Barbados is looking more inviting than ever for 2019 and with great leadership, we are seeing positive results.
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.
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.
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.
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.
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!
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.
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!
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.
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’.
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!
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.
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.
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.
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.)
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:
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.
This 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 $722,000 (including house and land), this new development demonstrates one of the most compelling options for middle-income homes in Barbados.
It’s the best value for property on Barbados’ South Coast. With prime land lots averaging 8,500 sq. ft. in size and starting at US$ 99,000, South View is five-star value!
Returns are certainly satisfying at Sapphire Beach!
Featuring modern, competitively priced, beachfront units, this condominium complex is a great investment opportunity.
The 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)