: Generally 1% – 2.5% of the purchase price, plus 17.5% VAT.

: 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.

: These are legally the responsibility of the seller (1% and 2.5% respectively).

: Foreign buyers must register their purchase funds with the Exchange Control Authority of the Central Bank of Barbados . This is a routine formality that ensures your right to repatriate funds (including capital gains) if you sell in the future.

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

: You pay the remaining 90% balance , the title is formally registered at the Land Registry, and ownership is transferred. Costs and Taxes to Budget

In Barbados, the typically pays the heavier burden of transaction taxes. For the Buyer :