E EE IN FR NL O &
BARBADOS
Pendry - Page 3
Imagine Developments - Page 11
Holders Hill / Bamboo Ridge - Page 20
Endorsed by the Barbados Estate Agents & Valuers Association Inc.
PROPERTY
NEWS www.barbadospropertynews.com • August - September 2026 • Issue 164
Page 40
F E AT U R E
The Beauty of Turnkey Marina Living at Pendry Residences Barbados
Along the calm waters of Barbados’ balmy west coast, a new way of living is taking shape. Pendry Residences Barbados introduces a limited collection of fully serviced, branded waterfront homes within a private marina community—bringing together the warmth of home and the ease of exceptional hospitality. As the residential centerpiece of Pendry Barbados, the first Caribbean destination from Pendry Hotels & Resorts, it marks the arrival of a brand celebrated for contemporary design, exceptional dining, vibrant social energy, and service that feels genuinely personal. At Pendry Residences Barbados, the highest standard of hospitality becomes part of everyday life. Your home is cared for with the same attention and intention as a luxury hotel while your days unfold with ease. From morning coffee just steps away and daily housekeeping to a team who anticipates your preferences, luxury becomes less about special occasions and more about how you live. The collection comprises 46 fully furnished Residences, ranging from two to five bedrooms, with interiors designed by RH. Layouts favor generous, light-filled rooms and expansive terraces overlooking the water, while select ground-floor Residences include private gardens and infinity-edge pools. Each home is delivered complete, down to the linens, kitchenware, and décor, allowing Residential Owners to arrive and settle straight into island life. Prices begin at $2.7 million USD. That turnkey delivery is only part of what distinguishes a Pendry
2
Residence from a conventional second home. Ownership includes a dedicated residential liaison team that manages everything from housekeeping and routine maintenance to in-residence dining, ensuring every return feels effortless. Behind it all is the consistency of a globally recognized hospitality brand: carefully maintained standards, seamless service, and privileged access to the experiences that define life at Pendry. For those seeking a home in Barbados, it offers an unparalleled ease of ownership. The Residences occupy a rare waterfront setting just moments from Speightstown, one of Barbados’ oldest port towns. Rather than standing apart from the surrounding community, the development was conceived to feel connected to it, allowing Residential Owners to move easily between the town’s galleries, cafés, restaurants, and shoreline, and the private comforts of the resort. That balance between refined hospitality and an authentic sense of place has become a hallmark of the Pendry brand. Adjacent to the Residences is Pendry Barbados, a luxury oceanfront resort of approximately 80 guestrooms and suites, where inviting gathering places, destination dining, and wellness experiences create an atmosphere that feels as engaging as it is relaxed. A signature restaurant, market and café, speakeasy-style bar, Spa Pendry, Compass Sports outfitter, Paintbox Children’s Club, and a fitness center transform the resort into an extension of home: a place where Residential Owners can enjoy the energy of a luxury hotel. At the center of the community is the 110-berth marina, accommodating vessels up to 80 feet and creating a lifestyle unlike anything else available on Barbados’ west coast. For boat owners, it opens the door to the Pendry Yacht Club, where a private clubhouse, marina pool, poolside bar, and calendar of member programming extend life beyond the dock. Together, the marina and resort establish a waterfront community built as much around connection and experience as convenience. Pendry Residences Barbados represents more than a new address. It introduces a fresh expression of luxury ownership to the island, where thoughtful design, attentive service, a vibrant social atmosphere, and the ease of turnkey living come together in one of Barbados’ most compelling waterfront settings. To learn more about this unique ownership opportunity, visit pendryresidencesbarbados.com.
Your Piece of Paradise Fractional Ownership - Your own slice of the Royal Westmoreland Lifestyle Enjoy all the benefits of luxury island living with Fractional Ownership at Royal Westmoreland. Including full club membership which gives you exclusive access to world-class golf, private pools, dining, spa, beach club, tennis, padel & pickleball courts and concierge services. Each property is deeded, freehold, and held securely in trust, giving you the confidence to enjoy your home, year after year.
