The residential market is ‘beginning to feel a bit better’ these days, though prices are still below their peak.
Though prices in Barbados have not returned to 2008 levels, they are “getting there,” Ms. Stollmeyer said. “We definitely had a great year last year and continue to have a great year this year,” she said.
Cherita O’Dell, a broker with Million Dollar Homes and Barbados Real Estate 246, said that during the downturn, “you had to make decisions to reduce property prices by 20 percent and even then, it was not like before.” Prices on many “overinflated properties” eventually came down “to what they should have been,” she said.
The property market offers a surprising range of prices, making Barbados a popular destination for British expats
A quiet, sleepy enclave with softly-spoken staff waiting on your every whim. It has to be Saint Peter’s Bay, one of the best-kept secrets in Barbados.
Saint Peter’s Bay on the island's fashionable Platinum coast is a big complex with a small, intimate feel.
There are 57 homes, all apartments with en-suite bathrooms, walk in closets and huge sitting rooms opening out onto vast terraces overlooking the sea.
Opt in here