EE NE FR NLI O &
The Estates at St. George - Page 4
Altman Real Estate - Page 11
Ron Karp Realty - Page 44 & Inside Back Cover
Endorsed by the Barbados Estate Agents and Valuers Association Inc.
BARBADOS PROPERTY
NEWS www.barbadospropertynews.com • December - January 2022 • Issue 136
ICandi Rocks - Page 22
Dream Design Build
VISIT OUR SHOWROOM
Platinum Imports Inc The Designer's Hub Haggatt Hall St. Michael www.platinumimportsinc.com
FOR SALE
Villas On The Beach 102 – Holetown, St. James Newly renovated 3 bed beachfront apar tment. BDS $2.8 Million
FOR SALE
Hullabaloo – Dair y Meadows, St. James 4 bed, 3.5 bath family home. BDS $1.35 Million
FOR SALE
Sandy Lane Estate 154 – St. James Newly renovated 5 bed villa on Sandy Lane Estate. BDS $5.7 Million
FEATURED
FOR SALE
FOR SALE
FOR SALE
5 bed family home with beautiful views. BDS $1.99 Million
Atlantic Shores Lot 28 – Christ Church 11,300 sq.ft. corner lot in a great location. BDS $420,000
LONG TERM RENTAL
LONG TERM RENTAL
LONG TERM RENTAL
Shalom - Paynes Bay, St. James 4 bed semi-furnished home in a great location. BDS $7,500/month
let local knowledge work for you
Tur tletop - Maxwell, Christ Church Beautiful 3 bed beachfront apar tment. BDS $12,000/month
Cassia Heights 19 – Royal Westmoreland, St. James Stunning 2 bed townhouse in Royal Westmoreland. BDS $1.19 Million
Green Valley – Gibbs Hill, St. Peter 3 bed, 3.5 executive hilltop villa. BDS $10,000/month
246 432 1159 sales@jalbarbados.com
www.alleynerealestate.com
ATELIER HOUSE | ST JAMES FROM US$ 1,500/NT
VILLA NOMADE | ST JAMES FROM US$ 900/NT
ROYAL VILLA 1 | ST JAMES FROM US$ 520/NT
+1.246.432.5050
Editor’s Comments Barbados, now a Republic, is coming alive again! Visitors are returning in droves and just loving this special island. Let’s hope, as esteemed Realtor Sir Paul Altman thinks, we have reached ‘the tipping point’. “What we see now is a younger profile of person choosing to live, work and play in Barbados. This translates into people going beyond the holiday approach and taking a direct interest in investing in all areas of opportunity on the island. The gains and spin-offs from this new wave are growing exponentially. In my opinion, it may be the most exciting recorded change within our economic and social structure ever to take place. The Barbados lifestyle is no longer a holiday lifestyle; it is one which now incorporates investment, business and a permanent commitment to being a part of what Barbados best represents in a global Pamela Hiles, Editor environment. We have reached the tipping point.” Thank you Sir Paul for these optimistic words. On a sad note, we lost a legend in Barbados Construction and the wider Caribbean region. Sir Charles Williams passed peacefully at 88 having made his mark in business as founder of the COW group of companies as well as being an avid sportsman. Jill Walker, a supremely talented lady, passed away at 94. She’s best known as an artist who many years ago, with her husband Jimmy, came from the UK to make Barbados their home. She opened the Best of Barbados Gift shops and the rest is history. Our thoughts and sympathy goes out to the families. In this edition we have our popular gift guide. Whether it’s something for the home or a personal gift, our retailers can help you out! We invite you to view it on www.barbadospropertynews.com Wishing each and every one of you a peaceful and healthy holiday season. On the Cover: ICandi Rocks
If you would like to advertise in Barbados Property News call Pam at 228-9122 or 232-0692
Credits Publisher – Hiltop Publications Ltd, 11 Cottage Ridge, St George, Barbados, BB19071 Tel (246) 228-9122, Fax (246) 228-0243 Email: sportingb@caribsurf.com www.sportingbarbados.com www.barbadospropertynews.com www.caribbeanpropertymag.com www.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 this publication have been deemed accurate at the time of going to print. The views expressed as editorial are those of the Editor unless stated otherwise. No part of this publication may be reproduced without the consent of the permission of Hiltop Publications Ltd.
