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Real Estate sales, rentals and services in Barbados.
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Boarded Hall Green - Page 27
BARBADOS
www.barbadospropertynews.com • June - July 2015 • Issue 99
Endorsed by theBarbados Estate Agents andValuers Association Inc.
Residences of Capri - Page 7
Caribbean Island Properties - Page 31
Carter’s Grove - Page 54
PROPERTYNEWS
FREE& ONLINE
There have been many predictions about economic recovery in the lasteight years and perhaps too many of them have been over optimistic,but more and more we are hearing positive news across the region. Thisis particularly true in the property business and the best barometer isto compare this year with last year. We have been told there have beenmore visitors to Barbados and there have been more real estateenquiries and better sales figures at several locations. It will take a longtime to get back to pre-2007 levels, but theprocess of recovery and rebuilding has tostart somewhere so hopefully the propertymarket has bottomed out and is starting tomove upwards.
This is already happening overseas and sporadically across theCaribbean. It may be a different business world than what we hadbefore, but it doesn’t take away from the beauty of our island andthe quality and range of our real estate.We hope you find what you are looking for in this edition of
Barbados Property News and we recommend our new edition ofCaribbean Property Magazine and the rebuilt website thatcontinues to attract readers from all over the world.
Pamela HilesEditor
Editor’s CommentsPublisher – Hiltop Publications Ltd,11 Cottage Ridge, St George, Barbados,BB19071Tel (246) 228-9122, Fax (246) 228-0243Email: sportingb@caribsurf.comwww.sportingbarbados.comwww.barbadospropertynews.comwww.caribbeanpropertymag.comwww.caribbeanmortgageservices.com
Editor/Advertising – Pamela L Hiles
Design and Art Direction – 809
Distribution – Hiltop Publications Ltd,Brian’s Print Brokerage
Printing – Coles Printery
The Material and editorial contained in thispublication have been deemed accurate at thetime of going to print. The views expressed aseditorial are those of the Editor unless statedotherwise. No part of this publication may bereproduced without the consent of thepermission of Hiltop Publications Ltd.
On the Cover: Residences of Capri
Pamela Hiles, Editor
If you would like to advertise in Barbados PropertyNews call Pam at 228-9122 or 232-0692
©2015 Wolseley. All Rights Reserved.
#6 Canewood Industrial EstateSt. Michael246-627-0580
35
Argo Development Studio- Safeguarding the project journey!
Feature
Argo Development Studio is amultidisciplinary practiceoffering a full range of designand development servicesacross the constructionindustry. Argo DevelopmentStudio is headquartered inBarbados, has officesthroughout the Caribbean andhas recently opened offices in
Europe and Asia.The company was founded by it's Managing Director, David
Campion.David has lectured and tutored at the School of Architecture,
DIT, Ireland and has over 20 years of industry experience in thedesign, development and delivery of projects, across a number ofsectors in the US, across Europe and in the Caribbean.
The delivery of a number of award winning ‘design build’projects inspired David to create his own development studio thatfocuses on achieving greater efficiencies in the design,development and delivery of projects.
We provide efficient expertise, cost certainty and on timedelivery to our clients. Argo safeguards the project journey, fromconcept to completion through strong leadership serving as aclient guardian of built asset delivery.
Our teams engage the construction industry throughmanagement contracting or via main contractors, a strategyuniquely tailored to each project. Our professionals areexperienced in leadership roles and we endeavor to provide asingle point of control throughout the design, development anddelivery process. Clients and funders require cost certainty, costcontrol, and value for money. Our commercial control unit studiesmarket trends and establish and control cost to build rates in allproject jurisdictions.
The efficiencies realized through the service Argo providesallows for considerable savings to project budgets and offersClients exceptional value for money.
We also partner with Main Contractors and Clients onconstruction projects to provide Design Management Serviceswhich streamlines the build process and assists in securing asuccessful project delivery on time and to budget. We provideQuality Assurance and Quality Control services to realizeexcellence in delivery through meticulous attention to detail. Argoprotects the client’s interests while providing an increased levelof comfort to their customers by ensuring projects achievecompliance with the latest relevant regularity requirements.
Within Argo Development Studio we have a number ofspecialist teams, our Center of Technical Expertise is made up oftalented architectural technologists who have traveled andcontributed to some of the world’s most challenging and excitingprojects. This CTE team focuses on the design development stage,utilising the latest BIM technology and offers technical inputacross all Argo Development Studio projects.
At Argo Graphic Studio, we understand that brand identity iscritical to your company’s success and how you are perceived inthe professional realm. We take the time to understand yourbusiness and create a strategy to fulfil your objectives. ArgoGraphic Studio has created websites, animation, apps and highquality motion graphics for a number of world renowned brands.
