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Mortgage Details - BarbadosThere a few places more perfect to purchase that investment, retirement or holiday home than Barbados with its' warm climate, social and political stability, friendly people and stunning Bajan property.
Land and property are available without restrictions to non-nationals
Non Barbadian buyers are required to get permission from the Central Bank of Barbados to purchase property. This is merely a formality
Vendors are liable for the property transfer tax which is charged at the rate of 10% of the purchase price
Up to 70% financing is available to non nationals
It is advisable to employ the services of an attorney-at-law and a reputable real estate agent to handle these transactions. Legal fees are approximately 2% of the purchase price. |
