Barbados Property News February-March 2023

2.0

Situated a leap from the beach, Mullins Grove 2.0 nurtures an active outdoor lifestyle and enviable sense of connectivity. A collection of 21 unique one and two-bedroom condominiums, each residence comes to life in a masterfully balanced interior palette of oak, natural stones and blended colour tones.

Artfully detailed with lifestyle in mind, a benchmark for luxury living in Barbados.

Starting at US$309,999

Editor’s Comments – 25 Years!

Barbados Property News.com and the hard copy publication is a free one stop shop for all of you interested in investing on the island and then furnishing your home or getting various property services.

We are the only niche market publication of it’s type here and this edition number 143 marks 25 years for BPN. Thank you so much to the team of Neil Barnard at 809 Design Associates, Lulu Coles at Coles Printery, Brian Rollock, at Brian Rollock Print Brokerage for all their sterling help. Special mention to Stuart DaSilvia who was there from the start and was taken way too soon but his help and advice will always be remembered. And of course, there is no publication without the loyal advertisers. We have been an effective vehicle for all of you for 25 years and thank you to many of you who have been with us from the start and to those that continue to showcase their companies with us. We have also embraced the digital world and BPN can be seen on social media and on www.barbadospropertynews.com

Credits

Publisher – Hiltop Publications Ltd, Corner Hood Road and Navy Gardens, Ch Ch, Barbados Tel (246) 232 0692

Email: sportingb@caribsurf.com

www.sportingbarbados.com

www.barbadospropertynews.com

www.caribbeanpropertymag.com

www.caribbeanmortgageservices.com

Editor/Advertising – Pamela L Hiles

Pamela Hiles, Editor

It’s a great place to live and this Barbados Property news February/March edition (also on line on www.barbadospropertynews.com) is full of fantastic options. If you like the country life, check out The Estates at St George. Located with beautiful views of St George this development is perfect if you’re retired or fancy everything on your doorstep like a convenience store/pharmacy, restaurant, coffee shop, pool, sports facility, medical facility – they are all there!

The new Coral Beach in St Peter close to the beach is offering two bedrooms starting at US$414,000. This development of 21 luxury apartments is just perfect for your holiday home on the island!

And don’t forget the launch of the new exciting Mullins Grove 2.0 units also in St Peter. See the story inside on the developers and learn how successful their projects have been! Sunshine and calm seas. Visitors everywhere from Oistins in the south to Animal Flower Cave in the north, are enjoying all the fun that makes Barbados a great place. Here’s to the next 25 years!!!

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.

A Brilliant Move

Situated on the prestigious West Coast, Coral Beach offers twenty-one luxury apartments for sale, steps away from a stunning beach. These fully air-conditioned two-bedroom apartments feature high-quality fixtures, finishes and appliances.

Being built by a Barbadian developer with a four-decade construction record, owners at Coral Beach will also enjoy the benefits of a vacation home that can earn an excellent rental return of at least 4% when they are not in residence.

At roof level, there is a spacious deck where you can enjoy sea views and sunsets. The ideal place to enjoy morning coffee or sundowners.

Scheduled for completion in April 2023

Starting Price: US$414,000

Edgdgehilehill #4 #44

No. 44 is a lovely well-maintained six bedroom, three and a half bathroom home located in Edgehill Heights, St. Thomas.

FOR SA SALE: BD $92925,000 - FU FURNISHISHED

May aynard nards Grove ve #3 #32

This property is a charming, well maintained three bedroom, two bathroom home for sale, located in Maynards, St. Peter. FOR SA SALE: BD $840,,000 - UNFURNISISHED

Harmoony ny Hal Hall T Townho nhoususe

This is a three bedroom, two and a half bathroom townhouse located within the Rockley Golf & County Club in Christ Church, Barbados

FOR SAALE: BD $8875,000

37 Hal Haltoton T n Tererrace ace #2

This bungalow style home has two bedrooms, one bathroom and features a roof top terrace . FOR SA SALE: BD $322,,000 - FU FURNISHISHED

Vueuemont nt #2 #237

Is a charming two-bedroom, two-bathroom apartment for sale, located in the lovely Vuemont community on the West Coast of Barbados..

FOR SA SALE: BD $5590,000 - FU FURNISHISHED

Golden G en Grove ve Townh wnhoususe

This is a mordern, beautifully decorated, two bedroom, two bathroom townhouse for sale, located in Rockley Golf & Country Club on the South Coast of Barbados. FOR SA SALE: BD $700,,000 - FU FURNISHISHED

‘Why W y Worr y’ y ’ #5 Fairairhol holme e Gardens ens

This is a lovely multi-level four bedroom, two and a half bathroom property for sale, located in Maxwell, Christ Church.

FOR SA SALE: BD $73030,000 - UNFURNISHISHED

Cane H ne oususe, R , Rid idge e View Es Estate

An executive three bedroom, two and a half bathroom home of approx 1800 sq. 昀. located on the South Coast of the island.

