7 Best Invest

Introduction

For Sale - Luxury Property in Barbados - Spectacular New Development

Luxury Apartments, Townhouses and Penthouses from $540,765 to $2,093,795 Secured Exclusively for our Clients

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2 Year Rental Guarantee and Rental Pool Arrangement

All properties have sea views, which are some of the highest apartments in Barbados, which ensure cooling breezes

A Setting Like No Other, Hillside Location, and Just Yards From the Beach
Stunning Infinity Pool Blending into the Crystal Clear Caribbean
Designed by Award Winning Architect Aubrey Dawkins

Only 30% deposit then nothing more to pay until completion.

Gracious Living on the Caribbean's most vibrant coast. This is your opportunity to reap the benefits of owning property on the magnificent west coast of Barbados, known as the 'Platinum Coast'. We are delighted to present a unique development in St. James, offering gracious living in the island's most sought-after location.

The Village at Prospect is a stunning collection of 27 individually designed apartments and town houses in the charming parish of St. James. Set into a west-facing hillside in a secluded natural haven, its distinctive location gives it unique advantages that will appeal to everyone with a taste for the good life.

Panoramic View From Barbados Property :

Other Selling Points :

• Upper apartments (7th floor) are some of the highest in Barbados
• All apartments have sensational sea views
• The Village's elevated position gives cooling breezes throughout the year
• The Village is situated in a quiet cul-de-sac screened by attractive foliage
• No through traffic
• 300 yards from a delightful white sandy beach and beachfront gardens
• A short walk to local shops

The Village offers a way of life that respects the privacy of the individual, whilst offering the benefits of a friendly community. Homes are clustered sympathetically on several levels around an elevated sun deck, with outward aspects to ensure every dwelling has views over the beautiful coastal scenery. Landscaped flyover bridges and walkways give a lightness of touch that both relaxes and inspires.

Prices from $540,765 to $2,093,795

For more information on this development please fill out the enquiry form below. Alternatively call us on Free phone 0800 085 4125. (Outside UK: Tel: 44 151 237 2783).

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Investment

7 Best Invest Says

"We see these units as a "hold" for 5 years. The stunning setting, unique design and location in one of the most sought after areas of Barbados make this an ideal opportunity to realise capital growth, great rental prospects and of course personal enjoyment"

Return on Investment Table

 

Rule of 72

• The "Rule of 72" is a rule of thumb that can help investors compute when their money will double at a given compound interest rate.
• It is called the rule of 72 because at 10% compound interest, money will double every 7.2 years, and at 7.2% money will double every 10 years.
• To find the number of years required to double your money at a given compound interest rate, you just divide the interest rate into 72.
• For example, if you want to know how long it will take to double your money at eight percent compound interest, divide 8 into 72 which gives 9 – hence at 8% compound interest money will double in 9 years.
• You can also run it backwards: if you want to double your money in six years, just divide 6 into 72 to find that it will require a compound interest rate of about 12%.
• The ready-reckoner below gives the number of years money will double at a given compound interest rate using the rule of 72.

 

Why is this an outstanding luxury investment opportunity?

Barbados offers investors an attractive and rare compromise: a harmonious blend of both the advanced infrastructure of a developed nation and the charm and beauty of a tropical island!

The property market in Barbados is the healthiest it has ever been and this is reinforced by the fact there are many exciting developments planned for the next several years.

The Village boast a unique location and setting on Barbados' affluent west coast. The unique aspect of beach and hillside, coupled with the high quality and unique design ensure that these properties remain a sought after asset for many years.

Other Selling Points :

• Upper apartments (7th floor) are some of the highest in Barbados
• All apartments have sensational sea views
• The Village's elevated position gives cooling breezes throughout the year
• The Village is situated in a quiet cul-de-sac screened by attractive foliage
• No through traffic
• 300 yards from a delightful white sandy beach and beachfront gardens
• A short walk to local shops

The Village offers a way of life that respects the privacy of the individual, whilst offering the benefits of a friendly community. Homes are clustered sympathetically on several levels around an elevated sun deck, with outward aspects to ensure every dwelling has views over the beautiful coastal scenery. Landscaped flyover bridges and walkways give a lightness of touch that both relaxes and inspires.

Excellent Rental Potential

The rental market is equally as strong. The short term market is healthy due to Barbados being one of the most popular holiday destinations and the long term market is in demand as there are a number of overseas workers requiring living accommodation. The following points are true of the property market in Barbados:

• As a leader for tourism and international business, there is an extremely lucrative Real estate market that continues to see rapid growth.
• Property prices have never decreased and are currently increasing at an annual rate of approximately 15% p.a.
• It is predicted that during the next 2 years, 90% of new properties developed will be bought by investors from the UK!