BEACH • GOLF• RESORT
Lancaster Drive 19 Lancaster Drive 19 is a brand new property due for completion early 2022. Very spacious at over 3,650 sq ft, it is our popular Buddleia Villa design, a truly stunning property on the prestigious Royal Westmoreland Estate. Lancaster Drive is Royal Westmoreland’s most desirable address, with its elevated aspect giving you wonderful views over our world class golf course and to the Caribbean Sea beyond.
Key features 2 STOREYS
4 BEDROOMS
4 EN SUITES
1 SWIMMING POOL
1 GARAGE
1 MEDIA ROOM
£2,745,000 Visit us at www.royalwestmoreland.com, E-mail us at property@royal-westmoreland.com or call us on 1-246-419-7227 to learn more Photos for illustration purposes only
1 HOUSEKEEPING FACILITIES
TOMMY LIFTGATES
REAL ESTATE SALES | HOLIDAY RENTALS | PROPERTY MANAGEMENT | PROPERTY CONSULTANCY
w w w. a l t m a n b a r b a d o s . c o m
Altman Real Estate is an international associate of Savills
US$600,000
US$550,000
Battaleys Mews 7 | St. Peter
Deja Blue| Christ Church
Ideally located just a few minutes away from the historic Speightstown and many amenities in Holetown is Battaleys Mews 7; a spacious 3 bedroom, 2 bathroom townhouse, which blends classic colonial architecture with Caribbean design.
Dèja Blue, is a wonderfully appointed 2 bedroom, 2 bathroom apartment on the second floor of St. Lawrence Beach Condominium offered for sale. This apartment is newly upgraded and furnished with various tones of the sea, which have a calming effect as soon as you enter the apartment.
• Gated Community • Furnished
• Beachfront • Furnished
• Tennis Courts
• Communal Pool
• Sundeck
• Communal Pool
US$1,195,000
US$875,000
Hi Five | Sugar Hill Resort
Claridges 6 | St. Peter
Hi Five is a 3 bedroom townhouse set within the beautifully landscaped and private grounds of Sugar Hill Resort and Tennis Village. Sugar Hill is a vibrant and active community, which offers its members access to a full range of amenities including the clubhouse, gym, restaurant and much more.
• Plunge Pool • Tennis Courts • Clubhouse • Furnished
• Sea View
• Gym
Located on a beautiful boutique resort is Claridges 6, a contemporary two-story townhouse, complete with 3 bedrooms and 3 bathrooms. Residents of Claridges enjoy communal facilities including a large swimming pool with a waterfall, and exclusive beach service and amenities at Gibbs Beach. • Near Beach • Gated Community • Terrace • Swimming Pool • Furnished
US$2,600,000 Colibri is an expansive property within the coveted Sandy Lane Estate with four ensuite bedrooms in the main house and a 2 bedroom, 2 bathroom cottage in the garden. This villa not only offers a relaxed environment to its residents, but also access to the amenities at the Sandy Lane Property Owners Beach Club.
Head Office, West Coast
US$4,000,000
Sandy Cove 401 | St. James
Colibri | Sandy Lane
• Near Beach • Near Golf • Swimming Pool
• Patio
• Near Tennis • Furnished
246.537.0840
Limegrove
246.537.0864
Sandy Cove 401 is a spacious 4 bedroom, 4 bathroom penthouse apartment with in the luxurious Sandy Cove community, which boasts inspiring ocean views, access to a soft sandy beach and lush tropical gardens.
• Beachfront • Sea Views
• Plunge Pool • Furnished
altmanrealestatebarbados
• Gym
realestate@altmanbarbados.com
rysi side de Lot 21 Country Coun
El Sol Su Sure reno no 16
A lovely two bedroom, two bathroom cottage for sale situated in Vaucluse, St. Thomas.
A mordern and spacious two bedroom, two batroom condominium for sale, located in a gated development which overlooks the Barbados Golf Course.
000 $625.000 R SALE B $625 FOR FO SALE: BD
FO FOR R SALE SALE: BD B $$660,000 660,000 - FU FURN RNIS ISHE HED
Golde olden n Gro rove ve 236
El Sol Su Sure reno no 14
on Arbour rbour 504 Lemon Le
Atlant lantic ic Shor Shores Lot 253
Is a first floor apartment for sale comprising of one bedroom and one bathroom.
