Nestled just steps away from the tranquil sands of Gibbes Beach, Callidora Barbados offers an unparalleled blend of luxury, relaxation, and investment opportunity.
Whether you’re looking to own a second home, secure a high-end rental property, or apply for permanent residency in the Caribbean, buying a villa at Callidora is a seamless process for both nationals and international buyers.
In this guide, we address some of the most common questions about purchasing a property at this exclusive West Coast development, from mortgage options to the benefits of Barbados’ Golden Visa program.
1. Are there any purchasing restrictions when buying a property in Barbados as a non-national?
No, there are no restrictions for non-nationals buying property in Barbados. However, non-residents must apply for permission from the Central Bank of Barbados. Don’t worry—your lawyer will manage this process, ensuring a smooth transaction.
Looking for expert legal assistance in Barbados? NVEST’s Lawyers List for real estate, conveyancing and corporate law.
A glimpse of the elegant, boutique villas at Callidora Barbados, located just steps from the pristine sands of Gibbes Beach.
2. What is the Barbados Golden Visa?
The Barbados Golden Visa, also known as the Special Entry and Residence Permit (SERP) program, allows foreign nationals to obtain permanent residency. The minimum investment for a 5-year residency is USD $300,000, while permanent residency requires an investment of at least USD $2,000,000.
At Callidora, with investments starting from USD $2,950,000, you can apply for immediate permanent residency. Investors contributing USD $300,000 will receive a renewable 5-year residence permit. After five years of residency, participants in either program may apply for citizenship.
3. Can I get a mortgage in Barbados?
Yes, mortgages are available for foreign buyers. Interest rates start as low as 3.5%, and non-nationals can typically secure up to 75% financing with a 30% down payment. Nationals may qualify for up to 80% financing with a 20% down payment.
Relax in your private swim-up pool, designed for seamless indoor-outdoor living, surrounded by lush native flora.
4. Can foreigners buy property in Barbados?
Absolutely! The Barbados government actively encourages foreign investment in real estate. Callidora offers a prime opportunity for those looking to purchase in a high-end, coastal development.
5. Can I use foreign exchange to buy property in Barbados?
Yes, foreign exchange can be used to purchase property. Non-residents should register their foreign currency with the Central Bank of Barbados when the funds are brought into the island. This allows for easy remittance of proceeds in the event of a future sale. Your lawyer will guide you through this process.
6. Can I rent out my townhouse/condominium?
Yes, you can rent out your property after purchase. This offers a great opportunity to generate rental income when you’re not personally using the villa.
Each villa features expansive ensuite bedrooms with modern design, bringing comfort and luxury to coastal living.
7. Are pets allowed in these developments?
Yes, you are allowed to have up to two small pets at Callidora Barbados.
8. Are there any annual property taxes in Barbados?
Yes, annual property taxes apply and are based on the property’s value. Your local lawyer will be able to provide detailed information based on the specific villa you purchase.
Enjoy breathtaking sunsets from the luxurious sky terrace, perfect for entertaining or quiet relaxation.
As you explore the possibilities of owning a villa at Callidora Barbados, remember that you’re not just purchasing property; you’re investing in a lifestyle enriched by natural beauty, cultural experiences, and exceptional living. With no purchasing restrictions for foreign buyers and a supportive legal framework, the dream of owning a luxurious home in Barbados is more attainable than ever.
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