Secure your own piece of paradise with fractional ownership at Royal Westmoreland
Proven, Not Promised Royal Westmoreland, St. James, Barbados, W.I. 246 419 0394 | sales@royal-westmoreland.com www.royalwestmoreland.com
EDITOR’S COMMENTS
Editor’s Comments The whole world is buzzing with AI! So I’m getting in on the act. How do you like the profile picture? I just said no wrinkles and make me look younger and presto! AI seems to make anything possible. Right now you can go onto the internet, put a picture of the space you want decorated and get a plethora of ideas. It’s amazing. But what AI doesn’t do is show you the cost associated with it or provide that personal touch. You will get inspiration but there is no replacing an interior designer tasked with the job and a sensible budget. AI can only go so far. This is the annual BPN hurricane preparedness issue. We are right in the heart of hurricane season. This is the time to BE PREPARED! Get you property cleaned up, store some non perishables, charge up the phone etc and invest in some power packs, know where the Pamela Hiles, Editor closest hurricane shelter is, work out a pet plan. Thank you David Brooks for another amazing and insightful article. It’s true that most of us believe Barbados will be spared but climate change is not to be ignored and all kinds of unprecedented things weather-wise are happening so tidying up the property and getting in supplies just makes sense. Meanwhile the sea is lovely and warm, the breezes are providing relief from the heat and Barbados continues to be one on the best places in the world to live. BPN AS Is full of stunning properties to buy or rent. It’s in hard copy and online – for all things property in paradise. www.barbadospropertynews.com On the cover: The Crane Private Continue to have a great summer! Residences Best Pamela x
Credits Publisher – Hiltop Publications Ltd, 11 Gunsite Townhouses Brittons Hill, St Michael Barbados Tel (246) 232 0692 Email: hiltoppublications@gmail.com www.sportingbarbados.com www.barbadospropertynews.com Editor/Advertising – Pamela L Hiles Design and Art Direction – 809 Distribution – Hiltop Publications Ltd, Brian’s Print Brokerage Printing – COT Printery The Material and editorial contained in this publication have been deemed accurate at the time of going to print. The views expressed as editorial are those of the Editor unless stated otherwise. No part of this publication may be reproduced without the consent of the permission of Hiltop Publications Ltd.
if you would like to advertise in Barbados Property News - call Pam 232-0692 • hiltoppublications@gmail.com
8
FOR SALE NEW
NEW
Inch Marlow, Sweet Song - Christ Church 5 bed, 4.5 bath charming home with cottage, within walking distance to Silver Sands beach US $630,000 (furnished)
Sunset Crest, Mayhoe Ave 212 - St. James 3 bed, 2 bath fixer-upper villa with genuine potential on generous lot with swimming pool US $695,000 (unfurnished)
Sunset Crest, Palm Ave. - St. James 3 bed, 3 bath bungalow on large lot with strong redevelopment potential US $695,000 (furnished)
RENTAL POTENTIAL
Mount Standfast, Hocus - St. James 4 bed, 4.5 bath villa in desirable neighborhood with pool, within walking distance to beach US $1,275,000 (unfurnished)
Hilbury Plantation House - St. George 3 bed, 2.5 bath well maintained traditional plantation home on nearly 4 acres of land US $1,497,500 (unfurnished)
One Shermans - St. Peter 3 bed, 3.5 bath brand new two-storey home offering modern coastal living with sea views US $1,750,000 (furnished)
RENTAL POTENTIAL
Maxwell Beach Villas 103 - Christ Church 2 bed, 2 bath turn key beachfront retreat with rental potential on Barbados’ vibrant south coast US $650,000 (furnished)
let local knowledge work for you
RENTAL POTENTIAL
Vuemont 106 - St. Peter 3 bed, 2 bath villa in elevated setting with breathtaking north-western views US $750,000 (furnished)
Sapphire Beach Unit 403 - Christ Church 3 bed, 3 bath spacious 4th floor apartment within beachfront development on south coast US $1,395,000 (furnished)
246 432 1159
sales@jalbarbados.com
www.alleynerealestate.com
F E AT U R E
Reach Higher. Lift Smarter. Get Hurricane Ready. When the job demands safe access, precision placement and dependable lifting power, Crane & Equipment Ltd. has the right equipment to get it done. Our Genie Boom Lifts — Z-62 and Z-45 — deliver the height, reach and flexibility needed for tree trimming, roof inspections, exterior repairs, signage, electrical work and other elevated projects. Their articulating design helps operators work safely around obstacles and reach difficult areas with greater control. For jobs requiring serious lifting power in tight or sensitive spaces, choose our 3 and 4 metric-ton Spyder Cranes. Compact yet powerful, these versatile cranes are ideal for residential properties, confined work areas and projects where traditional cranes may not have easy access. With hurricane season underway, now is the time to take action. Remove dangerous branches, inspect hard-to-reach areas, secure structures and complete essential maintenance before severe
Spyder Crane
weather arrives. Don’t wait for the storm warning. Prepare now. Rent the equipment you need from a trusted local company that has been getting jobs done since 1966.
