Check out this 1 bedroom and 2 bedroom apartment available for sale at Rockley Golf & Country Club located on the South Coast of the island:
Two of our properties have been reduced in price!
A property in Holetown called Buccaneer, which is a cute 6,195 sq. ft three bedroom villa with a lovely garden and a small pool is now being offered for sale at a reduced price of $475,000 US (From an original price of $550,000 US).
Also available at a reduced price is Unit 121, a lagoon view villa at Port St. Charles. Unit 121 is a three bedroom villa which is located within the lagoon, has its own private berth and is now being offered for sale at a reduced price of $1,700,000 US (From an original price of $2,100,000 US).
I dug out an old article posted on August 28th that I found to be an interesting read.
It has some stats suggesting the property market has dropped by as much as 30% and also gives a short history of the first settlers to current homeowners detailing a little on the history of who has owned here and the effects on property prices!
What are your thoughts? Accurate?
For those of you who didn’t know, the Terra Caribbean real estate company releases a monthly newsletter. In this month’s newsletter, Hayden Hutton, writes about Residential Capitalisation rates. Click here for a link to Wikepedia’s definition.
In a nutshell, Hayden reminds us that in the past, holiday home purchasers have invested in Barbados with the expectancy to benefit from double digit increases in the capital value of their home. This is further highlighted by the low return experienced and projected from rental income versus the costs associated with owning a holiday home. Some of these expenses are down to house management, full time staff, and maintenance.
The market capitalisation rate does not rely on the income from rent to determine the true return on one’s investment as it takes into consideration the capital increase in value.
With current market conditions considered, Hayden reports that recently perspective purchasers are looking much closer at the operational side of a purchase.
Important advice for developers and homewoners looking to sell up!
Sandy Cove development is located in Derricks, St. James adjacent to The Cliff, a well renowned restaurant on the west coast of Barbados. There is only one ground floor apartment remaining for sale which is priced at $2,500,000 USD.
SHELTERED BY AN UNSPOILT REEF, lapped by the sparkling Caribbean, fringed with tamarind and mahogany trees, this is Sandy Cove.
A PRIVATE COMMUNITY OF LUXURIOUS APARTMENTS, penthouses and villas with inspiring ocean views, soft sandy beaches and lush tropical gardens.
DESIGNED BY ARCHITECTS Gillespie and Steel in classic Colonial style,all homes are air-conditioned with well equipped kitchens and laundry rooms.The development also has a private gym and sauna,secure parking,state-of-the-art communications network and on-site maintenance staff.
Download the PDF brochure here: Sandy Cove 9th jul 2009
British Airways have launched a world-wide sale on flights and accommodation that includes Barbados!
When booked before 14 July, 2009, flights are available at £459! Accommodation and flights start at £499!
The best deal to me is £1,086 – flight and accommodation for one week at Tamarind Cove, one of Barbados’s best all-inclusive resorts in my favorite location, the famous Paynes Bay on Barbados’ famed West Coast!
Be sure to check dates carefully, as each resort has its unique days when the deal is available!
Get booking!
When we think of tourism in the Caribbean we automatically think of non Caribbean persons visiting for the sun, sand, and charism of the islands. But during the summer months, a very different type of tourist is born.
“The Carnival Tourist!”
LIAT, currently promoting “festival fever” has hit it off with 50% discounted flights from July 1st to September 15th, coinciding nicely with St Lucia’s carnival that culminates on July 21st!
With a population of over 250,000 people, Barbados’s carnival loving people are sure to take full advantage.
