Should You Rent or Buy an Investment Property Overseas?
The Effects of Weather on Overseas Investment Property Value
Find out how weather conditions impact the value of your overseas investment property and what factors to consider to make a smart investment.
Sunset Views: Your next Land Purchase? We think so!
Discover Sunset Views, a picturesque land development in St. Thomas, Barbados, offering expansive lots between 6,200 and 9,300 sq. ft. Perfect for building a private retreat, Sunset Views combines countryside tranquility with urban convenience, just 10 minutes from Warrens and Welches.
Dispelling Common Myths About Renting in the Caribbean
The Economic Benefits of Overseas Property Investment
If you want to invest in property, it may be worth your while to consider international options. Here are the economic benefits of overseas property investment.
Long- vs. Short-Term Rental Properties: A Brief Comparison
Tips for Screening Tenants In Your Overseas Property
Managing Natural Disaster Risks at Your Caribbean Property
The Caribbean is susceptible to various natural disasters. Here’s how to prepare for and manage natural disaster risks at your Caribbean property.
Common Mistakes People Make When Renting Overseas
Property Covenants: What They Are and Why They Matter
The Dos and Don’ts of Buying a Beach House
Things Foreigners Should Know About Barbados Culture
Embracing Energy Efficiency: A Facility Management Perspective
In our Facility Management practice, we have implemented different initiatives, particularly the use of LED Energy Star-rated products, which has resulted in annual savings for property owners.
5 Benefits of Choosing To Live in Barbados
5 Myths and Misconceptions About Renting Overseas
Tips To Help You Prepare Your Vacation Home for Sale
Things To Consider When Screening International Tenants
5 Tips for First-Time Renters When Renting Overseas
Services Property Management Companies Typically Provide
The Pitfalls of Overpricing Your Property: A Guide for Sellers
In this article, we'll explore the reasons why overpricing your property when listing it for sale can be a costly error in the Barbados real estate market.
A Brief Look at the Barbados Real Estate Market in 2024
Should You Consider Renting Out Your Barbados Home?
The Benefits of Using a Real Estate Agent in Barbados
When it comes to navigating the intricate world of real estate in Barbados, enlisting the assistance of a qualified real estate agent can be a game-changer. Their expertise and array of services can not only streamline the process but also enhance your chances of discovering your dream property while making well-informed decisions. Here’s a comprehensive guide on why and how you can make the most of a real estate agent’s support in Barbados.
3 Tips To Market Your Barbados Property to Buyers
Is Buying Repossessed Houses a Good Investment?
When Is Renting a Property Better Than Buying?
4 Tips for Buying an Investment Property Overseas
Why You Should Consider Renting in Barbados
Exploring the Benefits of Buying a Vacation Home
Entertainment Options in Barbados Your Family Will Love
Things To Consider Before Selling Your House Overseas
3 Benefits That Come From Selling Your Home
Barbados Real Estate Laws You Should Know
Long- vs. Short-Term Rentals: Which Is Right for You?
Things To Know Before Renting a Property
Tips To Help You Find the Right Caribbean Property
5 Reasons To Invest in Real Estate in Barbados
The Value of Facility Management Inspections
Inspections are important for any facility management company. Keep reading our blog to learn the value of facility management inspections.
Environmental Sustainability in Commercial Buildings: A Facilities Management Perspective
Effective management of sustainable buildings is absolutely necessary for its initial status and objectives to be realized and maintained.
The Dos and Don’ts of Renting a Beach House
5 Caribbean Holiday Traditions To Celebrate This Year
Residential vs. Commercial Real Estate: The Differences
What To Know About the Different Types of Rental Properties
Common Mistakes To Avoid When Buying Property in Barbados
What You Should Know About the Cost of Living in Barbados
The Differences Between Caribbean and American Culture
What To Know About Investing in Caribbean Real Estate
All You Need To Know About the Biggest Cities in Barbados
5 Tips for Safe Driving While in Barbados
Buying vs. Renting in Barbados: What To Consider
A Guide to the Weather and Climate of Barbados
Being prepared for the weather is half the battle when it comes to traveling somewhere new. Delve into what you can expect from Barbados all year round.
The Basics of Barbados’ Traditions and Culture
The Benefits of Having Your Company Based in Barbados
How To Prepare To Put Your Barbados Home on the Market
The Essentials for Enjoying Tropical Island Life
The Current Real Estate Market in Barbados
How To Handle a Multiple Competing Offer Situation
Must-Visit Shopping Destinations in Barbados
The Top Dos and Don’ts of Living in Barbados
Things To Know Before Becoming a Landlord in Barbados
How Long Can You Live in Barbados Without Becoming a Citizen?
West Coast Versus South Coast Property in Barbados
Services Facility Management Companies Typically Provide
Thoughts on Residential Living in the Bridgetown City Centre
With significant levels of vacancy across the City Centre of Bridgetown, we sought to explore the notion of re-introducing Residential Living as an added usage by conducting a brief survey.
