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Terra Caribbean - Blog

Q4 - Sales and Rentals Report

Tuesday, March 09, 2021 | By Terra Caribbean
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Our brokerage agents Betty Cathrow and Emma Hutson have come together again to review the final quarter of 2020.
 
What they observed:
 
RENTALS:
  • The majority of demand continued to be from foreigners moving to Barbados mid to long term on the Welcome Stamp.
  • The maximum rental rate in Q4 2020 was three times higher than Q4 2019.
  • There were significant increases in demand for 1- 4 bedroom properties.
 
SALES:
  • We closed an impressive 26% more transactions in Q4 2020 compared to Q4 2019.
  • The demand for houses and townhouses increased in line with trends we have seen since Covid.
  • In line with expected industry trends, average achieved sale prices continued to be highest in St. James and St. Peter.
 
For a more in-depth look at the report click the link- http://bit.ly/3emsimn
 
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