What do I need to know when buying property in Barbados?
When we asked expats what advice they would give a foreigner before buying a property in Barbados, they said...
"1. It is important to research the area you are interested in buying property in, as well as the local laws and regulations that may affect your purchase. 2. It is also important to understand the tax implications of buying property in Barbados, as there are certain taxes that must be paid when purchasing property. 3. It is recommended to hire a local lawyer to assist with the purchase process, as they will be able to provide advice and guidance on the legal aspects of the purchase. 4. It is also important to be aware of the local currency, as most transactions in Barbados are conducted in Barbadian dollars. 5. It is also important to be aware of the local customs and culture, as this can affect the way you interact with the locals and the way you conduct business," mentioned another expat when asked about moving to Barbados.
Other Questions:
- What should I pack when moving to Barbados?
- Where should I setup a bank account in Barbados?
- Will I be able to find a job in Barbados?
- What is life like in Barbados?
- What do expats in Barbados appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Barbados?
- Is there a lot of diversity? Are people in Barbados accepting of differences?
- What are the schools in Barbados like?
- What are healthcare services like in Barbados?
- What are medical services in Barbados like?
- Are healthcare and health insurance expensive in Barbados?
- What are emergency services like in Barbados?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Barbados?
- How are local medical facilities in Barbados?
- As a foreigner living in Barbados, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
What do I need to know when buying property in Barbados?
If you live in Barbados, newcomers to Barbados would love to hear your answer to this question: