Where Investors look for Luxury Properties in Barbados
Investors looking at luxury properties in Barbados often focus on several locations, and review investment potential, and tax advantages of each.
There are several main areas of Barbados that would be considered including the capital city Bridgetown.
Featured Property:
Condo, Dover Beach, Barbados For Sale
Location
Dover Beach,
Property Type
Luxury Condominium
Bedrooms
3
Bathrooms
3
Price
$890,049
West Coast or Platinum Coast as it is referred to is the most looked at, with Sandy Lane having high-end villas, golf courses, and lots of wealthy celebrity appeal, plus Paynes Bay and Holetown with beachfront condos and resorts, as well as Royal Westmoreland noted as a gated luxury community with golf and sea views.
South Coast is more of a busy location and is thought of as having greater tourism activity benefiting rental income. Areas such as Christ Church provide luxury beachfront condos, notably in areas like Maxwell and Dover.
The East Coast in Barbados leans towards being quieter, and a location where investors seeking private rentals or eco-luxury investments will look, such locations as Bathsheba.
What types of properties are investors looking at?
Often they will look to invest in income generating rental properties such as beachfront villas and luxury private estates, especially those that bring in high demand and income, especially in peak seasons, and may consider luxury condos or apartments in resorts, such as golf resorts.
Investors are attracted to Luxury Properties in Barbados due to the high rental yields, from vacation rentals, especially in high season, plus capital appreciation in a sought after market.
In Barbados there is a relatively smooth process for ownership for foreign investors, and there are no restrictions for non-citizens. Barbados offers the Welcome Stamp Program which attracts long-term remote workers who rent high-end homes.
Investors focus on ccean view and beach access properties, the proximity to golf courses and marinas, security and privacy of properties, and available full management for absentee owners.
In Barbados there are tax and legal benefits plus no capital gains tax, or inheritance tax. Investors can freely repatriate income and proceeds from sales.
