Tag Archives: Barbados Real Estate

Psssst… Want to buy Barbados residency status? Got US$2 million?

royal-westmoreland-barbados.jpg

I must have missed the changes to the law last year when the government decided to start openly selling Bajan residency, but we’ve been seeing a lot more rough men with Eastern European / Russian accents lately, haven’t we? Maybe this is something to do with it?

Wealthy Barbados Investors ‘Seek Special Permit Property’

Royal Westmoreland estate introduces special entry permit service to carry out paperwork for NHWIs buying property worth more than US$2million to qualify for the scheme.

There has been such a demand for special entry Barbados property-for-residency permits for wealthy investors that a top development has launched a special service to handle the paperwork for clients.

High-net-worth-individuals are seeking special entry permits that were introduced last year that allow buyers of properties worth US$2million or more to obtain residency status that includes their spouse and children.

The Royal Westmoreland estate, which has just announced another 200 luxury villas and a nine-hole golf course on the adjacent 210 acres of land, plus some larger plots, has seen rising demand for luxury homes from High-Net-Worth Individuals (NHWIs).

Additional planned private jet flights from Heathrow to Barbados by Royal Jet, owned by the Government of Abu Dhabi, is adding to the island’s appeal to wealthy investors, says Westmoreland.

A company spokesperson says, “There has been take up of the special entry permit and Royal Westmoreland has been introduced to a new business consultant service to carry out all the paperwork for the clients if they do not have the time themselves.”

… read the rest at OPP-Connect’s Wealthy Barbados Investors ‘Seek Special Permit Property’

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Buccament Bay Resort buyer successfully sues David Ames, Harlequin Resorts for breach of contract

UPDATED: The News retracts Harlequin story – says court case not finished!

St. Vincent & The Grenadines paper The News has retracted its original story that was the subject of our original article.

The News states:

No judgement yet in Buccama case

There has been no judgement yet in the case brought by Scotland resident Ana-Mendez-Canga against Buccament Bay Resort.

Last week’s report in The News – that there was a judgement in favour of Canga when the matter was heard before the Master – was incorrect. The News sincerely apologises for this error. A letter from lawyer Samuel Commissiong of the firm S.E. Commissiong & Co. Law Firm states that “No judgment was entered and could not have entered because a Defence and Counterclaim had been filed in the Suit, and of course an acknowledgement to the Claim was entered in Time.”

Several cases of similar claims are now before the court against the Resort and it’s understood there are some judgements and in others efforts are being made by the company to settle the claims.

Here is a copy of the original The News article:

(click photo for large)

Here is our original October 16, 2012 story… Continue reading

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Pure Beach Resort Barbados: Computer-generated simulations don’t need environmental & planning permissions

Watch this video. Give me your money.

If only success was as simple as computer-generated reality, developers wouldn’t have to worry about environmental studies and planning permissions yet to be obtained, financing in these disastrous times, infrastructure guarantees by a flat-broke government and construction start promises hanging tantalizingly just out of reach.

If computer art was reality, prospective owners wouldn’t have to worry about turning over tens of thousands of dollars with no consumer laws or escrow accounts to protect them while sales people show slick little presentations designed to target emotions and leave caution behind.

Ecoterra International Corporation and Pure Beach Resort have it right though: lots of tranquil beach flybys while a handsome barefoot cello player sits in the surf playing ‘Over the rainbow’… Just imagine! Look at this paradise… beautiful sunset, clean water, green trees and the soft wind playing in your hair.

Oh ya… get me my cheque book honey. We have to have a piece of this before someone else buys it and we lose out…

It just feels so right, here in Barbados…

Further enlightenment… Continue reading

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Filed under Barbados, Barbados Tourism

Harlequin Barbados: More promises to news media, but where’s the action?

click all photos for larger views

EXCLUSIVE:  New Merricks construction photos

Where’s the action?

On August 15, 2012 when BFP’s photographer visited Harlequin’s Merricks construction site, there were precisely five men at the project. Five. You can see four of them in one of our photos. The fifth was operating a construction shovel.

As was the case when we visited Harlequin’s H Hotel and took photos over a period of five months, we have to ask our readers: Does Merricks look like a healthy, vibrant construction site to you? Does this look like 1,000 units ready to rock and roll?

So far it looks like Harlequin sold over 1,000 units at Merricks but the sum total of the work completed in 2012 is what you see in the photos. According to Barbados Today, this is what is happening at Merricks in 2012:

“Meanwhile, at Merricks, construction has been ongoing on the Show Village which will house one four-bed villa, one two-bed villa, one service building, and a lagoon and events gazebo to the tune of $7.5 million.”

From Barbados Today Jobs coming

Ian Bourne of Bajan Reporter took the news media tour on August 21, 2012 and it will be interesting to hear what he has to say. We’d like to know how many workers were on the site when he took the tour, but also how many are on the site today! Our photos were taken during an ordinary day – Ian’s and the rest of the news media took theirs during a planned news conference. Let’s see if that made a difference. Continue reading

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Filed under Barbados, Consumer Issues, Offshore Investments, Real Estate

Does Barbados protect foreign investors and buyers of vacation properties?

How many incomplete, delayed and struggling vacation projects line our beaches?

by Adrian Loveridge, small hotel owner

It must be a very fine line that any responsible Government walks, especially during a period of prolonged financial challenges.