For more information on this development please fill out the enquiry form below. Alternatively call us on Free phone 0800 085 4125. (Outside UK: Tel: 44 151 237 2783).

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Features

In The Village at Prospect, award winning Caribbean architect Aubrey Dawkins has created a range of different living spaces, so that your home is likely to be the only one of its type. Features and finishes are of the highest standard.

• Open-plan design and natural finishes create a contemporary feel
• All bedrooms have en-suite facilities
• Bathrooms feature marble floors, fully tiled ceramic walls & white bathroom suites
• Customised kitchens feature ceramic floor tiles
• Bespoke kitchen units with granite worktops
• Full complement of ultra-modern appliances
• Ceiling fans in all living rooms and bedrooms
• Air conditioning standard in bedrooms and optional in other areas
• All apartments have verandas offering privacy and partial shading
• Walls are finished in coral stone
• Ceilings are pickled wood tray giving a touch of 'old Caribbean grandeur'
• Penthouse apartments have dramatic exposed pickled timber ceilings
• Energy saving solar heating and water conservation systems
• Wired for Internet and satellite television
• Many apartments have private plunge pools
• Reception, concierge and welcome service
• 24-hour uniformed security
• Garage parking or covered, shaded car ports
• Many apartments with private entrances
• Passenger lift
• Apartments with safes and separate owner's lock-off
• 3rd floor infinity edge swimming pool and sun deck
• State-of-the-art media/cinema room with integrated surround-sound and large screen
• Fitness centre with aerobic and resistance equipment
• Pool bar
• Landscaped garden

Why is this an outstanding luxury investment opportunity?

Barbados offers investors an attractive and rare compromise: a harmonious blend of both the advanced infrastructure of a developed nation and the charm and beauty of a tropical island!

The property market in Barbados is the healthiest it has ever been and this is reinforced by the fact there are many exciting developments planned for the next several years.

The Village boast a unique location and setting on Barbados' affluent west coast. The unique aspect of beach and hillside, coupled with the high quality and unique design ensure that these properties remain a sought after asset for many years.

Other Selling Points :

• Upper apartments (7th floor) are some of the highest in Barbados
• All apartments have sensational sea views
• The Village's elevated position gives cooling breezes throughout the year
• The Village is situated in a quiet cul-de-sac screened by attractive foliage
• No through traffic
• 300 yards from a delightful white sandy beach and beachfront gardens
• A short walk to local shops

The Village offers a way of life that respects the privacy of the individual, whilst offering the benefits of a friendly community. Homes are clustered sympathetically on several levels around an elevated sun deck, with outward aspects to ensure every dwelling has views over the beautiful coastal scenery. Landscaped flyover bridges and walkways give a lightness of touch that both relaxes and inspires.

For more information on this development please fill out the enquiry form below. Alternatively call us on Free phone 0800 085 4125. (Outside UK: Tel: 44 151 237 2783).

Apartment Types - Floor Plans

One Bedroom Penthouse - Apartments with Floor Plans:

Two Bedroom Penthouse, Apartments & Townhouse - Floor Plans:

Three Bedroom Penthouse & Apartments - Floor Plans

 

 

For more information on this development please fill out the enquiry form below. Alternatively call us on Free phone 0800 085 4125. (Outside UK: Tel: 44 151 237 2783).

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Finance

Barbados Property Price List

Click Here to Download a PDF Price list   -- Currency Converter Below

Barbados Investment Property - Price List
See Apartment Types and Floor Plans above

Apartment No.	Style	Bedrooms	Sq. Ft	Price - US $
101	Amaryllis	2	1368	$996,225
102	Amaryllis	2	1368	$996,225
103	Amaryllis	2	1527	$1,111,750
104	Amaryllis	2	1368	$996,225
105	Amaryllis	2	1368	$996,225
106	Amaryllis	2	1711	$1,245,310
107	Amaryllis	2	1711	$1,245,310
301	Bougainvillea	2	1507	$1,114,550
302	Casuarina	1	723	$540,765
303	Datura	2	1292	$955,825
304	Eucalyptus	2	1292	$955,825
305	Eucalyptus	2	1292	$955,825
401	Bougainvillea	2	1526	$1,166,910
402	Casuarina	1	735	$606,700
403	Datura	2	1410	$1,080,375
404	Flamboyant	1	1065	$813,975
405	Flamboyant	1	1200	$918,375
501	Geranium	2	1457	$1,115,875
502	Hibiscus	2	1453	$1,112,950
503	Iris	3	2669	$2,093,795
504	Jasminum	4	2486	$1,899,750
601	Bougainvillea	2	1744	$1,387,825
602	Kalanchoe	2	1781	$1,416,615
603	Mahogany	4	2368	$1,880,625
701	Bougainvillea	2	1550	$1,333,300
702	Kalanchoe	2	1611	$1,386,995
703	Mahogany	4	2368	$2,039,255

