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Barbados Property Magazine
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BARBADOS
www.barbadospropertynews.com • April - May 2013 • Issue 86
Endorsed by the Barbados Estate Agents and Valuers Association Inc. Sugar Water at Apes Hill - Page 26
Alleyne Real Estate - Page 7
The Crane - Page 21
Realtors - Page 33
PROPERTYNEWS
FREE&
ONLINE
8
We have a new government, albeit the same party has been elected foranother term. New governments create a buzz almost like a New Year, and wehave high expectations of better times ahead. We wish the Dems well and hopethat their policies address some key real estate issues and help our industry inthe next five years. A bustling property market leads to more construction,higher employment and overseas investment. These are key areas goingforward.Barbados Property News is read all over the world through our online copyand many visitors carry the hard copy back withthem. We know this from the feedback wereceive from readers and advertisers. Eachedition highlights property, property services
and property products and the reader can use it for their own particularneeds to sources what they want. If I could highlight one particularfeature it would be the wide range of properties to suit every pocket andthe quality of the product.We have beautiful properties that embrace all matters of taste and atprices that are reasonable and fair. We also have a destination thatattracts thousands of tourists every year and we are told more and moreof them are looking to rent properties rather than stay at hotels. Thisaugurs well for property investors.I hope you find something to your taste in this edition.
Pamela HilesEditor
Editor’s Comments
If you would like to advertise in Barbados Property Newscall Pam at 228-9122 or 232-0692
Publisher – 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 BrokeragePrinting – 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: Sugar Water at Apes Hill
3 Bedroom Luxury Beachfront Homes. From US$1.995m
Barbados: US and Canada: United Kingdom:
www.stpetersbaybarbados.com
A PLACE WHERE MEMORIES ARE MADE
For now. For everyone. Forever
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LUXURYwith SOUL
anada: US and Carbados: B
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MEMBER OF THE F
.stpetersbaybarbados.cwww
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nited Kingdom:
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DB HOME Limegrove Lifestyle Centre, t. 434.6745, email: [email protected]
LUXURY ACCESSORIES NOW IN BARBADOSCCESSORIES NOW IN BARBADOSY AUXURL
DB HOME Limegrove Lifestyle Centre, t. 434.6745, email: [email protected]
CCESSORIES NOW IN BARBADOS
DB HOME Limegrove Lifestyle Centre, t. 434.6745, email: [email protected]
CCESSORIES NOW IN BARBADOS
DB HOME Limegrove Lifestyle Centre, t. 434.6745, email: [email protected] HOME Limegrove Lifestyle Centre, t. 434.6745, email: [email protected]
Dairy Meadows, St. JamesSpacious executive residence in sought after
neighbourhood - BDS$1,525,000.Also for rent BDS$6,500
Visit our website www.cipcaribbean.com • Tel: (246) 424-6633 • Email: [email protected]
Maple CottageQuaint 3 bed, 2 bath home with cottage near the
beach on the south coast - BDS$800,000
Cane Garden Crescent, St. ThomasElegantly converted 5-bed /6-bath Managers homewith apartment and pool - BDS$2,300,000
Cave Hill, St. MichaelTraditional coral stone residence with magnificentview of Bridgetown and sea - BDS$2,995,000
Sugar Hill Estate, St. JamesFurnished 2-bed/2bath apartment in Sugar Hillcommunity - tennis, gym - BDS$990,000
Welches Grove, St. ThomasRecently built 2-bed/3-bath townhouse 3 minutes
from the amenities of Warrens - BDS$675,000
FO
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AL
E
Atlantic Shores, Stargaze, Ch Ch2 bedroom apartments; newly built Mediterranean
style condominium complex - BDS$3,300
South Ridge, Christ ChurchBright split level 3 bed/2.5 bath semi-detachedhouse with superb sea view - BDS$3,200
Millennium, St. Thomas3-bed/2.5 bath lake-view duplex with extended
deck in gated community - BDS$6,500
Palm Beach, Christ Church3 bedroom/3.5 bathroom spacious ground floor
luxury beachfront condominium - BDS$10,000
Dukes, St. ThomasNewly built 3 bed/3.5 bath townhouse with quality
finishes in country setting - BDS$3,800
Fairway Gardens, Rendezvous, Ch ChUnfurnished 3-bed/2-bath upstairs apartment
on the south coast - BDS$1,650
FO
R R
EN
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By Laura Williams
The most environmentally friendly luxury home in Barbadosis now complete. "Sugar Water" is a four bedroom, four and ahalf bathroom home located directly on the 3rd Golf Hole andalso has views through 15th Hole. This property has featuresincluding a roof made of recycled rubber, recycled porcelainfloor tiles looking just like wooden floors, solar electricity, awine cave, LED lighting, and kitchen garden featuring over twothousand variations of plants.The home is accessed thorough the open plan living room
and kitchen and has two remote "walls” that once open allowfor a complete indoor/outdoor living. The kitchen features animpressive island madeout of a fallen mahogany tree, whichblends perfectly with the clean white Italian designer kitchen.The kitchen has Miele Appliances, a wine cooler, a professionalcooktop and views of most of the home. There is a largeinfinity edge saline swimming pool with steps both from thedeck and a set leading from the master bedroom. Thearchitect has taken full advantage of the cool trade winds andviews by positioning each bedroom to be facing the swimmingpool, and each with their own private patio and bathroom.The developers have chosen to allow the new purchasers of
this home the option of fitting out the large basement, whichwould be perfect for a guest cottage, gym or media room.