A ground floor, two bedroom, two bathroom condominium for sale situated at Durants, Christ Church.
A ground floor, two bedroom, two bathroom apartment for sale within Rockley Golf and Country Club in Christ Church.
Situated on Enterprise Road at the entrance to the desirable Atlantic Shores neighbourhood is this rectangular shaped residential lot of land.
FOR SALE: FO SAL BD $625, $62 ,000 - FU FURNISH SHED
FOR SAL FO SALE: BD $585, $585,000 000 - FU FURNISH SHED
FO FOR R SALE SALE: BD B $$288,000 288,000
FOR FO R SALE SALE: BD $490 $490,000 000
rbour 532 Lemon on Arbour Le
Harmony Hall 4
ocus Hocuss Poc Hoc
A two bedroom, two bathroom apartment for sale within Rockley Golf & Country Club, Ch.Ch.
A tastefully furnished two bedroom, one and a half bathroom townhouse for sale overlooking the 7th Fairway of Rockley Golf Course.
Is an immaculate five bedroom, three and a half bathroom family home for sale in Durants, Christ Church.
FOR FO R SALE SALE: BD B $640 $640,000 000 - FU FURN RNIS ISHE HED
MILLION FO FOR SA SALE LE: BD B $3 MILLIO
FOR FO R SALE SALE: BD $50 $500, 0,000 000 - FU FURN RNIS ISHE HED Rock ockley ey Go Golf & Cou ountry Club,
Rockl ockley ey, Christ Church ch Ι Tel: el: 43543 -78 7852 52/62 62
om @car aribsur ibsurf.com airway ays@c Emailil - fair
www.ig igreal realty.com om
www.faceboo ook.com/Isla co /IslandGold ldReal alty
I Candi Rocks Lifestyle Limegrove Holetown St James Barbados
Rocking it in Limegrove
FEATURE
If you have been to the Limegrove Lifestyle Centre in the last few months, you can’t fail to see the new I Candi Rocks store! Claire Howton is the inspiration behind this and Barbados Property News wanted to find out a bit more about her and this exciting new venture…
definitely a risky move but for us it has been worth it. Going in to Lifestyle has been the most exciting part and I love the buying. We still carry a selection of our I CANDI Rocks Jewellery…how could we not?… and have also introduced a couple of new Brands such as Elizabeth Scarlett and the Connock of London fragrance range which have both provide to be huge hits!!
A little bit about yourself, how you came to Barbados and why? I came to Barbados when I was in my mid twenties. My mother’s family is from Barbados and my father is English. I went to Camberwell art college in London and studied graphic design but I didn’t find my real passion in jewellery until I moved back to Barbados. I had a part time job at a well known jeweler who’s gemologist trained me and taught me how to string pearls. It was then that I fell in love with jewellery design and gemstones. I loved my job and the team I worked with but a year or two later I decided to go off on my own. At the time it was a huge risk and a very daunting move for me, I was very shy in my twenties and putting my work out there to be scrutinised gave me lots of anxiety! I started holding jewellery cocktail party’s at various private villas and the anxiety started to ease…just a little bit I showed my jewellery at Cobblers Cove hotel every Tuesday and my confidence in my designs grew as the response was fantastic.
