The Red Book® 2018

Page 110

Villa Rental Market The villa rental market has always been a complimentary product to real estate in Barbados, particularly in the luxury segment. The last major survey of the market was undertaken in 2009 and since then the market has seen significant changes, not just with the type and availability of properties but also in methods for distribution. We have undertaken a survey of villas for rent in Barbados. The sample is drawn from the websites of traditional villa rental companies. Location These properties represent 96% of the sample and are predominantly located in areas traditionally associated with luxury real estate, i.e. West Coast. Beachfront villas account

for just 29% of the rentals found in the survey and although we have focused on villas specifically, it is worth noting that apartments have diversified the market, expanding both the availability on the South Coast and the number of beachfront options significantly. Of the villas found, 71% are located inland as opposed to on the beachfront

Villas by Coastal Proximity

Beachfront vs Inland

71%

96%

Inland

West

29%

Beachfront

4%

Other

St. James

76.7%

St. Peter

Villas By Parish

16.8%

Christ Church

2.7%

St. Lucy

1.9%

St. Philip

0.8%

St. Michael

0.8%

St. Joseph

0.4%

T: + 1 (246) 434-9000 | E: infobb@terracaribbean.com | terracaribbean.com

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