Barbados is one of the most popular Caribbean islands for international real estate investors. Recently launched off plan properties prove that it is not only for the rich and famous with properties priced under £150K.
Barbados is an Island of paradise where the Atlantic Ocean meets the Caribbean which means it has reasonable temperatures year round but also some of the best beaches in the world. While the west coast is where the rich and famous buy their houses, the diversity of the island means there are now plenty of options available.
Recently, there has been a spate of new construction on this small but diverse island. The off-plan property is all over the island making for some great possibilities wherever you might want to invest. On the exclusive west coast in St. James Parish is the Royal Westmoreland, a members-only estate and country club. There are plenty of recently completed and off-plan units available as well as lots along the 6,870 yard championship golf course where you can construct your dream home.
Along the southeast coast in St. Philip Parish is another new resort that is under construction, Merricks Resort. There are apartments and villas here as well as the Merricks Hotel and Spa. For those looking for rental income, the units at the beach resort are fully furnished and have a 10% guaranteed rent for 2 years. Apartments at Merricks Resort are starting at the amazingly low price of £175,000.
On the northwest part of Barbados in St. Peter Parish is there is a new development that is going up around an old plantation home, Maynard’s Point. Apartments start here for the £170,000 and there are also villas and homes available as well. The Ashanti condominium is another west coast development in St. Peter, south of Holetown not far from the ocean. Prices here run from £150,624 to £285,371. Both of these developments present a great opportunity to buy on the west coast for a very reasonable amount.
Finally, in the heart of the island in St. Thomas Parish is a new golf course resort, the Apes Hill Club. When complete there will be 200 homes and 150 cluster units around the championship golf course, many of which will have sea views. Prices for these properties start at £147,800.
If you are looking for a good investment in this tropical paradise, these off plan properties will give you some great options. With prices being so reasonable, it is a good time to look at these developments
Barbados is proving an ideal place to buy a holiday home huge rental incomes can be achieved.
See example here of an apartment that can earn the owner $USD500 per night
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