Aqua Villas – Fitts Village St. James (4) 1,600 sq. ft. town houses with an excellent view of our coastal waters, 2 bedroom, 2 ½ bathrooms, A/C in each bedroom, home will be outfitted with all appliances, porcelain tiles, marble counter tops in bathrooms, granite counter top in kitchen and individual plunge pool USD$325,000/£162,500 fill in our enquiry form for more information
	Ref Brownes Barbados is an oasis of amazingly affordable, luxury boutique apartments specifically designed for investors and residents alike. from $380,000/£190,000 click on picture for more details
	Ref sandcastle On an elevated bluff overlooking the turquoise waters of Long Beach is Sandcastle. With 46 units on offer, Sandcastle represents a blend of modern Caribbean architecture and contemporary interiors. click on picture for more details
	Ref Fairwind Lane Two attractive home styles of generous proportions designed for tropical living are available to a privileged few. Owning a home at Fairwind Lane offers a rare opportunity to live in an idyllic rural setting with the ease of modern day living. click on picture for more details from $419,00/£210,000
	St Lawrence Apartments. 2 and 3 bed luxurious duplexes and penthouses all with sea views. from Bds$ 990,000 (press on picture to see the full details)
	Springcourt is a residential oasis being constructed in Rockley New Road, Barbados. These superb condominiums are located on the North side of the sought after area of Rockley Resort. It has beautifully landscaped gardens which extend up the hill at the North of the site and nestles under the Rendezvous ridge. The development is bounded by walls, fences and hedges, thus creating an atmosphere of intimacy, peace and tranquility conducive to relaxation..from us$ 325,000/£162,000
	Plantation Cottage consists of three 3-bedroom townhouses, located on the Westmoreland Road, below Sugar Hill. Each home has a contemporary styling with an essence of the Caribbean. Nestled amongst tropical landscape each home incorporates split level construction, designed to lead you through the careful balance of exterior and interior space, you may find a bedroom opening up to it’s own verandah or even plunge pool.USD$499K / £250,000 only one left click on picture for more details
	Ocean one located on half mile of beach at Maxwell Coast Road, on Barbados’ south coast.Conveniently located with easy access to an abundance of restaurants, bars, banks and stores. The airport and the highway are also minutes away.1,200 to 3,000 square feet of floor space including a spacious balcony offering spectacular beach views of the south coast shoreline o superior fittings and finishings o Italian kitchens including major appliances (oven w/cooktop, fridge/freezer & microwave) o stackable washer/dryer o Italian bathrooms with marble tiles and marble shower stalls o ceramic porcelain or hardwood floors o spacious bedrooms with fitted wardrobes o wired for cable tv & internet access o central air-conditioning throughout (no unsightly split systems) from $995,000/£495,000 fill in our enquiry form for more information
	Ref resale Southern Heights located in Christchurch A lovely two storey home standing on 8,200 sq. ft of land. asking price is $800,000/£400,000 Click on picture to see the outstanding features of this home
	Ref Sunrise Place This is a unique opportunity for an investor as a lifestyle or business opportunity .US$2,950,000/ £1.500.000 for complete building registered as a hotel in Barbados Click on picture
	Ref Searocks These are in the best most unbelievable spot on the Southcoast one min from Miami beach. Under pre release y ou can reserve one now for $10,000 refundable deposit to secure the best units. Click on picture to see details Thes are pre release units
	ref Atlantic Park is a fast developing residential area on the East Coast..Brand New four bed home in popular and convenient location with views of the East Coast Price USD 425,000/£212,500 Click on picture to see details
	Ref Inch Malow This 3 bedroom 3 bathroom property is a must for those looking a for a restful and relaxing way of life Price: US$1.6 millio/£800,000 .Click on picture to see details

Barbados Property Buying Information

Buying property, a home or a business in Barbados is not difficult, as there is no differentiation made between nationals and non-nationals. However, as a formality, non-nationals must first get permission from the Central Bank of Barbados for the purchase of a property.

