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:
As is expected, we real estate practitioners in Barbados have been speculating and trying to forecast the short- to long-term effects associated with the fact that the citizens of the United Kingdom have voted to leave the European Union. The possibilities coming out of the so-called Brexit have ranged from scenarios of depression and out-right doom and gloom, to frenzied optimism. However, we sit with bated breath as it remains to be seen how the chips will truly fall.
Dear Clients and Friends,
Terra Luxury represents some of the best properties on the market, so it only seems fitting to present them on one of the best websites in the market. Some months ago we set out to build such a website with our efforts centred around three defining pillars: 1) to provide you with a superior online viewing experience, 2) to deliver a bespoke presentation of flagship properties, and 3) most importantly, to give our sellers more of what they deserve – one-click access to data and knowledge throughout the sale of their property.
We are looking for an energetic and highly motivated individual to fill the role of Facility Manager. If you are self-motivated, flourish in a busy environment, with skills in leadership, ability to think outside of the box and are adept at managing key relationships, we need to talk.
We are looking for a marketing 'guru' with a fun and energetic personality to take our Blue Sky Luxury brand to the next level! We are a luxury holiday rentals firm with a vast portfolio of villas and condos along the west coast of Barbados, and as the 'brand guardian' you will be tasked with maintaining the intergrity of the brand across all marketing initiatives and communications.
To hear the words Barbados, birdie and eagle in the same sentence may seem odd but mundane; but, to the pert ears of those in-tune with the sport, it undoubtedly screams golf. Beyond the bewitching beaches that coerce you to stay waterside when in Barbados, there is another world lying in wait that presents grandiose greens, fantastic fairways and pesky bunkers. There isn’t a truer case of this than on the western seaboard in the parish of St. James, where tee time is any time at three of the most prestigious golf spots on the island - Sandy Lane, Royal Westmoreland and Apes Hill.
It’s one of the buzz phrases heard around the real estate and tourism industries. But whether we are speaking about an investment property or a luxury condo, do homeowners know what it takes to make Holiday Rentals a successful venture?
Kathy Dawn Burke, of Blue Sky Luxury, the holiday rental and property management brand, (and our sister company) explains the process in detail.
Nestled on over 750 acres of rolling landscaped lawns, broken up by dramatic colours and tropical oases you will find the ultra exclusive Royal Westmoreland, one of Barbados’ finest luxury communities.
The global financial crisis in 2009 had a profound impact on Barbados’ tourism industry. Arrivals dipped sharply, and after a recovery in 2011 failed to be sustained, 2013 saw the lowest long stay visitor arrivals since 2002. Since then stakeholders have implemented a revamp of the government support structures for the industry, and along with increased confidence in the global economy, arrivals have gone from strength to strength. Total arrivals were up by 13.7% in 2015 and nearly 17% from the low in 2013.
The Apes Hill Golf and Polo community is one of Barbados’ newest luxury developments, set high on a ridge with rolling country and coastal views, tropical charm and perfect privacy.
Elevated at an impressive 1000 feet above sea level it enjoys sweeping views of the Caribbean Sea to the West and in many locations the wild Atlantic Ocean to the East, a truly unique vantage point and one of its many draws for those looking to put down their roots in an island valued for its privacy.
Real Estate is complex, and for that reason, clients require the property valuation experts to provide Market Valuation reports for their various purposes. The interest you hold in a property heavily influences your perception of the property’s value. During this recessionary period it has been particularly challenging reconciling market reality with perceptions, given the general fall-off in market prices.
Estimated Read Time 2 min & 30 sec
For discerning investors looking to lay down their roots in Barbados, one of the ultimate ‘zip codes’ would be the Sandy Lane Estate. Quiet and serene, exclusively private and centrally located along the Platinum Coast of the West, these homes are the epitome of island luxury.
What began as the brainchild of Sir Ronald Tree, a British politician who built the wonderfully Palladian home of Heron Bay (now famously owned by Lord and Lady Bamford), is now one of the most sought after pieces of real estate in the Caribbean. When Sir Ronald established the Sandy Lane Hotel in 1961 he was ‘protecting’ his much beloved West Coast neighbourhood from the inevitable influx of travelers that the new jet-set age would bring to our shores. He secured the 375 acres of the Sandy Lane Sugar Plantation for his development of a luxury upscale hotel and exclusive residential community with a private golf course. His legacy has weathered every economic challenge over the past 55 years and the Sandy Lane Hotel and homes in the estate have remained iconic symbols of wealth and status, attracting visitors and investors from all over the world who dream of owning the ultimate Caribbean address.
Living a stone’s throw away from pristine white sand beaches and any-time ocean dips is a luxury almost everyone craves. After all, let’s face it; with one look at those turquoise Caribbean Sea views, it’s hard not to sink into relaxation mode. Luckily in Barbados, we’re spoilt with an endless selection of beaches from the more tucked-away spots ideal for seclusion to the activity-packed shores bursting with family fun.
In February 1961 and with just 52 rooms, the Sandy Lane Hotel opened its doors to welcome its first guests. The establishment of the hotel was the brainchild of Sir Ronald Tree, a British politician who built a magnificent Palladian home on 20 acres on the West Coast known as Heron Bay. Cognisant of the burgeoning travel numbers to the Caribbean enabled by the jet age, Sir Ronald was concerned that his beloved Heron Bay would soon be surrounded by flashy resorts and middle-income retirees. His vision was to pre-empt this by establishing a luxury hotel and community with a golf course, and he determined that the Sandy Lane sugar plantation was the ideal location. Permission was sought from then Prime Minister Sir Grantley Adams to convert the estate out of sugar production into a building estate and to relocate the main highway that ran directly through what eventually became the main restaurant and bar. With financing arranged out of the UK, Sir Ronald and his colleagues (including names like Rothschild and Kindersley) formed the development company West Coast Limited. They purchased the estate from the Barbados Shipping & Trading and the hotel broke ground in mid-1958.
Racing fans have long hailed Barbados as THE premier destination for the ultimate race experience. The sun, sea and sand make it the perfect holiday destination for the family, while the exciting off-road and islandwide rally events keep the racing enthusiasts energized with thrills, spills and lots of action. With the recent completion of the world class circuit at Bushy Park and the highly publicized addition of internationally acclaimed events such as the Top Gear Festival, Race of Champions and Global Rally Cross, the island can definitely congratulate itself for bringing the world of racing to a whole new cross-section of visitors. (Sun-worshippers and golf enthusiasts, we’re talking to you!) This is the adrenalin rush you never knew you needed!
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.
Terra Caribbean, a well-established and reputable real estate leader in Barbados, is excited to announce the launch of its new dedicated luxury real estate division, Terra Luxury. Built on the heritage, knowledge and experience of both Bajan Services and Terra Caribbean, Terra Luxury caters to the niche luxury property market in Barbados. The launch of Terra Luxury is part of an ongoing client-focused strategy at Terra Caribbean to refine and enhance its portfolio of services by providing dedicated teams and resources for each segment of the Barbados real estate market.
Barbados is well-known for its polo events and polo communities with a seasoned programme of tournaments spanning January through to April. For instance, Apes Hill Club is a highly sought-after community which features many luxury properties for sales and rent with the convenience of nearby polo and golf amenities. One of the recent polo highlights in Barbados was the UNNA and ICBL Cheshire Polo Tour.