Why Invest in Barbados

REASON 1                      

Established and Growing Tourist Industry - Barbados has seen a huge increase in visitors to the island from 17,829 in 1956 to 507,086 in 2001.   Visitor expenditure in 2001 was estimated at Bds.$1.4 billion, which represents 14% of Gross Domestic Product.

Travel and tourism is expected to grow by 4.6% per annum, in real terms, between 2002 and 2012.  The travel and tourism economic contribution should rise from 37.4% to 43.8% during the same period.  All this means that for an investor in the tourist sector is that you will be putting your money into a destination that is well established and still growing - this offers security in the knowledge that Barbados is viewed by many people as the "safest bet" in the Caribbean in terms of Capital growth.

To our knowledge, Barbados has never suffered from a property recession and property prices have increased steadily for the past 50 years, an impressive record, continued demand and limited supply will also ensure it continues for many years to come.  

REASON 2

Urban Renewal and Development - One Key aspect of successful property investment is to buy in the early stage of a regeneration initiative.   This usually leads to increased prices, demand and re-sales.

Despite Barbados being one of the premier locations in the Caribbean, it is only just receiving significant regeneration investment and as an investor you stand to benefit.

Barbados Tourism Investment Inc (BTI) has been designated by the government as the agency to manage the infrastructure renewal programme in the tourism centres of Bridgetown, Speightstown, Oistins and St Lawrence Gap.   This renewal programme is an integral part of the country's drive to encourage increased investment in the tourist sector.

REASON 3

The Climate - The climate is tropical with temperatures ranging from 21 to 31 degrees celsius and a rainy season from June to October.  Throughout the year the weather is warm and sunny with an average daytime high of 23 - 29 F.  The nights are slightly cooler.

The weather is one of the major lures of Barbados and rightly so.   The consistent weather and extended tourist season mean that Barbados remains an attractive holiday destination when other islands are cooler or wetter.  Long seasons mean more income, which means great yield and profit for the investor.   Tropical  rainstorms sometime occur from June to October, however the rainfall is usually brief and dries off quickly.  There has not been a hurricane in Barbados since 1952.

REASON 4

Travel - The Merricks is only a 15 minute car journey from the Grantley Adams International Airport.   Over the next few years the airport is undergoing massive expansion.  It will be the main gateway to the south and south-eastern Caribbean, especially for flights from Europe and North America.

Virgin Airlines intend to increase the number of flights because there was insufficient high quality accommodation available to fill demand

Barbados Living