Record numbers invest in Royal Apartments as Caribbean property boom soars

With the pound passing the two-dollar mark for the first time in nearly 15 years, record levels of investors are following their sporting icons by purchasing property on the idyllic island of Barbados.

The added weakness of the US estate market is also encouraging increasing numbers of investors to buy properties in the Caribbean, with apartments and villas on the exclusive Royal Westmoreland Estate selling fast.

With 75% of the first phase of Royal Apartments, the latest unique addition to the prestigious estate, already sold, investors need to act quickly in order to secure one of these exceptional properties at the current 20% discounted pre-construction price.

And with owner John Morphet investing almost US$40million on further enhancing the championship golf course, gym, spa and concierge, there really hasn’t been a better time to invest.

“To buy a villa at Royal Westmoreland is to invest in much more than bricks and mortar. It's an investment in a unique community and lifestyle from which you and your family can derive a great deal of pride and pleasure for generations to come,” said John Morphet.

The first phase of Royal Apartments, consisting of three buildings, each containing twelve units, are designed and furnished to the most exacting of standards and provide a choice of one, two or three bedroom apartments and luxury top floor penthouses. All will boast beautiful panoramic views of either the immaculately landscaped gardens or the azure Caribbean Sea.

The architectural style of the properties at Royal Westmoreland is Colonial Caribbean and each property is designed in a way and built with local materials that blend harmoniously into the landscape beyond. Cool marble, polished mahogany and chrome are used ingeniously to achieve the conflation of contemporary and traditional, that make Royal Westmoreland properties such a pleasure to behold and a joy to live in.

With Barbados’ perfect year-round climate, stunning scenery and so much more, Royal Westmoreland provides an idyllic setting. Here, emphasis is placed on customer service and attention to detail is paramount, serving to create a unique and special haven of serenity and luxury.

Homeowners include professionals, entrepreneurs and sporting icons including Andrew Vaughan, ‘Freddy’ Flintoff, Rio Ferdinand, Steve Mclaren and Gary Lineker, drawn to the area by a shared desire for privacy in an exclusive location.

Caribbean-Mortgages founder, Robin Johnson, said: “The two main reasons behind the huge increase in the number of property clients opting to buy in Barbados are: one, the current weakness in the dollar locks in the likely upside of the dollar strengthening over time; and two, clients then have a property investment that they can use as a holiday home in one of the most beautiful places in the world.”

Julian Cunningham at Knight Frank, the agent for these exclusive developments, said: “Ownership of one of these properties offers access to a unique range of facilities, ensuring a relaxed and private living environment. Royal Westmoreland made its name as a result of its immaculate service and with properties ranging from one bedroom apartments to six bedroom villas, one is sure to find that coveted dream home”.

Ultimately, purchasing a plot in either of these exciting developments means owning a home on Barbados’ smartest estate in one of the world’s most stunning and unspoilt locations.

For further information about Royal Westmoreland, please visit the website at royalwestmoreland.com.