Barbados Property News February/March 2019

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Tamarind - Page 5

Caribbean Island Properties - Page 15

Sotheby’s - Page 33

Endorsed by the Barbados Estate Agents and Valuers Association Inc.

BARBADOS PROPERTY

NEWS www.barbadospropertynews.com • February - March 2019 • Issue 121

Saint Peter’s Bay - Page 12

New House & Land Development

Highland, St. Philip 21 Lots Available Package prices range from: $224,000-$304,000

Tel: 425 4064 • www.eldbarbados.com

Port St. Charles is many things, but essentially we’re unique.

Port St. Charles is an exquisite residential marina with a charming lagoon...

Whether you decide to enjoy a meal at the Yacht Club Restaurant, lounge at the Sunset Pool with a delicious beverage, pamper yourself at the beauty salon or keep fit in the gym, everyone agrees that Port St. Charles is a completely unique experience.

Premium waterfront homes available for sale, holiday and long term rentals For Sales & Rental Information - T: 246.419.1000 Ȓˏ,/ Ȑ/0!2!Ȳ .% /1."Ȑ +)ˏȼˏ333Ȑ,+.0/0 $ .(!/Ȑ +)

Editor’s Comments We are now into our 20th year publishing Barbados Property News! That’s a lot of editions! Our vision was a property magazine that focused mainly on property, property products and services. We have kept to that vision and it’s been very successful. It’s the go-to magazine for anyone wanting to rent or buy on the island. We have grown, embracing the internet and are on line on www.barbadospropertynews.com. Here’s to another 20 years as this island is re-born with a new Government and enters into a new phase of history.

There is lots happening on the island in February and March. We have the exciting Sandy Lane Gold Cup the first Saturday in March, some excellent Polo, England Vs the West Indies ODIs at the Kensington Oval. We have the wonderful Barbados National Trust Pamela Hiles, Editor every Wednesday opening some of the most incredible homes on the island for all to see. Barbados is an island full of excitement and activity. This is what brings so many to come and buy here, returning again and again. Why don’t you join in?

Congrats to BCQS on their 50th Anniversary and to Sunbury House on their reopening. If you want to visit an authentic Barbadian plantation home, this is the one to go to.

Whatever you choose, enjoy the warmth and cool breezes at this time of year and the Bajan hospitality.

Look around – you might see something you like and decide to stay like thousands before you!

On the Cover: Saint Peter’s Bay

Publisher – Hiltop Publications Ltd, 11 Cottage Ridge, St George, Barbados, BB19071 Tel (246) 228-9122, Fax (246) 228-0243 Email: sportingb@caribsurf.com www.sportingbarbados.com www.barbadospropertynews.com www.caribbeanpropertymag.com www.caribbeanmortgageservices.com Editor/Advertising – Pamela L Hiles Design and Art Direction – 809 Distribution – Hiltop Publications Ltd, Brian’s Print Brokerage Printing – Coles 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 at 228-9122 or 232-0692

WOR LD - C LAS S MAR I NA A N D WOR LD - R ENOWN ED B EAC H F RO NT

Spacious, elegant and contemporary 2, 3, 4 and 5 bedroom residences all with stunning marina and ocean views.

Prices range from US$ 2.1M to 7.9M 2,500 - 6,300 sq. ft.

Your choice of villas – your gateway to the sea.

800.279.5007

barbados@imiliving.com

SAINT PETER’S BAY

Stunning 3 and 5 bedroom, oceanfront residences set in magnificent tropical gardens.

Prices range from US$ 1.6M to 6M 2,700 - 6,300 sq. ft.

REAL ESTATE SALES

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RENTALS

Fort George Heights, St. Michael Rental: BB$8,000 / mth

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PROPERTY MANAGEMENT

Dairy Meadows, St. James Rental: BB$3,900 / mth

Superb 4 bed/ 3.5 bath home is spacious and open. Located close to schools, shops and the amenities of the South Coast.

Appliances only included.

An open plan living designed 3 bed/2.5 bath home, situated in a desirable West Coast peaceful neighbourhood, perfect for a family. Appliances only included.

Long Bay, Philip Sale: BB$650,000

Hinds Building, St. Michael Sale: BB$1,350,000

About a 1 minute walk from the beach, this 3 bed/2.5 bath home sits on 10,494 sq ft of land. Located about 5 minutes from six roads with all its amenities.

Commercial property is centrally located in the high foot traf c area; Cheapside Road. Two stories, each oor measures 2,208 sq ft. Partly tenanted.