Barbados Property Transfer Tax
There is no Property Transfer Tax for anyone buying an existing building, but there is a Property Transfer Tax of approximately 10% of the value of the purchase for anyone buying land.
Legal Fees
It is advisable to employ the services of an registered Barbadian attorney-at-law. The buyers legal fees for property transfer in Barbados are regulated by government and are set between 2% to 3% of the purchase price, plus 15% Value Added Tax added to these fees.

Barbados Property Title
Property in Barbados is transferred by conveyance of title, with the Public Registry maintaining a record of ownership. The title may be registered in your own name, or more commonly in the name of a company set up specifically to own the property. If the title is to held by a company, the company may be incorporated outside Barbados, but must be registered to do business in Barbados. The use of a company for property ownership makes the future sale of the property very simple.

A property purchase in Barbados usually requires a deposit of 10% to be paid to the vendors attorney and held in an escrow account, to secure the property. The balance of the purchase is usually paid within 90 days, upon which the title is conveyed to the purchaser. During the time between payment of the deposit and completion of the sale, the buyers legal representative will perform a search on the title to ensure that there are no legal encumbrances, charges, encroachments, or other impediments.

Mortgages in Barbados
Financing is available in Barbados for non-nationals and is provided by several local banks. Non nationals can obtain US dollar loans for up to 60% of the property value, over a term of up to 15 years, with Barbadian nationals often being able to obtain longer repayment terms of up to 20 to 25 years. Barbados interest rates are higher than most European and North American countries and therefore the cheapest option for most non-nationals is to find a second mortgage on their existing property.

Barbados Fund Registration
Funds brought into Barbados from overseas should be registered with the Central Bank as a formality, with the registration often being made by the buyers attorney or banker as part of their services. Registration ensures that your funds are protected as a foreign investor and allows the repatriation of these funds should you choose to sell at some point in the future.

Currency Transfer
An approximate exchange rate for Barbados Dollars, as of July 2007 is as follows:
* US $1 = Bds $2.00;
* GBP £1 = Bds $4.09

Barbados Property Tax
Property Tax is charged annually by the government on each property, based on an assessment of the improved value, or if undeveloped, on the site value. These valuations are reviewed every 3 years and taxes rated as follows:

Improved Property
0% on the first US$62,500
0.1% on US$62,501 to US$175,000
0.65% on US$175,001 to US$425,000
0.75% on values in excess of US$425,000

Commercial Property
0.65% of property value
0.90% for hotels

Unimproved Land
0.60% on unimproved value of the land

Barbados Income Properties
Barbados has an active rental market for both long-term and vacation rentals. The returns that can be made from these properties can vary widely depending upon the property purchased, however in general investors should anticipate returns in between 5% to 12% on income, whilst also enjoying capital appreciation.

Property owners wishing to rent their property for short-term rentals, must register for VAT and add 7.5% value added tax to the rental charged. Registration for VAT has the advantage of allowing the property owner to reclaim VAT paid by the owner in the maintenance and upkeep of the property. Profits derived from rental activities are subject to Barbados income tax.

Barbados Property Management
There are many local managing agents in Barbados that offer services to handle the day-to-day running and maintenance of properties and ensure that the property is run smoothly and is ready to receive guests or owners.

Condo and Apartment Maintenance Fees
The typical maintenance fees charged, range from US$200 to US$750 per month and vary from development to development.

Town and Country Planning
When purchasing land, the vendor is required to provide the buyer with a Certificate of Compliance from the Barbados Town and Country Planning Office, certifying that the roads and services have been constructed in accordance with planning guidelines.

Planning permission is required for the construction of a new property or the improvement of an existing property, with the process usually taking between 2 and 6 months from application to notification. The planning department will judge any application for its compliance to a set of guidelines governing such things as the distance between adjoining properties and other physical objects, building density, height, method of effluent and rainwater disposal and the zoning of the land.