Article released today in the Freeport News, a Bahamian Newspaper.
Naturally it is focused on the Bahamian property market, but also includes some interesting information on Condominiums in general.
A must read for anyone interested in vacation property investment.
Click here to read full article.
Guaranteed rental income helps support Simon Jones’s claim that www.internationalhotproperty.co.uk/ ”have located the best property investments in the Caribbean.”
Developments in Barbados, Grenada, St Lucia, Dominican Republic, and St Vincent are mentioned in this article along with contact details for the sales office.
I personally am not a big fan of guaranteed rent return developments (unless there is a well branded hotel management company running the show), as it is usually for periods of only 2 years and the vendor typically hides these payments within the purchase price of the property. The attraction can drive property sales instead of the actual end user driving sales, this in turn can inflate property prices creating a fake bubble, that will eventually pop.
However, Simon Jones’s recommendations are SIPP compliant, another attraction to drive sales! Read more on SIPP’s.
In an article published this weekend on The National post web site, owner of the Royal Westmoreland development on Barbados’s West Coast, John Morphet, is quoted saying “We won’t drop our prices: our owners need to know their homes will retain value.”
This strategy is one that is working for the Royal Westmoreland development.
While other developments are struggling to get off the ground, Royal Westmoreland is releasing new products and taking reservation deposits.
The sales team is very informative and I urge you to contact them should sun, golf, and security be to the top of your list when thinking of purchasing or renting a property in Barbados: +1 (246) 422 4653
The Apes Hill Club’s July news letter was released recently.
Main highligths were
Apes Hill has some of the finest Barbados property available, set within an incredible golf course. If your interested in touring Apes Hill, feel free to contact them on +1 (246) 432 4500
With planned development sites in Barbados, St Vincent and the Grenadines, Dominican Republic, and St Lucia, Harlequin Hotel’s and Resorts have plenty on their plate.
The first of their developments to launch is in St Lucia. The development includes a Gary Player Golf course and a Pat Cash Tennis centre. Click here for today’s released article.
For those that keep a keen eye on Barbados Property and future developments, you may have heard of the the Harlequin group from their proposed development at Bottom Bay. Being a favorite destination for many locals and seasoned visitors, I was disappointed to find out what they had planned, which could have a negative effect on this “out of the way” secluded beach.
Should Barbados’s Town and Country Planning Office have allowed this development? Thoughts?
Furthermore, the development approach was to sell off plan with guaranteed rental returns. Prompting sales to originate from off island clients that may have not have even been to Barbados but were sold on the guaranteed income that in turn would service a mortgage! Basically, not selling to end user visitors, but selling to investors.
A risky strategy for Barbados tourism, especially in this current economic climate? Thoughts?
Due to fully launch in December of this year, Beachlands is headed up by UK developer LTG Real Estate and will be constructed by JADA. Having recently toured the site, Beachland owners will not only have uninterrupted sea views but also a long stretch of one of the finest beaches on the west coast right on their doorstep.
Beachlands consists of 46 luxury beachfront apartments in an exclusive position on the Platinum Coast of Barbados. Located in the Parish of St. James, on a prime piece of wooded land between Sandy Lane and Holetown, Beachlands is both central and secluded, largely protected by its lush vegetation of mature trees and shrubs.
Apartments from 2,500 – 4,800 sq ft
Penthouses from 3,000 – 8,000 sq ft
Prices range from US$3million to US$13million
The Beachlands Information Centre is on site and now open Monday to Friday for visitors.
Do you have any you would recommend?
