Property prices in the most sought after locations in Barbados could rise in 2012

There has been a noticeable increase in demand for prime Barbados houses since the beginning of 2012, according to a new report from Knight Frank.

The new Barbados Residential Insight report assesses the market's performance over the past year and looks at who's buying where and which properties are in greatest demand.

‘Last year saw prices fall by between 5% and 10% on the island with the average price for a prime property now around $900 per square feet,’ said Christian de Meillac, head of Knight Frank's Caribbean desk.