F E AT U R E
The El Nino Effect and what it means for 2026 This year will likely be a record year in terms of weather events -with extremes on either end of the spectrum – regarding climatology. Is it due to climate change – not global warming is not the correct term, as extremes can mean very cold to very hot, extreme drought David G Brooks to major flooding and of course, major weather events like storms and hurricanes that can be catastrophic. I speak of the super El Nino that is forecasted to occur this year and has already made its effects seen and felt both here and around the world. Of course, its opposite is known as La Nina and while there have been several strong/super El Nino’s, they are fewer strong (if at all, any super) La Nina’s in the past and this should make people stop and think and ask why? Why not an equal number or close to an equal number? However, first I think an explanation of both are important before we go further. The following definitions are accredited to NOAA (National Oceanic and Atmospheric Administration) – see https:// oceanservice.noaa.gov/facts/ninonina.html for more information. La Niña means Little Girl in Spanish. La Niña is also sometimes called El Viejo, anti-El Niño, or simply “a cold event.” La Niña has the opposite effect of El Niño. During La Niña events, trade winds are even stronger than usual, pushing more warm water toward Asia. Off the west coast of the Americas, upwelling increases, bringing cold, nutrient-rich water to the surface. These cold waters in the Pacific push the jet stream northward. This tends to lead to drought in the southern U.S. and heavy rains and flooding in the Pacific Northwest and Canada. During a La Niña year, winter temperatures are warmer than normal in the South and cooler than normal in the North. La Niña can also lead to a more severe hurricane season. During El Niño, trade winds weaken. Warm water is pushed back east, toward the west coast of the Americas. El Niño means Little Boy in Spanish. South American fishermen first noticed periods of unusually warm water in the Pacific Ocean in the 1600s. The full name they used was El Niño de Navidad, because El Niño typically peaks around December. El Niño can affect our weather significantly. The warmer waters cause the Pacific jet stream to move south of its neutral position. With this shift, areas in the northern U.S. and Canada are dryer and warmer than usual. But in the U.S. Gulf Coast and Southeast, these periods are wetter than usual and have increased flooding.
24
As you can see, from the above, they are completely the opposite of each other. Super El Nino events, like we’re expecting this year, have been known to occur in the years 1877–1878, 1982–1983, 1997-1998, 2014-2016, 2023-2024. As you can see there were just over 100 years between the one in the 19th century and the first one of the 20th century then we have four in recent decades/years, starting in the early 80’s and guess what coincides with that? The exact period that global temperatures start to increase at a greater rate than they did before or at least for centuries or millennia. Coincidence, maybe, but … Let’s consider the other side, the La Nino, which have had significant strong (but never super) events recorded since 1950 based on the Oceanic Niño Index (ONI) include the years 19731974, 1975-1976, 1988-1989, 1998-2000, 2010-2011, 2020-2023. So, doesn’t that make you start to think why? Regardless of if you believe it or not, Climate Change is a fact and indeed happening, the debate on whether is a natural phase that the Earth is going through or human driven or both, if still on going, however when take a step back and throw out beliefs or prejudices, the above information should make one stop and think. Also, don’t forget that both events end up causing some major or catastrophic side effects, but usually in different parts of the world. As I alluded to before, I want you to take note of the graph which shows global temperature trends since 1850. Take note of when the two World Wars – when industrialization and manufacturing would have accelerated manyfold than non-war years. And note the real jump around the 1980 period and thereon after.