Here are some additional features:
• Net zero, the house produces as much energy as inconsumes and when the owners are off island they will receivea credit from light and power
• Site orientation to allow free flow of air through all roomsPassive airflow through roof void to keep it cool and in turnreduces the interior temperature of the house
• Zero voc paints used throughout the house to improve theair quality.
• Saline pool system that uses salt, broken down from sodiumchloride to sodium and a natural chlorine which is healthier forskin and eyes and also no harm if there is a leak into theground water table.
• Swimming pool runs on a solar pool pump
• Floor tiles made from 40% recycled material
• Roof made from 95% recycled material and has a 50 yearwarranty
• Roof made from recycled content steel frame. Stronger housewhich is rated to withstand a minimum of a cat 3 hurricane.
The Most EnvironmentallyFriendly Luxury Home in Barbados:Sugar Water at Apes Hill
26
Because wood has been taken out of the building to a largeextent there is no termite treatment which means once againimproved air quality for the home owners who are notbreathing in those chemicals
• Locally made joinery and furniture all made from sustainablyfarmed lumber.
• Carbon offset program. Trees were planted in Barbados tooffset the co2 emissions of bringing in all goods for thebuilding of the house.
• Edible landscape with over 2000 edible plants. All organicand no chemical pesticides or fertilisers.
• Chemical free cleaning . All cleaning is done using non-chemical organic products that are healthier for you and yourfamily.
• All LED lights in the house, the new technology allows forambiance and energy efficiency.
• High efficiency appliances to ensure energy efficiency• Locally salvaged butcher block counter made from a fallenmahogany tree and and drift wood mirror.
• Up cycled brick pavers
• 150 banana fig and plantain trees in the gully
• DC motor fans, allow maximum airflow while being the mostefficient fans on the market
• Aerating shower heads and faucets, these allow air to bemixed with the water and use about 1/3 of the water astraditional shower heads while keeping the same level ofperformance
• Solar water heating
This home redefines environmentally friendly living inBarbados and is available on the market now for $3,950,000USD.
28
Beachstone Placemats $32.95 Rustic Pillar Candles $19.95 - $32.95 Mona Slipcover Sofa $4995
Rattan Storage Baskets Set/3 $179.95 Sozni Cushion $69.95 - $99.95 Rusticana Square Bowl $79.95
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Available Summer 2013
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Save thousands in interest over time.
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Bring us your mortgage and we’ll show you how to save†.
Visit your nearest branch today
†Conditions apply. Subject to credit approval. Ask for details in the branch. *Trademark of The Bank of Nova Scotia, used under licence (where applicable).
Discover what’s possible
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HALCYON HEIGHTS LOT 30G, ST. JAMES
SALES PRICE: US$500,000.00
SEAVIEW ROAD 48, CHANCERY LANE, CHRIST CHURCH
SALES PRICE: US$1,050,000.00
THE SET, SEAVIEW ROAD, ST. JAMES
SALES PRICE: US$600,000.00
ROWANS PARK 128G, ST. GEORGE
SALES PRICE: US$499,000.00
JAMES TOWN PARK 14, HOLETOWN, ST. JAMES
SALES PRICE: US$695,000.00 REDUCED
CORAL CLIFF LOT 19, ST. PETER
SALES PRICE: US$600,000.00
FOREST HILLS 28, ROYAL WESTMORELAND, ST. JAMES
SALES PRICE: US$895,000.00
ALLEYNEVILLE, HASTINGS, CHRIST CHURCH
RENTAL PRICE: US$2,000.00 per month
JOHN PLAIN 15, HOLDERS, ST. JAMES
SALES PRICE: US$1,125,000.00 REDUCED
BELLE VIEW, HALCYON HEIGHTS, ST. JAMES
SALES PRICE: US$2,500,000.00
FOREST HILLS 14, ROYAL WESTMORELAND, ST. JAMES
SALES PRICE: US$1,800,000.00
PALM BEACH, HASTINGS, CHRIST CHURCH
SALES PRICE: US$950,000.00 to US$1,100,000.00
PROPERTY SALES HOLETOWN, ST. JAMES, BARBADOS, BB24016, W.I.
