Barbados in a Nutshell - 2022 - EBook

95 Property and ideal sea conditions year-round. Sports and outdoors activities are a natural way of life. There are plenty of entertainment, nightlife and dining options. Although small and compact, Barbados offers a much wider range of things to do than many of the other Caribbean islands. On a more mundane note, Barbados has lifted all restrictions on repatriating funds brought in to buy property and also offers significant tax-free allowances on the construction and furnishing of vacation properties. Positive indicators for the property market in Barbados include a large increase in tourism arrivals and, more significantly, a big increase in bookings for villa rentals. The numerous online mediums for short-term rentals and software that can manage and fill down-times has led to consistent rental income for owners. Barbados offers a diverse range of properties for sale, including the ever- popular beachside apartments, individual houses, lifestyle themed resorts and country homes. Royal Westmoreland has applied to develop new areas, and the new owner of Apes Hill has developed a revised 18-hole golf course, a 12-hole practice range, and a spectacular club house due to open in late 2022. The Crane Resort is continuing to build a range of private residences onsite, as well as at the Beach Houses at Skeete’s Bay. On the magnificent Carlisle Bay, Hyatt Ziva Residences and the Pierhead Residences are both planned to start in 2022 and will reshape the capital city Bridgetown. For many reasons, this is an opportune time to buy a second home in Barbados. Port St. Charles offers the ultimate in resort living