BRIDGETOWN, A marked uptick in reservations and purchases at the scenic Adams Castle Estate property development, could signal a return to real estate as a first choice investment for Barbadians, seeking both a housing solution and a means of making the best return on available financial resources.
Elias Haloute, developer and Director of Adams Castle Development Inc., said this was his observation following a most recent successful land showcase. He said there was an encouraging response from Barbadians who toured the property, and engaged with representatives from the local financial sector.
Noting that at last count, over half of the lots at Adams Castle Estate had been sold or reserved, Haloute said with prices starting as low as BDS$15.00 per square foot for ample sized, investment grade, residential lots, it was only a matter of time before Barbadians seized on what was a once in a lifetime opportunity. He said people were clearly once again looking at real estate as the best investment in a low interest rate environment.
Haloute said with several houses already completed or under construction, Adams Castle Estate was fast developing into the secure residential community which he had envisaged.
Prices on lots remaining across the 37.6 acre site have been considerably reduced, allowing investors who complete their purchase in 90 days to benefit from significant savings into the many thousands of dollars.