Barbados property investment can be a lucrative way to make the most out of your savings with more people now seeking advice on getting into property investment abroad.
There are a number of things to consider when thinking about how to start investing in property in Barbados, like where you are going to invest, what type of property investment you want to purchase and what are the tax implications of your investment.
Barbados is an island country in the Lesser Antilles of the West Indies, in the Caribbean region of North America. It is 21 miles in length and up to 14 miles in width, covering an area of 167 miles². The largest city is Bridgetown which is also its capital.
Its location in the south-east of the Caribbean region puts the country just outside the principal hurricane strike zone.
Islands in close proximity include;
- Saint Lucia
- Saint Vincent and the Grenadines
- Trinidad and Tobago
On 30 November 1966, Barbados became an independent state and has a population of 288,513 people (Jan 2020).
Barbados is one of the most sophisticated destinations in the Caribbean and has one of the largest restaurant scenes in the region.
Barbados long-stay tourism arrivals are on their fourth consecutive record-breaking year, despite the increase in the room levy and departure tax.
Visitor spend on the island was up 7% in 2018 to $1.12bn and occupancy levels over the last 12 months are at 68% with over 2.4m passengers travelling to and from Barbados annually.
People buy real estate in Barbados for various reasons, such as permanent living, retirement, holiday home or a combination of a holiday home and rental for a 2nd income.
If you are not primarily wanting a property investment in Barbados, you can check out our lifestyle properties.
For more information on Property Investment please click on the enquiry form button and one of our specialist advisors will be in contact.