Tue November 26, 2019 | By Andrea Chase, Real Estate Agent

 

 the estate view

If we were to mention the ‘R’ word 10 years ago, most Barbadians would have run for cover.  The thought of retirement (the ‘R’ word) was associated with being on your death bed.  Ten years later and with increased knowledge of life balance and living a more active and healthier lifestyle, the thought of retirement has become a lot more palatable.

Facility Management & Real Estate

Posted on Tue November 26, 2019 | By Dominique Harris, Project Coordinator

Before making my recent transition to Real Estate, I worked as a Facility Manager for eight years. I wondered how my prior experience would benefit my clients, and happy to say I’ve been pleasantly surprised!

Brick by Brick

Posted on Thu November 21, 2019 | By Emma Hutson, Real Estate Agent

You’re buying land to build your dream home… Sounds awesome! But do you know what percentage you can build on or what some of the ‘foreign’ language means? Have I lost you? Keep reading…

What's selling in T&T?

Posted on Tue November 19, 2019 | By Terra Caribbean Trinidad

What's selling in T&T?

In our first edition of The Red Book Trinidad & Tobago 2019, we highlighted in our Residential Sale Insights that demand in the middle to lower Residential Sale segment remained stable over the period 2014 to 2018, while the high-end property segment decreased during the same period.

As we near the end of 2019, we asked the same question “What’s selling this year in T&T?” A closer look at the Residential Sale segment for the first 10 months of this year showed a similar trend in composition and price ranges of residential sales so far.

Why Agents Price the Way They Do

Posted on Wed November 13, 2019 | By Emma Hutson, Real Estate Agent

You call me - your go-to agent at Terra Caribbean - and explain that you’re thinking about listing your property for sale. Eeek! This is an exciting time for you as you anticipate my guided opinion on pricing.

The Roller Coaster of Real Estate

Posted on Thu November 07, 2019 | By Laura Rotchell, Real Estate Agent

Purchasing a home can be exciting yet daunting for most. As agents our ideal is to ensure that wonderous feeling of excitement remains throughout the process, regardless of the hurdles we are sure to encounter along the way - trust me there are always hurdles or as the title would have it loops and turns.

How Can I Become an Agent?

Posted on Wed October 30, 2019 | By Lisa Coyle, Real Estate Agent

When someone asks and they do quite often, I pause and think do they really wish to know the truth the whole truth and nothing but the truth?

You Moved In...Now What?

Posted on Tue October 22, 2019 | By Rosey McCartney, Real Estate Agent

This one goes out especially to my millennial allies who left the fort or to those who are thinking about it… have a read, this might be a useful one for you!

Facility Manager - Project Manager

Posted on Mon October 14, 2019 | By Chris Milward

Facility

Why your facility manager could also be (or perhaps should be) your next project manager.

The Villages at Coverley THEN and NOW

Posted on Wed October 02, 2019 | By Lisa Coyle

Visionary: - “thinking about or planning the future with imagination or wisdom”

As a realtor I am excited to hear about new projects, I get the opportunity to offer a vision and promise from the developers to interested buyers and eagerly watch as the developers vision morphs from the planning stage into bricks and mortar.

It's Buying Season!

Posted on Fri September 27, 2019 | By Gemma Harrysingh

Buying Season

For first time homeowners, waiting for the right time to buy can be a lesson in patience. Between shopping for the best mortgage rates, scanning social media for affordable homes in the right location and getting all your ducks in a row, the entire task can take a while. But during this buying season before the Christmas holidays, we normally see quick sales occurring and an increase in property transactions. As the old saying goes “strike while the iron is hot.” As real estate agents interacting and transacting with the market every day, we can safely say, now is the time to buy.

Where Digitization and Real Estate Intersect

Posted on Thu September 19, 2019 | By Omar Watson

digitisation

Recently started work with Terra Caribbean, Barbados’ leading Real Estate institution, and being a Business Development professional I am always keen on looking to see where old processes can be refreshed and new ideas injected. Little did I know, and I must say was pleasantly surprised to find out, Real Estate is very much at the forefront of commercial digitization. Who would think that one of the world’s oldest industries would overtake some of the newest industries in the adoption of digitization? In a culture and economy where even our leading financial institutions are playing catch up, Real Estate has already capitalized and is positioned to continue to capitalize on this revolution.

A Review of Real Estate Sales Performance for the 1st Half of 2019

Posted on Wed September 11, 2019 | By Betty Cathrow

graph 11111

People often ask me how the market is performing. Rather than sharing how I think the market is performing, I prefer to share the facts. In this month’s market report, I seek to answer the questions – “Is demand for real estate increasing?”, “Where is the highest demand?” and “What are some of the key trends?”

You made an Offer now what?

Posted on Thu September 05, 2019 | By Annalisa Sealey

Now What 2

You have found your dream home or plot of land and have advised your agent of the amount you wish to offer. What happens next...? 

Let's Talk About Grand Anse

Posted on Fri August 16, 2019 | By Livonne Charles

Every year for Grenada’s carnival there must be one song that is a hip trend. For 2019 we have the song from Khalifah and Melo ‘Grand Anse, Grand Anse’. To most people the song is catchy and hilarious. In real estate terms ‘Grand Anse, Grand Anse’ is also trending as we see more and more companies in the city, St. George’s, move their offices to or open additional offices in the sub city Grand Anse.

Leasing a commercial space? - Here's what you need to know

Posted on Mon August 12, 2019 | By Dominique Harris

commercial aerial 

If you are interested in leasing commercial space, here’s a smidgen of information to get you started. 

 

Thinking of flying the nest?

Posted on Wed July 31, 2019 | By Emma Hutson

keys

There’s a time in everyone’s life when they take the next step and move out of their home. Are you ready? Here are some aspects you need to consider…

A Review of the Residential Long-Term Rentals Market for 1st Half of 2019

Posted on Thu July 25, 2019 | By Betty Cathrow

graph 1

We are now past the half-year mark for 2019. How did that happen so fast?  I wanted to take a moment to reflect on the last 6-months and share some insights into the residential long-term rental market so far for the year.

The Red Book Trinidad & Tobago 2019 is here!

Posted on Fri July 19, 2019 | By Terra Caribbean Trinidad

We've Launched!

Terra Caribbean Trinidad is proud to launch their first edition of The Red Book Trinidad & Tobago! This launch coincides with the company’s 20 year celebration in Trinidad and 20 years of Knowledge, Experience and Regional Reach.

Borne out of the knowledge culture of the Terra Caribbean Group, the Red Book is a reference guide in each territory of Terra Caribbean - Barbados, Grenada and St. Lucia. As such, Trinidad & Tobago’s first edition includes salient articles and insights on the current property market of T&T in its 128 pages and is the first real estate specific publication of its kind in the country.

Experience Barbados’ Most Popular Season!

Posted on Wed July 10, 2019 | By Terra Caribbean

crop over day

Crop Over is truly sweet fuh days!

For two months - from June to the first week in August - Barbados is the most magical, energetic and friendly place you will ever visit. 

I Lost... But I Learnt

Posted on Thu July 04, 2019 | By Emma Hutson

  

I lost. It’s hard for me to admit that, let alone write an article about it. I’m competitive by nature and I have channeled that through my love for sport and my work. I seek the thrill and adrenaline; challenge excites me, and complacency is boring. Enabling client satisfaction and achieving a new milestone for them, keeps me focused and driven. So, as you can see, I don’t like to fail.

Terra Heart 2019

Posted on Wed June 26, 2019

Terra Heart is a campaign geared towards giving back (whether through voluntary assistance, monetary donations, etc.) to the community. To commence this year’s Terra Heart, we focused on ‘Education.’ 

Click here to view.

The Estates at St George

Posted on Thu June 20, 2019 | By Terra Caribbean

THE ESTATES ENTRANCEW 

The Estates at St. George offers the chance to live life independently in an elegantly appointed apartment situated inside a secure gated community. Surrounded by a wealth of amenities, life at the Estates promises to be active and indulgent.  

Discover St. Philip

Posted on Sun June 16, 2019 | By Sue Armfield

 

THE CRANE BEACH VIEW 

Learn more about life in the parish of St.Philip through the eyes and expertise of our agent Sue Armfield. 

Terra Tip Clip

Posted on Fri June 14, 2019

 

It is our pleasure to welcome you all to the first of many Terra Tip Clips. This series will be dedicated to providing informative and essential tips in the world of real estate.
Click here to view the first episode.

 

 

 

Why Choose Terra Caribbean?

Posted on Thu June 13, 2019 | By Terra Caribbean Trinidad

Jean-Paul de Meillac blog pic

Most people think of Terra Caribbean as just a commercial real estate brokerage firm but we actually do so much more than that. For almost 20 years now, Terra Caribbean Trinidad has facilitated the rental and sale of both commercial and residential properties throughout the country. So why choose Terra Caribbean? Our CEO, Jean-Paul de Meillac tells you why in this episode of Be in the Know! with Terra Caribbean Trinidad. Enjoy!

Land Tax Changes - In Full Effect

Posted on Fri June 07, 2019 | By Terra Caribbean

 taxes

Land tax bills for the 2019-2020 period have now been issued with the implementation of the new rates proposed by the Prime Minister in her March 2019 budget speech. While improved values may not have changed, the tax due may have increased as a result of the change in rates.

Should I Buy or Build my home?

Posted on Wed June 05, 2019 | By Annalisa Sealy

buy or build

Are you ready to invest in your own little piece of the rock? Our agent, Annalisa Sealy hopes to make the decision of whether to buy or build easier by shedding some light on a few first-timer concerns. 

