As always, I like to take a look back at our predictions from last year and either confess to being wrong or rejoice in getting a few things right. I am pleased to say that we called this market turn-around right on the money and we are very
happy that we were able to work with so many of you who took advantage of the changing market to make investments in property. With Brexit behind us, I thought we would have the material uncertainties covered but then the world is faced with COVID-19. It is not clear today what impact it will have on Barbados but in the words of a recent speaker on Bloomberg TV “the travel industry will be decimated”. This is very worrying for Barbados as a large part of our GDP relies on a robust travel industry including nearly 1 million long-stay visitors and a further 1 million cruise passengers per year. Luckily we are heading into the slowest part of the year from May to November and I do hope that we will get through this crisis so we can return to the growth path.
I hope that you enjoy the insights from our team who have written on various real estate related subjects. I hope you will agree that the content is continuing to mature, and the insights and analysis offered gets more robust each year. Please also take the time to look at the market data that we have provided and if you need some more information or some help in determining appropriate actions do not hesitate to call on any of our great staff and partners.
Our mission is simply to provide you with the best information we can in a comfortable environment to assist you in making a decision.
– Andrew W Mallalieu, CPA FRICS, Chief Executive Terra Caribbean
Take a look at The Red Book 2020 for current insights and takeaways in the real estate market.