October 2019

Guide to selling in Barbados

When selling your property in Barbados, it is always best to have all the information on the property on hand. All documentation pertaining to the property including, but not limited to, plot plan, covered sq ft plan, land tax, utility bills, build restrictions, water courses,valuations, planning permissions, Offshore, Title Deeds etc.  Listing: Strategic marketing is the shift to promoting your...

Deciding to take the plunge and buy a property is major change, but when you do… here is the real estate survival guide for buyers.

Buyer’s checklist: 1. What can I afford? Calculate your monthly income and debt.Speak to your mortgage broker today for the best rates and don’t be shy to shop aroundFigure out your down payment. 2. Determine what you want and need in a home. Choose a location (central, south, west, rural, suburban)Select a type (single family, townhouse, condo)Pick a comfortable and affordable price...

Mortgages – Yay or Nay?

Taking out a mortgage is a major life decision and should only be taken after serious consideration. Here are some pros and cons to help you before you take the plunge. Let’s hear it for the advantages: Longer-term mortgages – 30-year mortgages mean although it's a longer commitment, it can be a more affordable option than before. Cost-effective borrowing – The interest rates on a...

Marriott buys big into Barbados with plans for all-inclusive resorts. And it bought a New York hotel, too.

Bethesda-based Marriott International Inc. (NASDAQ: MAR) announced Friday it has an agreement to buy Elegant Hotels Group, which owns and operates seven hotels and a beachfront restaurant on the island of Barbados. Per a release, Marriott’s all-cash offer values Elegant at roughly $199 million, including its $68.9 million in total net debt.   Elegant’s seven hotels total 588 rooms,...

5 Reasons why Real Estate is the better investment

From a stable rate of return, appealing tax advantages and a step in building your wealth, Real Estate offers an appealing advantage. Here are 5 reasons why you should choose real estate: Not Volatile: Property has historically proven to be the sound choice. Your risk of loss is minimized by the length of time you hold on to your real estate. Real estate gives you more control of your investment...

How to Avoid Common Commercial Leasing Mistakes in Barbados

Starting your business and finding the right space can be messy sometimes. The key to finding the right space is a combination of knowing your business & what your customers want when they are doing business with you. Reaching out to a commercial broker/agent often gives you a hassle free experience. I'm assuming you already have Cash or Capital funding or loan(s) in place as discussed in my last...

Where to look for Business Financing in Barbados

Business Financing in Barbados Looking for business funding to start or expand your business in Barbados? We have put together a list of funding sources which may be able to help you get started in securing a business loan. If you are working and starting a business on the side, your personal income may be able to help you secure your initial startup loan. Fund Access From our...

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