Currency Converter

Enter the amount in the first box below, then select the currency to convert from then the currency to convert to then click the convert button.

 

For more information on this development please fill out the enquiry form below. Alternatively call us on Free phone 0800 085 4125. (Outside UK: Tel: 44 151 237 2783).

Barbados Mortgage Information

US dollar mortgages are available in Barbados and are an option we recommend when purchasing.

We recommend 'Blueshore UK' who are an independent UK based specialist mortgage broker in Barbados. They are familiar with our properties. For More Information, Click Here to Visit Their Web site .

The following mortgage information is taken from the Blueshore UK Web site:

You can release equity in your UK property so you can have a UK based mortgage to finance the deposit or even the full payment of your Caribbean home. We can arrange for you to borrow in the Caribbean via an Off-shore mortgage against the value of the property being purchased.

• Borrowing is done on international mortgage terms
• Lending is in hard currency (US Dollars, Canadian, Sterling, Euro) at rates linked to base rates in these countries
• Up to 70% financing for property purchase
• Up to 60% for properties US$ 1.5 million and over
• Up to 15 year term
• Fixed rates are available
• Property insurance is required

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How Do I Buy ?

Introduction

We are aware that purchasing property can often be a daunting and painstaking experience. At 7 Best invest we operate a client relations team that can give you one-to-one personalised service that ensures that your purchasing experience is an enjoyable one. We can give you as much or as little assistance as you require. We operate a hassle free policy which allows you to feel at ease and take your time and digest all the information in your own time before making any decisions.

We know our products are some of the best investments in the world. We are simply here to advise you which one is best suited to your needs.

Step 1: Inquire for more information on our products

Our client relations team will respond to your enquiry by sending you all the relevant documentation you have requested, including brochures, price listings and development information. 

Mortgages: We recommend 'Blueshore UK' who are an independent UK based specialist mortgage broker in Barbados. They are familiar with our properties. For More Information, Click Here to Visit Their Web site .

Step 2: Request Viewing

Our Client relation team will take care of all of your travel and accommodation needs for you. We can arrange your flights for you and 7 Best Invest will pay for your accommodation for up to 3 days in one of the local 4 star hotels.

Our local operations director will personally meet you from the airport and take you to your hotel. Once you have settled then our operations director will take you to the development site for your viewing where you will be given as much time as you need to look over our properties and the local areas.

We can at this time arrange for meetings with our lettings agent and any of the local banks or solicitors that will help you with your purchase.

NB: We require a 5000 Euro deposit to arrange your viewing trip, which is fully refundable.

Step 3: Agree to Purchase

At this point our client relations team will send you the relevant forms for your signature and a 30% deposit will be put down to ensure the sale. Once the contracts have exchanged within 28 days we can then refund any viewing trip cost that you have incurred, for example flight and excursion costs.

Step 4: Completion

Our local operations director will meet you in person on location for the completion. At this stage you will meet with the notary/Solicitor and the local bank for sign off for the mortgage. All of the final payments will be made, for example notary fees, IVA costs and the balance for the property. Once all the commercials have been agreed, the sale will be completed and the keys will be yours. Once again Our operations director will be with you personally to ensure that everything goes as smooth as possible.

For more information on this development please fill out the enquiry form below. Alternatively call us on Free phone 0800 085 4125. (Outside UK: Tel: 44 151 237 2783).

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About The Area

About St. James Barbados

Barbados (IPA: [bar-be-dos]), situated just east of the Caribbean Sea, is an independent island nation in the western Atlantic Ocean. At roughly 13° North and 59° West, the country lies in the southern Caribbean region, where it is a part of the Lesser Antilles island-chain. Barbados is relatively close to the South American continent, around 434 kilometres (270 miles) northeast of Venezuela. Its closest island neighbours are Saint Lucia and Saint Vincent and the Grenadines to the west, Grenada to the south-west, and Trinidad and Tobago to the south, with which Barbados now shares a fixed official maritime boundary.

