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Barbados is the leading island destination in the Southern Caribbean for British, North American and European tourists. It is known for its well-trained, industrious people, its stable government, a wide range of accommodations and attractions and its fine coral-sand beaches. The island is a mature Caribbean tourism destination. Large-scale tourism development dates back to the late 50s and early 60s but colonial ties to Britain had made Barbados a popular destination for wealthy British nationals for many years leading up to World War II. |
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With only a 15 minute car journey to the International Airport there are many flights daily from all over the UK, including British Airways and Virgin from Gatwick, BMI from Manchester, as well as now many charter flight companies. Barbados' Grantley Adams International Airport is on the island's southern coast, 16km (10mi) southeast of Bridgetown. |
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Barbados was discovered by Portuguese explorer Pedro Campos in 1536, when he named the island Os Barbados (“The Bearded Ones”) which was subsequently shortened to Barbados. A rich and lush island that offers property investors in Barbados a wealth of opportunities. |
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Due to the size of the island and nature of the country's economy, demand has been historically high for property in Barbados . Fuelled by a massive increase in tourism activity over the last decade, prices have been pushed higher and higher. While there have been a number of localised “property bubbles” over the years, these tend to be only short term situations. |
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Barbados offers a number of incentives for overseas property investors , mainly the quality of the properties in Barbados , active market place and presence of a westernised culture (heavily influenced by the British). While the island does not operate a full “free market” economy (with some areas of industry still working to a set fee structure) there are plans to change this in due course. |
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The run up to the 2007 Cricket World Cup is causing a major stir, evidenced by the increase in property development in Barbados . While normally the effect of such events would be localised, due to the size of the country there will be an impact on the overall economy. The country is already seeing a significant increase in interest from tourists, which increases the island’s profile above and beyond 2007. |
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