F E AT U R E
the early 1980’s or long before, especially wind which powered our Sugar Industry from way back, but were suppressed over fossil fuels – so that today we would not have to be dependent on fossil fuels as much and so potentially alleviate the climate crises and so if at the very least, it would be just a natural phase.
Now, let’s look at the sea level rise graph and by the way the general rising trend is because we only had an Ice Age occurring between 26,000 and 20,000 years ago, so yes, its rising anyway but we need to look at changes in rates of increase. Last, but not least, I want you to look at the Global Population growth over the last few centuries and tell me that something doesn’t seem to come together. Now, no way am I advocating getting rid of people or any of that nonsense, but we have t come to grips with the fact that increased population, at that rate of increase, will put an enormous demand on Energy, Food and other related requirements to sustain it and THAT is my main point. When we should have been switching to energy alternatives – that were available when I was at university back in
Again, the debate goes on about the origins of our current climate change - not global warming, although that does seem to be the main overall result, yet extreme cold events will occur, as our entire global climate is all about balance or the attempt to balance things out in a never-ending timeline, yet when hit with major shifts – as mentioned above – it will rebel or do odd things. I should mention that there was a Mega-Niño identified by paleoclimatologists that occurred and contributed to the endPermian extinction, also known as the Great Dying, that occurred about 250 million years ago, long before that most talked about meteor impact that did the dinosaurs in. At that time or period, “it is Earth’s most severe known extinction event, with the extinction of 57% of biological families, 62% of genera, 81% of marine species, and 70% of terrestrial vertebrate species. It is also the greatest known mass extinction of insects.” [Wikipedia] Oddly or not so if you think about it, there no coal (fossil) deposits from that period either, for obvious reasons, as the natural balance between lifeforms – on feeding on the remans of the others, etc. - was severely interfered with too. Interesting, huh? I would hope that many of you have tuned into the news about all various heat waves that have been occurring and more than normal forest fires that are gripping Western Europe, North America, and parts of Asia, driven by a developing El Niño and
25
F E AT U R E
persistent high-pressure systems, which are causing heat-domes – see illustration below.
To wind up, I just want to say that I simply wanted to put forward things that my scientifically and logically trained mind notices things and causes me to also question things and with new evidence change my mind. Also, I’m not saying that what I’ve pointed out above is solely behind the issues we face today and there is still a lot of research still going on, but I do think that we need to think of the future and that of our children that will follow and inherit what we sow, both the good and the bad. So I invite everyone to be open-minded and consider these points, along with others, and try to see if we can incorporate more environmentally friendly solutions to new designs and retrofit when and if you can do so. This hurricane season may prove to be an interesting one and one hopes that it won’t affect us that much, but if it doesn’t remember that someone else will be one way or the other. The Pacific has already had seven (7) names storms, while the Atlantic has only had two (2), which is typical of an El Nino event, we still have four more months to go. Be safe and be prepared.
26
Know what's covered before the storm clouds roll in.
