The year-round sunshine, incredible beaches, friendly people and laid-back lifestyle supported by excellent infrastructure are just a few reasons to buy property in Barbados at any time.
However, 2022 is arguably a better time than ever to make the leap to purchase property on the island, as the quality of available properties has never been better.
Indeed, there are many reasons to consider snapping up a forever home in Barbados right now. Excellent reasons to buy property in Barbados in 2022 include:
- The ease in COVID-19 restrictions as we grow more accustomed to life as it is now;
- The country’s stability both socially and politically;
- The heartening fact that this government is more welcoming than ever to international visitors and foreign direct investment; and
- There is plenty of choice with new and established communities offering a variety of exciting villas, apartments, townhouses and different ownership options.
Ease in COVID-19 Restrictions
The year 2020 was marked by restrictions world-over, many of which continued into 2021.
However, in 2022 it is believed the end is on the horizon. COVID-19 measures have begun to ease, and we have all learnt to live with a new normal. World over, many governments have started to trust the populations to take their own precautions within reason.
This has primarily meant a gradual return to normalcy in Barbados, with curfews being reduced to shorter early morning timeframes in late 2021 and the resumption of indoor dining at restaurants in early 2022.
In addition, the island has removed the arrival test with its requirement to quarantine until the result is determined, instead simply maintaining its pre-arrival test requirement. You can find more about entry protocols here.
This ease in restrictions overall provides additional comfort for both locals and visitors alike, as it allows us all to experience the best the island has to offer with minimum limitations or concerns.
Barbados is known for its easy living and enviable lifestyle, but many may not recognize that it is supported – and indeed facilitated – by a very stable government.
The country is one of the safer Caribbean destinations, with visitors free to explore, take island tours and navigate each parish freely without fear.
Even better, the country has just concluded fair and free elections, which saw the incumbent government retain their victory for the second time in a landslide victory which saw them winning all 30 seats across the island.
This political stability is good for the economy as projects and programmes that have started within the last three years can continue, including the Welcome Stamp Programme, among others.
The steady hands that lead the island make purchasing property here even more reassuring as concerns like the political upheaval, warfare, or insurgence are not even thoughts that fret the minds of locals or wise persons who choose to live in such a paradise.
Astute buyers know that peace is invaluable and that individuals who buy property in Barbados can make a sound investment without fear.
Barbados encourages foreign direct investments
There’s never been a better time for the international buyer to purchase property in Barbados.
With more recent programmes such as the Welcome Stamp Programme, the country is encouraging foreign direct and indirect investment into the island in ever-creative ways. This programme, for example, allows non-nationals to live and work in Barbados for up to one year – a more extended period than ever before and without paying Barbados taxes.
Hearteningly, included in the 2022 manifesto of the victorious Barbados Labour Party was a promise to encourage international business by “the rolling out of the digital strategy of the Corporate Affairs Office”. This is aimed at significantly decreasing the wait time taken to register a new business on the island.
This means that any remaining barriers in the form of red tape to new businesses are steadily decreasing by embracing technology. This will lead to more outstanding international business, trade and foreign investment in the country.
Plenty of choices of property in Barbados
If you are looking for properties for sale in Barbados, there is plenty of choice at the moment. There are options to suit every style and budget, from condos to villas, on gated estates or into the broader community.
Are you looking for Barbados condos for sale? Then Royal Apartment 211 at Royal Westmoreland is an excellent opportunity to purchase a spacious 2,000 sq. ft. apartment with superb rental potential too. This three-bedroom, three-bathroom ground floor condo is for sale for GBP £495,000 and includes the Royal Westmoreland Club Initiation Fee.
If you prefer the south coast of Barbados, then why not look into the beach-front suites at O2 Beach Club & Spa? Owners can enjoy all the benefits of the resort’s exceptional all-inclusive facilities and regular returns through their impressive rental programme. Prices start from USD $426,488.
If you’re looking for homes for sale in Barbados, then Apes Hill could be for you. Currently undergoing major renovations across the estate, Apes Hill offers a range of property options. The clean and modern design of the Courtyard Villas is proving very popular. With easy access to the Club’s facilities, these three-bedroom, three-bathroom homes have private infinity pools, sea views and open-plan living. Prices start from USD $1,850,000.
Beach Houses by The Crane could be the best choice for those wanting complete privacy and spectacular sea views. Located on the less developed East Coast, these single-storey contemporary villas offer modern Caribbean design combined with the relaxed comfort of a traditional beach house. Choose from two, three and four-bedroom designs and various plots. Prices start from USD $1,390,000.
Finally, there is Palm Ridge 2, a four-bedroom villa located in a mature neighbourhood on the elite Royal Westmoreland Golf Resort. It has a total living area of over 4,500 square feet and exemplifies the outdoor life here in Barbados. The outdoor living areas are private and spacious, with a large private swimming pool and covered terraces, surrounded by tropical gardens. Price upon request.
Not sure you want to make the jump to full ownership just yet? Then check out our fractional or shared ownership listings where you purchase just the time that you need every year for your Barbados vacation.
With all this choice, add the fantastic tropical weather, sun-soaked beaches and lively culture, and it only sweetens the offer. And finally, add the fact that there is still no barrier against foreign ownership of property in Barbados, and it’s clear why it is a wise investment.
We’ll find your perfect property in Barbados
Strong political leadership, a gradual relaxation in COVID-19 protocols, good infrastructure, an ever-more welcoming environment to the international community and superb real estate make Barbados an excellent destination to purchase a property.
Ready to buy a property in Barbados? Complete our registration form, and we will reach out to you. Or contact us via email, phone or WhatsApp at (246) 230-4982, and we will be sure to assist you further.