More and more people are buying off-plan in Barbados. When a new development, in a prime location comes to market, its best to act quick as most units are being sold in record time. Read on for pros and cons of buying off-plan and some of Barbados’ newest developments coming soon.

What is Buying Off Plan?

Buying-off plan simply means buying a property before it has been built. It sounds risky, but when backed by a solid developer, there are many pro’s to buying off plan.

Pros to Buying Off Plan

• Lock in the best preconstruction price.
• Choose your unit early – to secure the best one.
• Everything will be brand new when you move in.
• You may be able to choose some of the fixture and finishes.

Cons to Buying Off Plan

• Projects may be delayed.
• It may be more difficult to secure a mortgage, you can get a loan instead.
• There may be snagging issues – negotiate this when purchasing. 

New Builds Coming Soon

Click the names of the properties for more details and photos of each. Contact our team at info@realtoslimited.com to arrange a viewing or ask us anything about new builds in beautiful Barbados. 

Sorrento

3 bedrooms, 3 bathrooms

Covered Area: 1,685 sq ft

Price (Aug 2022): $599,000 USD

Stunning Sorrento is ideally located just a few minutes away from both Holetown and Speightstown in Lower Carlton, St. James. The townhouses exude Caribbean living mixed with luxury charm perfect for anyone looking to purchase second or investment home in Barbados. Each townhouse will be finished throughout to the highest detail with top-of-the-line finishes and specialty lighting to accentuate the high ceilings and open plan living layout. Units will each enjoy a private pool and enclosed backyard making the home pet friendly. Sorrento is scheduled to be complete Spring 2024.

Porters Place

3 bedrooms, 4 bathrooms

Covered Area: 2,195 sq ft, Land Area: 5,400 sq ft

Price (Aug 2022): $995,000 USD

Porters Place is a breathtaking upcoming  residential development located on the West Coast of Barbados. Offering 21 villas available for purchase this eco-friendly development will be the perfect place to call home. Owners will be able to choose from either a three-bedroom or four-bedroom villa which will sit on a private lot ranging from 5,000 to 5,400 square feet in size. Each home will have an expansive private fully enclosed back yard with pool and pool deck. Each home will also be outfitted with a photovoltaic system to create a carbon neutral footprint for your home.

Onsite amenities will include a private gym, vegetable garden for residents, office space, manicured grounds, property management team, controlled access, recycling facilities, and communal sitting areas and a relaxation gazebo. Porters Place is ideally located within a few minutes of all the amenities within Holetown as a private beach facility to be enjoyed by owners and their guest. This development offers a unique and progressive living style with a modern and clean design.

Only a few units remaining, contact us at sales@realtorslimited.com to reserve yours. Porters Place is scheduled to be completed March 2023.

Coral Beach

2 bedrooms, 2 bathrooms

Covered Area: 1,073 sq ft

Price (Aug 2022): $400,000 USD

Ideally located near Speightstown and steps from the beaches of St. Peters Bay, this stunning new complex features 21 two-bedroom condos – set over 3 levels.  Coral Beach will be fully gated creating a sense of community and security, there will also be a large communal swimming pool and designated onsite parking. Each unit is air conditioned throughout and will receive a full complement of high-end appliances. Coral Beach is the perfect choice for investors looking for a rental property or second home.

Ground was broken in February of 2022 and the project is scheduled to be completed by March 2023. Reach out to our sales team at sales@realtorslimited.com for more details on Coral Beach.

Rockley Luxury Villas

2 bedrooms, 2 bathrooms

Covered Area: 1,300 sq ft

Price (Aug 2022): from $425,000 USD

Rockley Luxury Villas will be developed into 4 four-storey buildings, with a shared pool amongst the lush gardens. There will be 16 three-bedroom units and 24 two bedroom units all designed to allow for a comfortable living space with plenty of space for storage. Each unit will exist on one level providing an open living plan and easy accessibility. The buildings will each have elevators also making them accessible to all. The 3-bedroom units will average 1,800 sq. ft. and the 2 bedroom units will average 1,300 sq. ft each.

The property is ideally situated to take advantage of the surrounding amenities including those offered by Rockley Resort and Golf Club. It is near many popular dining options, beaches and supermarkets making it an ideal place to call home. Breaking of the ground is scheduled for 2023 and there is no confirmed completion date as yet.

Pierhead Marina

We are so excited to watch the Pierhead project in Carlisle Bay unfold. The Marina will be located at the Bridgetown end of the stunning Carlisle Bay – a beautiful and central location. The project will feature a mix of condos, commercial spaces and a hotel and promises to transform Bridgetown for the better. This multiphase project is expected to break ground in 2023. Keep up to date with this project and many others by joining our monthly newsletter so you don’t miss a thing. Sign up in the footer of this page, or reach out to our team at info@realtorslimited.com for more details on upcoming projects.