Barbados’ real estate market remains stable and President of the Barbados Estate Agents and Valuers Association (BEAVA) Arthur Ramsay says he is expecting this to continue into this year, despite talk of a looming global recession.He said once mortgage rates continue to hold at current levels, there should be very little change in the real estate market which has witnessed an uptick in sales in recent times, emerging from the COVID-19 pandemic.“I know a lot of people are speaking about the way things are going overseas and the opportunities for a recession situation globally but I believe that Babados still has a lot of goodwill and positives going for it,” he told Barbados TODAY.“I think that based on where the mortgage rates are and the interest that is still in the market for persons to buy property, investment, if it continues at the rate it has been going, I believe it would augur well for us in terms of our overall way of sustaining and propping up even in the hardest of times.”
