Barbados is the most well-known property market in the Caribbean. It is a small island which has a international profile. The Barbados is also known as Little England, since it is where the old inherited wealth and colonial past meets the new money on the beach. Therefore after previous year’s financial chaos, how is the Barbados facing in the year 2010 – and what does it have to provide?
The pricey west coast
Dereck Foster, of Bajan Services says Property or home prices across the Barbados islands have reduced by twenty two percent from the peaks of summer 2007, as the mix of properties on offer has become more colorful. Just five minutes walk from the beach in St Peter, the district of the Heywoods has the mix of Bajan and expatriate residents.
A three bedroom house built four years before is for sale at 365,600 pounds through the Bajan Services. It has a garage and garden and is a fraction of the cost of town houses and flats in the marina at close to the Port St Charles – it is a gated, established coastline area and a favorite with the sailing group of people.
At another end of the scale on the special west coast, there is a six bedroom beachfront property in St James and the price is about 4.2 million pounds. The west coast is the ideal and attractive part of the Caribbean Island. If you are looking lock-up-and-leave value for money new, smart development, the Beachlands is a newly introduced off-plan project on a prime beachfront area north of the well-known Sandy Lane.
It would be a five storey building with fifty five two- to four-bedroom homes or flats featuring modern design and conventional Bajan, pale coral stone. Prices, through the Knight Frank, start from 1.2 million pounds and six properties have been booked by European purchasers.