Although Barbados is a small island, you would be surprised at the various types of real estate for sale in Barbados. From chattel houses and luxury mansions to resort communities and beachfront condos, there is something for every budget and preference.
Visitors flock to the island to soak up the sunshine, enjoy international and local cuisine, and, of course, have fun on the many beautiful beaches in Barbados. In this article, we will look at the different types of property you can buy in Barbados so that you can find the perfect one to suit your needs.
Gated community developments in Barbados
Secure, gated community developments have been popular with overseas buyers for the past 30 years. These communities have a wide range of ownership options, from move-in-ready villas to purchasing a plot of land and designing and building your dream home. Two of the most famous communities in Barbados, Royal Westmoreland and Apes Hill, also offer the opportunity to develop and live around their golf courses.
Boutique apartments for sale in Barbados
If you are looking for a little more independence, the island’s developers have responded and are building intimate boutique apartments. Housing 10–25 apartments with shared facilities and costs, they typically offer a mix of one-, two-, and three-bedroom apartments. These developments also may include a rental and management option for owners to join. This option offers complete hassle-free ownership that may cover your running costs and provide a small rental return.
Condo-hotels options
For those wanting to enjoy the facilities of a hotel, more hotels are becoming mixed-use and offering ownership options too. These condo or resort hotels operate as hotels but provide a unique opportunity to own a second home in Barbados.
These are a great solution if you want access to a wealth of hotel facilities but also want to own property. The hotel manages, rents, and keeps the property safe when you are not there. These condo hotels are typically located around the main attractions and activities on the South Coast.
Fractional Ownership in Barbados
Finally, many people looking for real estate for sale in Barbados choose to buy fractional ownership before committing to a more significant second home purchase.
Fractional ownership is an excellent opportunity for those who want to test the waters (location, property type, and size) before upgrading in future years. The good news is that more prominent developers provide a stepping-stone option allowing you to move from owning a couple of weeks of fractional ownership to full ownership. This is a great way to own specific weeks at the property of your choice while sharing the running costs with other owners.
Tips on buying property in Barbados
Barbados is blessed with luxury properties, whether beachfront with ocean views or inland with countryside vistas. With so many choices, it’s essential to research your dream home and:
- Have a budget in mind
- Know what type of property you want
- Decide where you want to be based
- Engage a lawyer
- Learn all the costs involved with ownership
It goes without saying that you should work with a trusted realtor who knows the market and always has your best interests at heart.
If you’re interested in finding out more about real estate for sale in Barbados, contact the Residence Barbados team today, and we will work with you to find your ideal property. Telephone us on BIM +1 246 230 4982 | UK +44 0208 123 9273 | US/CAN + 1 239 444 8176 or via WhatsApp and Facebook Messenger.
Content Disclaimer
The information above about choosing a real estate agent in Barbados is provided only for information purposes. The amenities listed may or may not be available at any time. The contents of this blog post are not intended to amount to advice, and you should not rely on any of the contents of this post. Professional advice should be obtained before taking or refraining from taking any action as a result of the contents of this post. Residence Barbados disclaims all liability and responsibility arising from any reliance placed on any of the contents of this newsletter.