The Red Book Grenada 2019

Posted on Mon June 03, 2019

Terra Caribbean Grenada, the most well-established real estate provider in Grenada, released its second biennial edition of The Red Book on June 3rd, 2019. This well-received and highly anticipated publication, first published by Terra Caribbean Barbados in 2008, is a comprehensive review of the real estate market, filled with insightful articles for guiding and assisting clients in making informed decisions. The Red Book Grenada 2019 successfully highlights the various real estate infrastructures and opportunities that the Isle of Spice has to offer. Once again, the publication is filled with a variety of property listings including those in Prime Locations, Grenadian Classics, Developments, Vacant Land, and Commercial Sales and Rentals.

Christ Church

Posted on Tue May 21, 2019 | By Emma Hutson

 gone to the beach sap

 Why live in Christ Church? Why wouldn’t you? Christ Church is the parish that has everything! It could be nicknamed the parish that never sleeps as there is always something going on.

Lets Go Green & Save

Posted on Wed May 08, 2019 | By Lisa Coyle

go green with Lisa

Join our agent Lisa Coyle as she pledges to enact easy at home "going green" steps. 

Month End Wrap Up

Posted on Mon May 06, 2019 | By Rachel Edwards

rented beach]

 Our Sales Manager, Rachel Edwards gives you a brief overview of what the month of April looked like for her. 

Terra Caribbean Releases 12th Edition of The Red Book®

Posted on Wed April 24, 2019 | By Terra Caribbean

BLOG RED BOOK IMAGE

Terra Caribbean’s highly anticipated Red Book is filled with insightful, well researched and written pieces from some of the industry’s most reputable practitioners and experts.

The 140-page real estate reference guide is brimming with must-read articles on industry predictions, trends, analyses, along with advice for the investor, homeowner, developer, purchaser, vendor, and even the mere trend watcher.

Oistins for Easter!

Posted on Fri April 12, 2019 | By Terra Caribbean

The southern coast of the island is abuzz with preparation as the 42nd annual Oistins Fish Festival gets ready to kick into high gear. The festival, which predates many Barbadians, first took place in 1977 as a joint effort by the leaders of community groups in the Christ Church area. 

Proposed Land Tax Changes

Posted on Mon April 08, 2019 | By Lisanne Graham

Our Leader of Advisory, Lisanne Graham weighs in on the heavily discussed topic, Land Tax. Read more to find out how these newly proposed implications may impact you.

“I DO”… now what do I do if I want to sell?

Posted on Thu April 04, 2019 | By Betty Cathrow

Betty 5

 In this weeks' edition of "Agent Facts", our Real Estate Agent Betty Cathrow provides the answer to a question she is frequently faced with - “What do I do if I bought a property before I was married, and now want to sell it, but have changed my name?” 

 

Buying or bought a piece of land/property?

Posted on Thu February 14, 2019 | By Andrea Chase

Andrea

Often times when purchasing land or property, there are covenants which are attached to the said land or property.  Covenants are binding legal obligations which are set out in the deed of a property by the vendor. They govern how the land or property can be used. 

What's on your wish list?

Posted on Thu February 14, 2019 | By Terra Caribbean Trinidad

Many people think they KNOW what they want when buying a home… until it’s actually time to decide. What's on your wish list? Let our agent Andrea Barry help you determine what you want in this episode of Be in the Know! with Terra Caribbean Trinidad.

Stay tuned for more Be in the Know!

All Aboard at St. Nicholas Abbey

Posted on Wed February 06, 2019 | By Terra Caribbean

TRAIN

Nestled almost perfectly north-north east along the island’s Atlantic coast, St. Nicholas Abbey has recently heralded some exciting news that has noticeably boosted its ‘must-see’ status.

A Real Estate Minute - Episode 4

Posted on Thu January 31, 2019 | By Terra Caribbean

 BETTY

In Episode 4 of ‘A Real Estate Minute’ our Real Estate Agent Betty Cathrow provides possible solutions to the often-sought-after question “Can I rent this property to cover my running costs.” 

Watch the video to learn more!

Head South in 2019

Posted on Thu January 24, 2019 | By Terra Caribbean

sc views

The South Coast of Barbados is now more appealing than ever. Click "Read More" to find you why!

Terra Caribbean: 2018 In Review

Posted on Fri January 18, 2019 | By Terra Caribbean

 

Time

 

For 2019, the Terra team has renewed their vow to give continued expert guidance and knowledge to all clients in their real estate endeavors. This keen outlook to 2019 is all thanks to the momentum gathered in 2018.

Click "Reade More" to find out a few of our favourite 2018 moments!

What's your Real Estate Resolution for 2019?

Posted on Tue January 15, 2019 | By Jean-Paul de Meillac

We’re two weeks into the New Year and while we’re still reeling from 2018 and the challenges that came with it, we are hoping for a brighter 2019.

Therefore, we’re urging all our clients and customers to start their property planning now if you haven’t already started. Whether you’re a first time homeowner, putting your house on the market to upgrade or in the commercial market, we advise everyone to have a goal for this year and an action plan to achieve it!

So what’s your Real Estate Resolution for 2019?

A new and hip South Coast experience, Blue Pineapple

Posted on Wed January 09, 2019 | By Terra Caribbean

Located on the Hastings boardwalk, the Blue Pineapple brings a totally different vibe to the South Coast. 

2019: The Year of Real Estate Resolutions

Posted on Wed January 02, 2019 | By Terra Caribbean

Happy New Year one and all!

It’s a new year - and a good year - for considering property prospects in Barbados. As 2018 gives way to 2019, the buyers’ market trend persists, making now the perfect time to sit and work towards your real estate resolution. 

Virgin Holidays Launches Departure Beach

Posted on Mon December 31, 2018 | By Laura Rotchell, Real Estate Agent

Exciting news for British travelers flying with Virgin Holidays to Barbados this winter season!

Virgin, one of the main British holiday- provider’s to the island has decided to pioneer a revolutionary idea. "Departure Beach" as coined by the group is essentially a super-cool Virgin Holidays' lounge but on the beach!

 

A More Appealing Barbados!

Posted on Thu December 27, 2018 | By Emma Hutson, Real Estate Agent

Barbados is looking more inviting than ever for 2019 and with great leadership, we are seeing positive results. 

We Wish You a Canine Christmas!

Posted on Fri December 21, 2018 | By Terra Caribbean

K9 Christmas 2018

Christmas isn’t Christmas without the K9 Friends Barbados Charity Auction! The charity, which is synonymous with the festive season, continues to benefit the island’s furry residents by epitomizing the spirit of the season as locals and visitors patronize in the spirit of giving!

Terra Heart 2018

Posted on Thu December 20, 2018 | By Terra Caribbean

 

Terra Heart is a campaign created by Terra Caribbean Grenada, geared towards giving back (whether through voluntary assistance, monetary donations, etc.) to the community in the various parishes of Grenada, Carriacou & Petite Martinique. We truly believe that our assistance can help motivate and improve the lives of those in need. This Christmas our campaign was dedicated to the Programme for Adolescent Mothers, GSPCA Animal Shelter, The Queen Elizabeth Home for Children and the Grand Anse Home for the Aged.
Click here to view full video.

 

Let's take a look back at 2018

Posted on Wed December 19, 2018 | By Terra Caribbean Trinidad

As we tick down to the last days of 2018, we take a look back at this year in the real estate industry.

This industry has seen spates of profitable periods over the last decade, but has steadily declined from 2016 to today. It is undeniable that while 2017 was a tremor, 2018 was an all-out earthquake, and we’re still feeling the aftershocks.  

With shifts and changes in the macro environment in the past calendar year, the ripple effects cannot be ignored. While we’re hopeful of an upturn in the market in 2019 due to oil exploration and likely reinjection of government spending, we thought we’d analyze the considerable and critical external elements and how they affected the Real Estate industry in 2018.

Adams Castle Estate- Lots in a great area

Posted on Thu December 13, 2018 | By Terra Caribbean

Adams Castle Estate Development

When preparing for your future build, one key factor takes precedence - location. The Adam’s Castle Estate development near Sheraton Mall is certainly one to be considered if central accessibility is high on your priority list.

Great Commercial Office Rental Space in High Demand

Posted on Wed December 05, 2018 | By Laura Rotchell, Real Estate Agent

There is an abundance of choice for businesses looking to rent commercial space these days in Barbados. Although there is a lot of choices, when it comes down to it, clients seem to struggle with finding the perfect office without compromising too much on their ideal requirements.

Happy Independence Barbados!

Posted on Wed November 28, 2018 | By Terra Caribbean

Barbados Independence 2018

What’s your favourite number? Why you might ask? Well this year, Barbados’ favourite number is 52 and here’s why - on November 30, as the clocks strike midnight, Barbados’ 52nd year of Independence will officially begin! This month, the most Barbadian of Barbadian sights, tastes and sounds are on display across the island, culminating with an extravaganza of activities on the last day! Let’s take a look at the day’s events as we invite you to participate in whatever your heart desires!

Lone Star Restaurant, Barbados

Posted on Tue November 13, 2018 | By Emma Hutson, Real Estate Agent

Whether it be dinner for two, cocktails at the bar or a good old Sunday Lunch, Lone Star will never disappoint. It is one of my favourite weekend spots on the West Coast of Barbados to meet friends. Positioned right on the water, I love admiring the stunning scenery – it never gets old. As you arrive, valet parking is offered and walking down the steps into Lone Star you can immediately feel the buzz in the atmosphere. The décor exudes tropical chic. Greeted by the friendly staff you can choose a table in the main restaurant or out on the covered deck, a step away from the white sandy beach.

What's my budget for buying a home? - Be in the Know!