Upper Halcyon Heights, St. James Sale: BB$1,700,000

Margaritaville, St. Michael Sale: BB$2,400,000

Charming, single-story 3 bed/2 bath cottage - an ideal holiday home, or an investment opportunity for short term visitors looking for a comfortable stay. Sits on 25,292 sq ft of land.

Commercial beachfront land measures 40,181 sq ft. Centrally located on Bay Street between popular Boatyard restaurant and Lobster Alive restaurant. Development Opportunity.

Visit us at www.cipcaribbean.com, email info@cipcaribbean.com or contact David Coombes at 246.826.6263 or 246.424.6633

sales@realtorslimited.com

Tel: (246) 537-6946 s t’ enop k g a t ic p

Sale Price $4,000,000.00 BBD Little Good Harbour House is a delightful three-bedroom villa located on the water's edge in the peaceful village of Sherman’s on the sought-after West Coast of Barbados. The property features top of the line finishes throughout and offers comfortable Caribbean living all on one level.

Little Good Harbour House, Sherman’s, St. Lucy

Sale Price $649,000.00 BBD

Sale Price $650,000.00 BBD #25 Mount Clapham, Christ Church

This quaint two-bedroom two-bathroom home is set on a large elevated lot and enjoys a constant breeze throughout. The property is in a quiet neighborhood with mature gardens.

Charming four-bedroom family home in a well-established neighbourhood. The house is set on two lots and offers over 13,000 Sq. Ft. of land with mature gardens and trees.

Sale Price $695,000.00 BBD #192 Neptune Close, Coles Terrace, St. Philip Beau ful four-bedroom split level family home located minutes away from the popular six roads hub and Bo om Bay beach. The property enjoys cool breezes year-round.

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Mount Pleasant, St. Philip

Sale Price $850,000.00 BBD

Sale Price $2,650,000.00 BBD

Lot 12 Apple grove Estates, Bucks, St. Thomas

Unit 304, Condominiums at Palm Beach, Christ Church

This front lot is elevated and offers uninterrupted views of the Sandy Lane golf course and Caribbean Sea. Offering over 2 Acres of land, great deal at less than $9.00 Per SQ. FT.

This luxury three-bedroom condominium offers 2,300 square feet of beachfront living. The complex features an array of ameni es. Beau fully furnished with amazing sea views!

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Sale Price $4,200,000.00 BBD Ceiba, Sandy Lane, St. James Beau ful four-bedroom villa located in the heart of the west coast on the Sandy Lane Estate. This property has over 56,000 SQ. FT. of land with beau ful mature gardens. The property currently is rented short term and would be an excellent investment opportunity

sales@realtorslimited.com PBX (246) 537-6930 PROPERTY SALES

RENTALS

APPRAISALS

AUCTIONEERING SERVICES

Design Hub design for living

Our Design Hub will give you access not only to our creative team but our library of suppliers, fabrics and finishes. Not to mention our inspirtational storyboards, floor plans and expertise in budget planning.

Come in and join us for a cup of coffee or a glass of wine and let your experience begin!

With the opening of our cutting edge flagship store and showroom at Millhouse and Home, Walkers World has completely transformed the home shopping experience.

Millhouse & Home (246) 421-7968 design@walkersworldbarbados.com www.walkersworldbarbados.com

S OP H I ST I CAT ED A R C H I T EC T U R E M E ETS T H E A L LU R E O F T H E S EA

SAINT PETER’S BAY

800.279.5007 barbados@imiliving.com

What is Under Insurance?

When you purchase a comprehensive homeowner’s insurance policy; you are required to provide the replacement value of the property and contents that you want to insure.

This value or amount is known as “the sum insured” and is used to price the policy. This amount should be the current cost at today’s prices to replace your property should it be lost or damaged by peril At times, there may be a discrepancy between the replacement cost of the property and the amount of the sum insured. If the replacement cost of the property is higher than the sum insured amount you provided; this difference is the amount by which your property will be underinsured and consequently, in the event of a partial loss, the amount received from us, will not be enough to pay for the full value of the loss.

What happens if I have a claim?

Premiums are based on the sum insured and, in the event of a total loss, the policy will pay the full sum insured but this may not be enough to replace the property at today’s prices.

When there is a partial loss, claims payments made are based on the sum insured amount of the property as a percentage of the full replacement cost of the property. While it is possible for the Insured to pay a reduced premium by providing a sum insured amount which is below the replacement value, this, however, will result in a reduced or pro- rated payment in the event of a partial loss. In this circumstance, the policy holder is responsible for the shortfall in the sum insured.