The Importance of Preventative Maintenance for Your Facility
Marketing Steps for Advertising Your Home
Top Tips for Living in Barbados
Common Mistakes When Buying a Home in Barbados
Going from Short-Term to Long-Term
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
The Best Caribbean Islands To Invest in Real Estate
There's much to consider when deciding where to build a tropical home. Our guide to the best Caribbean islands to invest in real estate will help you choose.
The Welcome Stamp Experience
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’.
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
A Guide To Selling Property in Barbados
The Renting Process in Barbados
How To Buy A House In Barbados
Tips on How To Buy Property in Barbados
Barbados is the perfect spot to purchase land for investment or build your dream home. Consider some tips on how to buy property in Barbados to get started.
The Welcome Stamp
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 Law | Terra Caribbean
Barbados property owners who don’t regularly inspect their holdings risk claims under adverse possession law. Learn about the risks of allowing squatters here.
Property Spotlight - Maranatha
Spacious, Maranatha is a lovely open-plan home in Durants. Perfect for entertaining.
Welcome to Barbados!
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
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
Better Property Pricing in the Barbados Property Market
Understanding the Barbados property market helps you determine a realistic value for your home when selling and a fair price when buying property in Barbados.
12 Month Barbados Welcome Stamp
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
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?
Property Feature - Grand View Cliffs 38
A fantastic 3 bedroom family home offering one of the best views on the island.
The Re-Launch of Primo Bar & Bistro
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
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.
Re-Thinking 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).
Water Zones & Development - Tomorrow
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.
Can I still buy?
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!
Diving into the rental realm during COVID-19
How do we breach the conversation on rental rates with our current landlords and tenants?
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
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.
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.
Water Zones & Development - Today
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?
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
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
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
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.
What's Happening in St. Philip
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
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.
We Gatherin' Barbados 2020
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
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?
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
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
“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
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
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?
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
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?
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.
The Estates at St. George
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
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
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…
Why Agents Price the Way They Do
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
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?
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?
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
Why your facility manager could also be (or perhaps should be) your next project manager.
The Villages at Coverley Then & Now
The Villages at Coverly, Barbados was the dream of a committed team that has become a reality. Here, we look back at The Villages at Coverly then and now.
Where Digitization and Real Estate Intersect
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
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?
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...?
Leasing a commercial space? - Here's what you need to know
If you are interested in leasing commercial space, here’s a smidgen of information to get you started.
Thinking of flying the nest?
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
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.
Experience Barbados’ Most Popular Season!
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
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.
The Estates at St George
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
Learn more about life in the parish of St.Philip through the eyes and expertise of our agent Sue Armfield.
Land Tax Changes - In Full Effect
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?
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.
Christ Church
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
Join our agent Lisa Coyle as she pledges to enact easy at home "going green" steps.
Month End Wrap Up
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®
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!
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
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?
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?
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.
All Aboard at St. Nicholas Abbey
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
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!
Terra Caribbean: 2018 In Review
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!
A new and hip South Coast experience, Blue Pineapple
Located on the Hastings boardwalk, the Blue Pineapple brings a totally different vibe to the South Coast.
2019: The Year of Real Estate Resolutions
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
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!
Barbados is looking more inviting than ever for 2019 and with great leadership, we are seeing positive results.
Adams Castle Estate- Lots in a great area
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
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!
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
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.
A Real Estate Minute - Episode 3
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
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
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!
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
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
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
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!
A Real Estate Minute - Episode 1
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
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.
Land Tax and the Law of Gravity
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!
Join us on Saturday, July 14th 2018 from 9am-2pm for an Open Day at South View!
Lets Take A Caribbean View
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
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
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
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
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
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.
How Does Your CAM Stack Up?
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.
Barbados Beachfront Property & the High Watermark
As a property owner in Barbados, it’s important that you’re aware of Barbados beachfront property and the high watermark. Click here to learn more.
First-Time Buyers - The Real Cost of Home Ownership
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.
Perspectives on Pricing
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
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.
Go for Gold This Weekend!
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!
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?
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!
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
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.
Looking for a place to call home?
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?
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!
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
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?
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
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!
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!
Homes with Unique Extras
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?
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.
Could You Be Our Missing Link?
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
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
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?
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
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 .
Investor Attitudes Survey 2017
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
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.
Commercial Property Hurricane Preparedness Tips
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
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
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
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!
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.
Introducing the Country Club Cottages
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
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!
Terra Teams Conquer Rally Barbados 2017
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!
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!
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 Real First Step to Purchasing a Home
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
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!
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
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
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
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!
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.
50 Years On
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
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.
Come Join Us at The Grove Open Day!
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
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.
Introducing The Grove Development!
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
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’.
Why Invest in Beachfront Property?
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
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
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
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
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.
First Impressions Do 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.
Relocating to Barbados? Our Agents Can Find You A Home!
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
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
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?
"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!
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
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."