Posted on Mon November 12, 2018 | By Terra Caribbean Trinidad

Terra Caribbean invites you to view our new video series, Be in the Know!, where we discuss information on everything property related. 

Owning your first home comes with so many mixed feelings of excitement, anxiety and uncertainty, that it’s quite easy to forget the smaller but important things. We realized most people are misinformed about the process of buying a property, beginning with the most important factor…the money!

Our agent Sasha Anton breaks down all the cash you need upfront when buying a home in this episode of Be in the Know! with Terra Caribbean Trinidad.

What's the pre-qualification process?

Posted on Mon November 12, 2018 | By Terra Caribbean Trinidad

Aleicia Mendoza - Blog pic

Ever wondered what's this pre-qualification that bankers and mortgage officers speak about?

Our agent Aleicia Mendoza explains the pre-qualification process and the importance of it. Find out more about it in this episode of Be in the Know! with Terra Caribbean Trinidad.

Stay tuned for more Be in the Know!

A Real Estate Minute - Episode 3

Posted on Fri November 09, 2018 | By Terra Caribbean

In Episode 3 of ‘A Real Estate Minute’ our Real Estate Agent Andrea Chase answers her most frequently asked question “I’m ready to purchase a property. What’s my next step?” Join Andrea, a veteran in the Barbados real estate market with over a decade experience in commercial, residential and multi-million dollar development sales! Watch the video to learn more. Look out for more of these videos coming soon!

If you have any questions for our agents, simply let us know!

Living at Ocean Reef

Posted on Tue November 06, 2018 | By Terra Caribbean

Ocean Reef Condominiums, Barbados

One of the latest additions to the kaleidoscope of south coast charm is the Ocean Reef condominium development. Before we get to the amazing things that make Ocean Reef great, let us give you a crash course on all the possibilities and perks that come along with owning a home here.

Introducing Latest Brochure - The Red List

Posted on Wed October 17, 2018 | By Terra Caribbean

We're excited to launch The Red List! This is our latest brochure that showcases key property listings, highlights some of the newest listings to hit the market and provides data on some of the most notable sales that have happened recently.

Food and Rum 2018!

Posted on Tue October 09, 2018 | By Terra Caribbean

This year, the Barbados Tourism Marketing Inc. will stage its prestigious Barbados Food & Rum Festival a month early on October 18 - 21 - a move which has been reportedly received with delight by many who have been unable to participate in the festival in previous years. In addition to the date change, another novelty of this year’s event is its month-long run - yes, the whole month of October will be a celebration of food, with several pop-up events, food truck crawls, restaurant specials on the Dine Around programme as well as many other food festivities.

Choosing Bridgetown for Business

Posted on Fri September 21, 2018 | By Terra Caribbean

Since its establishment in the 1600s, Bridgetown has always been the central business hub of the whole island. While other business districts and estates have joined the island’s landscape over the years, Bridgetown still offers the perfect environment for setting up or relocating your business. From its proximity to the main goods port and varying financial and other services to easy public transport and road access, Bridgetown is without a doubt optimized for business.

Special Development Areas Act

Posted on Fri September 07, 2018 | By Terra Caribbean

The Special Development Areas Act sets out
the designation of special development areas and provides relief for approved developers constructing or improving a building or structure in those areas and to persons financing such work (other than a commercial bank).

A Real Estate Minute - Episode 2

Posted on Fri August 31, 2018 | By Terra Caribbean

 

Join our Real Estate Agent Lisa Coyle in Episode 2 of  ‘A Real Estate Minute’ - as she answers one of the most frequently asked questions from clients: ‘How's the Market?’ Gain more insight on why this is a popular FAQ and get a few tips on property investment. Watch the video to learn more!

Look out for more of these videos coming soon! If you have any questions for our agents, simply let us know!

Drivers of the T&T Commercial Market

Posted on Fri August 24, 2018 | By Terra Caribbean

Trinidad is known as the business hub of the Caribbean, so it’s only natural that we have an extensive commercial market.
This market segment has seen many shifts and movements over the last two decades.

It leads us to question, what exactly are the drivers of this market?

A Real Estate Minute - Episode 1

Posted on Thu August 16, 2018 | By Terra Caribbean

To kick off our new series ‘A Real Estate Minute’ - our agent Susan Armfield answers one of the most asked questions she gets from clients: ‘How do I know how much to offer?’ Watch the video for more insight!

Look out for more of these videos coming soon! If you have any questions for our agents, simply let us know!

Barbados Land Price Index

Posted on Thu July 26, 2018 | By Tarik Browne

 

This year is the third time we have published the Terra Caribbean Land Price Index (TCLPI) and with each iteration, we refine the process for information gathered and add to the volume of information in the analysis set. We continue to operate in a market with imperfection information, and as such, this data that we curate and maintain grows in value with each successive year. It is a live data set with additions constantly being made to the most recent periods as well as to historic periods as new information becomes available.

Time with Terra Episode 2

Posted on Wed July 25, 2018

Welcome to our second episode of Time with Terra; our web series dedicated to keeping you in the know. This episode features Mrs. Renee Charles, our Brokerage Manager, along with two of Grenada’s banking industry experts: Mr. Musa Jasat, Country Manager of the RBTT Bank Grenada Ltd. and Mrs. Florence Williams, Executive Manager-Loans & Credit Administration of the Ariza Credit Union Ltd. Click to view the full episode. 

Land Tax and the Law of Gravity

Posted on Wed July 25, 2018 | By Lisanne Graham, Terra Caribbean

The effect of the global recession on the local market has been significant, characterized by substantial reductions in transaction volume and demonstrably longer exposure periods across all property segments.

South View Open Day!

Posted on Tue July 10, 2018 | By Mikaela Warden, Terra Caribbean

Join us on Saturday, July 14th 2018 from 9am-2pm for an Open Day at South View!

Lets Take A Caribbean View

Posted on Mon July 09, 2018 | By Edward de Mallet Morgan , Terra Caribbean

 

It has been an unusual last few seasons for Barbados and indeed an unusual last few seasons for the wider Caribbean. The world is changing, economies evolve and develop and Barbados has seen a big adjustment.

 

The New Way to Work

Posted on Fri June 29, 2018 | By Rachel Edwards, Terra Caribbean

Workspace is changing. Now more than ever, the demand for flexible and shared office space is on the rise. As of 2017, there were more than 14,000 co-working offices worldwide with 1.2 million people having secured shared office space at some point (2017 Global Co-working Survey).

Sol Rally Barbados 2018

Posted on Fri May 25, 2018

Once again another month in 2018 draws closer to its end but this one is a little different to Motorsport fans. It’s not just the usual end of month. The end of May marks the beginning of Barbados’ premier rally event, Sol Rally Barbados 2018!

Breathing a Sigh of Relief

Posted on Fri May 25, 2018 | By Adrian Richards

Indoor air quality is one of the first attributes noticed by building occupants. Today’s office buildings are predominantly reliant upon a/c systems to satisfy internal temperature requirements. It is therefore imperative that special emphasis be placed on ensuring that these systems are proactively maintained so as to minimize any negative impact on indoor air quality and mitigate against potential adverse

World FM Day! - Enabling Positive Experiences

Posted on Thu May 17, 2018 | By Janelle Chandler

Once a year the global facilities management community comes together to celebrate Facility Management on World FM Day and as the leaders of Facility Management in Barbados, our FM Team celebrated as well.

Price in the New Market

Posted on Thu April 26, 2018 | By Hayden Hutton

How much longer can we continue to be romantic about the glory days of 2008?  Property values have changed substantially since then, however property ‘prices’ have not necessarily followed suit. 

Terra Caribbean Releases 11th Edition of The Red Book

Posted on Thu April 26, 2018 | By Gemma Holder

The Terra Group, a well-established and reputable real estate leader in Barbados serving all market segments through its brands Terra Caribbean, Terra Luxury and Blue Sky Luxury, today announced the release of its annual Barbados real estate insights publication, The Red Book 2018â.  

How Does Your CAM Stack Up?

Posted on Thu April 26, 2018 | By Janelle Chandler

Common area maintenance (CAM) fees, also referred to as ‘Service Charge’ in some commercial leases, refer to the costs associated with operating and maintaining the space shared by the tenants within a facility, and is charged in addition to the base rent.

Beachfront Property and The High Watermark

Posted on Thu April 26, 2018 | By Lisanne Graham

Beachfront land has always had great appeal to persons wanting to own a piece of paradise. In Barbados, beachfront development has ranged from as far north as Port St. Charles, all the way down to The Crane Private Residences in the South-East of the island. Over the years, this range has seen increasing prices as the supply of land, villas and condos declines.

First-Time Buyers - The Real Cost of Home Ownership

Posted on Thu April 26, 2018 | By Rachel Edwards

Buying a property is a big investment. And as a first-time home buyer, you have much to consider: getting pre-approved for a bank loan, deciding what type of property fits your lifestyle, figuring out where you want to live, finding a qualified agent, and then navigating all the steps from the initial offer to the closing.

Real Estate Investment in the Caribbean

Posted on Thu April 26, 2018 | By Andrew Mallalieu

Often market commentators are heard speaking about the Caribbean as if it is a single market for real estate investment. That is like going to the Olympics to watch sports.  There is everything from a sprint to a marathon, from horse riding to the hammer throw, and everything in between.  Pick a sport please – they are not all the same.  From my seat I get to see the southern Caribbean real estate market from both the helicopter, and in the trenches.  While there are similarities it's the differences that provide the insight.

Perspectives on Pricing

Posted on Fri April 13, 2018 | By Susan Armfield, Real Estate Agent

Sue Armfield, Real Estate Agent

We know there are several aspects of our day-to-day where we interface with you, but today, I am here to give you further insight into the behind-the-scenes of our pricing practice - where we aim to achieve the best results for you! So, keep reading as I present to you five nuggets of insight into de-mystifying our process of assessing and providing professional advice on pricing and setting rental rates.

