NEW! Barbados ~ Apes Hill Club ~ 3 bed villas
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Barbados is the island of luxury with wonderful weather, exotic beaches and a relaxed lifestyle. The region is politically stable and offers a generally underdeveloped territory with numerous pristine locales supported a constantly improving infrastructure. Logistically, most of the Caribbean is just a two or three hour flight from New York, Washington DC, Atlanta, Miami, and Houston. The US dollar is utilized everywhere and most purchases are generally straightforward. Although certain countries have moderately high purchase tax requirements, most of the region offers very attractive tax, banking, and residency benefits.
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The Caribbean has some of the world's most beautiful and challenging golf courses, and hosts many major and local tournaments. Most courses have in-season and off-season prices, as well as guest and non-guest prices (many courses are part of resorts or hotels) and member and non-member prices. Other popular activities on the Caribbean islands include snorkeling, sailing, shopping, tennis and visiting the many carnivals and festivals which take place during the year. The Caribbean islands are also reputed to offer a lively nightlife.
The waters around Barbados are a treasure trove of marine life making scuba diving a popular activity. Barrier reefs, situated about one and a half to two miles (2.5 to 3km) from shore, are home to numerous schools of tropical fish and numerous ship wrecks. Being a coral island, a coral reef stretches all around Barbados' coastline, providing for unlimited surfing conditions all over and is guaranteed to have surf somewhere along it's shores at almost any given day of the year. Barbados is also one of the best wave windsurfing spots in the world, particularly from mid-November to the end of June when the moderate trade winds blow consistently over the shores.
Cuisine in Barbados primarily consists of fish, lobster, breadfruit, sweet potatoes, fruits and vegetables, chicken, pork and well-seasoned beef. The national dish of is flying fish and Cou Cou, which is a mashed potato-like dish made from corn meal and okra. Also try crane chub, pepper-pot soup, puddin' and souse (pigs entrails stuffed with grated sweet potatoes, pigs feet and ears), roti (curried chicken or beef and mashed potatoes wrapped in pastry, a meal in itself) and conkies (made from corn meal, raisins, spice, pumpkin and sweet potatoes).
Local fruits include Barbados cherries, dunks, ackees and soursop (known in other parts of the Caribbean as ginops) -- a small, green-skinned fruit with a sour-sweet gelatin inside that surrounds a seed.
Barbados has a comparatively high standard of healthcare, but medical expenses in can be costly, so acquiring proper medical insurance coverage is important. In fact, even if you do have insurance, many hospitals and treatment facilities require payment at the time of service.
Fine print: Although there are no restrictions on foreign ownership, there is one formality: Nonresidents must obtain permission from Barbados's Central Bank if they want to buy property. This is pro forma, but failing to do so will void your purchase. Property may be purchased by a company, an individual, or a trust. Financing is not always available locally to foreigners, and any money brought into the country must be registered with the Central Bank.
Hidden costs: Barbados has a high cost of living and a value-added tax of 15 percent.
Rental prospects: It is relatively easy to rent out your home in Barbados. High season is December through mid-April, when you can expect an occupancy rate of 65 percent; in the summer months, occupancy hovers around 45 percent. In high season, a three-bedroom villa on the water fetches $1,000 to $1,800 a day, and a five-bedroom villa within walking distance of the beach rents for up to $3,500 a day. In low season, prices are about half that. Rental income is taxed at up to 40 percent.
Area: 430 sq km
Population: 264,000
Language: English
Government: Independent state within the British Commonwealth
Head of State: Governor General Sir Clifford Husbands
Head of Government: Prime Minister The Right Honourable Owen Arthur
GDP: US$2.9 billion
GDP per capita: US$11,200
Inflation: 2.6%
Major Industries: Tourism, sugar, light manufacturing, component assembly for export, agriculture, and fishing.
Major Trading Partners: Caribbean Islands, United Kingdom, United States of America.
Why Buy Property for sale in Barbados?
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