Monday, August 13, 2012

Barbados: Housing demand despite recession and increased land prices

New housing development in Vaucluse -St. Thomas, Barbados. PHOTO/Terra Caribbean

Citizens of Barbados still want to build their dream home despite a tough economic climate and increasingly high land prices.

One mortgage financing company has had to send some prospective homeowners back to the drawing board since their desires exceed their ability to repay.

Wavney Nicholls, a general manager of retail banking with Republic Bank Mortgage Center, revealed that in Barbados, in housing

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