Real Estate in St. James, Barbados
Last updated on Oct 15, 2024
Summary: People living in St. James, Barbados offer advice about real estate. How do you find a home in St. James? Should you buy or rent? What is the cost of housing?
How do I find a place to live in St. James?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in St. James involves several steps. First, you need to determine your budget. This will help you narrow down your options and make your search more efficient. Next, you should decide on the type of accommodation you want. St. James offers a variety of options, including apartments, houses, and luxury villas. Once you have a clear idea of what you're looking for, you can start your search. There are several online platforms that list properties for rent or sale in Barbados. Websites like Realtor.com, Terra Caribbean, and Barbados Property Search can be useful resources. You can also consider hiring a real estate agent. They can provide you with listings that match your criteria, arrange viewings, and guide you through the process of renting or buying a property. When you find a property you're interested in, make sure to visit it in person. This will give you a better idea of its condition, the neighborhood, and whether it meets your needs. Finally, once you've found the perfect place, you'll need to negotiate the terms of the lease or purchase agreement. Make sure to read the contract carefully and ask any questions you may have before signing. Remember, moving to a new place can be a complex process, so it's important to take your time and do your research," said one person in St. James.
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Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
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What is a typical expat home or apartment like in St. James?
"A typical expat home or apartment in St. James, is often a luxurious and spacious property, reflecting the island's reputation as a high-end destination. These homes are usually fully furnished, featuring modern amenities such as air conditioning, high-speed internet, and state-of-the-art kitchen appliances. Many of these properties boast stunning views of the Caribbean Sea, with large balconies or terraces to enjoy the scenery. The architecture often blends traditional Bajan style with contemporary design, featuring high ceilings, open floor plans, and large windows to let in natural light. The bedrooms are usually spacious, with en-suite bathrooms and walk-in closets. The living areas are designed for comfort and relaxation, often including a separate dining area and a comfortable lounge with a flat-screen TV. Many expat homes in St. James also come with private outdoor spaces, such as a garden, patio, or even a private pool. Some properties are part of larger complexes or gated communities, offering additional amenities like communal pools, fitness centers, and 24-hour security. The location of these homes is another key feature, with many situated close to the beach, as well as local shops, restaurants, and other amenities. Despite their proximity to these conveniences, these homes often offer a sense of tranquility and privacy, allowing expats to enjoy the best of both worlds. In terms of interior decor, these homes often feature a mix of local and international influences, with tropical colors, hardwood furniture, and artwork by local artists. The overall atmosphere is one of laid-back luxury, reflecting the island's relaxed yet sophisticated lifestyle," remarked one member in St. James.
Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
What is the average cost of housing in St. James?
If you are thinking about moving to St. James, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in St. James can vary greatly depending on the type and location of the property. For a luxury villa in a prime location, prices can reach into the millions. However, for a more modest family home or apartment, the cost can be significantly lower. It's also important to note that rental prices can also vary, with luxury properties commanding high monthly rates. Therefore, it's difficult to provide an exact average cost, but it's safe to say that housing in St. James, Barbados can range from moderately priced to very expensive," said one expat who made the move to St. James.
Should I buy or rent a home in St. James?
If you have not spent a lot of time in St. James, 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. James depends on several factors. If you plan to stay in Barbados for a long period, buying a home could be a good investment. Property in St. James is highly sought after due to its prime location on the west coast of the island, known for its beautiful beaches and high-end resorts. However, buying a home is a significant financial commitment. You need to consider the upfront costs, such as the down payment and closing costs, as well as ongoing expenses like property taxes, home insurance, and maintenance costs. On the other hand, renting a home in St. James could be a more flexible and less financially burdensome option, especially if your stay in Barbados is temporary. Renting allows you to avoid the responsibilities of homeownership, and it may also give you the opportunity to live in areas where the cost of buying a home is prohibitively high. In addition, the real estate market can be unpredictable. While property values in St. James have generally increased over time, there are no guarantees that a home purchased today will appreciate in value. Ultimately, the decision to buy or rent a home in St. James, Barbados should be based on your financial situation, lifestyle, and long-term plans. It's recommended to consult with a real estate professional or financial advisor to help make the best decision for your circumstances," said one expat in St. James.
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.