Barbados's total land area is about 430 square kilometres, (166 square miles), and is primarily low-lying, with some higher regions in the island's interior. The organic composition of Barbados is thought to be of non-volcanic origin and is predominantly composed of limestone-coral. The island's climate is tropical, with constant trade winds off the Atlantic Ocean serving to keep temperatures mild. Some more undeveloped areas of the country contain woodland and scrub land. Other parts of the interior which contribute to the agriculture industry are dotted with large sugarcane estates and wide, gently sloping pastures, with many good views down to the sea coast.

Barbados has one of the highest standards of living and literacy rates worldwide. Despite its small size, Barbados's Human Development Index ranking is consistently among the top 35 in the world. It is currently ranked third in the Americas, behind the United States and Canada. The island is also a major tourist destination.

With a delightful climate, brilliant white beaches, beautiful wildlife and scenery, the Island's blend of Bajan flamboyance and British influence has charmed travelers and settlers for centuries.

Alongside the authentic atmosphere of the West Indies, Barbados also has a uniquely relaxed British feel, epitomised by the national obsession with cricket, the pretty churches and the many places that carry familiar names like Brighton, Cambridge, Chelsea and the Kensington Oval. The capital, Bridgetown, even has its own statue of Lord Nelson.

A healthy economy, stable political climate and excellent infrastructure make Barbados the perfect choice for holiday homes and investments. Its residents now include business executives, film stars and some of the world's most famous families.

Barbados gets an amazing 3,000 hours of sunshine a year. This, coupled with the air-conditioning effect of the trade winds, makes almost every day bright and warm. In January the temperature rarely dips below 21°C (70°F), while in in July, it can reach 30°C (86°F).

The dazzling white beaches of the west coast are just part of the island's beauty. The coral reefs that surround it host stunning marine life, while the landscape of sugar cane fields, pasture and native woodland are home to abundant native flora and fauna.

Bajans (as the Barbadian people call themselves) are perhaps the island's greatest asset. Their friendliness is legendary and they celebrate local traditions with such pride and gusto that you are bound to get drawn into the festivities. Barbados is also famous for wonderful cuisine, exquisite rum, a thriving artistic community and the infectious beat of calypso and reggae.

As well as excellent diving, sailing and game fishing, Barbados offers plenty of opportunity for land-based pursuits, with high quality horse racing at historic Garrison Savannah, prestigious golf tournaments, top-class polo and, of course, wherever you go, there is cricket, lovely cricket!

For more information on this development please fill out the enquiry form below. Alternatively call us on Free phone 0800 085 4125. (Outside UK: Tel: 44 151 237 2783).

Google Map of the area - Propect, St. James, Barbados, Caribbean:

Use the +/- symbols on map to zoom in/out - Select 'satellite' to view real images - Select 'hybrid' to see satellite view overlaid with map view. Hold left mouse button down on map and drag map in any direction.

 

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Frequently Asked Questions

THE DEVELOPMENT

WHAT DOES THE DEVELOPMENT CONSIST OF?

The development consists of 27 individually designed apartments and townhouses of 12 different designs, with a unique 3rd floor infinity pool and sun deck, the development has a high level of landscaping.

LOCATION

WHERE EXACTLY IS THE DEVELOPMENT?

In Prospect, St. James, Barbados: The development is set against a west facing hillside in the district of Prospect. On Highway 1 at the Escape Hotel turn East into Prospect Road, at the top of the road turn right into Hummingbird Lane, which is a quiet cul-de-sac. The Village is on the left to the south of the water course reserve.

HOW CLOSE IS IT TO THE SHOPS AND BEACH?

The development is a 5 minute walk to the local supermarket and a 3 minute walk to an excellent wide sandy beach, which has the benefit unusually of toilet changing facilities, a picnic area, shaded Casuarina trees and an area for parking. Sunbeds and parasols will be provided exclusively for the use of Village residents.

DO YOU HAVE PICTURES OF THE VIEWS?

Panoramic View from Property - St. James - Barbados - Caribbean

There are spectacular panoramic views from level 2 and above. Click on the image left for panoramic photograph of the views from the 6th floor level.

CONSTRUCTION

WHAT STAGE OF CONSTRUCTION IS THE DEVELOPMENT CURRENTLY?

Planning consent for the development has been approved. Pre-construction issues are now being finalised. The site has been cleared; hoarding erected and early landscaping has been planted.

WHEN WILL CONTRUCTION START?

