Barbados Real Estate

Shopping for Real Estate in Barbados?

On Barbados, The Central Bank of Barbados must grant permission to any non-Barbados resident who wishes to buy property on the island. An off-shore bank can approve a mortgage for a property on Barbados, and it is best to have your financing secured before you enter into a binding agreement. The buyer must employ a licensed Barbados attorney to search the register of title to establish title to the property before the sale takes place. The buyer and seller sign a binding contract, and the seller's agent holds the 10% deposit until the sale is completed. When the transaction is complete, the balance of the purchase price is paid and the buyer takes title to the property.

Most non-Barbados residents purchase the property through a company that is must be registered to do business in Barbados, but can be incorporated outside Barbados. The seller pays the stamp tax and transfer tax. The buyer must pay his own legal fees, which range from 1.5% to 2%. The annual land tax ranges from 0.2% for properties under $350,000; to 0.7% for properties between $350,000 to $700,000, and 1% for properties over $850,000. Property owners who plan to rent their proporty must apply 7.5%VAT tax to the rent they collect.

The above was quoted from our feature article on Caribbean Real Estate.

Please fill out the real estate request form below and we will forward the request to qualified real estate agents located in Barbados that can assist you in locating property that fits your needs.

Alleyne, Aguilar, and Altman Ltd.
For nearly 30 years Altman Real Estate has represented the widest selection of real estate for sale or rent in Barbados and the Caribbean... more

ASK Real Estate and Financial Services
ASK Real Estate and Financial Services, Inc. has offered financial and property management services in Barbados since 1978... more

Atlantic Realty
Atlantic Realty is an INNOVATIVE, energetic and all encompassing Real Estate Company offering services in: * Property Sales & Rentals * Project Management [Design, Tendering, Construction ... more

Big Mac Realty
We are Real Estate Professionals and Investment consultants but our real business is People..... more

Blue Ocean Realty
Blue Ocean Realty is a Barbados real estate company with qualified and experienced agents ready to assist you in every aspect of property investment in Barbados... more

Boardwalk Realty
Boardwalk Realty is a family owned and operated business... more

Caribbean Lifestyles
Caribbean Lifestyles Ltd is a well established Property Development company with a proven track record of connecting people worldwide with the ultimate tropical places to live and play... more

Caribbean Luxury Property
Caribbean Luxury Property is your one stop for Caribbean Real Estate! Caribbean Luxury Property is a relatively new company currently specializing in Barbados property sales, rentals, property managem... more

Global Estate Agency
Established in early 2003, Global Estate Agency, Barbados offers a personal professional service... more

Padani Corporation
Padani Corporation is a Barbados company founded in 1985... more

Trinity Caribbean
Trinity Caribbean Ltd links directly with our Barbados office, Trinity Homes Ltd to provide turnkey services to British and European buyers of homes in Barbados and the Caribbean islands... more

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