The Ultimate Guide to Investing in Barbados
Are you thinking about investing in Barbados real estate?
We have put together this guide for investors considering making an investment in real estate in the Caribbean and wondering whether Barbados might be the best place to choose to buy property, whether that might be a villa, apartment or parcel of land.
Here we take a look at the top reasons for buying property in the Barbados and for investing in this beautiful Eastern Caribbean island, high potential investment opportunities and the best places to invest.
7 Reasons to Invest in Barbados Real Estate
1. Investor Friendly
2. Reputable Destination
3. Easily Accessible
4. Well Established Real Estate Market
5. Straightforward Buying Process
6. High Quality of Life
7. High Potential for Returns
Best Places to Invest in Barbados
Investment Opportunities in Barbados
Find Out More About Investing in Barbados
From its highly attractive tax environment to its world-class beaches, there are all kinds of reasons for choosing to invest in Barbados. Here are our top 7 reasons to invest in this idyllic archipelago.
Barbados is an investor-friendly destination with a well-earned reputation for welcoming investment from overseas. For example, the island offers a warm welcome to foreign nationals who meet certain criteria. High Net Worth Individuals, for example, can apply for a Special Entry and Reside Permit (SERP) which allows successful applicants (plus their spouse and children) to remain in the country indefinitely. Individuals who are retired and own property in Barbados can also apply for a SERP and retire in Barbados. These residency permits offer the freedom to move to Barbados and enjoy life on the island without the hassle of immigration worries.
Committed to meeting the highest level of global standards in many areas, Barbados is widely considered to be politically, socially and economically stable. The island benefits from a robust democratic tradition with a Parliament dating back to 1639, a robust regulatory framework, independent judiciary, high level of transparency and a well educated and skilled workforce. Safe and welcoming, the island has earned a reputation for being a highly reputable destination and a well-regulated business center.
With a modern international airport, Barbados is an easily accessible destination which can be reached by short, regular flights from many gateway cities across the USA, Canada and the Caribbean. The destination can also be easily reached from Europe via an approximately 8-hour direct flight from the UK.
Having successfully courted investment from numerous high profile investors in recent years, Barbados has a well established real estate market with an excellent international reputation. Ranging from ultra-luxury through to the more affordable end of the market, high quality real estate is available at a range of price points. Property on the market includes contemporary houses, villas on the beach and golf course, resort condos and serviced apartments as well as elegant period homes such as historic plantation great houses brimming with character. It is currently a buyer’s market, offering great value to property investors.
There are no restrictions on foreign investors buying property in Barbados and foreign buyers enjoy the same rights as Barbadian citizens. The buying process is relatively straightforward. While non-residents must obtain permission to purchase property from the Barbados Exchange Control Authority and funds transferred to the island to purchase property must be registered with the Central Bank of Barbados, these are essentially logistical steps and do not restrict foreign ownership of property.
Offering breathtaking natural beauty alongside an excellent selection of dining, shopping and entertainment options, Barbados offers a very high quality of life. The island offers pristine powder-soft white sand beaches which count among the best in the region and crystal clear, warm sea and ocean waters perfect for indulging a love of water sports. A near-perfect climate with year-round sunshine and warmth is ideal for enjoying life to the full whether your interests lie in golf, polo, sailing or just unwinding on the beach. Safe and secure, Barbados also benefits from a low crime rate and good quality medical care.
As one of the leading tourism destinations in the Caribbean, Barbados offers investors high potential for generating very attractive returns via rentals. With the number of visitor arrivals from North America, Europe and Latin America recording high levels of growth in recent years, opportunities abound in the short-term vacation rental market. Unlike other destinations in the Caribbean, the island also offers a business rental market as well as a long-term rental market. For investors with a longer-term horizon, an investment in real estate in Barbados can also offer tremendous potential for capital appreciation.
Summary: A World-Class Caribbean Destination
So, in summary, whether you are drawn to the pristine beaches or the perfect climate, the exceptional lifestyle or the high quality real estate, the reasons to invest in Barbados are many and varied.
To find out more about where to invest in the islands, explore our guide to buying property in Barbados.
Discover investment opportunities in Barbados on our website:
- Search: Barbados real estate
- Search: Homes for sale in Barbados
- Search: Condos for sale in Barbados
- Search: Land for sale in Barbados
- Search: Hotels for sale in Barbados
7th Heaven Properties is here to help you. We have the insight and advice you need to begin investing in Barbados real estate.
To find out more, contact 7th Heaven Properties, the Luxury Caribbean Property Specialist.
We look forward to working with you and helping you find your perfect property in Barbados.