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Bolt to launch fifteen restaurants in UK

Bolt to launch fifteen restaurants in UK

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Adam Stewart Receives Jamaican National Award for Contribution to Tourism

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Quality Service and Premium Canine Security

All is not lost in security techniques in Barbados; in fact all should be well if you get to know the people associated with Premium Kennels located at Worthing View,...

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Soca Music's Jade Lopez Resurfaces with …

Soca Music's Jade Lopez Resurfaces with Major Motivational Triumph

Persistence is a hell of a thing. One entertainer’s undying passion and his heritage have fueled what will likely be a long and prosperous career in music. Trinidad and Tobago’s Jade...

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Nassy represents for Tobago Tourism with…

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Business

The real estate market in Barbados is back on track with last year seeing surge in activity as the global economic downturn has placed the location in a better competitive position, according to a new report.

Although property prices have reduced by up to 15% since the middle of 2008 many buyers are attracted by the strength of the Barbados property market in the face of alternative destinations that have faltered quite dramatically, says the report from property consultants Cluttons. 

In 2010 Cluttons Barbados has had a successful year with an increase of approximately 70% in sales completed versus 2009.  As Barbados enters its winter peak buying months, it is obvious that buyers are now returning to the Barbados property market, the report suggests.

Villas, hotels and flights are booked up and it is even becoming harder to secure a table at the top restaurants, which is a glimmer of pre–recession times.

‘We do expect an increase in property values during the next 12 months, however this still remains an extremely good time for purchasers to negotiate.  Home buyers are attracted by the potential to negotiate a discounted price with high expectations of rental and capital growth. This is based on the stability of the economy, currency exchange rates, location and the quality of properties that Barbados has to offer,’ said Kieran Kelly of Cluttons Barbados.

The Index of Retail Prices for October 2010 remained constant at 144.3 points when compared with September 2010.

President Hugo Chávez said Venezuela has dramatically increased its oil reserves and is now the world leader.

Some experts, however, said the new figures are inflated and that Venezuela's oil industry is suffering serious problems.

Chávez said officials certified vast deposits of heavy crude in the Orinoco River basin in December, and that "we have reached 253 billion" barrels of oil.

Swedish developer Zublin is making another try at approval for a multimillion-dollar tourism development project rejected by the Grenada government last year.

The developer said the project, which includes a new cruise ship jetty, a four-star city hotel and tourism entertainment, has now been revised to address financing concerns raised by Finance Minister Nazim Burke.

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