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Barbados Property Benefiting From Prime Property Bargains

News Posted On: 14 May 2010

The reports of increasing demand for Barbados property continues, as buyers pick up properties at prices not seen since 2006.

Barbados is a former British colony, with a stable government a favourable tax regime, a friendly and laid-back environment, and of course it is also one of the world's true paradise locations.

Barbados property has also benefited from the fact that demand for prime property is currently reported to be higher than any other type of property.

This is thought to be because to be because of two main reasons:

A: the wealthy have been least affected by the crunch, and now that fears over whether or not they will be have subsided they are treating themselves to luxury properties in paradise destinations.

B: cash is currently very unstable, with fears over whether or not major countries like the UK and Ireland can repay their debts. Among the wealthy there is a real desire to put cash savings in tangible assets as a hedge against financial instability. This was responsible for the gold rush, and now that gold prices are off the charts, people are turning their attention to prime property, which holds its value better than other property classes.

Whatever the reason, prime property sales are accelerating, with a focus on getting the real top properties at bargain prices. Thus, Barbados property, which has long been some of the primest property in the world, is obviously doing very well at the moment.

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