Any one invested at Merricks Residence development in Barbados?

I

icecool

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I have came across a property development in Barbados on the net after holidaying in Barbados a few years ago always wanted to own property there but been very expensive. This is a development on the east coast which is less populated but in what looks like an awesome location at a lower cost, looks a good buy. Anyone heard of it or better still brought there?
 
Please post in the correct forum.

Location, Location, Location
Discuss particular Irish locations for buying homes. Discuss overseas in Investment Property forum.
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Moved by CCOVICH.
 
was there a few years ago. I suppose it all depends on whether the east coast becomes like the west coast. The west coast beaches are better and are much more suited to general tourism. From what I remember the east coast is more rocky and the sea is considerably more rough - it seemed (to me at least) to be better suited to surfers. The restaurants and better infrastructure are all on the west coast.
 
West coast is facing the caribeean sea where-as the east coast is the atlantic - major difference in water temperature and currents I would imagine.
 
paddyodoors said:
West coast is facing the caribeean sea where-as the east coast is the atlantic - major difference in water temperature and currents I would imagine.
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Aparantlay prices have gone up since December from starting at £99,000 to now starting at £160,000. NOt due to be completed for anohter 2 years and they havent even cut any ground yet?!
 

I have just came back from visiting the Merricks Site and was very impressed. The sea is a little rough but the infasruture is there at the level i want it. It is v busy over on the west coast which as it is so small is only 30 mins away anyway. Reserving a unit.
 


I guess it all depens on you syle of living but have you tried looking into developing your own property. Naturally you will have to pay all the overheads when going to a developer but if you develop your own you may get so much more for your money.
 
"Aparantlay prices have gone up since December from starting at £99,000 to now starting at £160,000. NOt due to be completed for anohter 2 years and they havent even cut any ground yet?!"


The price that developers are offering new units today is not a good indication of what an owner might be able to secure for his/her property on the second hand market.
 

Roland, I totally agree, price increases like this are imaterial and only on paper. My decision to invest was more so based on comparable property. There is a completed resort 10 minutes away on the same coast called The Crane. Prices here are around 40% higher than what i have paid. It is a gamble, but thats what buying offplan can be about. The odds are in my favour as we speak.
 
The Architec said:
I guess it all depens on you syle of living but have you tried looking into developing your own property. Naturally you will have to pay all the overheads when going to a developer but if you develop your own you may get so much more for your money.
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My lifestyle dictates i dont have time to commit to building my own house!! i wouldn't get much further than purchasing the land! Based on what i have actually parted with i dont think it would be possible to build anything other than a small hut.
 
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