Overview – The Barbados Real Estate Market
With its rolling green hills, golf courses, polo fields and close historical and political links to the UK, Barbados is often referred to as Little England. As a Britain in miniature with the added benefits of a tropical climate and sun-soaked pristine white sand beaches, the Eastern Caribbean island has established itself as one of the region’s most alluring tourism destinations. In 2016, for example, Barbados welcomed a record 610,000 international visitors. This represents a 3% increase on the previous year.
Many of the island’s visitors have fallen in love with the charms of the island and Barbados real estate has therefore become an extremely popular choice with property buyers, in particular British and North American investors.
Having firmly established its luxury property market ahead of many Caribbean neighbours such as St Lucia and Grenada, Barbados has maintained its appeal to high net worth home buyers who continue to value the stability and strong fundamentals of the island.
Property for sale in Barbados ranges from luxury beachfront apartments in golf resorts to colonial-style plantation homes nestled in acres of grounds.
Search our Barbados Real Estate Listings
As specialists in luxury Caribbean property, we can introduce you to a wide selection of the finest residential property, land for sale and commercial real estate in Barbados.
Our agents on island offer unrivaled local insight into the market and the most desirable investment opportunities.
To discover your perfect property in Barbados, search our Barbados real estate listings.
Areas – West Coast
Discover West Coast – Read our Guide to West Coast Real Estate.
Discover Holetown – Read our Guide to Holetown Real Estate.
Discover Paynes Bay – Read our Guide to Paynes Bay Real Estate.
Discover Sandy Lane – Read our Guide to Sandy Lane Real Estate.
Discover Speightstown – Read our Guide to Speightstown Real Estate.
Discover St James – Read our Guide to St James Real Estate.
Discover St Michael – Read our Guide to St Michael Real Estate.
Discover St Peter – Read our Guide to St Peter Real Estate.
Discover Sugar Hill – Read our Guide to Sugar Hill Real Estate.
Discover Westmoreland – Read our Guide to Westmoreland Real Estate.
Areas – South Coast of Barbados
Discover South Coast – Read our Guide to South Coast Real Estate.
Discover Christ Church – Read our Guide to Christ Church Real Estate.
Discover St Philip – Read our Guide to St Philip Real Estate.
Areas – East Coast of Barbados
Discover East Coast – Read our Guide to East Coast Real Estate.
Discover St Andrew – Read our Guide to St Andrew Real Estate.
Discover St John – Read our Guide to St John Real Estate.
Discover St Joseph – Read our Guide to St Joseph Real Estate.
Areas – North Coast of Barbados
Discover St Lucy – Read our Guide to St Lucy Real Estate.
Areas – Central Barbados
Discover St George – Read our Guide to St George Real Estate.
Discover St Thomas – Read our Guide to St Thomas Real Estate.
Buying Property in Barbados
There are no restrictions on foreign buyers acquiring real estate in Barbados. Property can be purchased through a company which can reduce costs. All non-residents must obtain permission to purchase property from the Barbados Exchange Control Authority.
Once you have made an offer on a property and the offer has been accepted, you will need to engage a Barbadian attorney to conduct a title search. The seller’s attorney will prepare a contract. You will need to pay a 10% deposit to secure the property which will be held in escrow by the seller’s attorney until completion. Payment of the remaining 90% will normally be made within 3-6 months upon conveyance of title of the property.
In Barbados the seller is required to pay a transfer tax of 2.5% and stamp duty of 1%.
Both buyer and seller are responsible for their own legal fees which typically amount to approximately 1.5% to 2% of the sales price of the property.
There is also an annual Residential Land Tax which varies according to improved value up to 0.75%, but is capped at USD $30,0000.
Individuals with a minimum net worth of USD $5,000,000 can apply for a Special Entry Permit for Barbados, which is typically granted for 10 years for those under 60 and indefinite duration for those over 60.
Mortgages in Barbados
Looking for financing to fund the purchase of property in the Caribbean?
Contrary to popular misconception, it is possible for foreign nationals looking to invest in Barbados real estate to apply for a mortgage.
Our partner – a very well respected international financial organization – offers mortgages for qualifying non-residents buying, building or improving a second home in Barbados.
For more information, see our page on: Caribbean mortgages.
Barbados – Land for Sale
Purchasing a lot of land provides you with a blank canvas and the opportunity to build your dream home in Barbados.
Whether you are looking for beachfront land or a centrally located plot, we offer various lots of land for sale in Barbados.
For larger parcels of land for commercial development, please see our commercial real estate listings.
Saving on Your Purchase
You could save money when investing in Barbados real estate by using a foreign exchange expert to get the best rate for your property purchase. We have partnered with Halo Financial, a specialist in foreign exchange, to help you get the best exchange rates when making one-off or regular international payments for a property purchase in Barbados. To see how you could save money, read more: Foreign Exchange.
Getting to Barbados
There are direct international flights to beautiful Barbados from various cities in the United States, Canada and the UK.
International flights arrive at Grantley Adams International Airport located on the South Coast of Barbados.
From the USA, there are regular flights from Charlotte, Miami, New York, Philadelphia and San Juan to Barbados.
From Canada, fly with Air Canada from Montreal or Toronto.
From the UK, BA and Virgin Atlantic operate regular flights from London to Barbados.
Antigua to Barbados: 1 hour 05 mins
London to Barbados: 8 hours 25 mins
Miami to Barbados: 3 hours 50 mins
Montreal to Barbados: 5 hours 25 mins
New York to Barbados: 5 hours 00 mins
Toronto to Barbados: 5 hours 15 mins