It’s seven year itch time! Yes, this is the seventh edition of The Red Book. The challenge each year is to make it better, and by ‘better’ we mean more relevant to you the reader. This year we have added more statistics, more professional articles and we have even done some “ancient history” research with Hayden interviewing the two agents responsible for the sales at Sandy Lane Estate in the 1960s. I think you will find that article both informative and entertaining.
The term “green” in recent times has taken on a whole new light when associated with any kind of physical land development. Today it is not only part of a colour palette being used, but a term that measures the level of sustainability of a project from its design through to its construction. It also takes into account the project’s operation and maintenance over its projected life cycle.
After nearly forty years in the insurance business, it is very difficult to avoid the topic. Invariably, the cocktail party discussion begins with....”Oh, so you’re that insurance guy (awkward silence).. well (heavy emphasis here), last year after ‘Tomas’.....” by now, others are listening, and the tales of woe begin to flow.
Last year I opened the Pink Pages by speaking to uncertainty in the market. This year I thought I would provide you with “miscellaneous ramblings” of what we have seen in the market and what we are likely to see. While it is probably impossible to predict with complete certainty the direction of the market in every segment, I hope that from these perspectives you will have an indication of the direction that the market is likely to take. (Please do not skip to the conclusion as it may make no sense without following the progression in thought.)
Valley View is the island’s newest neighbourhood. Located in Vaucluse, St. Thomas, adjacent to the desirable Countryside neighbourhood, the development features 37 architecturally styled and designed homes set in a cool, convenient location with gorgeous country views. This development is one of the most compelling offers on the market today! Here’s why:
Globally the residential markets continue to underwhelm with only a handful of markets demonstrating year on year price growth. A recent Business Week article appropriately characterised the sector as ‘limping into 2012.’ The Irish and Spanish markets continue to lead the underperforming category, while conversely the Canadian and French markets have experienced up to 5% inflation-adjusted YOY price growth. In addition to the obvious fundamentals, this growth is underpinned largely by a tighter supply and a considerably more sensible approach to underwriting residential mortgages.
This morning several Barbadian real estate agents had the opportunity to view the island's latest property released to the market ... Valley View. A new 37-home community in Vaucluse, St. Thomas, priced from BBD $722,000 (including house and land), this new development demonstrates one of the most compelling options for middle-income homes in Barbados.
It’s the best value for property on Barbados’ South Coast. With prime land lots averaging 8,500 sq. ft. in size and starting at US$ 99,000, South View is five-star value!
Returns are certainly satisfying at Sapphire Beach!
Featuring modern, competitively priced, beachfront units, this condominium complex is a great investment opportunity.
The Gardens townhouses at South View in Kent are well under way. Construction of the first ten units is moving ahead on schedule and the building team at Creative Designs Barbados Limited are up to roof level on most of the units.
Take a look at some of the progress photos here, and give us a call to arrange a site visit (246) 421-HOME (4663)
South View PHASE 1 - Official Launch - Land Lots NOW ON SALE
Option A of three proposed designs - view the floorplans for these duplexes here.
Vuemont - Open House - March 19th & 20th - Come see if you'd like to call it HOME!
New land development on the South Coast is getting set for release.
Sunrise at Rowans is on track to be finished in late 2010. It's a new family oriented development in one of Barbados' most well established residential neighbourhoods!