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Things To Consider When Buying Property in Barbados

Posted on Thu March 14, 2024 | By Terra Caribbean Barbados
Things To Consider When Buying Property in Barbados
You must know a few things if you’re thinking about purchasing a home in Barbados. Check out this shortlist of considerations before you click “buy!”.

Buying Homes Overseas vs. Domestic: What’s the Difference?

Posted on Mon December 04, 2023 | By Terra Luxury
Buying Homes Overseas vs. Domestic: What’s the Difference?

Are you trying to decide between buying a home locally or overseas? We’ll explain the difference between the two options to help you make a suitable decision.

Apartment or House: Which Rental Will Work Best for You?

Posted on Thu June 30, 2022 | By Terra Luxury
Living in Barbados is a dream for many people, but knowing how to go about it is challenging. Explore whether an apartment or house rental is best for you.

Long-Term Rental vs. Buying a Home in Barbados

Posted on Tue October 19, 2021 | By Terra Luxury
Long-Term Rental vs. Buying a Home in Barbados
Renting in Barbados is ideal for those looking to get to know the island, while buying property is a wise investment for those with a love of resort living.

Tips for Buying a Luxury Home | Terra Luxury Barbados

Posted on Thu December 17, 2020 | By Terra Luxury

Achieving wealth creates new opportunities. Buying a luxury home in a tropical locale, such as Barbados, offers a lavish life with a gorgeous backdrop.

Property Spotlight - Marsh Mellow

Posted on Wed July 01, 2020 | By Terra Luxury

Mark Mellow Villa

Offering unmatched panoramic views of the island's pristine west coast and a unique architectural design, Marsh Mellow is the symbol of luxury living. 

Property Spotlight - Bluff House & Cottage

Posted on Thu April 16, 2020 | By Terra Luxury

Experience double the luxury at the enchanting Bluff House and its Cottage - nestled on over an acre of mature, serene gardens and boasting an enviable Sandy Lane address. 

Monkey Manor, Royal Westmoreland

Posted on Fri March 20, 2020 | By Terra Luxury

Elegant and contemporary in design, Monkey Manor is set within the exclusive Royal Westmoreland community. Sitting on just under one acre, this stunning villa is located at the top of Palm Ridge with views of the Caribbean Sea from the first floor. The main house opens through a 25 ft.-ceiling foyer to an open-plan layout with marble floors, coral render, vaulted tray ceilings and intricate details.

 

When You Know You Know

Posted on Wed March 11, 2020 | By Karyn Fakoory, Real Estate Agent

Most of my clients have heard me say, “you have to kiss a lot of frogs!”. I am referring to the number of houses that you sometimes have to see before you find THE ONE. Searching for the perfect home, whether it be the primary home for you and your family or a second (or third) home, brings with it a lot of emotions: excitement, anxiety, impatience, surprise and sometimes even resignation.

Shamal, Royal Westmoreland

Posted on Mon March 02, 2020 | By Terra Luxury

Located within the exclusive world-class Royal Westmoreland Resort, Shamal enjoys extreme privacy with stunning golf course views and a window to the sea. Lined with palm trees and beautifully landscaped gardens, the driveway lends for a picturesque entrance to the home.

Barbados' Beachfront

Posted on Mon February 24, 2020 | By Laura Rotchell, Real Estate Agent

 

Beachfront will always be the best investment. You pay a premium to be on the water, as that is where the majority want to be during their stay on our beautiful island!

Barbados - The Caribbean's Long-Time Favourite

Posted on Fri February 14, 2020 | By Terra Luxury

Exciting news! Our partners at Knight Frank have just released their International Property Digest featuring Barbados and it is definitely a real estate ‘must read!’

Reviving Sandy Lane

Posted on Thu February 06, 2020 | By Jeanie Mahon, Real Estate Agent

Well Well...

Since 2018/2019, the traditionally prestigious Sandy Lane Neighbourhood has gained some momentum with a number of recent property deals and buzzing sales interests. Historically ‘the place to be’ for wealthy families pre-market crash, Sandy Lane experienced a dip in the market for say, the last decade. However, over the course of the last year and a half, the market has witnessed some revived interest. We have found this interest to be mainly in modern and new homes and/or properties with fair asking prices. Here are some to name a few:-

Be Mesmerized by Morpheus House

Posted on Fri January 24, 2020 | By Terra Luxury

Located on the exclusive ridge of Jasmine Heights, Morpheus House exudes modern luxury and elegance. Sitting on over 34,000 sq.ft. of land the home commands uninterrupted golf course views over the 15th green with breathtaking ocean views beyond.

