Caribbean Property News

Is it time to look at the Barbados real estate market?

by Mark Benson on March 22, 2014

Is it time to look at the Barbados real estate market?

Is it time to look at the Barbados real estate market?

Historically countries such as Barbados have often attracted celebrity property investors and while this trend continues, there is a growing hope that the downward trend in property prices in recent years is coming to an end. A number of property media publications have picked up on the fact that June 2013 saw a surprisingly generous investment with a French-Canadian buyer acquiring Cove Springs, situated on the West Coast, for a $51 million outlay. This caught many property advisers and experts by surprise and, while not necessarily a turning point at the time, looking back perhaps it was exactly that.

If we roll forward a few months we will see that pop sensation Rhianna acquired a £22 million apartment in the One Sandy Lane development – nothing exceptional? Well perhaps the more surprising element of this particular move was the fact that the singer herself had been renting the apartment awaiting the right time to buy. With her raft of advisers and experts perhaps Rhianna has spotted an upturn in the region? [click to continue…]

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