Tell us about your expansion and what the future holds? We are opening I Candi studio which will be upstairs in Limegrove. This is planned for January with full interior design services. Watch this space!!! To say that we are excited doesn’t even describe how we’re feeling! We are spilling over with ideas and massive amounts of enthusiasm for our latest addition and our ever evolving brand! Bring on 2022!!! I Candi Rocks Lifestyle Limegrove, Holetown, St James, Barbados
I Candi Rocks - What was the inspiration behind this store to being with and when did it all start? I Candi Rocks opened in 2008 at the chattel Village. The name actually came from a client who was trying on a multi coloured aquamarine necklace who remarked that it looked like candy. After playing around with a few ideas I Candi was born! I used the butterfly emblem on my logo as the it represents freedom… perfect! The Chattel Village played a very big part in our success and it was with a very heavy heart that we realised some quick, big changes had to be made if we were to survive through covid…. So in May of 2020 I put a proposal forward to Limegrove to open a lifestyle and furniture store (home and interior being my second love!) You’ve recently moved into the Limegrove Lifestyle Centre. It’s a much bigger store! Are there any particular brands/designers you have exclusively on island? Dee and myself love our new store and are so happy to be part of Limegrove. Opening a new store through Covid was 23
Christmas Marketplace
Smeg Pastel Green Retro Toaster – $555.78 VAT inclusive from Dillon Amber Dane
Wendy Moon Necklace $290 Bds Little Lights Necklace $340 Bds from ICandi
Canti Prosecco Rosé DOC 75cl BBD$34.99 from Wine World
Chinoiserie Soap & Lotion Set $134.48 Bds Vat Inc from Archers Hall
Veuve Clicquot Brut Arrow Gift Box 750ml from Cavi & Vino 26
Thunder Bike 12" $484 from Do It Best
Cartwright & Butler Citrus Green Tea Whole Leaf Tea Bags $14.95 Cartwright & Butler Afternoon Tea Blend Tea Bags $14.95 from Clifton Market
Gaston Bar Cart $569 from Gajah
Throw Cushions - Khaki - $59.99, Pattern - $49.99 from Kooyman
Hand Carved Wooden Mask - $162.15 VAT inclusive from Dillon Amber Dane Mother of Pearl Black Stripe Boxes - Large $136.55 & Small $117.30 from Natz 27
Christmas Marketplace
Scroll Pattern 4x6 Frame $111.43 Bds Vat Inc from Archers Hall
Woven Plant Pots - $65 VAT inclusive (Large) & $38 VAT inclusive (Small) from Dillon Amber Dane
Gold Palm Votive Holder - $137.00 from Natz
Makita Hammer Drill Driver $310 from Do It Best
Hennessy VS Faith Limited Edition Gift Box 750ml from Cavi & Vino
28
Lobster Make Up Bag $150 Bds from ICandi
Plantation XO 20th Anniversary Rum 75cl BBD$95.99 from Wine World
Etagere Shanoy Leaf - $264 from Gajah
Christmas Marketplace
Cartwright & Butler Butter Fudge $24.99 Cartwright & Butler Butter Toffee $23.50 from Clifton Market
Wood & Metal Sculpture -$144 from Gajah
Scarlet Desk Lamp - $397.15 VAT inclusive from Dillon Amber Dane
Piper-Heidsieck Cuvée Brut Lipstick Edition 75cl BBD$135.00 from Wine World 30
Pablo Pot Round Starting at $49.99 from Kooyman
Blue Batik Oversized Tote Bag $76.85 Bds Vat Inc from Archers Hall
Christmas Marketplace
Juna Monkey Candle Holders - $48 from Gajah
Vanity Counter Top Mirror $241.90 from Do It Best
Pot - Grey - $28.99, Off-white - $28.99 from Kooyman
Piper-Heidsieck Cuvée Brut Perfume Edition 75cl BBD$135.00 from Wine World
Flora & Fauna Pouch - $84.80 from Natz Dewar’s 12 Year Old w/Gift flask 750ml from Cavi & Vino 32
Champagne Tasting at Cavi and Vino Nothing beats a good Champagne! Brydens Stokes and specialty store in Welches Plaza Cavi and Vino were hosts to the Veuve Clicquot champagne tasting. Nathan Benfrench Marketing Manager Caribbean Moet Hennessy and Paul Auriol, Managing Director Central America and Caribbean, Moet Hennessy were on hand to kick off the event and educate the guests about the bubbly luxury drink. Cavi and Vino specialises in fine liquor and wine, UK chocolates and Biscuits, cheeses, frozen food and a variety of groceries for special diets. You are sure to find that special gift for someone there.
Nathan Benfrench chatting with Cathy Padmore and Stacy Branker, Villa property managers.
