Home > Barbados Benefits

Barbados Benefits and features in property market

Barbados has for a long time been recognised as a little bit of paradise It has a climate and scenery which is the envy of many other top tourist destinations, yet it has retained a warm and friendly atmosphere for all who visit. With so many other countries and destinations wanting to attract your investment in their property market, we thought it useful to summarise the main benefits of investing and buying ptoperty in Barbados.

1. Barbados is the third oldest parliamentary democracy in the world with over 350 years of stable government.

2. In the last 50 years Barbados has not suffered a recession in property prices which have increased steadily since the 1950s.

3. Barbados is the leading island destination for tourists in the southern Caribbean and currently represents 14% of its GDP.

4. The South East of Barbados is relatively under developed and is expected to become the next boom area on the island.

5. Buying early in the development usually leads to increased demand, increasing prices and good re-sale opportunities.

6. Barbados has a year round tourist industry leading to consistent rental income and high occupancy. Increases in tourism have significantly increased the demand for Vacation Homes and rental rates are currently at a premium.

7. The weather is consistently warm throughout the year between 75 & 85 degrees Fahrenheit.

8. The Barbadian lifestyle is enviable and a favorite with the rich and famous attracting Americans, Canadians and Europeans to its pristine beaches, crystal clear water and vibrant flora with great music and delicious food.

9. Barbados is easy to get to having direct flights from many major cities in Europe, America, Canada and South America.

10. Barbados is culturally rich and Bajans are known worldwide for the friendliness and hospitality.

11. Barbados has a very low crime rate.

12. The property market has become a significant sector of the domestic economy.