Real Estate

Barbados is a property owning democracy with 350 years of history of property ownership. There are approximately 90,000 households and most property is owned freehold. Title is evidenced by deeds filed in the land registry and every transfer to title requires a conveyance which is recorded in the land registry. Properties are developed in accordance with a series of regulations and guidelines established continuously since 1972. Every new property, or addition or change to an existing property, requires planning permission. During development, the Town & Country Planning Department also requires periodic inspections. They issue a certificate of compliance on completion of works. This certificate evidences that the development is in accordance with planning codes and regulations. Purchasers of properties normally require sight of these certificates of compliance to satisfy themselves that they are buying a property which is compliant with those regulations. Recent History In the last ten years there has been a boom in the development of new residential and commercial properties. This has been fuelled by economic growth, prosperity, cheaper and more readily available finance and a large number of competent building contractors. Even at the lower income levels of society, there has been a rapid increase in the percentage of families building permanent freehold properties and a departure from the moveable chattel houses which were sited on rental lands in the past. This has been stimulated by the housing policies of successive governments.

Comparison of Average price PSF South Coast Vs West Coast

Average price psf Barbados
  • Property Consultancy Services Inc.: www.altmanbarbados.com/propertyconsultancy
  • Barbados Estate Agents and Valuers Association (BEAVA): www.beavainc.com : A website developed to facilitate communication between members of BEAVA and the public. It will also highlight real estate issues and matters of interest to the industry as they arise.
  • Town & Country Development Planning Office: www.townplanning.gov.bb : A source of compliance information for developers, owners, and builders. This website provides information about the various stages in property development that relates to the Town & Country Development Planning office.

In This Section

Limegrove Lifestyle Centre

Facts & Figures: The Importance of the Villa Sector to Barbados

Barbados began developing a reputation as a luxury holiday destination with the inception of the Sandy Lane Estate in the 1960′s. This continued with the expansion in luxury residential development in the mid 1990′s. Recent research from HomeAway.co.uk survey and …

Port St. Charles

Investing in Property in Barbados: The Value Proposition

If there is a single defining paradigm shift borne out of the 2008 recession it is that investors today go through a much more rigorous process than they did in the middle of the decade. In the boom years investors …

Battaleys Mews

Supply and Demand: Understanding the Economics of the Barbados Real Estate Market

Anyone who meets Richard Eames, Managing Director of Island Villas Ltd, is immediately struck by his passion for the real estate industry in Barbados. “On the global market, Barbados represents a unique investment opportunity that appeals to a diverse group,” …

Four Seasons Hotels Barbados

Four Seasons Barbados: An Over-ambitious Government Investment?

Four Season Barbados The financial future of the Four Seasons premium hotel project, situated on the site of the old Paradise Beach Hotel, is hanging over the short-term economic policy development of Barbados like a dark cloud. In reality, it …

IN-real-estate

New Developments In Barbados Real Estate June 2011

The last twelve months have proven quite challenging for the Barbados real estate market. These challenges have been both localized and internationally driven, and have pervaded the local residential market, the international second home market and the commercial market. The …

Palm Beach Condominiums

Condominiums: To Buy Or Not To Buy

To buy or not to buy? That is the question. In these economic times, however, that is not the only question. What to buy, when and how have become more pertinent considerations. Real property takes a few different forms, and …

Oasis Pool Deck, Tamarind Cove Hotel, Barbados

Caribbean Resorts – Opportunity Knocks?

All of us in the Caribbean are acutely aware of the effects that the global economic downturn has had on resort investment in the region – but is now the right time for investors to get back in the water? …

Four Seasons Private Residences Barbados

Four Seasons Barbados: Financing Hotels Through The Financial Crisis

I was invited by the Business Barbados team to lift my head up from the trenches for a bit and provide an update as to where we are with the Four Seasons Barbados project that was more considered and nuanced …

Central Bridgetown

Barbados Offers Attractive Development Opportunities

Developers define themselves within specific areas covering a wide range of opportunities, whether they are low or middle income housing, or at the upper end of the market – mostly related to foreign second home ownership. Some developers also specialize …

The Sands, Barbados

A Sophisticated Sort Of Paradise

“Tony Blair goes house hunting in Barbados” “Simon Cowell buys GBP 15m villa at Four seasons” “Wayne Rooney buys a holiday home in Barbados” Barbados’ luxury homes have regularly filled column inches in the world press since the Concorde was …

Warrens Tower, completed 2005. 50,000 sq. ft.

The A-Class Office Market

In a sun, sea and sand destination, the commercial office market usually does not get a lot of airtime. Visitors to the island might be surprised to know that tourism ranks a distant fourth in overall average contribution to GDP, …

ANDREW-MALLELIUE

Green Shoots Are Being Baked In The Sun

About 12 months ago some financial pundits started to talk about “green shoots” in the market. We all understand the concept of renewal so it seemed quite an apt phrase when we started to see pockets of activity that gave …

Businesses in Barbados

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Fast Fact Guide

Quality + Integrity + Security = Barbados