Bridgetown: Capital of Commerce

Posted on Thu April 12, 2018 | By Terra Caribbean

 

Bridgetown is the capital of the island, and for centuries has served as the epicenter of all commercial activities across the island. Although several other commercial districts have appeared on the landscape over the years - such as Warrens - Bridgetown stays true to its mercantile roots. The British settlers disembarked in a sparse - and nameless - Bridgetown in 1628, where the most predominant feature of the desolate area was a primitive bridge believed to be erected by the island’s natives over its main waterway. Two name changes later, Bridgetown was born, and over the ensuing decades, its streets would be the scene of trade and social convergence.

First time buying a home?

Posted on Wed March 21, 2018 | By Jo-Ann Traboulay

Financing? Check.

Down payment? Check.

House?...Not quite.

So, you’ve decided to take this big step to buy a home (and it is a very big step indeed), probably the single largest investment you’ll ever make. Owning your first home comes with so many mixed feelings of excitement, anxiety and uncertainty, that it’s quite easy to forget the smaller but important things.

Hence, we’ve compiled a comprehensive guide to help you along the way, from all the unsaid costs to general tips, from an Agent’s as well as a buyer’s perspective.  

Are you ready to buy your first home?

Time with Terra- Terra Caribbean Grenada

Posted on Fri March 09, 2018

We are proud to announce the release of the first episode of our web series entitled ‘Time with Terra.’ These episodes will be dedicated to providing you with relevant market data, trends, rental and selling tips, and property management and valuation advice. Click to view the full episode. 

Go for Gold This Weekend!

Posted on Wed February 28, 2018 | By Terra Caribbean

The sound of hooves on the turf at the Garrison Savannah are getting closer as the 2018 Sandy Lane Gold Cup is just around the corner! On Saturday March 3, the six-furlong track will see trainers, jockeys and their formidable thoroughbreds from around the world grace its grounds to take the coveted champion’s cup - the Gold Cup - from their local rivals.

Relocating to Barbados? Let us help!

Posted on Wed February 28, 2018 | By Laura Rotchell

Laura Rotchell, Real Estate Agent

Recently, I’d met with a couple that had relocated to Barbados and previously rented with us - an interaction that lead to finding their forever home and created a friendship with them. Therefore, I would like to share Mr. Ye’s story in his own words after becoming the proud owner of Margate.

Deciding on Your New Office Space?

Posted on Thu February 15, 2018 | By Terra Caribbean

One of the best ways to form a lasting impression with your clients and staff is having an office space that reflects all the tenets of your brand. When choosing an office space, many internal and external factors arise, but in the case of a business that has outgrown its old home, the new space must be an obvious improvement. So, in addition to finalizing the moving contract and doing an assets inventory, the following points must also be hashed out to ensure the perfect fit.

Status Complete - The St. James!

Posted on Fri February 02, 2018

The luxury condos at The St. James are now complete! Have a first look at the newest beach side addition on the platinum coast of Barbados. 2 sold, 2 remaining: The Villa and Unit 102.

Why An Agent is Your Best Ally

Posted on Thu February 01, 2018 | By Terra Caribbean

There aren’t many things that can trump the internet, but within the real estate industry, our agents are the true champions.

The Internet has revolutionized the way in which information is brokered, and homeowners rely on various websites to guide them on their property-related journeys. But, it is a proven fact that although these options are right at our fingertips, the knowledge and expertise of a team of agents can never be supplemented.

What can $2m buy today? January 2018

Posted on Tue January 23, 2018 | By Terra Caribbean
House and money

This time last year, with a declining economy, we examined what $2m bought for the years 2007 to 2016.

As 2017 progressed, with a further contracting economy and a minor but impactful depreciation of the TT dollar, we look back at how these radical changes affected the Residential Sale market, with a snapshot of What $2m can buy today in different parts of the country.

What can $2m buy today? January 2017

Posted on Mon January 22, 2018 | By Terra Caribbean

With a New Year ahead, a slower market than 2016 and a depreciating currency, many of our clients ask us:
What can money buy these days? 
 
To truly understand the buying power of $2m today and the time value of money, we first reviewed what $2m bought in past years. In our realistic analysis, we took into consideration, location and condition of these listings, our fluctuating inflation rate and stayed within a range of $1.8m to $2m.

Looking for a place to call home?

Posted on Fri January 19, 2018 | By Terra Caribbean

Join our Real Estate Agents Lisa Coyle and Emma Hutson on CBC TV’s Property Matters as they give you a guided tour at Les Fleurs Morning Glory, Fort George Heights No 17 and Moonshine 303. The agents join host Cassandra Samuel for a lovely inside view of these affordable properties for sale in Barbados. View the full tour here.

Why do people move to Barbados?

Posted on Tue January 16, 2018 | By Emma Hutson, Real Estate Agent

Emma Hutson, Real Estate Agent

Barbados… the most Easterly gem in the Caribbean Sea, 30’C all year round and over 70 miles of white, sandy beaches. Why wouldn’t you move? Beats rainy city life! 166 square miles of paradise… you can enjoy the hustle and bustle in Bridgetown, surf at Freights Bay, hike the East Coast or enjoy a rum punch watching the sunset on the West Coast. 

Dining in Barbados is a MUST in 2018!

Posted on Thu January 11, 2018 | By Terra Luxury

 

There is never a dull moment when it comes to dining in Barbados. With a diverse offering of restaurants that rivals the allure of its gorgeous beaches, introducing Barbados as the culinary capital of the Caribbean is no understatement. The island is home to a plethora of culinary experiences that are steeped in a blended heritage with a dash of international decadence, and the foodie paradise continues to raise the bar every year! From colourful cocktails to five courses of pure ambrosia, there is always something new instore for food lovers in Barbados.

Read more on our Terra Luxury blog here

Creating Office Environments to Attract Tenants

Posted on Thu January 04, 2018 | By Janelle Chandler, Assistant Manager

Janelle Chandler, Assistant Manager Bsc Eng. MSc FM

 In today’s tough economic times many companies have sought to reduce their footprint by optimizing their operations. This has subsequently reduced the demand for commercial office space across the island.

As a result, landlords are now forced to think outside the box and revamp their offering to attract the budget conscious, modern day commercial tenant who is looking for value for money when selecting their ideal office environment.

Always wanted to live in St. Philip?

Posted on Fri December 15, 2017 | By Terra Caribbean

Our team was happy to work with the Caribbean Broadcasting Corporation on their new show ‘Property Matters’. Click to take a walk through some great St. Philip properties with our agents Annalisa and Sue!

 

Homes for a New Generation

Posted on Thu December 14, 2017 | By Laura Rotchell, Real Estate Agent

Laura Rotchell, Real Estate Agent

Typically, young professionals are looking for a well-maintained property, with lots of entertaining and/or outdoor space. They’re also looking for amenities, such as a pool, and somewhere located within walking distance of the beach and public transport. They prefer being part of a gated community or with close, neighbouring properties.  The location proves to be almost just as important as the property itself, ideally positioned where all the action is happening, either on the south or west coast of Barbados.

Barbados’ Best Bites!

Posted on Wed November 29, 2017 | By Terra Carribbean

Considered the culinary capital of the Caribbean, Barbados offers a fixed menu of international cuisine, local delicacies and quite frequently, a gorgeous medley of both. Now, as we prepare to celebrate Independence, the traditional dishes and their bold flavours come to the fore, and finally locals - both at home and abroad - as well as all lovers of Barbados can finally have their yearly cravings satisfied! So, celebrate this Independence by indulging in our top favourite dishes that truly embody the tastes of Barbados!

Aerial Tour of Wildey Commercial Estate

Posted on Mon November 20, 2017

Fully Functional warehouse and office space for use today!

 

Are you Ready for Run Barbados 2017?

Posted on Thu November 16, 2017 | By Terra Caribbean

December in Barbados will open with the exciting Run Barbados Marathon Weekend - the Caribbean’s most highly anticipated road race event that is an annual staple with the local, regional and international road racing fraternity. This decades'-old running tradition has grown exponentially over the years, and is now in its 34th year, promises to be even more exciting than ever.

Homes with Unique Extras

Posted on Thu November 16, 2017 | By Toni Jones, Real Estate Agent

 

Toni Jones, Real Estate Agent

When faced with the choice of deciding amongst properties, prospective homeowners usually ask: 'what makes this home unique?' Our agent Toni Jones has tasked herself with answering this question by highlighting some of our top listings with signature styles. Let us know how you feel about these unique features!

In the Market for a Great Land Lot?

Posted on Tue November 07, 2017 | By Terra Caribbean

The best way to achieve the perfect home is to build it. This provides a blank canvas to achieve your personal blend of fine details that you may sacrifice when considering an existing home. But in addition to creating your perfectly customised kitchen or one-of-a-kind wrap-around staircase, there is also the step of deciding on the perfect plot to complete your building story.

Are businesses moving out of Port of Spain?

Posted on Tue November 07, 2017 | By Terra Caribbean

While Port of Spain is the business centre for much of the country and is an important financial services hub for the Caribbean, the commercial density has resulted in challenges in parking, traffic and office space availability.

Consequently, the traffic challenges and overpopulation in the Central Business District of Port of Spain have driven some organizations, local and international, to consolidate their offices from around the country to one of the developing commercial hubs/districts.

Could You Be Our Missing Link?