How does this work?

In the event of a partial loss, your payment will be calculated based on the replacement cost versus the sum insured of your

property. The policy holder will be responsible for covering the shortfall in sum insured and your claim payment will be a proportionate amount by which the sum insured you provided is a percentage to the overall replacement value of the property.

For example: Your Property (Replacement) Value Sum Insured; Your Loss (claim): Your policy will pay: You will be responsible for the other $120,000 x $50,000 = $40,000 $150,000

As your insurance provider from time to time we will remind and encourage you to obtain a property valuation for insurance purposes conducted at least every 3 years to ensure you have adequate cover. We also encourage you to include your contents in the insurance valuation exercise.

To assist you, we can provide references for qualified, independent valuers who offer preferential rates to our clients.

At the time of renewal or arranging a new policy, we will ask you, the Insured, what is the total replacement value of the property and all its contents. This should be the amount it will cost you to replace these items TODAY! We will also ask about any upgrades or extensions made to your property. This will assist in determining that value.

Would you like to discuss your policy and how to avoid underinsurance or average? Please give Trident Insurance a call at 227-283 or 227-2872, we would be happy to hear from you.

Real Estate News

BCQS recently celebrated their 50th anniversary at Fusion

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$150,000 $120,000 $50,000 $40,000 $10,000

How do I prevent this from happening?

BCQS Celebrates!

Sanjay Amin

Real Estate News

BCQS team

take control with...

Monthly Payments.

Get a Monthly Quote!

Pay Your Premium With Low Affordable Monthly Plans!

(246) 435-2000 CALL US TODAY FOR A FREE QUOTE WWW.INSURECGI.COM • @InsureCGI

The Barbados Estate Agents & Valuers Association News Why do We exist?

The Barbados Estate Agents and Valuers Association continues (4 decades on) to be the regulatory, cohesive association representing all of its Members and serving as the benchmark for high standards to the Public at large. Our ultimate goal is to attain recognition at the Government Level.

• The Association is committed to ensuring that their members practice a clear code of ethics and provide knowledgeable and professional service to their clients. BEAVA Members are governed by a code of ethics and standards of Practice, Rules and Regulations which mandate high standard for our Members to ensure the best interests of those we serve. There is a Disciplinary Committee in place to hear grievances and to take appropriate action where any wrongdoing is evident.

• BEAVA members are constantly updating their knowledge of business and trade basics, and acquire new skills and professional development through seminars, workshops and conferences. BEAVA provides many of these for its members and also advises them of other courses and seminars both locally, in the Caribbean and World Wide that serve to benefit their professional development.

• BEAVA keeps members up to date with new laws being implemented with regards to The Real Estate Industry.

• BEAVA provides an Administrative Assistant who is readily available, not only to Members, but for the public who may need assistance in making sure that their questions are being answered and that they are guided in the right direction. We have gained due recognition over the years. To our credit, some Banks and Credit Unions now recommend that their clients choose an Agent or Valuer who is a Member BEAVA for all of the above reasons.

BEAVA

• We are pleased to say that the majority of Professional Agents and Valuers belong to BEAVA from large Brokerages to oneman operations. We encourage friendships and net-working and host educational and social events throughout the year for our membership.

We had a great AGM and Christmas Party at the Barbados Yacht Club on 14th December 2018, and the George Ramsay Award for the Agent who was voted, as most professional, ethical and courteous, went to Junior Sparks of Global Estates Agency Inc. Terra Caribbean was voted as having the best Website and Bajan Services was recognized as having the best Social Media Presence. Following are the Members of the BEAVA Executive Board, The Real Estate Council and the Valuers Council who were appointed at the AGM and who will serve the Association through December 2020.

If you are interested in joining BEAVA please contact: admin@beavainc.com, Or speak to Jeanine Jones, Admin. at 6241811 or 835-0650.

BEAVA EXECUTIVE BOARD President: Susan Armfield Vice President: Linda Williams For Hon. Secretary: Elizabeth Inniss Treasurer: Lesley Goodfellow Ex Officio/Past President: Paul Alleyne Council Member: Art Ramsay Valuers Council: Chair: Terry Hanton Lesley Goodfellow Tania Wallace Symon Clarke

Andrew Mallalieu Curtis Pounder Art Ramsay Dexter Mondesir

Real Estate Council: Chair: Linda Williams Gary Ramsay

Elizabeth Inniss Janine Banfield

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