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!
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!’
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:-
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.
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!
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!
Make your Barbados stay permanent! Explore The Luxury List 2020 to find the finest properties the island has to offer. No matter your preference, you'll find what you're looking for here. View online today or grab your very own copy from the offices of Terra Caribbean or Terra Luxury.
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?
Take a leisurely stroll through the stunning vacation home of music legend Sir Cliff Richard!
Introducing The Luxury List 2019!
Peruse some of the most luxurious homes the island of Barbados has to offer. From villas to condos, the Luxury List highlights prime living options to date. View online or grab your very own copy from Terra Carribean today!
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).
Building starts provide an accurate method in determining the level of economic activity in the construction industry.
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.
“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.
One of a kind.
The best residence in Barbados.
Warm and welcoming.
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.
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.
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.