Our entire team works with local industry, creating a strongbond between our projects and community. We work closely withGovernments to ensure we preserve the natural beauty of theenvironments we develop in. We engage with the communitythrough outreach programs and sponsorship to charities, schoolsand sports clubs. We connect our organization to the widerindustry worldwide through building strong connections bothinside and outside the organization.
44
Tel: (246) [email protected]
SEEK TOTALLY INDEPENDENT ADVICE
THE BEST MORTGAGE rates and service in Barbados.
The property business is anindustry with many arms andeveryone has a part to play inmaking it better, but has it reallyimproved in Barbados in the last 20years and are we on par with othercountries? Indeed, do we really careif we are on par?Any review of the players and their
roles in the property business will confirm we could all do a lotbetter. However, the challenge is to get everyone to buy into theprocess and help improve and raise the standard for thebetterment of everyone and the country. A healthy vibrant realestate industry can do a lot for the economy in providingemployment, improving lifestyle, increasing home ownership,generating statutory income and attracting overseas investment.These are fundamental issues in a progressive society and makea huge contribution to the development of a country. They areparticularly important for Barbados as we celebrate 50 years ofIndependence next year. It is a good time to review what has beenachieved in that time, but of more importance to set standardsand objectives so that we can achieve greater things goingforward. The interesting thing about the property business is thatmany of the ‘fixes’ don’t cost much, but require a greater sense ofpublic awareness, national pride, community spirit and personalintegrity. So what can individuals do to help the property business? They
can start by painting their houses, paying their land tax, removingall the rubbish, derelict cars and debris around their property, stopdumping personal rubbish in the countryside They could stopthrowing waste from cars and buses, tidy and beautify theirgardens, adopt a green culture, recycle and get on board withenergy saving initiatives.And what could our neighbours do? They could start by thinking
community and the betterment of the area where they live and askthemselves are they part of the problem or part of the solution?Do they keep their property in good condition, do they create toomuch noise, do their pets soil their neighbour’s property, do theypark in obstructive areas and do they keep a watch for strangers
in the area? Government can’t do everything, but they can improve the quality
of our roads, provide a better waste collection, and offer incentivesfor home purchase including selling land at discounted prices togood citizens. They could also provide mortgage tax relief for first-time buyers. They caould revamp Land Tax to reflect propervaluations and not be driven by fiscal deficiencies within theiradministration, they can make property owners paint their houses,they can prosecute the rubbish dumpers and derelict car owners,who make the island look like a waste dump in some areas. Theyshould also ban pubic roads being used by small builders and carmechanics in quiet residential areas and have more pubic healthinspectors in the field to deal with overgrown areas and vermin.And finally, they should vest all properties that are eitherabandoned or unfinished, sell them on the condition they mustbe completed within 12 months and use the funds raised forkeeping the sides of our roads tidy. And what can builders do? They can start by building properties
with more environmentally sensitive materials, energy savingdevices and provide higher quality finishes. Small time buildersneed to complete properties and where the funds are not in placeLand Tax Dept should have the power to intervene and sell theproperty to ensure it does not add to the growing list of unfinishedproperties.
And what can the professionals in the property business do?Lawyers can start by removing their contentious scale fees andwork in a competitive market, they should set much quickerturnaround times and the rogue lawyers should be suspendedfrom practising immediately after they have been found guilty ofmalpractice and now allowed to ‘play the system’ for years. Realestate agents need to be proactive and go the extra mile to providea service to both buyers and sellers. All properties should be soldwith a professional Buyer’s Report and the cost should be born bythe vendor. No property in Barbados should be sold eitherprivately or through an agent without a Buyer’s Report.
If we had all these topics in place the integrity of our propertybusiness would be greatly enhanced. It won’t happen overnight,but every step in the right direction will help.
We Could Do a Lot BetterClarence Hiles looks at the property business andmakes some suggestions to improve it…
Finance
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As the Barbados real estate marketheats up, one resort is offering coolprices on luxury beach condos.
Ocean Two has introduced aPrivate Residence Club with anaffordable vacation ownershipprogram. Club memberships areavailable in as small as one-weekintervals, with prices starting from$13,000 USD.
Purchasers also gain membership to Interval International, theluxury vacation exchange network. Other benefits include specialresort privileges that are only available to club members andcondo owners such as discounts on dining at Ocean Two andfree golf passes.
The 70-unit beachfront resort features luxurious one and twobedroom suites that are appointed with fully equipped kitchensand large terraces overlooking Dover Beach and the CaribbeanSea. Resort amenities include two swimming pools, arestaurant, lobby bar and gym. Ocean Two occupies a lovelystretch of Dover Beach on the tranquil south coast of Barbados.
Barbados Beach ResortIntroduces PrivateResidence Club
Real Estate News
The award-winning hotel also offers whole ownership of oneand two bedroom condos, with the opportunity to participate ina resort rental program. Whole ownership starts from $400,000USD.