Posted on Wed November 01, 2017 | By Terra Caribbean

Terra Caribbean now has four offices operating across the region. We are looking for an energetic and enthusiastic individual to strengthen the bond between the offices in St. Lucia, Grenada, Barbados and Trinidad in the capacity of Regional Coordinator.

 

 

November + Barbados: A Festival for Foodies

Posted on Wed November 01, 2017 | By Terra Caribbean

It will be culinary Christmas for all local and visiting foodies this November when the sights, sounds, tastes and aromas of the Barbados Food & Rum Festival fill the air!

What exactly is the BRA tax and how do I ensure it does not hold up the sale of my home

Posted on Wed November 01, 2017 | By Lisa Coyle

Lisa Coyle, Real Estate Agent

The only thing that is constant in life is change and the Real Estate industry is not foreign to this concept.

 

Land Tax Bills - What's New?

Posted on Fri October 13, 2017 | By Advisory Team

You may have recently received your land tax bill(s) for the 2017-2018 financial year and noted some changes:

Firstly, the bill looks a little different as it is now a combination of the former Property Valuation Notice, and the previous Land Tax Bill. The new document includes the owner information, details on the property which was valued, the site value and the improved value of the property. It also displays billing information such as the tax due, the discounted amount and the discount deadline dates. The back of the documents contains guidance on the process for filing an objection and how payments can be made.

 

A Growing Central Business District

Posted on Thu October 05, 2017 | By Terra Carribbean

Over the course of the last 10 years, the development and growth of Warrens as a Central Business District (CBD) has been substantial. Now in 2017, this area which was originally cane fields before the construction of the ABC Highway is now one of the island’s largest CBDs .

The Red Book Grenada 2017

Posted on Mon October 02, 2017
The Red Book Launch

Terra Caribbean Grenada has proudly released its first edition of The Red Book. Backed by a talented team of individuals from both the Grenada and Barbados offices, The Red Book Grenada 2017 successfully highlights the various real estate infrastructures and opportunities that the isle of spice has to offer, along with articles written by experts in different fields such as real estate, investment corporations, insurance, financial services, statutory and government establishments. 

Investor Attitudes Survey 2017

Posted on Thu September 28, 2017 | By Terra Caribbean

 Investor Attitudes Survey 2017 Intro Image

With all the noise in the market, from BREXIT to the recent budget and NSRL to elections on the horizon, we thought this would be an opportune time to look at investor attitudes and the general Barbados market sentiment.

We sent a short questionnaire to a number of corporate/investor clients to gather their views on a few specific areas of the market. The results were notable and offer some interesting insights into the investors’ mindset in 2017.

Buying Property in Barbados

Posted on Wed September 20, 2017 | By Terra Caribbean

 Buying Property in Barbados

Below is a guide to buying, selling and owning property in Barbados. There are no restrictions on the purchase of property in Barbados by persons who are non-nationals or permanent residents. There are no capital gains or inheritance taxes in Barbados.

 

Are we hurricane ready?

Posted on Fri September 15, 2017 | By Terra Caribbean,
Are we hurricane ready?

Despite the old Trini colloquialism of “God is a Trini”, this year’s ongoing hurricane season, violent and tumultuous at best, has caused concern even in us laidback Trinis. With recent Hurricane Irma, ripping through countries of the Leeward Islands and South Florida and leaving death and millions of dollars of destruction in her wake, we ask ourselves, “Is T&T Hurricane ready?”

Commercial Property Hurricane Preparedness Tips

Posted on Wed September 13, 2017 | By Terra Caribbean

As the hurricane season falls between June and November, we’ve compiled some easy to read tips from our expert Facility Managers to ensure your commercial property is well-prepared. These tips are extremely helpful in securing your commercial property in the event of adverse weather conditions. Our Facility Managers not only focus on preparedness but also provide tips on what to do during the hurricane and in the aftermath.

Property Valuation 101

Posted on Fri September 08, 2017 | By Lisanne Graham , Leader - Advisory Services

Lisanne Graham

So, you want to purchase a property and have been advised to request a Market Valuation report. Your report has arrived, but how was the Market Value derived? In this blog we will first define Market Value, and then walk you through the main methodologies/ approaches for valuing real estate, to give you some insight into the process.

What You Need to Know When Buying a Condo

Posted on Wed September 06, 2017 | By Karyn Fakoory, Real Estate Agent

Interested in buying a condo? We have pulled together some useful information on what you need to know before you buy. These are the questions to ask yourself so that you and your agent can select the best options in your search for the perfect condo.

Settle in St. Philip

Posted on Mon August 21, 2017 | By Terra Caribbean

In our last edition of The Red Book, we acknowledged the fact that the rural landscape of the island has now become the focus for local and overseas investors - and the most noticeable case of this is the parish of St. Philip. Now, the quiet, south-eastern countryside of Barbados is beaconing with residential and other developmental opportunities, positioning it firmly as one of the most desirable parishes to live in on the island.

The Grove - It Really Does Feel Like Home!

Posted on Wed August 09, 2017 | By Andrea Chase

My name is Andrea Chase and I am the lead agent for The Grove development. Officially launched mid last year, The Grove land development has proven to be a success story having sold approximately half of the 158 lots to date. 

Commercial Rental Rates over the years

Posted on Tue August 08, 2017 | By Terra Caribbean
Commercial Rental Rates

Terra Caribbean Trinidad has collated data from over forty buildings and produced the Commercial Rental Rate Study for ten years, 2007 – 2017. 

In 3 short years, 2014 to now, the commercial office rental real estate market has taken a steep nosedive into near stagnation. Within the last two years (2015-2017), as large corporations of the petrochemical industry have downsized operations globally, as well as in Trinidad, in response to a worldwide decrease in the demand for oil and by-products of oil, space in A Class and B Class commercial buildings have become available, resulting in a vacancy rate of approximately 20% - 25% in the private office rental market. 

Introducing the Country Club Cottages

Posted on Thu July 27, 2017 | By Terra Caribbean

Managing Director at Apes Hill, Donovan Bagwell, recently sat down with the Terra Luxury team to give an update and some insight into one of the most prestigious communities on the island.

Our 6 Hottest New Listings

Posted on Mon July 03, 2017 | By Terra Caribbean

Looking for a great new home or the perfect spot to build your family home? Our agents are ready and able to match you with the perfect property!

Real Estate in the Information Age

Posted on Fri June 23, 2017 | By Terra Caribbean

 

In just a couple short decades, technology has changed the landscape of real estate, both locally and internationally. In Trinidad and Tobago, with over 900 active real estate agents or agencies, the business of real estate is no longer dictated by a rolodex and a phone, or a FOR SALE sign and a classified ad. The advent of expansive websites, social media, and instant messaging apps has transformed the speed and accessibility of information for end-users - the buyers and sellers that generate this market. The industry has matured and is now a grown adult in the T&T economy.

We Know Trinidad and We Know Golf!

Posted on Fri June 23, 2017 | By Terra Caribbean

Terra Caribbean Trinidad was a proud sponsor of the Queen's Park Cricket Club's Members Golf Tournament 2017. This tournament which is held at the St. Andrew's Golf Club in Moka, Maraval is a staple on the Terra Caribbean Trinidad calendar every year. 

Terra Teams Conquer Rally Barbados 2017

Posted on Tue June 20, 2017 | By Terra Caribbean

And it’s a wrap! Rally Barbados 2017 was truly action packed and all the rally teams showed true grit!

With another exciting year of pulsating action and a growing number of international competitors, the 2017 versions of the island’s most anticipated motorsports event kicked off from the weekend of May 28 through to the weekend of June 2, taking competitors and spectators to several exciting stages across the landscape.

Now is the Time to Buy!

Posted on Tue June 13, 2017 | By Susan Armfield

Here’s to a great June and start of the second quarter of 2017!

Fashions change, but principles tend not to, so a man/woman’s home is still their Castle.

Most of us do not have enough savings or collateral to qualify for a mortgage or land loan before we are in our late 20’s or later.

New to Market! Ocean Reef Condos!

Posted on Thu June 01, 2017 | By Terra Caribbean

We're excited to announce the release of a selection of condos for sale at the Ocean Reef development in Worthing. The five-storey development offers the most stunning views of Worthing Bay, private access to Sandy Beach and an excellent location near St. Lawrence Gap.

The Crossings - Where you want to be...

Posted on Wed May 31, 2017 | By Terra Caribbean
The Crossings front pic

Located in the expansive neighbourhood of Santa Rosa, Arima, Phase 3 of Bhagwansingh’s at The Crossings is a welcome respite for young professionals, their families and investors alike.

The Real First Step to Purchasing a Home

Posted on Tue May 23, 2017 | By Lisa Coyle

Going the financing route for your property purchase? Ensure you take this necessary first step…

So you’ve made the decision to buy your first home, apartment or piece of land to build your dream home. You see the advertisements offering various mortgage options with low interest rates, so it’s a logical decision – time to buy.

Introducing Pollards Mill

Posted on Tue May 23, 2017 | By Terra Caribbean

The epitome of country living is summed up at the 2-plus acre gem Pollards Mill. This stately property dates to the 18th-century, and includes a main dwelling, a cottage and villa, as well as beautiful gardens that double as the perfect venue for tying the knot!

Join Us at the Republic Bank Mortgage Fair!

Posted on Fri May 12, 2017 | By Terra Caribbean

 

So you've decided that 2017 will be the year you purchase your very first home or piece of land to build your dream home but you aren't sure about financing nor the process for purchasing property. Come take advantage of some expert advice from Republic Bank and our experienced Real Estate agents this Saturday at the Republic Bank Mortgage Fair!

