Bahamas Enjoys A Property Investment Boom

While real estate performance paints a somewhat mixed picture across the Caribbean at present, one market on an investment high - is the Bahamas.
The latest market report from Integra Realty Resources confirms a 20% increase in real estate sales volume last year, according to data analytics from the Bahamas Real Estate Association’s MLS.

This comes with a commensurate 5% increase in the average sales price. Last year, sales volume stood at $216.14 million, with an average sale price of $517,086. Those numbers are up from $180.29 million and $492,585 million, respectively, in 2017.

A booming Wall Street and a business-friendly U.S. president may not be top priority with a ‘middle-ground’ electorate, but is having the desired effect with top-tier executives benefiting from less regulation and lower taxes,  making them the ‘go-to’ client base for second (and third+) home investments in The Bahamas.

With greater disposable income and renewed confidence, buying a place that’s close to home, stable and, above all, where both family and their investment are secure, ticks all purchase criteria. Sought-after residential communities in the frame include Albany, Old Fort Bay, Lyford Cay, and Ocean Club Estates.

Sales of luxury homes have been notably buoyant in the tranquil haven of the Exuma islands. The 360+ archipelago chain may be just 40 miles from bustling Nassau, but is a world apart from the capital’s super-size-me hotels and glitzy casinos.

The incomparable privacy offered has led them to become a haven for solitude-seeking CEOs, and even a few notable celebrities. Great Exuma, the sleepy chain’s largest isle and a one-time favoured holiday spot of Jackie Onassis, has a coterie of ‘A’ list residents, among them, country musicians Faith Hill and Tim McGraw, Johnny Depp, Eddie Murphy and illusionist David Copperfield. Out with the US, most foreign homebuyers come from Canada, France, Britain, and Italy.