Ocean Two was recently voted one of the Top 25 Hotels in theCaribbean in the 2015 TripAdvisor Travelers’ Choice Awards. Ithas also been awarded four diamonds by AAA and Hotel of theYear – A Class in 2014 from the Barbados Hotel and TourismAssociation.
For more information on Barbados real estate ownershipopportunities, visit www.ownatoceantwo.com.
Ocean Two is a four star, luxury hotel – condominium locatedon Dover Beach in Barbados. The resort offers one and twobedroom suites, two swimming pools, restaurants and bars,meeting rooms, a gym and a water sports centre.For media inquiries please contact Dominic Defreitas, Directorof Sales, at [email protected] or 1.246.428 9441Twitter: https://twitter.com/OceanTwoCondosFacebook: www.facebook.com/barbadosbeachcondosforsaleWeb Site: www.ownatoceantwo.com
BREATHE IT ALL IN …
Dover, Christ Church, Barbados, West Indies Tel: 1 (246) 428-9441
[email protected]://www.oceantwobarbados.com
Imagine, owning an exclusive oceanfront home in Barbados
with all the amenities of a luxury boutique four star resort.
Welcome to Ocean Two Resort & Residences. This unique
Four Diamond Luxury Condominium Resort is quietly nestled
into a secluded corner on Dover Beach, but is just a stroll
away from the restaurants, bars and nightly entertainment in
the St. Lawrence Gap. With the resort combining exceptional
personal and friendly service with chic and stylish suites, the
fabulous resort services, as well as a great location, Ocean
Two Resort & Residences really introduces a new way of
experiencing luxury in Barbados.
LUXURY ONE BEDROOM SUITESStarting at US$400 000
LUXURY TWO BEDROOM SUITESStarting at US$600 000
PRIVATE RESIDENCE CLUBStarting at US$13,000 for one week
BOOK YOUR
PERSONAL TOUR
TODAY
ch, t Chur, ChriservDo
ww//whttp:/// omcobarbados.eantwoc.wels.bbeanhotsales@oc
146) 428-944el: 1 (2 T Tel: 1 (2t IndiesesBarbados, W
ch, t Chur, ChriservDo
50
BEAVA NewsReal Estate News
THE RIGHT (BEAVA) WAY TO LIST A PROPERTY
The third module of BEAVA’s continuing educational sessions has come and gone andmembers are still talking about it and are certainly benefitting from the knowledge gained.Titled, Real Estate – The Listing Process, this invigorating workshop was sponsored onceagain by CIBC First Caribbean and presented by veteran realtor Sue Armfield. She waspreceded at the podium by CIBC’s Manager, Sales & Business Development Manager,Gregory Blackman and Platinum Associate Gerri-Ann Ince who delivered briefly on twoof the bank’s current promotions – Switch Campaign and 100% Vehicle Campaign, bothof which were well received by BEAVA members. Sue, a realtor known by everyone in the industry, systematically took listeners throughthe various steps required by realtors to effectively and efficiently list a property inBarbados, a presentation that was punctuated throughout the afternoon by interestingquestions from her captive audience.
BE A PART OF BEAVA’S REAL ESTATE AND HOME EXPO
Saturday October 03 this year will see the Warrens area come alive when BEAVA hostsits second Real Estate and Home Expo at platinum sponsor CIBC First Caribbean’sAutodome branch. The Expo is great for everyone in the industry to showcase their products and services.BEAVA has added another element to the event – that of the home. As such, companiesand individuals are invited to secure their places for the Expo which promises to be homefor the day to experts in property management, real estate, land surveying, architecture,interior design, furniture retail, insurance, lighting, security, roofing, tiling, poolconstruction, kitchen and bathroom design and landscaping.Interested vendors are invited to email or call the BEAVA office for more details onbooth/table rentals.
We can be reached at [email protected] or call Jeanine on 624.1811/836.0650
Above: Sue Armfield
Real Estate andHome Expo -3rd October - CIBC FCIB Autodome
FINAL PHASE ONLY FIVE UNITS LEFTPRICES STARTING AT BDS$425,000
VISIT
OUR NEW
WEBSITE FOR
MORE DETAILS AND
A COPY OF OUR
ELECTRONIC BROCHURE
www.carters-grove.com
• Land/Construction detached single storey homes• 1,200 sq ft three-bedroom design• Small community of 15 units in quiet cul-de-sac• Plot sizes approx 4,000-4,500 sq ft.• First Phase of 10 units completed and occupied• Located just off Enterprise Road a few minutes drive from Oistins• Up to 100% mortgage facilities available
FOR MORE [email protected]
Tel- 230 9215Or visit website- www.carters-grove.com
“WE’VE BEEN THERE”WE KNOW THIS HOUSE, LIKE WE KNOW EVERY HOUSE WE INSURE…
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