Q4 - Sales and Rentals Report

Tuesday, March 09, 2021 | By Terra Caribbean

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Our brokerage agents Betty Cathrow and Emma Hutson have come together again to review the final quarter of 2020.

What they observed:

RENTALS:

The majority of demand continued to be from foreigners moving to Barbados mid to long term on the Welcome Stamp.
The maximum rental rate in Q4 2020 was three times higher than Q4 2019.
There were significant increases in demand for 1- 4 bedroom properties.

SALES:

We closed an impressive 26% more transactions in Q4 2020 compared to Q4 2019.
The demand for houses and townhouses increased in line with trends we have seen since Covid.
In line with expected industry trends, average achieved sale prices continued to be highest in St. James and St. Peter.

For a more in-depth look at the report click the link- https://bit.ly/3emsimn