Saturday, March 2, 2024

Jump in property sales


Share post:

Real estate firm Terra Caribbean is reporting a 50 per cent increase in quarterly property sales, with most acquisitions made by local home buyers.

The information was shared in the company’s third quarter 2021 Rental & Sales Market Report authored by real estate agents Emma Hutson and Betty Cathrow.

“The number of sales transactions in quarter three were up by 50 per cent in 2021. This was driven by the number of sales closing at popular projects like Harmony Estates, South View and The Grove in Christ Church resulting in a 271 per cent increase in that parish,” they said.

“The high number of transactions in these developments coupled with prices below $300 000 contributed to a lower overall average price in quarter three 2021.” (SC)

Subscribe now to our eNATION edition for the full story.

For the latest stories and breaking news updates download the Nationnews apps for iOS and Android.




Please enter your comment!
Please enter your name here

Related articles

Jordan: Success of job programmes depends on youth performance

Minister of Labour Colin Jordan has offered a timely reminder to Barbadians that the success of local employment...

Measles caution

Barbados may be at risk of a measles outbreak because the island’s immunisation rates have fallen to worrying...

Man dies at Holetown beach

Police and ambulance responded twice to a man who had fallen on the beach at Holetown earlier today. The second...

Missing man: Anthony Esmond Boyce

The Barbados Police Service is seeking the assistance of the public in locating a missing man. He is Anthony...