Apes Hill Golf Resort and Community

Question 1

Are there built homes to purchase?

Accepted Answer

We have 3 bedroom homes ready for ownership on the 18th Fairway, as well as our turn key land and build Apes Hill Home Service throughout the community with stunning golf and sea views. Please contact us on ownership@apeshill.com to see what may be right for you.

Question 2

Is It Easy To Buy Property In Barbados As A Foreigner?

Accepted Answer

There are no restrictions on foreign ownership: residents and non-residents are treated the same in Barbados with respect to the ability to purchase property.

The two primary methods in which Barbados property is purchased are:

Domestic conveyance
Transfer of shares of  an offshore company owning the Barbados property.

Question 3

Is Barbados A Good Place To Buy Property?

Accepted Answer

With island-wide internet connectivity, diverse year round activities cultural festivals, international sporting events, and globally recognized health care facilities, Barbados is the ideal ‘home away from home’ for families, retirees and remote workers. Airlift and connectivity to major cities, educated population, stable economic , social and political environment.

Question 4

Can a non-national buy property in Barbados?

Accepted Answer

Yes. Barbados welcomes international buyers and there are no restrictions on purchasing real estate for non-nationals.
Non-national buyers will need to seek permission first from the Barbados Central Bank. This is merely a formality and the local attorney will manage this process as well as the registration of foreign currency coming in to Barbados, so that when a non-national decides to resell their home, they may apply to take the foreign currency back out of Barbados.

Question 5

How long does it take to buy a property in Barbados?

Accepted Answer

Once a price is agreed and a local attorney is engaged it will typically take between 60-90 days to close the purchase of a property. If a local mortgage is involved it may take slightly longer depending on the bank’s performance with the loan.

Question 6

What is the process for buying property in Barbados for non-Nationals?

Accepted Answer

The normal sequence for purchasing property in Barbados is as follows:

Offer: Verbal offer and acceptance, followed by confirmation of the offer in writing.

Appointment: Engage an attorney to prepare a legally binding purchase and sale contract to be signed by both parties. The Purchasers attorney will seek approval from the central Bank of Barbados for a non resident purchase - this is merely a formality.

Exchange of contracts: Exchange sale contracts and pay a deposit to the seller’s attorney (the Vendor) within two to four weeks

Completion: Conveyance and payment of the balance of the purchase price i.e. 90% within three months with financing, it may take up to six months.

(in the case of off-plan developments, stage payments based on construction progress may apply)

Question 7

Is Barbados property a good investment?

Accepted Answer

Whilst in recent years the global property market has been quite volatile as threats from recession and global pandemics have shown, the Barbados property market has remained relatively stable and continues to be a highly sought after destination to invest in real estate.

Barbados is no doubt a lifestyle destination. If there is no lifestyle goal for the purchaser, there are different investments that could make better sense. If, however, there is a lifestyle goal where the purchaser is looking to enjoy the location until the point they’re looking to sell to recover the investment, then few places beat it.

Question 8

What closing costs do you have to pay in Barbados when you buy a property?

Accepted Answer

Attorney fees are approx. 1% - 2.5% plus 17.5% VAT. These are regulated in Barbados on a fixed scale.

You will be expected to pay the proportionate amount of Land Tax from the time you purchase.

Caribbean Homes,

Laid-Back Living

Elevated In Style & Scenery

Membership

Frequently Asked Questions

Caribbean Homes, Laid-Back Living

Elevated In Style & Scenery

Membership

Frequently Asked Questions

Caribbean Homes,

Laid-Back Living