Caribbean Investment Property, which is located on the west coast of Barbados, has proven to be one of the safest real estate investments in the region. The return on investment in luxury real estate in Barbados has been averaging 8-10% per year for over twenty years. Due to the increasing scarcity of beachfront properties on the west coast of Barbados, there has been a growing trend for Barbados luxury condominium developments on the few remaining sites.
Caribbean Investment Properties: Market Leading Luxury Condos in Barbados
Barbados luxury condominiums have led the demand for investment properties in the Caribbean due to the high quality of these developments and the exceptional quality of life that has been achieved on this Caribbean island.
International interest in Caribbean investment properties has been steadily growing even in times of economic slowdown like the ones we are currently experiencing. Wealthy individuals and families in northern climes have continued to seek a warm-weather destination where it is safe and the quality of life is pleasant. Although luxury real estate developments are being offered on almost all the islands of the Caribbean, Barbados continues to stand out for the incredible quality of life that it has achieved in the last forty-four years since it gained its independence in 1966. It should be noted that Barbados is the first country in the Caribbean and Latin America to be classified as “Developed” in the recent 2010 UN Human Development Index (HDI). Barbados thus joined the ranks of the world’s “developed” nations in terms of to provide people with an excellent quality of life.
The Human Development Index (HDI) measures performance 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 countries such as Israel, Hong Kong, Singapore, Slovenia, Cyprus, Malta, Lichtenstein, Bahrain, Qatar, Andorra, San Marino, Brunei Darussalam, Monaco, the United Arab Emirates and Estonia on the list of “developed” countries.
Luxury condos in Barbados: the west coast remains the most popular
In recent years there have been several luxury condominium developments in Barbados on the west coast. Starting in the north, near Speighstown, these investment properties have been springing up on the beaches and working their way south to the area between the Sandy Lane Hotel and the new Four Seasons Hotel project. The architecture, amenities, and landscaping of these luxury developments are incredible. One of these luxury condominium developments in Barbados has been awarded the prestigious 2009 Best International Apartment by International Property Awards in association with CNBC Arabia, as well as two five-star awards for “Best Apartment in the Caribbean” and “Best Development In the Caribbean”. .
Offered on the west coast of Barbados, these incredible luxury condominium developments are some of the best to be found in the Caribbean. Most of these investment properties in the Caribbean are the type of luxury developments that attract wealthy individuals looking for a unique second home on a safe and friendly warm-weather Caribbean island. Barbados has positioned itself as the number one place to buy investment property in the Caribbean.
Barbados Luxury Condos – South Shore Beach Setting At Risk?
Due to the increasing scarcity of beachfront land on the west coast of Barbados, there is increasing interest in luxury developments on the south coast. A recently completed Barbados luxury condominium project that is noteworthy is Palm Beach Luxury Condominiums. The beach on the south coast, on which this project is developed, is especially interesting because it is a protected beach access for sea turtles, which come to nest in the soft white sand. It is an incredible 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 lucky enough to see young turtles struggling to get out of the sand (after hatching) and making the short trek to the ocean on a clear moonlit night. Some of these little creatures will grow and survive to return to the same beach to lay their eggs to produce another generation of these fascinating sea creatures.
While small island states like Barbados welcome investment property development in the Caribbean, there is a growing awareness that every development project must be assessed to ensure environmental and wildlife protection. The governments of the Caribbean must be careful to maintain this delicate balance between the need for economic development and the need to guarantee the protection of the environment; a characteristic that makes these islands precious jewels.
