|
At Home In Barbados
Barbados offers its visitors far more than the usual sunny island weather, sparkling waters and white sand beaches.
Barbados is one of the most popular destinations in the Caribbean. It is a Caribbean Island nation steeped in a unique tradition that has a focus on a better quality of life and a sense of calm. Tourists along with Caribbean real estate investors flock to the island to cruise the gentle blue waters and to enjoy beautiful sunsets. The high standard of living, the local dedication towards hospitality and the island’s affinity for the finer things attracts its visitors from around the world.
Barbados Real Estate, Economy and Infrastructure
Barbados has pure drinking water and was in fact, the first Caribbean Island to utilize piped water. It has excellent telecommunication services and a number of utilities. Transport on the island is good and fixed route taxis link most destinations. Buses are also abundant with three bus systems running seven days a week.
 Historically, the economy of the Caribbean Island of Barbados has always depended on sugarcane cultivation and other related activities. Production has however been diversified in recent times to manufacturing and tourism. Other services such as offshore finance and information technology have become important foreign investment attractors.
For ten years, the Government has been business-friendly and economically sound, welcoming foreign investment. Since the late 1990’s, there has been an increase in the construction sector, with a boom in new Barbados real estate development, renovations of hotels, office complexes and residences. It is likely that Caribbean real estate construction will pick up even further in Barbados, with the building boom on the island entering the initial stage for many new multi-million dollar projects.
The government has continued its efforts to reduce unemployment and encourage direct foreign investment. Business links and investment flow have become quite substantial. The United Nations Development Index has ranked Barbados third among 160 developing countries worldwide, in terms of quality of life, with only Hong Kong and Cyprus preceding it.
The Caribbean island of Barbados has a distinctive structure of services and facilities. It possesses a vibrant economy, a stable political system and good infrastructure. With a year-round warm climate, social stability and its extremely friendly people, Barbados has become a popular place to buy Caribbean real estate for retirement or vacation homes. Its depth and breadth of beautiful coral stone houses, full service offices, luxury villas, modern hotels, resorts and its modest homes as well provide a sufficient spectrum of choices to attract any Caribbean real estate investor.
|
