Monday, 3 June 2013

Barbados property – promised vs delivered

As construction continues at an admirable rate on our Barbados Property Investments, we believed now would be a good time to update investors with exactly how the developer did, with a picture of what was promised on one of our investments and what is being delivered as we near completion.

Ixora Resort is a development of ten one bed apartments and one, duplex two bed apartment. The development was priced very well by the developer and therefore sold out long before completion.
One of the real benefits for investors in Ixora Resort was the fact that, due to the low initial purchasing prices they make fantastic investments as well as an ideal holiday home. The rental rates on the west coast of Barbados are typically very high, so it does not take many weeks occupancy to make these apartments a very high returning investment. All of the apartments were sold as freehold condominiums with no usage restrictions, which is a rarity in Barbados, where many developments will limit personal usage to 5 weeks per year.

The developer of our resorts in Barbados does not just offer great prices, but they offer security when investing in their off-plan developments. They also offer an online area to each purchaser with details of any correspondence had with the developer, a running construction progress page and the ability to change the internal specifications of apartments from colour choices down to the relocation of non load bearing walls.
We have always felt that it is important, when investing off-plan, to invest with a developer that has long term plans for the area you are investing in. The developer of our Barbados investments has another 3 sites in Barbados, you can be sure they will try to satisfy every client’s best interest so that they are able to continue selling out developments going forward.

With this, we thought we would exclusively tell our clients that they have purchased another site and we will soon begin the marketing process on another great Barbados investment. The site is a beautiful south coast hotel which will be refurbished and turned into self-contained apartments, from studios to 2 beds. Prices will be kept low like their previous two developments in Barbados and the fact that this development is beachfront will only help it achieve sold out status even quicker than the last developments.

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