Barbados Luxury Condominiums Attracting Wealthy Individuals
Barbados Luxury Condominiums Attracting Wealthy Individuals
Barbados Luxury Condominiums are in demand
Barbados Luxury Condominiums are in great demand because Barbados has built an enviable reputation as the most attractive place to live and work in the Caribbean. The country has a vibrant economy, which operates in a very stable political and social setting, while excellent infrastructure and modern services available across the island. It is no wonder that some of the wealthiest families in the world have built luxurious mansions on the islands shores, while many famous movie stars rent luxury condos or spend time in 5 star hotels like Sandy Lane every winter. The attraction to Barbados is enhanced by the fact that these individuals can come and go without being hassled by the media or the locals. The weather is also beautiful during the winter months, with temperatures ranging from 26 to 31 C in the day time and 23 to 25 C at night. With the Atlantic ocean on the east side of Barbados, there is always a cooling ocean breeze to moderate these temperatures even further.
High net-worth individuals quite often set up International business companies in Barbados so that they can purchase real estate in the name of their company. This makes it easier to transfer ownership when it is time to sell and realize a handsome appreciation on their real estate investment. They just sell the company, which owns the real estate.
Barbados Real Estate – Provides Good Return On Investment
Barbados real estate investments have returned a consistent 8 – 10% per year for the last twenty years. In the last few years, three new golf courses have been developed with luxurious villas and fairway homes. The latest of these golf clubs is Apes Hill Club, which has been carefully planned so that each resident may take maximum advantage of the view atop one of the island’s highest ridges. Many of the lots on this course will allow residents to view both the west and east coast of Barbados.
The most recent evolution in Barbados Real Estate development is the rapid expansion of Luxury Condominiums and luxury villas. New projects are being developed on both the west and south coast of the island. These Luxury condominium developments have become very popular because they provide common services such as:
Privacy with twenty four hour security service within a gated community. Full service fitness centres. Global Concierge management service. Swimming pool and/or tennis courts.
Other special interest like boating can be satisfied by choosing a development within a marina.
Barbados Luxury Condominiums – The preferred Locations
The most popular location is still the beach front properties on the West Coast, where you can find splendid luxury villas and unique Luxury Condominium developments like “Portico”. Other attractive areas of development include the Golf courses such as Sandy Lane Country Club, Royal Westmoreland, Barbados Golf Club and the newest luxury properties, which are now available at Apes Hill Club. There are also very attractive luxury villas being built for those who have a particular interest in Tennis or Polo. There are now several Polo Clubs on island, which include luxury villas and the usual gated community services that would satisfy the most discerning individuals.
Several new luxury condominium developments are also being built on the South Coast of Barbados. With beach front property becoming very scarce on the west coast, the demand for beach front property on the south coast has been growing rapidly. Some new condominium developments have recently been completed and are attracting prices over U.S. 0,000.00. The value of these residences will appreciate over the next few years as the few remaining beach front sites on the south coast are developed.
If you would like to learn more about some of these exciting Luxury developments in Barbados, you can click on Barbados Luxury Condominiums.
Earlyn Shuffler is a Tourism Management Consultant and was President of the Barbados Tourism Authority for five years. He now provides management consultancy services to small and medium size businesses in Barbados and the Caribbean. He also writes articles on Tourism Marketing, Barbados Real Estate and how to do business on the Internet. You can learn more about investing in Barbados Real Estate by visiting: Barbados Luxury Condominiums.
www.terracaribbean.com Wonderful luxury home on the prestigious Sandy Lane Golf estate. The Ca Limbo villa has 6 bedrooms and a separate cottage with private plunge pool. The property comprises a modern kitchen and informal dining make this a very comfortable home. Ca Limbo is complete with membership at the Sandy Lane Homeowners Beach facility and is within easy walking distance of the beach and all amenities. Excellent holiday villa rental bookings make this an attractive real estate opportunity. Visit www.terracaribbean.com for more information on this villa and many others in Sandy Lane and along the West Coast of Barbados
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Tags: Attracting, Barbados, condominiums, Individuals, luxury, Wealthy