FOR SA SALE: B BD $95050,000

Guide to Buying a Property in Barbados

by Junior Sparks, Global Estates Agency

The Barbados real estate market is very active at the moment, however there are only a few active listings for properties within the price range of BDS$200,000 to BDS$1.4 Million. This means that most of the properties on the market right now are going under offer even quicker!

It is best to hire a reputable and professional real estate agent that you can trust to work in your best interest. Global Estate Agency Inc, run by myself- a top producing and well connected real estate broker on the Island, with over 19 years of experience representing both buyers and sellers. GEA deals with all types of properties, including standalone houses, apartments, townhouses, multi-unit blocks and commercial properties.

In this article, I’ll take you through the step-by-step procedure to secure a property in Barbados, from arranging your financing to closing the deal.

Step 1 - Get your financing in place.

Do you need help arranging a mortgage or loan? Ensure you get pre-qualified with a lender before touring homes and submitting offers. Sellers don’t take offers seriously when the buyer is not already pre-qualified with a lender, and it reduces your chances of getting your offer accepted. It is best to seek financing before submitting an offer to know whether you qualify for the price region of the offer. If you are looking for a reputable lender in Barbados, you’ll be happy to know that there are a number of them offering competitive mortgage rates to citizens and international buyers. Hiring a reputable mortgage broker can make the process of securing financing much easier.

Step 2 – Note all of your important preferences

Now that your financing is secured, the next step is to make a list of all of your preferences in the order of importance. Ensure that the list covers everything, from how many bedrooms you need, to whether the location need to be close to work or school, to the type of property you are looking for. Do you want a house or apartment? Do you want to live in an open neighbourhood or gated community? Does the covenants allow pets or for commercial vehicles to be parked on the street?

Step 3 – Understand the buying process in Barbados

A professional real estate agent should explain the details of the buying process to the client. You should understand the various steps like making an offer, negotiation, and getting your offer

accepted. Your agent would also let you know when to get your attorney and the seller’s attorney involved. You are required to hire a registered Barbados attorney to represent you throughout the legal process of the sale transaction.

Step 4 – Choosing a Real Estate Agent

Don’t hire the wrong real estate agent! Do your research to ensure that you will be dealing with a professional that holds their practices to a high standard and code of ethics. One sure way to achieve this is to choose an agent who is a member of the Barbados Estate Agents and Valuers Association (BEAVA). Being a BEAVA member comes with multiple advantages. The agent has access to hundreds of listings on the island, outside of their own. This is because the Association has over a hundred members, and each agent can access the properties listed by other agents. Hiring multiple agents does not necessarily increase your chances of securing an offer, but can make it a bit messy as your name/property search gets duplicated within the same pool of agents for the same listings.

Step 5 – Viewing Properties

Keep an open mind when looking at properties. Have a vision before going on each tour so that you can look past the seller’s design and furniture choices when making a decision. Simple things like furniture can easily be changed but your focus should be on the structure and layout of the property.

Step 6 – Making an Offer

After finding a property that meets all your preferences, be sure to review the neighbourhood covenants and carry out any property inspections via a building engineer. Still want to proceed? The next step is to make an offer as soon as possible. Inform your agent about your budget and refrain from making a low-ball offer because sellers tend to feel insulted by this kind of offer and are likely to decline your offer. Your agent will keep you updated with feedback from the seller.

Step 7 – Signing the Offer and Acceptance Form

If the response to your offer is positive, a document called an Offer and Acceptance Form must be completed and signed by the buyer and seller. If you aren’t a cash buyer, your lender would give you the all clear on when to involve your attorney and start the legal process.

Step 8 – Time for the attorneys to start the legal process.

Your attorney will guide you on the legal process and provide you with a quote for the legal fees involved.

Building For The Future

As you drive up the Platinum Coast of Barbados, you can’t help but see a plethora of Groves –Mullins Grove, Garden Grove, Palm Grove, Mullins Grove 2.0 and soon to be launched Ocean Grove, and Eden Grove! These highly sought-after homes, all a leap from the beach in prime locations, is the brainchild of husband-and-wife team Suzanne Koshnoodi and Max Mulligan.

The Grove Group project profile and approach to delivery is different because their priorities look beyond the traditional. Quite simply, they look at new ways to mix luxury with living, creating sensible designs for real people. Resilient yet sophisticated features, designed for extraordinary lifestyles. Over the past 9 years, they have developed a track record developing top-quality, value turn-key homes, under their exclusive management post completion with successful projects cementing their position in Barbados’s desirable West Coast property market.

“We believe the world is changing and how people live, and build is changing. We want a development that looks to the future – how you want to live in ten years’ time. Not to the past,” said Max. Having lived in Barbados for many years, with his

father being a developer here before him, Max completely understands the importance of ensuring people have a nice environment to live at a reasonable price.

