The Hottest Property Market in The Caribbean
Barbados Flag
Your Choice
1. Buying for Lifestyle:
With miles of un-spoilt beaches & the same warm, sunny days experienced by the local residents and holiday makers in a safe environment, the attraction is clear from the outset. Barbados has many excellent schools and a very high standard of education in a English speaking Caribbean country.
2. Buying for Lifestyle and to Rent:
Pearl Gardens Development offer 2 bedroom spacious luxury homes and is located within a short walking distance of the beautiful white sands of Miami Enterprise Beach, and is conveniently situated within easy reach of local amenities restaurants, bars, banks, supermarkets, Health care Clinics, schools public transport, airport and Oistins
fishing village with it’s popular appeal with holiday makers and the locals.
There is high growing demand for luxury rental property in the area for locals and holiday makers, making Pearl Gardens a great rental investment property.
3. Buying for Investment only
Barbados has always been viewed as an exotic, fun and safe holiday resort that attracts millions of visitors each year, and one of the hottest property markets in the Caribbean with many worldwide famous celebrities making it a playground for the rich and famous having homes on the Island.
Pearl Gardens is the ideal location for your investment in Barbados, not only with regards to it’s location, the affordability when compared to other developments around the island but also the most important point the prestige of owning a home in one of the worlds most famous known Caribbean islands.
The location…with the beautiful white sands of Miami beach just a few minutes away from your home and it comes with the prestige of owning property in Barbados Up market residential area, Golf Courses, Tennis Clubs, Sailing club, Restaurants
High standard of health care treatment Caribbean Climate Relaxed lifestyle for retirement or holiday home for your family and friends
Excellent business links and education facilities.
The Financial Benefits
Barbados property market offers additional benefits from a financial standpoint which makes it a highly attractive prospect for purchasers
Safe investment – supervised property registration and highly sought after destination for holiday makers and investors
Easy repatriation of investment should you re-sell in
the future
High Rental occupancy through out the year during the Peak and off peak Season
Stable Government and Currency
Buying is simple and easy, there are no restrictions on
foreign ownership.
Useful Financial Information
Banks:
Mortgages For non-Nationals Check out First Caribbean
International Bank (formerly Barclays Bank PLC), Barbados
Offshore Banking centre.
Mortgages of up to 90% may be obtained from any local
Bank, if you are a citizen or resident of Barbados and have
an income arising there.
Annual Land Tax
Charges on your property (Figures shown below are a guide)
Annual Land Tax On residential property is levied on the
capital of the property as follows: -in Barbados Dollars)
First $125 000 – Zero rated
Next $225 000 – 0.10%
Next $500 000 – 0.65%
House-annual Insurance
Premiums US$ 1800 (BDS$ 3600) approximately. Contents annual
premium US$ 150 (BDS$ 300) for US$20,000 (BDS$ 40 000) These figures are for your guidance only. These are indicative estimates only; the actual amount would be a matter for negotiation between you and the insurance company. The example shown above is for the 2-bed
A final word of Caution
some times people get so excited and emotionally caught up when buying their dream home overseas, that they dive in unintentionally with no regards to making sure that all the right buying decisions are covered and that they are getting a good bargain before they proceed.
This kind of experience can result in disaster with shoddy workmanship, and can sometimes end up with the investor paying well over the market price for their new dream home.
You may have heard of some extreme story of Homes from hell in your home market and some overseas property markets eg land grab backs or property scams just for starters, to make you cautious about your buying decisions.
We are here to help eliminate 100% of any fears or uncertainties that you may have and to make your purchase and construction of your dream home at Pearl Gardens a very happy, memorable and profitable experience.
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