TEL: (246) 432-6930 · FAX (246) 432-6919
EMAIL: [email protected]
WWW.REALTORSLIMITED.COM
We sell real estate, but our business is people!
38
After five years of adversity thelocal real estate market has everyreason to feel better times lieahead. After all, we’ve taken licksfor matters we didn’t create andour beautiful little island remainsa tropical paradise that manypeople dream of visiting. And thereason is simple-we havesomething special.
Barbados has not been alone in its struggles with globalmeltdown. Much larger economies in Europe and NorthAmerica have yet to recover and there are mixed opinions as towhen that recovery will be effected. Scandals and financialimpropriety have rocked consumer confidence and made mostinvestors a lot more wary of where they put their hard-earnedcash these days. Governments have had to bail out banks andthe financial playing field has been changed forever. Theeconomies in countries like Spain, Italy, Ireland, Iceland andGreece have been decimated and they continue to face fiscalchallenges that continue to threaten the very future of theEuropean Union. The mighty United States fights on anddespite having the biggest financial scandals of the last fiveyears, it will recover because America is America and itseconomy is on a scale unprecedented worldwide. And what has this got to do with Barbados real estate youmay ask?A lot, is the simple answer!Over the past five years the local real estate market (sales toBarbadians) has gone along much the same as pre-2008because people needed a home to live and some of the moresuccessful locals moved up the prosperity ladder into a biggerand better homes with the higher income they earned.Admittedly investor confidence has been jolted, but notrocked, because local people need a home and they alreadyknow Barbados is a very special place to live. The biggest blowto local real estate has been the huge drop in second
homebuyers who have seen much of their income eroded infinancial scandals overseas. They have not disappearedcompletely, but their numbers have been decimated and thenew breed of second homebuyers is much more cautious anddiscerning. Barbados offers a lot to second homebuyers, not least ourbeautiful sand, sea and sunshine. We repeatedly hear tourismgurus say the modern tourist is looking for more these days,and without challenging their perception, the lure of sand, seaand sunshine is still our greatest asset. We could add a friendlypeople, good education system, excellent infrastructure, healthfacilities, economic opportunities, and social amenities. Wecould also add the fact that there are no serious restrictions onnon-residents buying property here, mortgage facilities areavailable and when selling, our Property Transfer Tax is one ofthe lowest in the region at 2.5%. And therein lies one of thebiggest attractions of Barbados in the current Caribbean realestate market. When compared to other destinations Barbadoshas weathered the crisis better than most. Our property valueshave certainly dropped, but not in every sector, and in someinstances they have increased. And the reason is that we havesomething special. People buy in Barbados because they loveour island and all the extras give them comfort that is not soeasy to identify and qualify today in other Caribbean islands,Florida, Spain, Portugal, France, Dubai, and Eastern Europe,the preferred haunts of many second homebuyers in the pastdecade. Nothing is perfect in life and there are a number of areas thatneed to be improved in the journey towards perfection, but wehave a new government and if they are serious about theirbusiness then they need to place tourism, construction andoverseas property investment at the top of their priorities asthat’s where Barbados will achieve prosperity in the next fiveyears.
Clarence Hiles is a mortagage broker, developer and businessjournalist. He can be contacted by tel: (246) 230 9215 or byemail: [email protected]
Something SpecialOur island remains the gem of the Caribbean sea
Finance
‘Owning a piece of the rock’. It’s a bit of a cliché in Barbadiandialect, but in terms of personal wish lists, these six words areperhaps the ones that most persons hold nearest and dearest andcontinue to strive to attain. Indeed, this ‘piece of the rock’ statementis not built around emotional symbolism but is a physicalrepresentation of financial stability and upward social mobility –something we all strive for.Whether your dream home is a chattel house, a family home in the
country, a secluded villa or a townhouse in the island’s ‘heights andterraces’, once achieved, home ownership helps to maintainBarbados’ economic and social stability. It can be vital inthe financial cycle, serving as collateral that owners can pass down tofuture generations, or can use for other sources of revenue such asproperty rentals or sale. Regardless of purpose, owning a piece of therock has a crucial role to play in the economic development of ourcountry.From a societal perspective ‘home’ is where culture is
embedded, important family traditions are created and wheregenerational dreams are born and realised. It is a safe haven and a
We understand your needs!place where there is comfort in knowing you belong – your oasis in anextremely busy world.Given all of this, it is therefore no surprise that for some, the
concept of home ownership may be daunting. Whether you are a first-time homeowner or already own a home but are considering movingto a larger space or getting a second home, you need to work with ateam that understands your specific needs. That’s where we come in.We understand the needs of first-time and experienced homepurchasers and we are willing to provide you with the expert adviceand support you need.At First Citizens, we are happy to play a role in helping individuals
and families realise their dream of home ownership. If you’d like towork with a Bank that is passionate about helping you to achieve yourdreams, give First Citizens a call. The path to your dream home couldstart with a phone call, an email or a visit to First Citizens. Take thatstep today and allow us to show you how we put you and your dreamsfirst.If you have any questions about our lending services, please feel freeto contact Joy Carter at 431-4518 or [email protected].
