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.
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.
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?”