Real Estate in St. George, Barbados
Last updated on Jun 07, 2024
Summary: People living in St. George, Barbados offer advice about real estate. How do you find a home in St. George? Should you buy or rent? What is the cost of housing?
What is a typical expat home or apartment like in St. George?
"A typical expat home or apartment in St. George is often a spacious, well-furnished property with modern amenities. These homes usually have multiple bedrooms and bathrooms, a fully equipped kitchen, and a comfortable living area. Many of these properties also feature outdoor spaces such as a patio or balcony, often with stunning views of the surrounding landscape or the ocean. Some homes may even have a private pool or access to a community pool. The architecture and design often reflect the island's tropical setting, with bright colors, open floor plans, and large windows to let in natural light. Many expat homes are located within gated communities, providing an added layer of security. These communities often offer additional amenities such as fitness centers, tennis courts, and communal gardens. Despite being in a relatively rural parish, these homes are usually not far from essential services like supermarkets, restaurants, and healthcare facilities," said one person in St. George.
What is the average cost of housing in St. George?
If you are thinking about moving to St. George, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in St. George can vary greatly depending on the type, size, and location of the property. However, it is generally considered to be moderately priced compared to other areas in Barbados. For a standard three-bedroom house in a decent neighborhood, one might expect to pay a price that is considered average for the island. Luxury properties and those with sea views or other desirable features can be significantly more expensive. It's always recommended to check with local real estate agencies for the most accurate and up-to-date information," said one person in St. George.
Should I buy or rent a home in St. George?
If you have not spent a lot of time in St. George, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in St. George depends on several factors. If you plan to stay in the area for a long time, buying a home could be a good investment. The real estate market in Barbados is stable and properties often appreciate in value over time. However, buying a home also comes with additional costs such as maintenance, insurance, and property taxes. You would also need to have a significant amount of money saved for a down payment. On the other hand, renting a home in St. George, Barbados offers more flexibility. It's a good option if you're not sure how long you'll be staying in the area or if you prefer not to deal with the responsibilities of homeownership. Renting can also be more affordable in the short term, as you won't need to come up with a large sum of money for a down payment. In addition, the rental market in Barbados is quite active, with a range of properties available to suit different budgets and preferences. However, you won't build equity when you rent, and rental rates can increase over time. In conclusion, the decision to buy or rent a home in St. George, Barbados depends on your financial situation, long-term plans, and personal preferences. It's important to carefully consider all these factors before making a decision," said one expat in St. George.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.