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.
2-BR houses 416,147 n.a. n.a.
3-BR houses 533,313 n.a. n.a.
4+BR houses 777,283 n.a. n.a.
St. James houses
2-BR 494,325 n.a. n.a.
3-BR 893,330 n.a. n.a.
4-BR 1,523,260 n.a. n.a.
5+BR 2,889,286 n.a. n.a.
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)

Comments

Be the first to comment on this article!

Login or Register to submit a comment!
In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.