The number of individuals worth US$100m or more is expected to increase from 63,000 to 86,000 between 2011 and 2016, according the World of wealth: Chasing sun and snow report by Oliver Knight of Knight Frank.
With property high on their list of preferred investment classes, demand for the world’s best homes is expected to strengthen, he writes. At this time of year the world’s wealthy are either heading to the Alps or the Caribbean for sunshine. In the section Sun Factor — Sizzling Caribbean Oliver Knight writes: “Guaranteed winter sun in high quality villas and an established environment is what clients are looking for. We are seeing confidence returning and notably there have been a number of top end deals in Barbados, Mustique and St Bart’s in particular. “Barbados continues to attract the British contingent but also notably buyers from North America and Canada and it’s easy to see why. For the Super Prime Buyer there’s fine dining at Sandy Lane, Cin Cin and The Cliff, horse racing at the Garrison, polo or golf at The Sandy Lane and Green Monkey Golf courses or a day at the Kensington Oval watching the island’s favourite sport.” Leading Barbados luxury property company Butterfly Residential adds: “Combining a tropical climate, an idyllic setting, friendly people, and political stability, many famous and wealthy people are choosing Barbados to purchase that dream retirement property or for their second home steeped in timeless elegance.” No other place can rival Barbados for the sheer number of luxury villas on the water’s edge, nor for the wide range of world-class restaurants and services, according to Butterfly Residential. One example of a luxury property Barbados currently listed for sale is a 5 bedroom home and cottage called ‘Jubilance’ located on the Sandy Lane Estate / priced at $3.45 million.
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