Real Estate Trends
The population of Barbados is approximately 280,000 with the densely occupied areas being the parishes of St. Michael, Christ Church and St. Philip. Earlier trends of living close to work or the "action areas" have changed over the years because of the construction of one major highway, the ABC Highway, which connects the 7 main highways.
One can well imagine that on a small island with a major tourist industry, the trend of wanting to live or vacation on or near the beach has continued. This makes beachfront property hard to find or extremely expensive. From the earlier description of the coasts, it is easy to see why the West & South Coasts are always in high demand, with the West Coast, or "Platinum Coast" as it is now known, being the leading hot spot. For example, the famous Sandy Lane and Port St. Charles are located on the West Coast.
Recently the trend has been to develop areas for Condo/townhouse complexes like, Aurora, Millennium Heights, Lakes Retirement Village and Atlantic Rising, most of which are located within short distances of the beaches and amenities.
In addition, local demand continues to be strong for lower and middle income housing across the island with several development (land only or land and house) projects ongoing across the island.We hope this gives a better understanding of Barbados and helps when making a real estate decision here.
We're more than happy to assist in helping you acquire a property that suits your tastes and pocket.