Amberley House, St James

Tourism drives the Barbados property market

Recent figures from the Caribbean Tourism Organisation have revealed that last year Barbados recorded an increase of 6.7 per cent in international visitors compared with 2015. In fact, there was an increase in the number of international arrivals recorded every month except April. With added air routes from both Gatwick and Heathrow promised later this year, sources expect these numbers to rise again in 2017.

These are promising signs for the island nation especially when one considers that its main international markets, namely the UK and USA, have suffered their fair share of political and economic uncertainty over the last 12 months.

This increase in international arrivals should also help to spur the Bajan property market. As visitor numbers rise there is an increase in potential international buyers being exposed to the real estate market on the island. Current owners can also take heart from the fact that a growth in visitors will also mean an increase in potential guests to rent their properties, providing a strong return on investment.

Barbados continues to be a favourite spot for both UK and North American holidaymakers and investors, in particular, the world-famous stretch of coastline from Sandy Lane to Speightstown where all the finest restaurants and best shopping are to be found.

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