Barbados - The Merricks

Barbados is one of the most popular luxury holiday destinations in the world.

Renowned for its breathtaking scenery, the richness of its culture and above all the friendliness of its people it provides the best of all worlds - it is one of the best places to relax, but it's also full of chic restaurants, vibrant nightclubs and worldclass golf courses.

Barbados has an endearingly British atmosphere and cricket is the national sport. But despite the British influence, it is a cosmopolitan country with a strong character of its own. It is prosperous and progressive and still full of natural charm; the Caribbean culture is very much evident in its cuisine, music and people.

The Merricks Beach Resort is situated in the south east of Barbados on the stunning Atlantic coast in the parish of St Philip, 4km north of The Crane and next to Sam Lord’s Castle just 20 minutes from the Sir Grantley Adams International Airport.

Located where the Atlantic Ocean meets the Caribbean Sea and close to the equator, Barbados enjoys a warm and sunny climate all year. It is predominantly flat with rolling hills to the north, and has a unique coral structure which acts as a natural filter making its waters amongst the purest in the world.

Why Purchase:

Barbados is already one of the most popular holiday destinations in the world with a well-established tourist industry and a huge demand for hotel accommodation all year round.

The total number of visitors has increased by 13% since 2002 at an average rate of 3.13% per year during this period, with visitors predominantly from the UK (37.6%), USA (23.2%) and Canada.

In 2006 the total expenditure by tourists was $763.2 million. This averaged out to $127.48 per day for each tourist in Barbados.

There is an established property market and prices are still rising due to near saturation as there is a limited stock of property available for sale and limited land available to build on.

With capital growth expected to be consistent at +15% per annum for the next four years bringing a high return on investment it is still an attractive prospect for overseas property buyers.

Peter De Savory, quoted on www.Propertyweek.com, 4th April 2008: “You can buy first class new land for $700 to $1,200/sq ft. In Barbados it’s around $2,500.”