: Generally 1% – 2.5% of the purchase price, plus 17.5% VAT.
In Barbados, the typically pays the heavier burden of transaction taxes. For the Buyer :
Buying property in Barbados is a straightforward process with , meaning non-residents can buy land, villas, or condos with the same rights as local citizens. Most transactions are completed within 8 to 12 weeks . Key Buying Steps for Foreigners
: Your attorney verifies the property has a "good and marketable title" (clear ownership for at least 20 years), checks for tax arrears, and ensures all planning permissions are in order.
: Essential for managing title searches, due diligence, and contract negotiations.
