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See What's happening in The untouched north of Barbados

See What's happening in The untouched north of Barbados

Posted by Shanelle Weir on May 08, 2014

For a small island, Barbados’s four points of the compass have a distinct sense of self: from the wealthy west and its beachfront palaces to the wild east with the odd wooden beach house within feet of crashing waves, and from the young, cheaper, package-deals south to the rugged, untouched north.

Typically, the big money has settled around Holetown, “the pulse of the west coast”, as Alistair Brown, sales director from property developers UNNA Resorts, puts it. That’s where the Limegrove Lifestyle Centre has opened, home to the world’s biggest luxury brands to delight the island’s visiting multi-millionaires, and where villas for sale include Four Winds, which, at US$55m (£32.58m), makes it the most expensive property ever to go on the Barbados market.

Further north, Speightstown – a shabbily charming beachfront enclave of a few streets – has always felt like a place with untapped potential. There were big plans to restore its historic buildings, but then the global credit crisis hit. Now, the first signs that foreign wealth is moving into the area are starting to appear, with new residential developments bringing wealthy overseas buyers to its doorstep.

At UNNA Resorts’ St Peters Bay, a beach stroll south of Speightstown, the 57 huge three/four-bed beachfront apartments cost from US$1.95m (£1.16m) and have a free water taxi at their disposal to whisk them to the west coast’s posh restaurants. To the left of St Peter’s Bay, Moneysupermarket founder Simon Nixon has bought a plot where he’s building two high-luxury beachfront villas. To the right is Palazatte, whose four vast apartments are soon to launch from around $25m (£14m) each, though it’s believed they’re likely to sell to one buyer for somewhere over $100m (£59m). It’s a gilded strip-in-the-making.

Just north of Speightstown is St Peter’s Bay’s sister development Port Ferdinand, a smart new marina with a touch of Venice about its waterfront buildings and where Crestron-controlled apartments with stylish coral render walls (“a reminder of Old Barbados,” says salesperson Nicole Gibson) and private yacht berths cost from $2.15m (£1.27m).

Behind the snazzy interior design of Port Ferdinand’s flats is Archers Hall, whose showroom on Speightstown’s main street hints at the town’s imminent regeneration. Also promising a new lease of life locally isSandals Beaches, the all-inclusive Caribbean holiday company, who are soon to take over the Speightstown site of the old Almond Beach Resort. 

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