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Terra Caribbean - Blog

Water Zones & Development - Tomorrow

Posted on Fri June 26, 2020 | By Lisanne Graham , Leader - Advisory

 

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.

The Hospitality Industry of the Future

Posted on Wed May 20, 2020 | By Lisanne Graham , Leader, Advisory Services

THE HOSPITALITY INDUSTRY

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

Posted on Thu May 14, 2020 | By Lisanne Graham , Advisory Services

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

Posted on Thu May 07, 2020 | By Lisanne Graham , Leader - Advisory Services

Water Zones & Development

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? 

Property Tax Valuation

Posted on Wed March 11, 2020 | By Lisanne Graham, Leader - Advisory Services

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. 

Before You Get A Valuation

Posted on Fri January 24, 2020 | By Lisanne Graham, Leader - Advisory Services

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.

Advisory Services - What We Can Do For You

Posted on Tue December 17, 2019 | By Lisanne Graham, Leader - Advisory Services

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!

Proposed Land Tax Changes

Posted on Mon April 08, 2019 | By Lisanne Graham

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.

Land Tax and the Law of Gravity

Posted on Wed July 25, 2018 | By Lisanne Graham, Terra Caribbean

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.

Beachfront Property and The High Watermark

Posted on Thu April 26, 2018 | By Lisanne Graham

Beachfront land has always had great appeal to persons wanting to own a piece of paradise. In Barbados, beachfront development has ranged from as far north as Port St. Charles, all the way down to The Crane Private Residences in the South-East of the island. Over the years, this range has seen increasing prices as the supply of land, villas and condos declines.

Property Valuation 101

Posted on Fri September 08, 2017 | By Lisanne Graham , Leader - Advisory Services

Lisanne Graham

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.

Regulated by RICS

Posted on Tue March 28, 2017 | By Lisanne Graham

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”.