Barbados a new real estate haven for celebrities
Barbados a new real estate haven for celebrities
Posted 11 days ago

Owners of second homes in Barbados have been looking a bit glum in the past few years. A beautiful island, and a gorgeous holiday destination. But the bottom line, financially, has been far less impressive than the bikini lines. In fact, until the back end of the last year, property…

Barbados a new real estate haven for celebrities
Top 12 cities in world driven by real estate
Top 12 cities in world driven by real estate
Posted 11 days ago

According to a new report from international real estate adviser Savills called 12 Cities, New York and London have been named as leading international cities of the world. Savills classes cities based on their prominence and fame, as well as economy and size; factors that will determine the cross-border investability…

Top 12 cities in world driven by real estate
Should I downsize my home or not
Should I downsize my home or not
Posted 11 days ago

It can happen when the kids leave home or retirement looms or your first grandchild is born hundreds of miles away. You start to think about leaving a house that’s now too big for you and downsizing to a smaller house or condo or a retirement community. After launching three…

Should I downsize my home or not
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Barbados a new real estate haven for celebrities

by Property Management Software on April 10, 2014

Barbados Real Estate

Barbados Real Estate

Owners of second homes in Barbados have been looking a bit glum in the past few years. A beautiful island, and a gorgeous holiday destination. But the bottom line, financially, has been far less impressive than the bikini lines. In fact, until the back end of the last year, property prices were on a downward trend.

“The first big sign that the Barbados property market was making a comeback came in June 2013,” says Kim Goddard, director of sales at the Royal Westmoreland, a luxury golf resort community. “A French-Canadian buyer paid $51 m for Cove Springs on the west coast. It was the highest price ever paid for a residential property on the island. I just thought, ‘Holy cow!’ ”

There have been other “Holy cow!” moments since, notably last autumn, when the pop singer Rihanna, one of Barbados’s most instantly recognisable celebrities, paid $22 m for an apartment in the One Sandy Lane development. Previously, she had rented the property, waiting for the best time to invest long-term.

“What she did was typical,” adds Goddard. “The market was in the doldrums, property prices had fallen, so buyers were naturally cautious. They bided their time.”

Barbadians tend to be glass-half-full types, and as property prices have fallen in the past few years, there has been talk of “a necessary market correction”. But there seems to be confidence that most of that market correction has taken place.

Are you ready to have Rihanna as your neighbor?  CLICK HERE

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Top 12 cities in world driven by real estate

by Property Management Software on April 10, 2014

Top 12 cities

Top 12 Cities

According to a new report from international real estate adviser Savills called 12 Cities, New York and London have been named as leading international cities of the world.

Savills classes cities based on their prominence and fame, as well as economy and size; factors that will determine the cross-border investability of their real estate and their future as well as their current ‘world class’ city status.

In 12 Cities, the Savills ‘X-Factor’ world city characterization looked at a combination of global competitiveness, together with measures such as connectivity, international visitors and web search data, to determine overall world city status.  Behind New York and London, using these metrics, Singapore and Paris start to rival the two leaders,  while Moscow, Mumbai and Rio de Janeiro are less-established leading global cities in the top tier of twelve in the study.

Which cities provide the best return?  CLICK HERE

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