It is anticipated that construction will commence in the 2nd quarter of 2008.

HOW LONG WILL IT TAKE?

The construction programme will take approximately 18 months.

WHO IS BUILDING IT - A REPUTABLE CONTRACTOR?

A contractor is yet to be appointed but it will be a reputable experienced and professional firm and the Developers own team of professionals will oversee the work.

WHEN IS THE EARLIEST DATE I CAN OCCUPY MY UNIT?

Depending on the method of construction it may be possible to occupy your unit before the total construction process is complete however not all services for example the swimming pool may be in operation at that stage due to ongoing building works. The current projected fully completed date is Christmas 2009.

WHAT IS THE METHOD OF CONSTRUCTION?

The building frame will be of reinforced concrete construction.

WILL IT WITHSTAND HURRICANES?

The building will be designed to hurricane standards and to comply with best practice.

WHO IS DOING THE INTERIOR DESIGN?

The interior design is being handled by D'Amico Designs based in Miami. The principal Teri D'Amico is personally handling all aspects of the interiors.

Those who commit to an early purchase may be allowed to make minor alterations to their apartment before the construction commences. It is also possible at this time to combine units if so desired.

WHAT ARE THE FINISHES THAT YOU ARE GOING TO USE? - ARE THERE UPGRADES I CAN CHOOSE FOR BETTER FINISHES?

All bedrooms have en-suite facilities, master bathrooms feature, travertine walls and white bathroom suites, floors generally have porcelain floor tiles, bespoke kitchen units with granite worktops, ceiling fans in all living rooms and bedrooms, air conditioning standard in bedrooms, optional in other areas, lounge area walls will have coral stone render features and will have pickled wood tray ceilings giving a touch of 'old Caribbean grandeur', penthouse apartments have dramatic vaulted pickled timber ceilings. There will be energy saving water heating and conservation provisions. The units will be wired for telephones, Internet and television. All apartments have verandahs providing privacy and partial shading, some have plunge pools. Apartments have safes and separate owner's lock-off, many apartments have private entrances.

WHAT APPLICANCES COME WITH THE PURCHASE?

A full complement of ultra-modern appliances: fridge freezer, oven, hob, washing machine, tumble dryer and dishwasher.

CAN I CHANGE WALL AND FLOOR TILING?

This would only be possible if you have exchanged contracts to purchase your unit well before the construction period starts, early purchasers will be given extra flexibility.

CAN I DISCUSS MY PERSONAL REQUIREMENTS WITH THE INTERIOR DESIGNER?

Yes, any personalisation of the apartment that you wish to undertake can be discussed with the Interior Designer, but the cost would be your responsibility.

WILL THERE BE A FURNISHINGS PACKAGE?

There will be a comprehensive detailed furnishings package included.

IS THERE SATELLITE/CABLE TV AND INTERNET ACCESS?

The development will be wired for television reception. Individual entertainment packages can be purchased from the provider. There will be wireless internet access available throughout the development. Individual packages to be purchased from the provider.

I AM DISABLED/PARTIALLY SIGHTED AND HAVE SPECIFIC REQUIREMENTS

The Developer will be happy to discuss with you any specific problems you may encounter and work with you to see if your needs can be accommodated.

CAN I VISIT THE SITE DURING CONSTRUCTION?

Yes, site visits can be arranged so that you can be satisfied as to the construction of the building.

PAYMENT

HOW DO I PAY FOR THE UNIT?

An initial reservation deposit of US$10,000.00 is placed with the vendor's attorney

Thereafter payments are made on a staged basis:

• Step 1: On exchange. 30% of the purchase price, less the deposit.
• Stage 2: Six months into construction. A further 30% of the purchase price.
• Stage 3: On completion. The balance of the purchase price.

HOW WILL I KNOW WHEN EACH 'STAGE' IS REACHED?

An independent technical consultant/surveyor will inspect the building periodically and issue a certificate confirming that the stages have been reached and the next payment is due.

CAN I PURCHASE THE PROPERTY WITH A MORTGAGE?

Yes, you can. Please get in touch with us on the enquiry form below for more details.

CAN I PAY THE STAGE PAYMENTS IN THE UK OR ELSEWHERE?

Yes it may be possible to arrange to pay in sterling in the UK or alternatively in another currency elsewhere subject to agreement at the outset.

DUE TO THE STRENGTH OF THE POUND I WANT TO FORWARD BUY DOLLARS, CAN YOU HELP ME?

Yes, the Developer has contacts with firms within the UK who will forward sell dollars at a fixed rate, please ask for more details.

