Barbados investors get good return on investment
03/03/09 17:38
Any expatriates looking to get a good return on their investment should head to the Caribbean island of Barbados.
Despite the hard times in most of the world, houses on the island are rising at around ten to 15 per cent a year and higher in the luxury market.
Tim Morgan, the managing director of Cluttons Barbados, said: "History has shown that during harder financial times and even recessions, Barbados is affected for the shortest period only whilst people are uncertain and decide not to make a decision.
"Barbados has in the past always performed well as more established and international markets are in decline."
The west coast of the island is a favourite for many investors, being that it is near the capital, Bridgetown, and has a number of luxury developments.
In recent years, the pound has fallen quite significantly against the Barbados dollar, and is now worth around $2.90, compared to over $4.20 just over a year ago.
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