Barbados
Buy
Rent
Blog - Port Ferdinand

Real Estate Then and Now

Posted on Tue May 29, 2012 | By Richard Edghill

Cedar Court, Wildey, Barbados

 

 

Real estate in Barbados has taken many turns in the last eighty years. My personal experience in real estate tracks back to 1972 when I invested in my first project, a small shopping centre. Three friends and I purchased the land and constructed the building with borrowed money.  The shopping centre was relatively successful but after a few years we were only covering interest costs so we sold it for the grand sum of BDS $350,000, with which we just about broke even. Recently a real estate agent offered me the same property for BDS $5 million not realising that I had previously owned it.