Barbados yields are anyone's guess
Residential Valuation Specialist | January 31, 2019
|Last Updated: Jan. 31, 2019|
|Christ Church||COST (US$)||YIELD (p.a.)|
|TO BUY||MONTHLY RENT|
|1-2 BR condos||435,217||n.a.||n.a.|
|St. James houses|
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
Property prices have remained weak in Barbados. Last year we found that gross rental yields in Barbados - the return on the cost of buying a property - are not unattractive, at 5.5% for 2-3 bedroom houses in St James. Larger properties yielded less.
This year we were unable to find enough properties to give a reasonable estimate of yields.
The Caribbean as a region levies extremely high taxes on buying and selling properties. If you have money in a visible thing (property), they will get you! By the standards of the region however, buying and selling costs in Barbados are not so very high, and mostly borne by the seller. (See also regional comparson of Barbados´ buying and selling costs)