Real estate listings for Barbados, which is currently undergoing a major tourism boom, show that the average property on the island of 3.3 million people is worth $9m.
The listing on the Barbados Real Estate Board (BRAB) website lists a house worth $2.3m.
This is in contrast to the $5.9m worth of houses in Barbados that are listed in the top 10 of the Real Estate Millionaires List, published by the National Association of Realtors.
The average house in Barbuda is worth around $6.8m.
However, a recent survey by Barbados real estate website, BTR, found that most Barbados houses in the middle range are worth $1.5m.
Barbados is not alone.
Many of the world’s most popular luxury and vacation destinations, including London, Paris, and Hong Kong, are also popular destinations for real estate speculators.
The UK’s BDO Group recently announced it will begin offering listings of Barbados properties in the UK, the US, and Canada.