Why Make Barbados Home

Posted on Fri January 17, 2020 | By Laura Rotchell, Real Estate Agent

I recently had the opportunity to interview a new International homeowner of mine who has just purchased a beautiful beachfront apartment located on the prime west coast. I wanted to pick his brains to understand what made him decide to invest in Barbados this year. Check out the interview below to see why he decided to make Barbados his second home!

Monthly Wrap Up

Posted on Thu January 09, 2020 | By Rachel McCartney, Leader - Brokerage

It’s 2020! I always start the year with reflecting (not looking back… because the only time to do that is when you are reversing) on achievements and then use that to frame my mind on what I want for myself and my team.

What a year 2019 was! Some may say it wasn’t great but I think it’s where your mindset was. I saw growth; growth with my team, stronger bonds and in turn more sales due to cooperation and with the known fact that two heads (or sometimes 21 heads) are better than one.

This blog is not only about the top 10 sales for 2019 but what I learned from my resilient team and the process along the way. They really are a bunch of rockstars!

Here we go!

Buying a Home as a Real Estate Agent

Posted on Wed November 06, 2019 | By Rachel Edwards, Leader - Brokerage

Everyone’s first is a little awkward … right?

At the stroke of midnight on 1st January 2019, I said to myself that this is the year I will buy my first home. Since I moved to Barbados, I have rented a total of 9 properties. Never have I felt settled.  Never have I felt good about paying rent and upkeeping someone else’s home when I knew that it wasn’t mine.

Brexit, What this means to Barbados

Posted on Wed October 23, 2019 | By Karyn Fakoory, Real Estate Agent

They do not call us Little England for nothing! My car stereo is locked onto BBC as my listening choice while I am on the road, and Brexit has been the trending topic for the last couple of years, and especially now with October 31st looming overhead. Will there be a No-deal Brexit? What will this mean for the UK going forward?

Better Than Beachfront

Posted on Wed October 02, 2019 | By Terra Luxury

Marsh Mellow

Barbados’s marketing as a Tourism destination focuses on white sand beaches and crystal-clear blue water, but did you know that just a stone’s throw away from those sandy beaches are lush tropical gardens, ridge top locations that offer panoramic views and expansive property lots?

2019 - The Year to Invest in Luxury Property

Posted on Thu July 04, 2019 | By Anna-Lee Warren

2019, the year to invest! Our agent Anna Lee Warren tells us why in her latest blog. 

Be Amazed by Aurora

Posted on Thu May 16, 2019 | By Terra Luxury

An exquisite Larry Warren design, Aurora is located on an extremely desirable lot within the exclusive Sandy Lane Estate on the West Coast of the island. 

  

A Friday Spent With Knight Frank

Posted on Fri April 05, 2019 | By Terra Luxury

Andrew -Knight Frank

Andrew Blandford-Newson of our London-based affiliate Knight Frank met up with our agents recently to tour a few properties. Take a listen as he gives us his insights into why you should choose Barbados for your next luxury real estate purchase.

2019: The Year of Real Estate Resolutions

Posted on Wed January 02, 2019 | By Terra Luxury

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 for the perfect time to work towards your real estate resolution. 

Top 5 Properties This Week

Posted on Mon December 17, 2018 | By Terra Luxury

Schooner Bay 305

Island living is irresistibly sweet on its own; but when paired with the interiors, amenities, and views of these 5 amazing properties, it becomes that much more decadent. 

Ushering in the Winter Season

Posted on Wed November 21, 2018 | By Terra Luxury

Knight Frank Affiliate Edward de Mallet Morgan

We’re excited to welcome Edward de Mallet Morgan from our affiliate Knight Frank to Barbados ahead of the upcoming winter season. He will be meeting with our agents, checking out our newest luxury listings and planning for the upcoming season.

Take a virtual tour of The St. James!

Posted on Tue September 18, 2018 | By Terra Luxury
 
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 at The st. James and The One at The. St. James. Each feature a breathtaking contemporary design

Top Ten Condos for September

Posted on Thu September 06, 2018 | By Terra Luxury

Condo living really is the new chic, and the picturesque views, modern designs and contemporary décor that have become synonymous with condos makes it hard to deny. While detached homes are still en vogue, there is just something about the charm of living within an exclusive community of like-minded persons that is highly appealing to prospective buyers. So, we’re continuing our September tradition by presenting to our readers and clients the top ten condos of the month!

The Top 5 Properties This Week!

Posted on Wed August 15, 2018 | By Terra Luxury

The Terra Luxury property market caters to the niche luxury property market in Barbados. A continued partnership with leading global property firm, Knight Frank, strengthens Terra Luxury’s international reach, reinforcing the exclusivity of its clients’ luxury homes and extending its services to discerning clients worldwide who aspire to own an exquisite property in Barbados. This week, we share with you our Top 5 Listings for the week, with valuable agents insight on just what makes each luxury property, perfect in its own way!

Special Development Areas Act

Posted on Thu July 26, 2018 | By Terra Luxury

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).

Residential Building Costs and Recorded Building Starts

Posted on Wed July 25, 2018 | By Terra Luxury

Building starts provide an accurate method in determining the level
 of economic activity in the construction industry.

The Tradition of Luxury

Posted on Wed April 11, 2018 | By Terra Luxury

Pollards Mill

Within the context of real estate, Barbados is steeped in a history of sugar cane estates and a style of countryside living that served as an ode to mother nature. The signature of luxurious living was defined as stately homes trimmed by towering palm trees and other lush vegetation, while the structures themselves bore an appearance in-keeping with the soul of Georgian-, Jacobean- and Victorian-era architecture and the Palladian style. In addition, the interiors were often very spacious, with a dominance of coral stone and wooden trims and accents.

What does US$1M get you

Posted on Thu January 11, 2018 | By Rachel Edwards, Sales Manager

Rachel Edwards, Sales Manager

As the Winter Season rolls into 2018, it seems timely to share empirical insight on what $1M can buy. There has never been a better time than the current real estate market to purchase a home in Barbados.

Real estate market trends reveal that homes listed for at least 2 to 3 seasons, with no successful buyers, has caused sellers to rethink their property prices for an advantageous sale.  To accommodate this, motivated sellers may be willing to work out a mutually beneficial deal with an attractive offer or adjust their properties’ prices to snag the right buyer. For west coast buyers this is excellent news as that exclusive market now has the best property prices that it has seen in the past 10 years!”

So, that said, what can $1M get you? Luxury. West Coast Living and yes… Beachfront property!

Second Homes with Benefits

Posted on Fri December 08, 2017 | By Betty Cathrow, Real Estate Agent

Betty Cathrow, Real Estate Agent

Clients invest in real estate for a variety of reasons. Today we meet more and more clients who want a second home where they can holiday each year, whilst not having to worry about declines in value, or additional cash outlays for annual running costs.  In a similar vein, we also meet local clients who are looking for alternatives to cash investments, which can earn a return.  The good news is that there are some opportunities out there and, with the right advice, both of these buyers can fulfill their vision.

House Hunting Checklist

Posted on Fri November 24, 2017 | By Karyn Fakoory, Real Estate Agent

Karyn Fakoory, Real Estate Agent

Choosing a second home is an exciting prospect, but for some it may be equally overwhelming. Through years of experience and client feedback, our agent Karyn Fakoory has found that it may be helpful for homebuyers to outline key "must-haves" before they start their search. She has come up with a detailed checklist, and invites all prospective homeowners to use it as a key tool to assist in the decision-making process.

 

 

Coral Sundown: Home to the Stars

Posted on Fri August 04, 2017 | By Terra Luxury

Nestled within the beautiful private community of Sugar Hill is the ridge-front beauty that is Coral Sundown. Its location and grandiose nature is befitting of a king, and it is no surprise that this property has been the ‘beloved holiday home’ of musical royalty - Sir Cliff Richard.

The Perfect 10

Posted on Fri March 10, 2017 | By Hayden Hutton CCIM, MRICS , Chief Operating Officer

“Real Estate values in Barbados never go down.” Seems hard to believe but just ten years ago, this was the signature adage about the Barbados real estate market. The view was that property values generally increased, levelled off at times, and then increased again.

Greensleeves: Quintessential Luxury

Posted on Tue January 31, 2017 | By Terra Luxury

One of a kind.

The best residence in Barbados.

Warm and welcoming.

Enchanting.

The Price of Luxury

Posted on Fri January 27, 2017 | By Rachel Edwards, Sales Manager

At Terra Luxury, we provide beautiful luxury villas in Barbados that make you feel like royalty. Browse our stunning villas today for the perfect getaway.

WHY BARBADOS? WHY NOW?

Posted on Thu November 17, 2016 | By Karyn Fakoory , Real Estate Agent

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.

Royal Westmoreland Barbados

Posted on Wed August 03, 2016 | By Terra Luxury

Finding a location with rolling hills and tropical accents is easier than ever. Let’s investigate the history and lifestyle of Royal Westmoreland Barbados.

Barbados’ Tourism Resurgence

Posted on Wed July 27, 2016 | By Tarik Browne, Group Knowledge Manager

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. 

 

Apes Hill Club

Posted on Mon July 25, 2016 | By Terra Luxury

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.

THE HISTORY

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.

 

The Value of a Valuation

Posted on Mon July 25, 2016 | By Symon Clarke , MRICS - Manager - Advisory Services

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.

Plantations 101 - A Brief History

Posted on Fri May 27, 2016 | By Hayden Hutton, CCIM MRICS


 

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.