Country: Barbados, Carribean; Caribbean
27 October 2009
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 data comes from the 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.
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.
“Overall, demand has fallen slightly as a result of the recession and fewer long haul breaks are generally being taken”, says Kate Stinchcombe of Holidaylettings.co.uk.
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: “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.
“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."
Travelling to BarbadosBritish Airways, Virgin Atlantic and Caribbean Airlines all fly non-stop from the UK to Barbados ’ one airport – the Sir Grantley Adams International Airport.
• British Airways from Gatwick – up to twice a day year round
• Virgin Atlantic from Gatwick – daily flights year round. There are also flights from Manchester on a Sunday only
• Caribbean Airlines from Gatwick – five times weekly flights
• Charters also operate from Gatwick and Manchester with Thomson.co.ukFlight times to these airports are under nine hours.
Prices are from around £569 return in economy including all taxes. See www.travelsupermarket.com.
See Also: Barbados, Caribbean, Holidaylettings.co.uk, Marc Da-Silva, Travelsupermarket.com
Price: £194,122
Type: House
Bedrooms: 1
This luxury Beach Resort is situated in a stunning cliff top position in the south east of Barbados beautiful Atlantic coast and enjoys spectacular panoramas. At the luxury suites you will enjoy 5 star service.
View details | Enquire further
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This luxury beach resort is located just 20 minutes from the Sir Grantley Adams International Airport.
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Type: Apartments
Bedrooms: Studio
The Merricks Residence Studio Apartments for Sale in BarbadosDescriptionExclusive development called the Merricks Hotel, Spa and Residence comprising of Studios, 1 and 2 bedroom apartments, clifftop villas and cabanas.220
Price: £230,265
Type: New Home
One-bed apartment and three-bed apartments. Two-bed houses. Large living areas with crescent- shaped outside areas. Bedrooms with ensuite bathrooms Luxury fully fitted European kitchens. Fully air-conditioned and provided with ceiling fans.
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A stunning 5 Star Beach and Spa Resort situated in a secluded bay with white sandy beach.p to 100% finance available with only £1000 deposit payable, subject to status. 10% rent guarantee for 2 years followed by 50:50 room rate rental share
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One-bed apartment on the First floor Large living area with crescent shaped Balcony. Bedroom with ensuite bathroom Luxury designed kitchen that features a fully fitted European kitchen. Fully air-conditioned and provided with ceiling fans
One-bed apartment on the First floor Large living area with crescent shaped Balcony. Bedroom with ensuite bathroom Luxury designed kitchen that features a fully fitted European kitchen. Fully air-conditioned and provided with ceiling fans.
The site for this development is a richly diverse landscape of rolling meadows, dense forest and coral stone quarries, creates a dramatic setting for the community's homes.
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Type: Villas
The Merricks Residence 1 Bedroom Villas for Sale in BarbadosDescriptionExclusive development called the Merricks Hotel, Spa and Residence comprising of Studios, 1 and 2 bedroom apartments, clifftop villas and cabanas.220
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All fully furnished with stylish, modern simplicity, featuring stone tile floors & hand crafted Caribbean mahogany furniture.
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Hotel Suites with bathroom
300 days of sunshine pa. Purchasers earn revenue on their suite + the entire hotel. Returns in excess of 20%.
