The million dollar properties which have become hugely popular with overseas investors in Barbados are paying dividends for the country with one of the UK top holiday real estate platforms putting the island at the top of its rating among Caribbean property destinations.
According to Holidaylettings.co.uk, the data was collected from a survey of a number of Caribbean holiday homes currently advertised on Holidaylettings.co.uk, which has significantly more properties in Barbados compared to the other Caribbean islands, as a consequence of the island’s popularity.
According to the new post of the website www.overseasproperties.co.uk “Properties in Barbados, where it is widely claimed that values have never fallen, is the most popular destination with property investors and holidaymakers buying homes and visiting the Caribbean, according to fresh research.”
The UK based website explains that the majority of holiday rental homes currently available in the Caribbean, including Barbados, are being supplied primarily by long term owners, rather than new purchasers, suggesting that fewer investors – particularly those in the buy-to-let sector – are buying property in the Caribbean at this moment in time. This is unsurprising given the recent global economic turmoil.
The report highlights the opinion of Kate Stinchcombe of Holidaylettings.co.uk. where she states, “Overall, demand has fallen slightly as a result of the recession and fewer long haul breaks are generally being taken.”
From a holidaymaker perspective in these tougher economic times, Stinchcombe reports that smaller villas – three and four bedrooms – are proving more cost effective and therefore most popular. Locations where this is particularly apparent include Bottom Bay in St Philip Parish, Barbados and Jolly Harbour in Antigua.
Stinchcombe adds that “Bottom Bay in St Philip Parish is the most popular location, but it is also relatively reasonably priced with three bedroom homes available during peak periods for £650p/wk.
This new story also emphasizes the much talked about Air Transport Tax which Caribbean governments have been protesting against. In fact it is highlighted as a major obstacle to travelling to the Caribbean. “Perhaps the greatest obstacle to holidaymakers trying to reach the Caribbean is Air Passenger Duty increases and transatlantic flight costs – especially when taking the family away.”
Barbados is a major transport hub to a number of other Caribbean destinations and a number of the major air carriers in the world have flights to the island daily.
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hi crist i did see on your e-mail that you are looking for someone to run a project in s.vincent i did see your phone number in your e-mail i tray to call you but the numeber that you have there does not work could you please ,conctat mi as soon as possible my phone here in canada is 519-645-8295 thank you
fran degouveia