Helping realise your dream to find and buy a property in Barbados

With it's superb year-round climate, social and political stability and friendly people, Barbados really is the perfect place to purchase that dream holiday home. Whether you’re looking for a luxury beachfront villa or a more modest holiday apartment, our role at Barbados Dream is to make the process of finding and buying your property in Barbados as painless as possible. We provide a one-stop source of practical information and guidance, together with access to all the local expertise you’ll need.

Finding your Dream home

Most of the property on sale in Barbados at any time is displayed here in our searchable database, allowing you to browse the real estate market at your leisure from the UK. We also keep an ear to the ground for property about to come onto the market, so if you’re struggling to find the perfect home then let us know what you’re looking for and we’ll do our best. Oh, and feel free to send us any questions or request more details on your selected villas or apartments, you’ll get a swift response.

Buying your Dream home

Basic Guidance for Non-Barbadian Buyers:

Property and land are available for non-nationals to purchase without restrictions.

Permission to buy must be obtained from the Central Bank of Barbados (which is purely a formality).

Once an agreement to buy has been made, a 10% deposit of the agreed purchase price is payable (in escrow). If the buyer withdraws from this point forward the deposit is forfeited.

The vendor pays 1% stamp duty and property transfer tax of 2.5% of the purchase price.

Non-nationals must bring the entire amount of the purchase price into Barbados. (This can include funds raised via an offshore mortgage)

The purchase price amount must be registered with the Central Bank, which then guarantees repatriation on the sale of the property.

A lawyer (attorney-at-law) is essential. Budget for legal fees of around 1.5-2% of the property purchase price.

It is common for non-residents of Barbados to purchase property through an offshore company (incorporated outside Barbados). This makes the future onward sale of the property simple.

For full details see our: Property Tax & Reference Guide

Continue to - What to buy

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