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.
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.
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.
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.
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
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.