Barbadoa Property Investment For Sale
“A traditional favourite that still retains its allure but is not the investment opportunity it once was"
Barbados is the most developed and wealthiest country in the Eastern Caribbean and enjoys one of the highest per capita incomes in Latin America. The island was one of the first in the Caribbean to focus on establishing tourism as an economic tool, and is, therefore, one of the most well established holiday destinations in the world. However, as a result of its popularity, Barbados has become somewhat over developed in recent years and property prices have risen to extortionate levels with villas on the west coast around St James often selling for millions of dollars.
The island has a vibrant party scene, centred on the many 5 star resorts and villas and particularly the numerous clubs and bars along St. Lawrence Gap where calypso rhythms combine with reggae and rum in a setting of natural beauty.
Home to the rich and famous there is no capital gains tax or inheritance tax although residents are taxed on their world wide income – something to be aware of. With its extortionate house prices, Barbados should be seen more of a lifestyle choice than one chosen purely for investment.