Rental Property Standards

Posted on Tue May 02, 2017 | By Terra Caribbean

Making a property ready for the rental market is largely straightforward, the property must be clean, well maintained and ideally in a desirable area. Clients in the corporate rental sector are often diplomats or workers in the international business corporations and have housing included in their employment package. These requirements while not essential for the general rental market may be necessary for a property to be considered suitable for some of these clients. Some examples of common requirements can be seen below.

Regulated by RICS

Posted on Tue March 28, 2017 | By Lisanne Graham

Ownership of property, whether as an investment or for occupation, is nothing to take lightly. When making the step towards such a purchase, one of the first things typically done is to obtain a valuation of the property.  For peace of mind and protection, every buyer should ensure they select a qualified Valuer from a Firm “Regulated by the RICS”.

Andrew Mallalieu: A Life of Real Estate and Formula 1

Posted on Mon March 27, 2017 | By Terra Caribbean

 

Andrew Mallalieu is a man of many facets. Locally, his face and name are pegged to the role of Chief Executive of real estate conglomerate The Terra Group, but it is his lesser known title that resonates across one of the biggest global sporting fraternities...

Build the home you want at The Grove!

Posted on Mon March 20, 2017 | By Gemma Holder

The Grove is a cleverly master-planned land development with convenient access to all of the amenities on the South Coast. With land lots averaging 5,700 sq. ft and starting at just BDS$750* per month.

 

Terra Caribbean stands in solidarity with AREA and the FIU to Fight against Money Laundering

Posted on Thu February 16, 2017 | By Terra Caribbean
(left to right) AREA President, Sally Singh chat with Jean-Paul de Meillac of Terra Caribbean Trinidad, the Hon. Attorney General Mr. Faris Al-Rawi, Jo-Ann Traboulay and Jean de Meillac of Terra Caribbean

The Association of Real Estate Agents (AREA) hosted a Media Conference on Tuesday, 14th February, 2017 with the theme “AREA Supports the Fight Against Money Laundering and Financing Terrorism”. at The Government Campus Plaza Auditorium, Port of Spain.

We're now Live! - Terra Caribbean Trinidad launches new website at Buzz Bar

Posted on Tue February 14, 2017 | By Terra Caribbean

In the height of the Carnival 2017 season, Terra Caribbean Trinidad launched the new website at Buzz Bar, One Woodbrook Place on Thursday 9th February. The first launch of Terra Caribbean’s new website, a cocktail event, was held at Apes Hill Country Club, Barbados on Thursday December 15, 2016 and was a huge success.

 

TERRA CARIBBEAN RELEASES 10th ANNIVERSARY EDITION OF THE RED BOOK ®

Posted on Thu January 19, 2017 | By Gemma Holder - Brand Manager

50 Years On

Posted on Wed January 18, 2017 | By Andrew Mallalieu, CPA, MRICS, CEO

As we publish this 10th edition we cannot ignore that it falls at a time in the 50th year of independence of our small island state.  As a nation we have all been struggling to focus on what we can be proud of when there is so much that is not meeting the high standards that we set for ourselves 50 years ago.  From a real estate perspective I choose to focus on the words and meaning in the the chorus of our national anthem:

A Night to Remember - Terra Caribbean Web Launch

Posted on Wed December 21, 2016 | By Terra Caribbean

Thursday December 15 was a night to remember for the Terra Caribbean team: the venue, the newly finished and amazingly stunning Apes Hill Club House; the occasion, a cocktail reception officially launching our new Terra Caribbean website.

Location, Location, Location

Posted on Wed December 21, 2016
The location of a property is of utmost importance in real estate as it assists with the determination of various factors, such as the number of sale transactions the location can generate. 

Come Join Us at The Grove Open Day!

Posted on Wed November 16, 2016 | By Gemma Holder

This Independence, create your own milestone by owning a piece of the rock! Join us at The Grove Open Day this Saturday November 19th from 9am-2pm to reserve your very own land lot with an extra special financing offer from Scotia Bank!

 

 

Surf Tourism on the Rise

Posted on Fri November 04, 2016 | By Terra Caribbean

 

Barbados is a special place for surf, and we have seen an increase in surf tourism and the demand for holiday rental properties that are close to surf breaks. Even the most recent WSL World Champion Jon Florence, and surfing legend Kelly Slater have visited and spoken highly of surfing in Barbados. So, there is no better month than Barbados’ independence month to embrace the Independence Pro.

The NRA Launch Cocktail

Posted on Fri September 30, 2016
Terra Team & Guests

The National Realtors Association of Grenada hosted a launch cocktail for their members and specially invited guests. This event created a favourable atmosphere for networking and socializing.

Introducing The Grove Development!

Posted on Thu September 29, 2016 | By Terra Caribbean

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.

The Reality of Investing in Land

Posted on Fri September 16, 2016 | By Susan Armfield, Real Estate Agent - Terra Caribbean

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’.

Introducing Cocktail Kitchen

Posted on Fri September 16, 2016 | By Terra Caribbean

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.

Why Invest in Beachfront Property?

Posted on Fri August 26, 2016 | By Rachel Edwards, Sales Manager - Terra Luxury

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 Value of a Valuation

Posted on Wed July 27, 2016 | By Terra Caribbean

Over the past five decades, Barbados has offered investors a climate of steady appreciation on property values thanks to a resilient economic standing. This steady appreciation, doubled with economic factors, saw land values in some areas of the island go from $0.12 per square foot to $100 per square foot in more recent times. For several investors, this value served as a direct reflection of physical and perceived value of their investment, and would be made official through a solid valuation provided by a qualified, trusted valuer.

Barbados’ Tourism Resurgence

Posted on Wed July 27, 2016 | By Terra Caribbean

Barbados’ most intricate sector is its tourism industry, and for property investors, this offers an attractive holiday rentals market. It encompasses several sub-sectors which feed what is considered the foremost driver of the island’s economy.

Changing Times In the Commercial Rental Market

Posted on Thu July 14, 2016 | By Lisa Coyle, Real Estate Agent

Whether you are an entrepreneur, businessman or woman, attorney, doctor, restaurateur, barber or retailer, at some point you will need commercial space. This space has to first suit your budget and it also has to be the ideal location for your clients. Typically, your choice of commercial space will fall under the general term of either A, B or C class rental space. A class - being the most prestigious premier office space with rents at the top end of the scale. Whilst, B & C spaces compete for a wide range of users with rents in the middle to lower end of the spectrum.

Shaking Up Thursday Night at Primo Bar & Bistro

Posted on Wed June 01, 2016 | By Terra Caribbean

If you haven’t had the chance to dine at Primo, the new culinary hotspot on the South Coast of Barbados, it’s a must. Tucked away in a secluded beachfront location just as you enter the St-Lawrence Gap, this two-level restaurant not only serves up some sumptuous meals, but also delivers on those must-capture sunset views. But don’t just expect to snap beautiful pics over a delicious meal. Primo is the latest venture for the owners of Cin Cin located on the West Coast of Barbados, so here’s the best spoiler alert you’ll ever get: it’s a completely luxurious experience from start to finish.

The Grove - A development that feels like home!

Posted on Fri April 29, 2016 | By Gemma Holder

NEW LAND DEVELOPMENT! JUST RELEASED!

 

Don't delay your plans to build your dream home any longer! With a welcoming countryside feel and convenient access to the bustling South Coast, this development is perfect for busy professionals, young couples or growing families.

Terra Caribbean Releases Ninth Edition of The Red Book!

Posted on Tue April 05, 2016 | By Gemma Holder

BARBADOS (April 5, 2016) – The Terra Group of Companies, a well-established and reputable real estate leader in Barbados and the Eastern Caribbean serving all market segments through its brands Terra Caribbean, Terra Luxury and Blue Sky Luxury, today announced the release of its annual Barbados real estate insights publication, The Red Book 2016â.  This year’s release marks the ninth edition of the Red Bookâ, which features a revamped internal layout focusing on detailed insights for each segment of the real estate market in Barbados.

First Impressions Do Count!

Posted on Thu August 13, 2015 | By Patrice Gill

First Impressions Count!

 

 

 

You never get a second chance at a first impression. This saying is true whether we are meeting someone for the first time or when showing a property to a potential tenant.  Whether the tenant walks away with a decision already made that ‘this home isn’t for me’ or ‘maybe I’ll shortlist this one’, is entirely based on the impact of the first viewing.

Summary of the Budgetary Proposals Relating to Land Tax

Posted on Tue July 07, 2015 | By Knowledge Department

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.

Relocating to Barbados? Our Agents Can Find You A Home!

Posted on Fri June 05, 2015 | By Marketing Department

Our knowledgeable Real Estate Agents can help you today!

Corporate Rental experts Jeanie Mahon and Patrice Gill answer some vital questions for this key segment of the real estate market. Some of this information can be found in the Corporate Rentals E-book and right here on our blog.

Plantations 101 - A Brief History

Posted on Thu April 23, 2015 | By Hayden Hutton

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.

The Red Book Welcome 2015

Posted on Thu March 12, 2015 | By Andrew Mallalieu

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! 

What Factors Determine The Value Of Your Property?

Posted on Wed March 04, 2015 | By Annalisa Sealy, Real Estate Agent

Annalisa is one of our savvy Real Estate Agents

"Market conditions are key in determining value. To a large extent, the value of the home is currently driven by what the average purchaser is willing to pay for a property, rather than what we would consider a ‘bricks and mortar’ or replacement cost value."

-Annalisa Sealy, Real Estate Agent

Open House at South View!

Posted on Wed February 04, 2015 | By Gemma Holder

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!

 

What A Client Wants: Trends In Commercial Space Leasing

Posted on Thu January 29, 2015 | By Sue Armfield

Sue's one of Terra Caribbean's knowledgeable Agents

Sue Armfield - Real Estate Agent

"With the start of a fresh new year, it’s a good time to take a holistic look at the changing demands and trends in office leasing - in order to plan and to budget more effectively, to make adjustments where indicated and, to generate prosperity for landlords, developers, tenants and agents alike."