Suzanne, from New York who heads all design and branding, has multiple decades experience having run her own PR and Marketing agency in the Big Apple. The two make an awesome team. "We wanted to evoke that feeling of effortless sophistication by the beach. The generous interiors, grand water and nods to coastal design provide a relaxed sense of luxury. It’s getting down to the nostalgic paramount holidays, so you feel at home and comfortable,” said Suzanne.

Grove Group launched in the BPN December/January edition, Mullins Grove 2.0, a short leap to the popular Mullins beach, this development has a good return on investment. This will be a collection of 21 one and two-bedroom condominiums including pools, wellness centre, rooftop with café/lounge, and exclusive Grove Group beach club. Mullins Grove 2.0 construction commences April 2023.

“At Mullins Grove a two bedroom, paying all the fees you can make around $36,000 B’dos a year profit. During Covid 19 this development still made a profit! Grove Group manages the bookings and takes the worry away from the owners, who get to use it 3 months a year, one in the winter and two in the summer and they pay nothing when they are in residence,” said Max.

Just a head’s up everyone, most of the developments done by this dynamic team sell out within weeks of launching. Prices at Mullins Grove 2.0 start at US$309,999 with only a few units left.

Don’t Walk, Run.

Barbados...

We call this home.

Frere Pilgrim, Christ Church (2301839)

Single storey home located in a peaceful Cul de sac and recently renovated in 2018, offering open plan living, dining and kitchen area.

Long Bay Development, St. Philip (2301825)

3 Bedroom, 2 bathroom property located 10 minutes drive from Six Roads. Offers open plan living area and a master bedroom with en-suite bathroom and walk-in closet.

BDS$375,000BDS$490,000

Dacia, Golf Club Road, Rockley Christ Church, Barbados

T (246) 436 7440

karpreal@karpeal.com

www.karpreal.com

Culpepper Development, St. Philip (2201664)

Immaculately maintained two-storey property situated in the cool and breezy Culpepper Development. Offering two x2 bdrm, 1 bathroom apartments, this property is a great investment opportunity ideally suited for holiday rentals.

Graeme Hall Park, Christ Church (2100251)

Beautifully maintained ranch style house offering 3 bedrooms and 2.5 bathrooms with spacious living areas, generous storage spaces, double garage and easy access to beaches, shopping, etc…

BDS$720,000BDS$875,000

Ruby Park, St. Philip (2201743)

Well maintained 3 bedroom, 2.5 bathroom house with study and large utility room. Situated within 5 minutes drive of Six Roads and the many amenities available in that area.

BDS$490,000

Maxwell, Christ Church (2201690)

Beautifully maintained and elegantly finished 2 Bedroom 3 bathroom villa with an additional 1 bedroom 1 bathroom self-contained apartment. Situated just minutes from lovely beaches and many other amenities.

Rockley, Christ Church (2201521)

4 bedroom 4 bathroom family home located in the highly desirable Blue Waters neighborhood. Situated approximately 150 yards from the fabulous Accra Beach.

BDS$1,075,000BDS$1,400,000

Maxwell, Christ Church (2201810)

Immaculately maintained and well situated 3 bedroom 2 bathroom house with adjoining 1 bedroom 1 bathroom self-contained apartment. Close to lovely beaches, shopping and many other amenities.

BDS$900,000

Land sizes are approximate. E&OE

Carlton

(2100112)

Beautifully appointed and offering a total 6 bdrms and 5 bathrooms, which can be used as a large home or as 3 separate units. Located at Carlton View Estates and just a few minutes drive from the fabulous West Coast beaches.

BDS$3,000,000

View Estates, St. James

Barbados... We call this home.

Stunning plantation great house with guest cottage and outbuildings which could be converted into further accommodation. Situated in a wonderful, cool, elevated location with fabulous views of the countryside and towards the sea.

BDS$1,950,000

Barbadian great house with 5 bedrooms 3 bathrooms, still offering much of its original charm and historic elegance. This property sits on approximately 3.7 acres in a quiet countryside location. Records show that considerable restoration work and improvements were done to the property in 1910.

BDS$3,500,000

“Highgate House” is not only one of the most beautiful houses in Barbados but it is also one of the most historically significant. In recognition of this fact it was deemed a “listed” house by the Government of Barbados in 1987. The property offers 5 bedrooms and 4 bathrooms, surrounded by beautifully landscaped grounds. Situated on a ridge with wonderful views of the sea and the Bridgetown Port.

BDS$3,500,000

Magnificent plantation type residence offering 6 bedrooms and 7 bathrooms between the main house and detached apartment. Tastefully refurbished while maintaining the character of a traditional “Estate Home”. Features include, large rooms, modern kitchen and bathrooms with extended grounds, mature trees and flowering plants of all descriptions. Situated in the beautiful Barbadian countryside.

BDS$4,000,000

Land sizes are approximate. E&OE

“Lower Greys House”, Lower Greys, Christ Church (2101333)

“Ayshford Great House”, Ayshford, St. Thomas (2100234)

“Highgate House”, Highgate Gardens, St. Michael (2301823)

“Yorkshire Great House”, Yorkshire, Christ Church (2100830)