Our very own Director of Real Estate Nick Guezen was recently interviewed for an article about the state of the market in Barbados, one of the Caribbean's most expensive destinations. An excerpt of the article, written by the Global Property Guide:
The property market in Barbados slowed in 2009 due to the global financial crisis, but property prices have remained mostly stable.
“Barbados’ strong history of increasing real estate values helped it stay strong through the last year without prices falling dramatically,” says Nick Guezen, director of real estate of Luxury Retreats, an elite broker in private villa sales and rentals in Barbados. “Sellers in Barbados had the means to wait out the storm, while buyers also waited patiently for prices to drop.”
Over the past few years, property prices in Barbados had an annual increase of 10% to 15%, with prices of luxury houses appreciating more than 15% per year.
Barbados has the most expensive luxury properties in the Caribbean, with prices ranging from US$4 million to US$40 million. For the extremely wealthy, there are houses that come with US$75 million price tags.
See the full article here
For more information about Luxury Retreats Real Estate services, please call Nick Guezen at 514-393-8844 x 221