10 Reasons To Invest In Property In Barbados

The Caribbean is a beautiful area of the world with many scenic islands and plenty of friendly and inviting locals. So, if you’re looking to make a property investment, it can be tricky to choose a one specific area.

When you take a closer look however, taking into account all the other contributing factors that make for a good investment, Barbados ticks all the boxes for the ideal destination.

So, why is Barbados property a good investment? Take a look at our top ten reasons why this island is the perfect place to invest in property abroad – either for yourself or a potential tenant.

A wonderful climate

With year-long sunshine and average temperatures of 23–31°C, the weather in Barbados is fantastic and ideal for an active lifestyle.

The island also boasts white sandy beaches, turquoise sea and a wonderfully picturesque landscape, making it the perfect tranquil setting to escape the hustle and bustle of modern life.

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 eight hours to travel from the United Kingdom.

A stellar reputation

Barbados is recognised by international organisations for its strong track record for quality of life, freedom, justice and development.

This makes the island a very attractive prospect as a location for a second home; Barbados is a lovely place to holiday, live, work and even raise a family. Whether you’re investing in property for yourself or to rent out to holidaymakers, a Barbados property investment will serve you well.

Good infrastructure

Barbados boasts 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, while the tap water, which is provided by Barbados Water Authority, is safe to drink without the need for an extra filtration system.

The telecommunications infrastructure in Barbados features reliable digital and fibre optic technology systems, providing you with great signal and Wi-Fi for your home.

Quality healthcare

The quality of healthcare in Barbados is ranked among the best in the Caribbean. The government-operated Queen Elizabeth Hospital has almost 600 beds and a 24-hour casualty department, as well as further specialist services. The second largest hospital is Bayview Hospital, which is privately run.

If you are travelling to or intending to live in Barbados, medical insurance is recommended to cover any required treatment.

Healthy 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, you definitely won’t struggle for occupancy if you choose to rent out their property while not on the island!

Vibrant social scene

Barbados has an incredibly vibrant social scene, with a variety of great bars, clubs and restaurants. There are also plenty of festive and cultural events that take place throughout the year.

There are also plenty of exciting activities from sailing, shopping and visiting museums, to horse racing, snorkelling and polo.

When you invest in a property with Royal Westmoreland, you (or your tenant) will receive access to our exclusive island spaces, including our private beach, dining experiences, state-of-the-art gym and more.

Stable government and economy

Barbados has a worldwide reputation for political and economic stability. The island has a diverse economic base, with high rates of tourism and a business-friendly approach.

The Barbadian government provides property owners with strong support as part of its commitment to encourage a thriving real estate market. As a Barbados property owner, you can enjoy a streamlined buying and selling process, tax incentives and more!

Secure investment

Thanks to its diverse property market and various tax incentives, a Barbados property investment is a secure one.

The Barbados property market offers steady appreciation and the holiday rental market thrives year-round.

With Royal Westmoreland your investment is doubly secure. Our luxury properties available to own are all designed to the highest standards, with opulent fittings and stylish interiors, making sure your home is the perfect space for you and your loved ones – or for potential tenants.

If you would like to invest in property in Barbados but you cannot commit to year-round ownership, check out our fractional ownership portfolio.

Contact us

If you’re considering making a Barbados property investment, Royal Westmoreland can help guide you through the process. Contact our team to discuss your investment options today.