34
Manager Cavi and Vino Kevin Hall with Trish Dyayle Digital Activations Manager
FEATURE
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THERE IS ALWAYS SOMETHING TO DO
BEAVA
The Barbados Estate Agent and Valuers Association Buying and Selling Real Estate in this market Buying
So, you might have heard over the past several years that real estate is currently operating in a buyer’s market. What exactly is a buyer’s market you might ask? Well according to Investopedia.com, “A buyer's market refers to a situation in which changes to the underlying economic conditions that shape supply and demand mean that purchasers have an advantage over sellers in price negotiations.” In practical terms, it means that supply (the number of properties available) is typically outstripping demand whereby purchasers have options to select from. What’s instructive though is that in certain price ranges you probably have realised that options are limited, and it is quite the opposite picture whereby demand is now outstripping supply and in some instances the opposite is true. As a buyer, how should you prepare yourself to be able to take advantage of market conditions regardless of which range and conditions you may be targeting and operating in respectively. Here are a couple helpful hints: 1. Seek financing/pre-approve to understand the property price range you qualify for. 2. Identify a BEAVA registered agent to assist with your search. 3. Identify a desired property, complete a valuation/appraisal and inspection, and make an offer. 4. Identify an Attorney-At-Law if not using the attorney your financial institution may provide. 5. Complete you verbal/written offer and acceptance. 6. Your attorney/ financial will provide guidance through the deposit and closure process. As Louis Pasteur said, “Chance favours the prepared mind” so the more prepared and knowledgeable you as the buyer can be, the more you will be able to make the most of the opportunities that may befall you in areas such as maximizing the equity available in a property through negotiation of a purchase price as one example. Another would be having a valuation done on a property prior to making an offer as you should never assume the property was valued and subsequently priced as a result. Simply negotiating 10-20% off of a property’s listing price which may be for example priced 150% above the current market may leave you far afield and frustrated when the valuation for the financial institution is returned. Think of it this way, paying in the region of .2% (of the property value) per valuation on several properties to effectively prepare yourself, when negotiating on the property you finally settle on, may end up paying for all the valuations when you’re able to knowledgably navigate the negotiation process to come to a settled accepted price. Finally, reliance on land tax values while a general barometer of value may
38
not be reflective of the current market conditions and/or market value meaning that nothing will prepare you more than having a current and up-to-date valuation from a (BEAVA registered) valuer.
Selling For sellers, the equation while different is rooted much in the same preparation. Depending on the price range your property falls into, there may be limited, or excess supply and the most important starting point is having a valuation done (by a BEAVA registered valuer) which will assist you in understanding where you want to set the listing price. This listing price is driven by factors and conditions affecting the individual seller(s) but should be rooted in a clear understanding of what the property is worth i.e., current market value. Naturally, there are specific things that assist agents with selling the property and ensure closings can happen in a timely manner. These may include but are not limited to: • General recommendations - Identifying an attorney with a proven track record of efficient service. - Also providing all requested information to your attorney to ensure the property is in a saleable state. - Ensuring taxes are current where possible. - Pointing out clear and not so obvious deficiencies to your (BEAVA registered) agent will allow them to advise the best strategy in addressing and disclosing to prospective purchasers (e.g. estate to be settled or property title to be resolved). - Selecting one or no more than 3 BEAVA registered agents to list your property as often more agents does not translate to more exposure or attention. In fact, and you may not know this but, by registering your property with a BEAVA registered agent it provides the ability for your property to be exposed across BEAVA’s association of 130+ agents and their corresponding networks regionally and internationally through seamless co-broke agreements. • For land - Ensuring it is cleared where possible. - Ensuring boundary marks have been assessed and marked. - Having the property surveyed and a “current” plot plan available if over 10 yrs. • For buildings - If vacant make sure the property is cleaned and where possible maintain it going forward. - Ensuring that the property is adequately maintained e.g., exterior painting etc. The caveat would be not to overspend on this activity if the property is earmarked for sale. - Pertinent details such as monthly running costs (electricity, water, etc.) can be helpful to prospective purchasers. We hope this information has provided some insight into the market and being prepared to either buy and/or sell in it. Feel free to contact us at https://beavainc.com/contact-us for more information or assistance with selecting a BEAVA registered valuer, sales agent or property manager. Gary Ramsay PMP - Chairman, Real Estate Council Barbados Estate Agent and Valuers Association (BEAVA)
Making Insurance Easy With Monthly Payments
(246) 435-2000
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