R
RobbieG
New Member
Hello,
We've been thinking of investing in Barbados for the last year and wonder whether now is a good time to take the plunge in an appartment in the west coast which we would rent out through a management company. We are told that a few of the larger hotels need overflow accommodation and that this would ensure good occupancy and a yield of 9% p.a.
Another similar development still under construction had according to the agents virtually sold out and then suddenly a number of units are now being re-sold - apparently to realise profit after just a few months. We therefore have our suspicions that this might just be a ruse to give the impression that demand is more buoyant than it really is.
Any comments/guidance would be very welcome.
Rob :santaclaus:
We've been thinking of investing in Barbados for the last year and wonder whether now is a good time to take the plunge in an appartment in the west coast which we would rent out through a management company. We are told that a few of the larger hotels need overflow accommodation and that this would ensure good occupancy and a yield of 9% p.a.
Another similar development still under construction had according to the agents virtually sold out and then suddenly a number of units are now being re-sold - apparently to realise profit after just a few months. We therefore have our suspicions that this might just be a ruse to give the impression that demand is more buoyant than it really is.
Any comments/guidance would be very welcome.
Rob :santaclaus:
