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Local land in demand

BEA DOTTIN, [email protected]

Local land in demand

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The interest of wealthy foreigners in buying properties in Barbados  is on the rise, reportedly as a result of Government’s new residency rules that give high net-worth individuals the opportunity to go and come as they please.
That’s according to  a recently released 2013 Caribbean Insight Report which pointed to more interest in Barbados than any other island.
The report, produced by London-based estate agency Knight Frank, examines the key trends in the prime Caribbean housing market. It highlights the latest economic, political and tax implications for second homeowners and provides a snapshot of current market conditions on the main islands, including Barbados.
It said that in 2012 there was an increase in the volume of searches for Barbados property  and nearly half of all its Caribbean enquiries related to Barbados. (DP)

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