Property Article from Investment International

Barbados is launching itself into the 21st century withy an enviable reputation –not only as a gorgeous coral island but also as the long- standing haunt of the beautiful people .For decades, the likes of the Cunards and the Guinesses wintered discreetly in elegant Bajan mansions the hefty costs of getting and staying there were the most effective means of excluding the masses.

 
Over recent years however, the profile of Barbados propertied visitors has changed. At the very top of the market, “new” money has arrived in a big and increasingly brash way; at the same time, new property developments have opened the way to a much broader spectrum of wealth than ever before.

Indeed the island is experiencing a construction boom the likes of which it has never seen and it shows no sign of abating over the next 2 or 3 years.

From its privileged position as the Caribbean’s Monaco, playground of an international elite, Barbados appears to be re-inventing itself as a growing (often more sports orientated) moneyed, middle market establishes itself.
 

In part the islands boom reflects western prosperity (it has historically been a British stronghold). Most of these buyers are not retirees – this is the new face of Barbados fuelled by entrepreneurial, sporting and celebrity wealth.

They may be taking time out but they need to stay in close touch with their businesses.
Barbados leads the Caribbean with strong telecommunications and excellent air links around the world. It outshines its less developed Caribbean neighbours as a sophisticated holiday base.

 
Unsurprisingly then, the island is no bargain basement when it comes to property.