Home Improvements - Worth it or Not?

Posted on Thu November 27, 2014 | By Karyn Fakoory

Karyn Fakoory - Real Estate Agent

"Making improvements come with the territory of owning a home. Whether this is done for the homeowner’s benefit, or for a return on investment of the improvement when preparing to sell the property, sometimes a little bit can go a long way. And sometimes it does not."

Barbados - The Brighter Shade of Grey

Posted on Mon October 06, 2014 | By Connie Smith

 

While storm clouds in varying shades of grey hover over a number of International Financial Centres (IFCs), the sunlight continues to shine on Barbados. The island forges ahead with progressive initiatives to develop programmes and policies aimed at making it more appealing to discerning, international investors. Barbados has always differentiated itself from other IFCs by strategically expanding its growing network of double taxation and bilateral investment treaties while twinning that strategy with the high-quality lifestyle available - to attract investors. 

The Cost Of Catastrophe: Breaking Down Home Insurance in Barbados

Posted on Mon August 18, 2014 | By Richard Ince

The reaction to a price quote for home insurance in Barbados is often disbelief:  “But my home in (the United Kingdom, Canada etc.) is worth so much more and I am only paying a few hundred pounds/ dollars...for broader coverage!”  
One of the significant costs for homeowners in Barbados is insurance against the risks of fire, weather, natural disasters etc.that comes at a higher rate than for the equivalent or better cover internationally.

The Corporate Rentals Market

Posted on Fri August 15, 2014 | By Jeanie Mahon

Are you…

Lucky enough to relocate to Barbados on business?
Currently living in Barbados but looking for another home to rent?
Looking for rental property on behalf of someone?
A current landlord/landlady?

If any or all of the above fit your circumstance, then this article is for you. 

Real Estate: A Viable Investment Choice

Posted on Fri July 11, 2014 | By Christopher Sambrano

In Barbados’ current economic environment, individuals and companies are faced with the question of what to do with their excess cash.

There is a choice, even with exchange controls and limitations on available investment options. Available opportunities include: bank deposits, government bonds, corporate bonds, mutual funds, savings products provided by insurance companies, a limited pool of equities and of course, real estate. All of these options have their own inherent risk and return payoffs.

Be well-informed about the Municipal Solid Waste Disposal Tax

Posted on Tue July 08, 2014 | By Knowledge Department

What is the Municipal Solid Waste Tax?

A tax charged, levied and collected on the site value portion of improved property. Therefore, all property that includes any structures is subject to pay this tax. However, the tax is calculated on the site value only. This tax was deemed operational on September 01, 2013.

Commercial Property Manager - Vacancy

Posted on Thu June 19, 2014 | By Administrator

Commercial Property Manager

 We Know Property Management. Do you? We are looking to recruit an individual to help lead our Commercial Property Management division. If you know property management and want to build a career with a fun and innovative firm - let's talk!

May was the Month of Motorsports in Barbados!

Posted on Tue June 03, 2014 | By Gemma Holder

It has been a thrilling and unforgettable month of motorsport here in Barbados! With the unveiling of the brand new Bushy Park Circuit in St. Philip, the mega production of Top Gear Festival Barbados, as well as the non-stop action at Sol Rally Barbados 2014, May was nothing short of epic!

Red Book Welcome 2014

Posted on Fri May 09, 2014 | By Andrew Mallalieu

It’s seven year itch time!  Yes, this is the seventh edition of The Red Book.  The challenge each year is to make it better, and by ‘better’ we mean more relevant to you the reader.  This year we have added more statistics, more professional articles and we have even done some “ancient history” research with Hayden interviewing the two agents responsible for the sales at Sandy Lane Estate in the 1960s.  I think you will find that article both informative and entertaining.

Apes Hill Club set to start brand new clubhouse!

Posted on Fri January 17, 2014 | By Gemma Holder

Apes Hill Club announced this week that construction on the new Clubhouse will begin this year. Renowned local Architect Larry Warren has been appointed for this project and the preliminary design is progressing well.

Bright Ideas in Reducing High Energy Costs

Posted on Tue August 13, 2013 | By Gina-Lee Johnson

Part of our monthly analyses for each of our properties clearly breaks down the running costs of the properties that we manage. The largest costs are salaries and wages, which make up a minimum of 30% of total running costs, but are very much based on owner preferences.  Building repairs generally come next, but fluctuate wildly depending on the design and type of construction, age of the property and what the owner wishes to upgrade. The third largest cost is electricity, which provides us with the opportunity to implement energy-saving equipment and policies, without affecting ambiance or service.

Terra Caribbean Attains Prestigious RICS Designation

Posted on Wed July 10, 2013 | By Gemma Holder

Terra Caribbean is now regulated by the Royal Institution of Chartered Surveyors (RICS); a world-renowned and respected professional body that monitors, guides and assists firms to comply with rules, regulations and ethical standards.

Abandonment - Change

Posted on Tue June 04, 2013 | By Andrew Mallalieu

Some years ago I wrote about the role of real estate agents in “leading their clients in abandonment”. This was a concept I borrowed from a lecture I attended at Harvard some years earlier. The way we applied it in our business was to provide our clients with current market information so that they could make an informed decision, meaning they had to abandon old views of market value. 

I think we have done a good job in leading our clients in understanding this new market – but have we as an industry done the same? I think not, and this year’s article is therefore going to be focused on leading our industry peers in abandoning the old business model that may have served them well in the past. 

The Real Estate Cycle

Posted on Tue May 14, 2013 | By Hayden Hutton

In the early 1930s a land economist by the name of Homer Hoyt established a now famous theory known as the “The Great 18-year Cycle”. The theory held that, in the absence of significant world events (wars etc.), real estate cycles generally follow a predictable 18-year cycle. Hoyt cites considerable empirical evidence dating back to the early 1800s illustrating an almost perfect 18-year cycle. More recently, Prof. Fred E. Foldvary used this principle to predict the recession of 2008, writing about it ten years earlier. Obviously real estate cycles present themselves in different shapes and sizes, but perhaps Hoyt’s theory provides some context to a discussion about where we are in the cycle today and when the market is likely to enter the recovery phase.

Th Red Book 2013 - Welcome

Posted on Thu April 11, 2013 | By Andrew Mallalieu

The annual event of writing an introduction for The Red Book is always filled with trepidation for me. I do not want to over build expectations and then disappoint, nor do I want to fail to introduce the articles in an exciting way. What to do? Risk behind every door. But that is our world today. Every time I think the market has found a direction, there seems to be a further shift. Recently I read that an engineer does not see the glass as half full like the optimist, nor half empty like the pessimist, but rather as a design that is twice as big as it needed to be. I learnt from this that I need to adjust my expectations and face the reality of our market. The half full glass tells us nothing of our future but only of our present. So that is what I hope we will do for you – provide you with an accurate picture of the real estate market in Barbados at present. Whether you are the optimist, the pessimist or the engineer, you will have the data that you need to reach a conclusion.

The Investor and Compulsory Acquisition - Barbados Law

Posted on Fri November 02, 2012 | By Michael Alleyne, Attorney-at-Law

Legal scales

 

For the average Barbadian citizen, most encounters with the powers of the Crown are limited to fixing roads, maintaining order and things of the like, nothing alarming at all. However, occasionally, citizens come face to face with the awesome power of the state, when they receive a notice expressed in some legal jargon, informing them that their land is to be acquired for some public purpose.

Heritage: Its Meaning and Significance for Barbados

Posted on Tue October 09, 2012 | By Dr. Karl Watson

The Barbados Careenage

 

 

Heritage in its broadest sense refers both to the tangible objects produced by past generations that have survived the ravages of time as well as the physical world  around us, the natural landscape with its geological and biological features. Heritage therefore is not fixed or fossilised but rather, an ongoing, dynamic tapestry. 

Green…The Colour of Sustainability

Posted on Mon September 17, 2012 | By Andre Kelshall

Green…..the colour of sustainability

 

 

The term “green” in recent times has taken on a whole new light when associated with any kind of physical land development. Today it is not only part of a colour palette being used, but a term that measures the level of sustainability of a project from its design through to its construction. It also takes into account the project’s operation and maintenance over its projected life cycle.

Relocating With Children: Selecting A School

Posted on Wed August 29, 2012 | By Susan Freer

Relocating to Barbados

 

Relocating to a new country can be both exciting and challenging. There’s the initial thrill of exploring a new country but there’s also the anxiety of leaving friends and family for an unfamiliar location. Choosing the right home is a key decision for successfully transitioning from one country to another.

Tech Support Analyst - Vacancy

Posted on Mon August 20, 2012 | By Administrator

Tech Support Analyst

 

 

You could be IT! A new and exciting opportunity exists for a Tech Support Analyst within our dynamic team! If you think you've got IT send your CV to the required email address.

Marketing Co-ordinator Vacancy

Posted on Mon August 13, 2012

Marketing Co-ordinator Vacancy

 

 

Do you love to communicate? We are looking for you! An excellent opportunity has arisen for a dedicated Marketing Co-ordinator. See our ad to find out more about this exciting position.

Think you have an insurance story? Wait till you hear mine!

Posted on Thu August 09, 2012 | By Richard P. Ince, CIP CRM

Protect your house

 

 

 

 

After nearly forty years in the insurance business, it is very difficult to avoid the topic. Invariably, the cocktail party discussion begins with....”Oh, so you’re that insurance guy (awkward silence).. well (heavy emphasis here), last year after ‘Tomas’.....” by now, others are listening, and the tales of woe begin to flow.

