Caribbean Investment Property, which is located on the west coast of Barbados, has proven to be some of the most secure real estate investments in the region. The return on investment for Barbados luxury real estate has been an average 8-10% per year for more than twenty years. Because of the increasing scarcity of beach front property on the west coast of Barbados, there has been a growing trend to Barbados luxury condominium developments on the few remaining sites. Caribbean Investment Property – Barbados Luxury Condominiums Leading The Market.
Barbados luxury condominiums have been leading the demand for Caribbean investment property because of the high quality of these developments and the exceptional quality of life that has been achieved in this Caribbean island.
This is referred to as your Board’s fiduciary responsibility but the way some Boards operate they most likely never heard this word. I doubt your Board (especially in age restricted communities with no term limits) completes any sincere review that considers the value of existing amenities and the financial impact on the community: they rubber stamp everything that currently exists which is “the easy way out”. A beneficial amenity can be described as a needed/expected service to the community, one that attracts home buyers and/helps maintain property value, contributes to community comfort and convenience, and/or is used by/serves a majority (preferably more) of the community.
The Human Development Index (HDI) measures performances in health, education, income, and other quality of life indices. Based on the HDI, Barbados, which has been called the “Singapore of the Caribbean,” joins such countries as Israel, Hong Kong, Singapore, Slovenia, Cyprus, Malta, Lichtenstein, Bahrain, Qatar, Andorra, San Marino, Brunei Darussalam, Monaco, United Arab Emirates, and Estonia on the list of “developed” countries.
Their continued support/expense is justified only based on their existence: management by being uncreative. In many cases, such as my age restricted community in Colorado, the swimming pool becomes a poster child of the “eye candy” syndrome. Think of it, the pool is open 3 1/2 months, mostly used by 10-20% of the residents, some grand children, but can be best characterized by “non-usage” with the potential for expensive repairs and maintenance. Potential home buyers in this age group (60, 70 year old plus) are no longer “water bugs” and their heirarchy of needs and amenities would rate a part year, outdoor swimming pool low on their list: “eye candy” doesn’t raise home values, it raises expenses.
These incredible luxury condominium developments, which are being offered on the Barbados west coast, are some of the best to be found in the Caribbean. Most of these Caribbean investment properties are the kind of luxury developments that appeal to wealthy individuals, who are seeking a unique second home in a safe and enjoyable warm weather Caribbean island. Barbados has positioned itself as the number one place to buy investment property in the Caribbean.
Barbados Luxury Condominiums – South Coast Beach Environment At Risk? Because of the growing scarcity of beach front land on the west coast of Barbados, there is a growing interest in luxury developments on the south coast. One recently completed Barbados Luxury Condominium project that is of note is the Palm Beach Luxury Condominiums. The south coast beach, on which this project was developed, is particularly interesting because it is a protected beach access for the sea turtles, which come to nest in the soft white sand. It is an unbelievable sight to see the large turtles (up to four feet wide) digging a place in the sand, laying hundreds of eggs and covering them before returning to the ocean. You may also be fortunate to see young turtles struggling out of the sand (after they have hatched) and making the short trek to the ocean on a clear moon light night. A few of these little creatures will grow and survive to return to the same beach and lay their eggs to produce another generation of these fascinating sea creatures.
While the development of Caribbean Investment Property is welcomed by small island states like Barbados, there is a growing awareness that each development project must be evaluated to ensure that the environment and wild life will be protected. Governments in the Caribbean will need to be vigilant in maintaining this fine balance between the need for economic development and the need to ensure protection of the environment; a feature, which makes these islands such precious gems.
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