Finance
Natz Home Furnishings, a well established home furnishingsand design studio has moved – literally next door!Easily doubling its floor space, the carefully planned and
organized layout allows for a more relaxed browsing experiencein an airy and luxurious new setting. Whatever you’re interiordecorating needs, the new Natz’ store has anticipated them.An accomplished interior designer herself, Natalie Manning
grabbed the opportunity to expand the store and move herbusiness to the next level “The space became available and Iknew that this is just what we needed at this point in ourgrowth,” said Natz. “It gives us an opportunity to display ourbeautiful products to their full extent and also allows us toexpand our product range.”Natz’ is now located and open for business in the Williams
Industrial Complex, Warrens. We highly recommend that youvisit this new store, especially if you are looking for a fresh newlook for your home.
Natz’ Home FurnishingsNew Store opens in Warrens
Real Estate News
Barbados Office I Orena I St. Lawrence Main Road I Christ Church I Barbados I T 1 246 428 8091 I E [email protected] I www.bcqs.com
Property & Development Consultants - Chartered Quantity Surveyors - Project & Construction Management - Real Estate Valuers & Appraisers
B A H A M A S B A R B A D O S B R A Z I L B V I C A Y M A N I S L A N D S G U Y A N A J A M A I C A S T L U C I A T R I N I D A D & T O B A G O T U R K S & C A I C O S
Members of the board of BEAVA Inc. (Barbados Estate andValuers Association) recently approved a new and enhanced logowhich truly encompasses how the board intends to moveforward.The logo demonstrates a more finite union between theMLS (Multiple Listing Service) and BEAVA, as the two entitiesbecome one. It is BEAVA’s belief that as it pushes forward withsome marketing initiatives that property owners and the buyingpublic would recognise that listing with a BEAVA/MLS Barbadosagent, is the most practical option for getting your property soldor rented. In fact, doing so guarantees your property is beinglisted with some of the most reputable and efficient agents thecountry has to offer.
One of the first public displays of this logo is on this and theopposite page where you will find 45 property listings in what isour first print advertising of MLS listings.BEAVA thanks all of its members who participated and said
“yes!”, a sure demonstration of their confidence in us andBarbados Property News (BPN). We are excited to have thisclassifieds page and its reality is in no small measure due toPamela Hiles, Publisher of the magazine. She has offered theassociation tremendous support and we hope the BEAVA/MLSBarbados page becomes a main stay in the BPN.For more details and a wider selection of BEAVA’s properties,
please log onto www.beavainc.com or www.mlsbarbados.org.
BEAVA Inc.
RECEIVE HEALTH CARE ANYWHERE WITH SAGICOR GLOBAL CARE
Two Units left atBDS$405,000 each
• Three bedroom homes on lots of over 5,000 sq ft
• Small community of ten units in quiet cul-de-sac
• Located just off Enterprise Road a few minutes
drive from Oistins fishing village
• Up to 100% mortgages available
• Five units sold and two completed
• Three units reserved and only two available for purchase
For more information call 230 9215
Carter’s Grove
NOW
SELLING
A unique and vibrant relocationmanagement company has justopened its doors in Barbados!
Barbados Relocation Services provides a singlecentralized point of control while coordinating all logisticsrelating to both individual and business relocations. Thecompany's services include:
• Airport Meet & Greet• Sourcing of both rental accommodation and property topurchase.• Immigration requirements and work permit applications.• Sourcing education options for children of all ages.• Local club memberships• And lots more!The local processes and administration can be baffling
to anyone outside the system, and so we found there to bea real demand for this kind of service. We provide aprofessional and warm experience to all those relocatingto our beautiful island. For the business owner, youremployees are your most valuable asset, and theirsuccessful relocation to Barbados is essential to thesuccess of your company. We take care of every detail andevery aspect of your journey to living comfortably inBarbados".On their website, you will find lots of helpful information,as well as an online form which allows you to select all ofthe services you require. Within 24 hours you will receivea FREE quote and then your hassle free journey can begin.
Barbados Relocation Services..Making it easy!
Relocation Services Real Estate News
Hurricane, Security& Sun Protection