International Business and Financial Sector Makes An Impact

Posted on Wed June 27, 2012 | By Marita Greenidge

Barbados Parliament Building

 

 

 

 

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.

Career Opportunity - Real Estate Valuer

Posted on Mon June 25, 2012

Real Estate Valuer

 

 

 

Do you KNOW Barbados? We are looking for YOU! If you are a dynamic individual who is excited about real estate and ready to value Barbados the way we do, see our carrer opportunity ad.

Real Estate Then and Now

Posted on Tue May 29, 2012 | By Richard Edghill

Cedar Court, Wildey, Barbados

 

 

Real estate in Barbados has taken many turns in the last eighty years. My personal experience in real estate tracks back to 1972 when I invested in my first project, a small shopping centre. Three friends and I purchased the land and constructed the building with borrowed money.  The shopping centre was relatively successful but after a few years we were only covering interest costs so we sold it for the grand sum of BDS $350,000, with which we just about broke even. Recently a real estate agent offered me the same property for BDS $5 million not realising that I had previously owned it. 

Five More Reasons to Love Barbados

Posted on Thu May 10, 2012 | By Marita Greenidge

The Crop Over festival is not to be missed! (photo adapted from www.visitbarbados.org)

 

 

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.

Sometimes Children Know Best

Posted on Mon May 07, 2012 | By Damian McKinney

Woodland Great House, St George

 

Our children want many things that we have to decline for any number of reasons; maybe they have too much already, or maybe what they want is not good for them. But sometimes, our children know best. And sometimes the simplicity of their requests should be considered.

 

I found that to be the case during a vacation in 2006. My family was in Barbados, and one of my children asked, “Dad, can we live here?”

Cash-rich? Why It’s Still A Good Idea to Finance Your Real Estate Purchase.

Posted on Fri April 13, 2012 | By Maya A. Johnston

Bronte, Christ Church

 

 

Having decided to buy property, the question that is frequently posed by our Private Clients is how they should pay for it - should they finance or use cash?

 

In answering this question, I find myself torn between two mindsets. My family upbringing wants to blurt out that cash is king and that you should never borrow if you don’t need to, but the banker in me is almost legally bound to say “Why finance, of course. How much do you need?” Here’s why my banker alter-ego is actually right this time around.

Market Outlook and Emerging Trends

Posted on Wed March 21, 2012 | By Andrew Mallalieu, CPA MRICS

Real estate clock

 

Last year I opened the Pink Pages by speaking to uncertainty in the market. This year I thought I would provide you with “miscellaneous ramblings” of what we have seen in the market and what we are likely to see. While it is probably impossible to predict with complete certainty the direction of the market in every segment, I hope that from these perspectives you will have an indication of the direction that the market is likely to take. (Please do not skip to the conclusion as it may make no sense without following the progression in thought.)

Ten Reasons to Love Valley View!

Posted on Mon March 05, 2012 | By Marita Greenidge

Valley View

 

 

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:

Condominium Returns in Barbados: A Comparative Analysis

Posted on Fri March 02, 2012 | By Hayden Hutton - CCIM

Sapphire Beach Patio

 

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.

Valley View Barbados - LAUNCHED!

Posted on Thu February 16, 2012 | By Kathy-Dawn Burke

Valley View Barbados LaunchThis morning several Barbadian real estate agents had the opportunity to view the island's latest property released to the market ... Valley View. A new 37-home community in Vaucluse, St. Thomas, priced from BBD $722,000 (including house and land), this new development demonstrates one of the most compelling options for middle-income homes in Barbados.

Real Estate News from the UK Market

Posted on Mon February 13, 2012 | By Ramona Smart

Prices in Prime Central London climbed January 2012

 

 

 

Knight Frank, a leading independent global residential and commercial property consultancy, and the UK affiliate of Terra Caribbean sister comapny, Bajan Services Ltd., recently released an update on the UK Residential Market. I'm delighted to share this report which gives a snapshot of the UK housing market in January 2012.

Holetown Celebrations Start This Weekend

Posted on Fri February 10, 2012 | By Kathy-Dawn Burke

Holetown Barbados monument

 

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.

Barbados Property for Sale Under US$400,000

Posted on Fri February 03, 2012 | By Alexis. N. Trotman

Barbados Property for Sale Under $400,000

 

 

 

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

Hot Value!

Posted on Fri December 16, 2011 | By Marita Greenidge

South View

 

It’s the best value for property on Barbados’ South Coast. With prime land lots averaging 8,500 sq. ft. in size and starting at US$ 99,000, South View is five-star value! 

SWEET Property Returns!

Posted on Thu December 15, 2011 | By Marita Greenidge

Sapphire Beach1.jpg

 

Returns are certainly satisfying at Sapphire Beach!

 

Featuring modern, competitively priced, beachfront units, this condominium complex is a great investment opportunity.

Expanding Our Knowledge to Serve You Better!

Posted on Fri November 11, 2011 | By Marita Greenidge

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.

Where Have We Come From – Where Are We Going?

Posted on Mon October 10, 2011 | By Andrew W. Mallalieu

Barbados Real Estate Certainty is what we want; uncertainty is sometimes what we get. Making real estate decisions in times of uncertainty requires good research, experience and courage. We have seen courage paying off in the past six months; and we have seen weakness punished. My father told me that the best time to buy something was when you did not need to buy, but the vendor needed to sell. The reverse is also true.

Barbados Land Tax Ease!

Posted on Mon September 05, 2011 | By Symon Clarke

The Honourable Christopher Peter Sinckler, M.P. - Barbados

 

On Tuesday August 16th, The Minister of Finance, The Honourable Mr. Christopher Sinckler presented to the House of Assembly, the Financial Statement and Budgetary Proposals for the year 2011. Relevant to the real estate industry, there was a proposal to modify the land tax value bands, which at first glance would mean lower taxes.

The Root of Buying and Selling Property in Barbados

Posted on Tue August 09, 2011 | By System Administrator

 

Legal ProcessLEX Caribbean explains the laws and procedures of buying and selling Barbados property in their article taken from The Red Book 2011, written by Vidisha Hathiramani and Alana Goodman-Smith. We trust you will find this informative and please let us know if there are any other questions or comments you might have on the subject.

When buying or selling real estate in Barbados, purchasers and vendors alike often wonder what goes on behind the scenes, in terms of the process involved. Sometimes this question is posed in relation to the length of time it may take ...

The Gardens at South View - Well on the way!

Posted on Wed July 27, 2011 | By Kathy-Dawn Burke

South View entry wallsThe Gardens townhouses at South View in Kent are well under way.  Construction of the first ten units is moving ahead on schedule and the building team at Creative Designs Barbados Limited are up to roof level on most of the units.

Take a look at some of the progress photos here, and give us a call to arrange a site visit (246) 421-HOME (4663)

When Reality Bites In Paradise - Covering Your Assets

Posted on Tue July 12, 2011 | By Kathy-Dawn Burke

Tranquil Caribbean ocean BarbadosBeing the start of our hurricane season we thought we would share one of the informative insurance articles from The Red Book 2011, written by Richard Ince of CGM Gallagher (formerly Atria Insurance Brokers) ... Enjoy! We hope you will find it helpful and please let us know your thoughts!

So, you have found your “dream-of-a-lifetime” home! You walk off your patio and it is twenty yards to a perfect Barbados beach encircled by the calm blue water of the Caribbean Sea. A natural paradise!

Land Tax 2011

Posted on Wed June 29, 2011 | By Andrew Mallalieu

Within the past week the new notices of valuation have been arriving at mailboxes around the island.  In Barbados, every three years is a valuation year. The last valuation year was in 2008, thus making this year, 2011, a valuation year as well. Here is a quick background on the valuation legislation and the process to be followed.

A Tremendous Achievement for Barbados: Bridgetown Now A World Heritage Site

Posted on Tue June 28, 2011 | By Kim Howard

The Clock Tower at The GarrisonBarbados now has the international distinction of being included on the United Nations-managed World Heritage List. News of this came this past weekend from Paris, France when the World Heritage Committee determined that “Bridgetown and its Garrison deserved a place on the List.” The list includes over 900 cultural or natural sites all over the world, which are deemed to be of outstanding universal value.

Barbados Campaigns for Inclusion on the World Heritage List

Posted on Tue September 14, 2010 | By Kim Howard

Sweetfield ManorHistoric 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.

Barbados Rental Property: Flexibility Brings Success

Posted on Mon August 23, 2010 | By Kim Howard

Karyn Rezende - Agent

In today's highly competitive real estate market landlords can struggle to get properties rented at the rate that they want. For many this creates a dilemma. Should they continue to wait for the right tenant who is willing to pay what they're asking? Or should they consider reducing the rental rate and get a new tenant in the property as soon as possible? Of course there are advantages and disadvantages in either approach.

For Rent to Rented - Nine DOs and DO NOTs

Posted on Wed August 18, 2010 | By Kim Howard

Just RentedMost people who offer property for rent want a tenant moved in as soon as possible. Recently we helped one of our clients to get their apartment rented in just over 48 hours! The client was thrilled, the tenant was thrilled and so were we. While scenarios like this are uncommon, there’s much that can be done to reduce the length of time it takes to get your property rented. Here are some key tips to take you on the fast track from “For Rent” to “Rented”.

First Time Buyer: Securing Property

Posted on Fri August 06, 2010 | By Kim Howard

After seeing one of our emailsLand For Sale with land for sale in Barbados, Ron, a first time buyer sent us a question. He asked:

How much would I have to pay upfront to secure this piece of land?

We’re always happy to answer real estate questions, especially from a first time buyer!