17 Jun 2009Blog

Global Property Guide: Barbados prices continue to rise

by m

Here’s an overview that shows Barbados is continuing to see increases in property prices, expanding mortgage facilities and a thriving rental market both on the west and south coast of the island.

The property market in Barbados remains buoyant. In early 2009, demand stayed strong, despite the global crisis.

Property price increases have been about 10% to 15% annually over the past years, according to Cluttons Barbados. At the upper-end market, prices of luxury houses have appreciated more than 15% per year, Cluttons adds.

“Barbados has in the past always performed well, as more established and international markets decline – and then Barbados again benefits, as these more international markets bounce back.” says Tim Morgan, managing director of Cluttons Barbados.

What do you think?

Source:www.globalpropertyguide.com