WHAT DOES THE PURCHASE PRICE INCLUDE?

All fixtures and fittings are included, together with a high quality furniture pack. Also included in the price of each unit is a covered parking space.

OPERATION

IS THERE SECURITY AT THE VILLAGE AND HOW MUCH WILL IT COST?

At the outset, there will be uniformed 24 hour security, which is met within the service charge budget. Ultimately this will be a matter for the owners to decide on.

WHAT HAPPENS IF MY WASHING MACHINE OR OTHER EQUIPMENT BREAKS DOWN?

Initially the appliances will be covered by the manufacturers warranty and thereafter the managing agent can arrange a service call at your expense.

WHO WILL MAINTAIN THE BUILDING AND GROUNDS?

The maintenance managing agent will be responsible for ensuring the building and gardens are thoroughly maintained.

WHO CLEANS THE WINDOWS?

This will be undertaken by the maintenance managing agent.

CAN YOU LET MY APARTMENT FOR ME AND MANAGE IT, WHEN I AM NOT IN OCCUPATION?

Yes, it is assumed that purchasers will put their units into the letting pool. The management letting team will fully organise lettings like a hotel operation. The letting process will be discussed fully at the time of purchase.

IF I AM ARRIVING LATE COULD SOMEONE GET MY APARTMENT CLEANED AND PREPARED?

Yes the management letting team will provide an on arrival welcome service to ensure that your apartment is in order and has been cleaned and there are some basic provisions.

WHAT ESTATE FACILITIES WILLBE PROVIDED?

Reception, concierge, welcome service. 24-hour uniformed security, garage parking or covered shaded car ports, passenger lift, 3rd floor infinity edge swimming pool and sun deck, state-of-the-art media/cinema room with integrated surround-sound and large screen, fitness centre with aerobic and resistance equipment, pool bar, landscaped garden.

IS THERE A BAR BY THE POOL?

There will be an honour bar stocked with soft drinks and fruit juices by the pool. Ultimately this will be a matter for the owners and management letting team to decide on.

WHAT HAPPENS IN THE MEDIA/CINEMA ROOM AND WHO CAN USE IT?

The media room will be available for booking, and is a facility exclusively for the use of residents and their guests. It will have a large screen and projection equipment as well as surround sound and can be used to play DVDs or other media. The room can also subject to availability be used for functions or meetings.

HOW MUCH IS THE SERVICE CHARGE AND WHAT DOES IT COVER?

There is a service charge budget, which has been prepared, which gives the full breakdown of the costs.

HOW IS IT PAID I.E. QUARTERLY, MONTHLY?

Quarterly in advance.

PURCHASING

CAN YOU HELP US GET A MORTGAGE?

Yes, you can. We recommend Blueshore Mortgages who are an independent UK based specialist mortgage broker in Barbados. They are familiar with our properties. For More Information, Click Here to Visit Their Web site .

ARE TIME SHARE PURCHASES AVAILABLE?

No.

ARE FRACTIONAL JOINT OWNERSHIP PURCHASES AVAILABLE?

Yes. There are 3 units available in this form. Maximum of 4 owners per unit. Units are sold on a turnkey and are fully furnished.

WHEN I BUY A UNIT HOW MUCH TAX/STAMP DUTY DO I PAY?

There is no stamp duty payable on the purchase of the property.

IF I SELL MY UNIT HOW MUCH TAX/STAMP DUTY DO I PAY?

This will depend upon how the property is owned. Property Transfer Tax (PTT) is chargeable on the sales price. However a Tax efficient structure can eliminate this expense.

WHAT ARE THE PROCEDURES FOR BUYING IN BARBADOS?

A separate sheet has been prepared to help explain the procedures, please ask for a copy.

CAN YOU RECOMMEND A LAWYER ON THE ISLAND AND WHAT DO THEY CHARGE?

We would be happy to recommend a good lawyer to you who is familiar with the development and who can process your purchase expeditiously and minimise cost. Legal fees are set on a sliding scale but on average a purchaser will pay around 1.5% of the purchase price.

For more information on this development please fill out the enquiry form below. Alternatively call us on Free phone 0800 085 4125. (Outside UK: Tel: 44 151 237 2783).

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Barbados Brochure

Document is in Adobe Reader - PDF format. If you don't have this on your computer you can download it here.

• Barbados - Brochure

For more information on this development please fill out the enquiry form below. Alternatively call us on Free phone 0800 085 4125. (Outside UK: Tel: 44 151 237 2783).

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