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Welcome to Barbados Dream Villas
 

Real Estate

Buying your own piece of paradise
For quite a large number of people who have enjoyed the relaxed way of life here in Barbados, the next step is to buy property. Barbados Dream Villas has a large portfolio of property including those not publicly available for sale for serious purchasers of a discerning nature. We also have great friendly staff who can work with you to find that Barbados Villa or apartment that you dream of and guide you through the the purchasing process. We are member of the Barbados Estate Agents and Valuers Association (BEAVA) we can co -broke with all other agents to find you the exact property to suit your requirements or for a commercial venture we can also asist buying a Hotel or land for development.

Buying Property in Barbados
Legal Issues: In Barbados, property passes by conveyance of title, evidenced by the recording of deeds and certified survey plans at the Registry of Title. A purchaser will require a registered Barbadian attorney to search the register and establish title prior to sale. The purchaser agrees the terms with the vendor and enters into a contract prepared by the vendor's attorney, which will provide for a deposit to be made securing the property. The deposit is held by the vendors attorney in escrow until completion, when the balance of the purchase price is paid and the title passes to the purchaser by way of conveyance. The title may be taken in an individuals name or through a corporate vehicle set up to own the property. In the case of non-residents on Barbados that they purchase the property through a company which may be incorporated outside Barbados, but which must be registered to do business in Barbados.

Costs: Purchasers should budget legal costs between 1 to 2 % of the purchase price.
Vendors pay 2.5% property tax and 1 % stamp duty on sale. If the property is
owned by an Offshore Company then if the shares of the Company are
sold offshore then no transfer tax or stamp duty is payable.

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Email : Contact Us
Tel : UK 0845 017 6707
Int +44(0)1492 514732
Barbados 246 432 6307
USA 312 2390931
Skype : WWDV005 - (Barbados)

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