CG United Insurance Ltd. Lower Broad Street, Bridgetown Dome Mall, Warrens tel. 246.430.1900 cgcoralisle.com | @cgunitedinsurance
List Price Is Not Market Value: Understanding What Your Property Is Really Worth By Simon Parravicino
One of the most common questions in real estate is also one of the most difficult to answer: “What is my property worth?” It sounds simple, but the answer is rarely as straightforward as looking at the price of the house next door, adding up the cost of renovations or deciding how much is needed to purchase another property. There is an important difference between a property’s list price, its market value and its eventual sale price. Understanding that difference can help sellers make better decisions, avoid unnecessary delays and improve their chances of achieving a successful sale. The list price, or asking price, is the amount at which a property is advertised. It may be based on advice from a real estate agent, a professional valuation, comparable properties or the seller’s own expectations. It may also reflect what the owner originally paid, how much has been spent on improvements or the amount they hope to receive. However, the list price is ultimately a marketing decision. A property owner is free to ask any price they choose, but the market will determine whether that price is realistic. Market value is generally understood as the price that a buyer would reasonably pay and a seller would reasonably accept, assuming neither party is under unusual pressure to complete the transaction. In practical terms, it is influenced by current demand, recent comparable sales, location, condition, financing and the number of similar properties available. A seller may believe a home is worth $2,000,000.00, while an agent recommends listing at $1,850,000.00, a valuer assesses it at $1,750,000.00 and the strongest genuine $1,700,000.00. These figures do not necessarily mean that anyone is wrong, they simply reflect different purposes, methods and market conditions. It is natural for owners to compare their properties with nearby listings, but a neighbours asking price is not the same as a completed sale. An advertised price tells us what a seller hopes to achieve, it does not tell us what a buyer has agreed to pay. The property may eventually sell below the asking price, remain on the market for years or be withdrawn without a sale. It may also have advantages that are not immediately obvious, such as more land, stronger views, better access, higher rental income or superior structural condition. Comparable asking prices can be helpful, but completed sales generally provide stronger evidence because they show where an agreement has actually been made. Another common misconception is that every dollar spent on a property adds an equal dollar to its market value. Unfortunately, property values do not always work that way. A homeowner may spend heavily on a new kitchen, upgraded bathrooms, landscaping or imported finishes. These improvements may make the property more attractive and easier to sell, but they may not increase its value by the full amount spent. Some works, such as roof repairs, electrical or plumbing upgrades may simply protect
30
the property’s existing value. Highly personalized improvements are also difficult to recover, as buyers may not place the same value on a particular layout, colour scheme or finish. Location remains one of the strongest influences on property value in Barbados, but two properties in the same neighbourhood can still have very different values. Proximity to beaches, schools and shopping can affect demand. Often sea views, beach access, golf-course frontage and placement within a recognized development command a premium. However, factors such as usable land, privacy, drainage, parking, structural condition and access can create significant differences between nearby properties. Even within the same condominium development, values may vary according to floor level, view, position, furnishings and condition. It is important to compare like with like as closely as possible. Timing also matters because a property does not have one fixed value forever. Buyer demand can rise or fall, lending policies can affect affordability and construction costs can influence whether purchasers prefer completed homes or building from scratch. New developments may increase supply, while limited inventory can drive upward pressure on prices. The value of a property today may therefore differ from its value several years ago, even if nothing physical has changed. Sellers should consider the market they are entering now, rather than relying on an old valuation or a previous offer. Many sellers prefer to begin with a higher price because they believe it creates room for negotiation. There can be some logic in allowing a reasonable margin, but there is a clear difference between strategic pricing and unrealistic pricing. When a property is significantly overpriced, suitable buyers may never view it. Most purchasers search within a defined budget, so a property listed above that range may not appear in their searches or be recommended by their agent. Buyers who do see it may compare it with stronger alternatives and conclude that it offers poor value. An overpriced property can then remain on the market for an extended period. Over time, buyers may begin to wonder whether something is wrong with it, while repeated price reductions can make the seller appear overly motivated. In some cases, the final offers received may be lower than those that could have been achieved if the property had been priced correctly from the beginning. The first few months of a new listing are often particularly important, as this is when the property is fresh and active buyers are most likely to take notice. A professional agent should provide more than an optimistic price designed to secure the listing. The agent should review competing properties, recent market activity, the home’s condition, its strengths and weaknesses, the likely target buyer and the seller’s objectives. Sellers should ask how the recommended price was reached and expect the answer to be supported by evidence and clear reasoning. Good advice is not always the highest number; it is the advice most likely to help the
Lily Villas
seller make an informed decision. A professional valuation serves a different purpose from an agent’s market appraisal. A valuer provides an independent opinion of value using recognized methods, often for mortgage lending, insurance, estate planning, legal matters or financial reporting. This becomes especially important when a buyer requires financing. Even where a buyer agrees to the asking price, the bank may be unwilling to lend on that amount if its valuation is lower. The purchaser may then need to contribute additional cash, renegotiate the price or withdraw from the transaction. Once a property is listed, the market will begin to provide feedback. Enquiry levels, viewing numbers, buyer comments and offers are all clear indicators. If a property receives many viewings but no offers, there may be concerns about condition, presentation or value. If it receives very few enquiries, the price may be discouraging buyers before they ever consider it. When several buyers provide similar feedback, it should not be dismissed. The market may be communicating something important. The right list price should therefore balance ambition with realism. It should reflect the property’s location, condition,
features and competition, while also taking into account the seller’s objectives and preferred timeframe. Most importantly, it should encourage genuine buyers to engage with the property. Ultimately, the list price is what the seller asks. Market value is what the available evidence supports. The sale price is where a willing buyer and a willing seller eventually agree. Property owners who are considering selling should speak with an experienced BEAVA member who can provide informed guidance based on current market conditions, competing listings and buyer activity. Where a formal opinion of value is required, a qualified professional valuer should also be consulted. Choosing the right professionals at the beginning can help sellers set realistic expectations, avoid unnecessary delays and place their property in the strongest possible position to achieve a successful sale. Simon Parravicino Realtors Limited simon@realtorslimited.com BEAVA Board Member
31
Advertise in Barbados Property News Call Pam 232-0692 or E-mail: hiltoppublications@gmail.com
KITCHEN DESIGN THE NEW STANDARD IN
Refined design that balances beauty, function, and enduring value.
