When purchasing real estate in the Caribbean, it can be a little difficult to decide where to choose, as the region has many beautiful, scenic islands and the local people are friendly and inviting where ever you go.
When you take a closer look at the other contributing factors which make for a good investment however, it’s clear that Barbados ticks all the boxes for the ideal destination.
Take a look at our top ten reasons why you should consider investing in property in Barbados.
1. Yearlong Sunshine
With yearlong sunshine and average temperatures of 27 - 29 Celsius the weather is fantastic, and ideal for an active lifestyle.
The island also boasts white sandy beaches, turquoise sea, and picturesque landscape making it the perfect tranquil setting to escape the hustle and bustle of modern life.
2. Ease Of Access
Barbados’s international airport is world class, with regular daily direct flights to the United Kingdom and North America.
A flight from North America is relatively short, and it takes around 8 hours to travel from the United Kingdom.
3. A Fantastic Reputation
Barbados is recognised by international organisations for its strong track record for quality of life, freedom and justice, and development.
This makes the island a very attractive prospect as a location for a second home, or even to live, work and raise families, and has a world class education system.
4. A Great infrastructure
Barbados boasts a robust infrastructure, with good roads and a highway connecting the north and south of the island.
In terms of utilities, rates are some of the lowest in the Caribbean, and the tap water which is provided by Barbados Water Authority is safe to drink.
The telecommunications infrastructure in Barbados features the latest digital and fibre optic technology systems, providing reliable telephone and internet services.
5. Fantastic Healthcare
The quality of healthcare in Barbados is very good, with modern facilities, and is ranked among the best in the Caribbean.
The government run Queen Elizabeth Hospital has 600 beds, and provides a 24-hour casualty department, as well as specialist services. The second largest hospital is Bayview Hospital, which is privately run.
Medical insurance is recommended to cover any required treatment.
6. Year Round Rental Income
Barbados has a healthy tourism industry, with year round rental income potential for property owners.
With a good number of tourists visiting each year, primarily from the United Kingdom, United States, Canada and Latin America those who choose to rent out their property while not on the island should not struggle for occupancy.
7. A Great Social Scene & Amenities
There are many great bars, clubs and restaurants on the island, and there are plenty of festive or cultural events taking place throughout the year.
There are also plenty of things to do from sailing, shopping, visiting museums, to horse racing or polo.
8. The Ease Of buying
Barbados boasts a range of investor friendly benefits which make the purchase of real estate for non-nationals a breeze.
There is no property tax to pay when purchasing a property, although international buyers will need to have the necessary funds transferred to the Central Bank of Barbados. This is so that the funds can be easily repatriated should you sell the property. USD mortgages are available to non-nationals from some Barbados banks.
9. A Stable Government
Barbados has a reputation for political and economic stability, and is the 3rd oldest parliament in the British Commonwealth.
The democratic parliament is committed to maintaining the island’s attractiveness as a place to conduct business, and Barbados has low rates of tax and many benefits for international businesses.
10. You're Making A Secure Investment
Despite the global recession, the price of property in Barbados has generally remained stable. Prices have not fallen significantly, which means Barbados is an ideal island to invest in property.
The recession was marked rather by a reduction in the number of sales, but the price of property did not dip by a significant amount, and the property market has since seen an upswing.
Above all else, Barbados is considered one of the best destinations in the world for those looking to invest. Why not take a moment to browse our properties for sale including our breathtaking villas and apartments.