On one hand, they want to encourage, entice and persuade overseas investors to commit to projects that produce employment, wealth creation and meaningful long term value. While at the same time, they equally desire to protect the integrity of the destination, which in our case is often referred to as iconic.

It is almost impossible without having sight of the facts, to ascertain exactly how many hundreds of units of a variety of tourism residences have been ‘sold’ over the last few years, based on computer generated images or artists impressions. Clearly in a multitude of cases, a considerable number of these have yet to be built, let alone, occupied.

Ultimately, of course the latin phrase ‘caveat emptor’ or buyer beware, prevails.

But…

Should ‘we’ as one of the Caribbean pioneers of tourism with a long and relatively successful  history in this sector, not have clearly understandable and transparent legislation in place to protect what could become regular repeat visitors to our shores? Does for instance, the relevant Government Ministry conduct due diligence checks on foreign based companies that submit planning applications for tourism projects, before they are approved?

Is there an insistence that a subsidiary company is legally incorporated in Barbados, and all transactions, whether sales, lease or rental are subject to the laws of this land?

Do ‘we’ ensure that all deposits, pending title completion of the property are held in an escrow account here on Barbados and stipulate the collected funds can only be used to build and market that particular project? (Editor’s note: We all know the answer to that question and it isn’t pretty!) Continue reading

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Filed under Barbados, Barbados Tourism

The heartache and frustration of renovating historical buildings in Bridgetown

Building before renovation

From a mutual friend we (and every other news media outlet in Barbados) received another sad tale of outrageous abuse by our government officials against an investor and business person who was doing something positive in the community.

You want a lesson in how a few narrow-minded bureaucrats can take six years to pass a few pieces of paper around and discourage even the most enthusiastic foreign investor? Read on…

The document speaks for itself, so we’ll let ‘er rip…

By Ryan Thorpe: property owner, business investor

Telephone (246) 2687665
Email : RyanThorpe69@hotmail.com

Historical Building : Violet Bourne’s Bar and Andy’s Bakery & Deli 116 Roebuck Street
Bridgetown

This property was on the market for sale over 6 years (1999)

Mr recommendation to: The Bill for the preservation of places, structures and relics or other object of archeological, historical and cultural interest.

To :

Minister of Family, Culture, Sports and Youth, the Hon Stephen Lashley,

Permanent Secretary, Division of Culture and Sports, Ms Shirley Farnum

Deputy Permanent Secretary, Division of Culture and Sports, Ms Celia Toppin:

Dear all,

Site Description

The subject site is one of the typical small urban lots on Roebuck Street. Roebuck Street is a Class 1 road according to the Town and Country Planning Development Order 1972. This street is one of the seven Cultural Heritage Conservation Areas identified within the Bridgetown Community Plan Boundary. The sites contain a two storey stone building that has been identified by the Barbados National Trust and UNESO as a building for its historical and architectural value. The building on Lot 116, like most other heritage buildings along the throughfare of Bridgetown occupies the majority of the land space zero degree to the boundaries lines.

The property was formerly known as “V Bourne’s Bar” which was a popular Rum shop for liquid lunch, cutters, rock cakes, lead pipes and fish cakes in the 1970’s situated on the ground floor. The first floor was living quarters for the same shop keeper’s family and later in the 1980’s was a Tailors shop.

This property was renovated to almost the same architectural design alike the 1800’s, approximately six years ago by me (Ryan Thorpe) the owner and property developer resulting in a change of use to facilitate more up market retail space and corporate offices, harmonizing the old with the new designing. I have injected 40% physical labour and design into this project for this final finish.

I have resided and worked in the United Kingdom for the past ten years as a Multi-Skill Engineer with a International Blue Chip Companies and the United Kingdom government.

I was very happy with the area as an investment, having done tremendous historical research about the area, which holds so much history for Barbados and the Caribbean trading communities. I had some costly delays and setbacks with the Chief Town Planner, since it took that Department one year before the approval of my building plans, and one of the main requirements was to locate twenty five (25) parking facilities in Roebuck Street to accommodate my business venture i.e Change of use to public entertainment and Sports Bar (2011). I believe the government of Barbados should pay more attention to the Town Planning Department as these delays can hinder returning nationals and foreign investors from coming to Barbados to invest in our heritage. Continue reading

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Was I dreaming last night when I heard Mark Cummins of Town and Country Planning?

Was I dreaming last night?

I swear I heard on the CBC TV8 news that Mark Cummins, the head of Town and Country Planning  had been quoted to the fact that NO planning application had been made for either Skeete’s Bay or Foul Bay.

Yet Pure Beach Resort is being widespreadly advertised including with renown estate agent, Sotheby’s in the UK and locally.

I also recall a Minister of Government turning a sod recently.

With the Harlequin Properties potential for destination reputation disaster pending, are we (Barbados) getting a name for for shady projects?

Further enlightenment…

YouTube: Groundbreaking ceremony

YouTube: Pure Beach Resort, Barbados

November 3, 2011: How can Town and Country Planning approve Pure Beach Resort and Spa without due diligence?

October 27, 2011: Pure Beach Resort pledges $1 million to Queen Elizabeth Hospital – refuses to say when the money will arrive!

October 25, 2011: Source: Barbados Foul Bay developer Ecoterra International Corporation failed to file financials for last three years

October 23, 2011:  Another half-billion dollar Barbados resort announced with standard fanfare, concept paintings etc.

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Filed under Barbados, Offshore Investments, Real Estate