News From the Caribbean
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Article
30 Mar 2010
Barbados
…all signs point to a turnaround. By Randy Howard for The Trinidad Guardian THE restart of large scale projects, and the correction that has taken place as it relates to prices, has had the impact of restoring confidence, and jump starting activity in the Barbadian real estate market. Over the past 12 to 18 months this market has been seen to be somewhat turbulent when compared to previous periods, however, due to the above, things appear to be turning around, making now the perfect time to invest. As a result of the global economic downturn, which had a significant impact on the incomes of individuals in the United Kingdom, the United States, and other developed countries, capital inflows into Barbados dried up, therefore resulting in the slowdown, or halt in some cases, of large scale real estate projects on the island. However, coming onto the end of last year, it was noted that some of these projects would be resuming in the New Year, which, according to a number of Barbadian real estate practitioners, sends the message that confidence is coming back into play.
Article
06 Mar 2010
Barbados
As we have done in the past we kick off the Pink Pages with our predictions for the market in the coming year. This year the challenge seems to me to be how to separate our feelings about the two segments of the residential real estate market that co-exist in Barbados but are on different paths. The local market and the foreign market. We should start by giving a definition of each market. Such definition could take into account location, amenities, design, and price point.
Article
01 Mar 2010
Barbados
John Cutts - Parkridge Holdings Feature article from The Red Book 2010 Barbados has long-established itself as a hub for the international elite having always attracted a diverse mix of politicians, business leaders, sports stars and celebrities. The island’s climate is certainly a welcomed change for many; and the relaxed elegant lifestyle which can be enjoyed here offers visitors a plethora of activities such as great golf, an abundance of watersports, and fine restaurants across the island, all of which make this destination such a paradise. Many of the visitors to Barbados instantly fall for its charm and beauty and go on to acquire homes here so that they can enjoy stronger ties to the community and return time after time to enjoy its unique lifestyle. In my mind some of the factors that combine to make Barbados a popular second or third home destination, include but are not limited to the island’s fantastic international air links with Europe, the U.S.
Article
02 Feb 2010
Barbados
Escape to Barbados - land of sun, sand and royalty. By Anna Tyzack - Telegraph.co.uk Published: 4:10PM GMT 02 Feb 2010 Some of us sit around and complain about the miserable British weather, the recession, and falling house prices. Others make their way to Gatwick and fly to Barbados.
Article
28 Jan 2010
Barbados
On a recent trip to Barbados, Cathy Hawker speaks of her experience and how she sees the Barbados property market shaping up for the UK investor. Download the attached PDF for the full story, or visit Homes & Property via this link to see the whole issue: http://es.homesandproperty.co.uk/handp/media/Binder1_10021.
Article
02 Dec 2009
Barbados
There have been so many great clichés knocked around in the last year that I thought I would start by listing my favorites. I am sure that they should be attributed to the authors but I know not who they are. “When the tide comes in all ships float.” “A great deal of intelligence can be invested in ignorance when the need for illusion is deep.” And my favorite: “When the wind blows strong you see who is wearing knickers.
Article
12 Oct 2009
Barbados
THE new Lanterns at Hastings shopping mall slated to be opened next February is being heralded as a welcome development considering the volume of other developments being seen on the South Coast of the island. According to Hayden Hutton, Director of Brokerage at Terra Caribbean, the real estate agents for the new mall, there have been, and are going to be a number of residential developments on the South Coast, and as a result, there needs to be an equal amount of development in the area retail and service provision. “We are going to be delivering somewhere around 300 new condominium units on the South Coast in the next six to nine months, these being Palm Beach, Sapphire Beach, Ocean Two, and Silver Point. There has got to be an increase in the sort of site services and amenities that are available to these folks”, he said. As a result, the new mall, which will be open from nine in the morning to nine at night, with the food court being open on Sundays, and the possibility of other shops being open as well, is a step in the right direction.
Article
12 Oct 2009
Barbados