VI S IT O UR SHOW RO O M TO DAY FO R A C O N S U LTAT I O N NEW TON SHOW RO O M: Newton Plantation Yard, Christ Church
T H E K I TC H E N ST U DI O : The Avenue, Canewood, St. Michael
t: 428-2920 e: info@fiberpol.com w: fiberpol.com
F E AT U R E
Purchasing at The Crane: Resort Living, Perfected By Kerri Goodridge, Sales Representative, The Crane Private Residences
There is simply no other property ownership experience in Barbados like The Crane Private Residences. Here, the privacy and comfort of a turnkey residence are woven into a world-class resort lifestyle, with the renowned Crane Beach, clifftop swimming pools, awardwinning dining, Serenity Spa, fitness and tennis facilities and shopping all just footsteps from home. Behind it all, professional on-site property management, dedicated concierge services and a historically successful Rental Programme make ownership effortless and every stay exceptional. How is purchasing at The Crane different from a traditional purchase? The Crane Private Residences are held within a trust administered by an independent third-party trustee, allowing for a much faster and more straightforward purchase than a traditional property transaction in Barbados. There is no requirement to appoint an attorney and no stamp duty or property transfer tax payable by the purchaser. The trustee maintains the ownership records and issues each purchaser with a Certificate of Ownership. What running costs should owners expect? Owners pay a monthly Community Fee, similar to a homeowners’ association fee, which covers their share of the common costs of maintaining the residential community. Water and electricity are metered and billed according to usage. Owners are also responsible for scheduled preventative maintenance and any repairs or replacements required between maintenance cycles, helping to protect the quality and value of their residence.
40
Is professional property management included? Yes. Property management is included in the monthly Community Fee. A dedicated Property Manager, supported by the resort’s wider maintenance team, oversees the residence throughout the year. Owners can enjoy complete peace of mind knowing that their Barbados home is professionally managed, even while they are away. Can owners rent their residence when they are not using it? The Crane’s historically successful Rental Programme allows owners to earn income whenever their residence is not in use. The programme has delivered average annual net returns of approximately 2% to 4% after covering operational running costs, even during the difficult travel period created by COVID-19. The Crane handles the entire rental process, from marketing and reservations to guest service and day-to-day management. Owners benefit from the reach, reputation and experience of the Caribbean’s oldest continuously operating resort without having to manage a holiday rental themselves. A competitive reservation and marketing fee applies to bookings secured through the programme. What additional services are available to owners? The resort’s concierge can arrange airport transfers, rental cars and grocery pre-stocking ahead of an owner’s arrival. Once at The Crane, owners can enjoy a varied weekly calendar of activities, including aqua aerobics, guided neighbourhood walks, mixology classes and more. Each residence also has dedicated, secure owner storage, allowing personal belongings to remain safely in Barbados between visits. Everything is in place for owners to arrive, settle in and immediately begin enjoying their time on the island. From a streamlined purchase to the freedom of having an entire resort at their doorstep, owners experience Resort Living, Perfected. To learn more about ownership opportunities at The Crane Private Residences, visit craneresidences.com, email property@thecrane.com or call +1 246 416 6560.