Above: the Palm Cay development in Nassau
News

The Real Estate Market in the Bahamas Is Surging

By: Caribbean Journal Staff - February 29, 2016

While real estate sales are mixed around the region, one market is performing very strongly: the Bahamas.

The 700-island archipelago seems to be surging, according to a new report from Integra Realty Resources.

The Bahamas saw a 20 percent increase in real estate sales volume last year, according to data from the Bahamas Real Estate Association’s MLS.

That came with a 5 percent increase in the average sales price, according to the report, which was authored by James Andrews.

Last year, sales volume stood at $216.14 million, with an average sale price of $517,086.

Those numbers were up from $180.29 million and $492,585 million, respectively, in 2014.

“There appears to be a partial recovery in the real estate sector in some markets within the Bahamas,” the company said in its report.

That was centered in New Providence, however, rather than in Grand Bahama or the Family Islands.

Popular Posts

The 10 Best Overwater Bungalows in the Caribbean, From Aruba to Belize

Overwater villas at Caribbean resorts aren’t just a novelty — they’re also among the most luxurious and beautiful accommodations you can stay in. And while all of the bungalows perched above the waves have their charms, some stand out among […]


The 10 Best Luxury All-Inclusive Resorts in the Caribbean, From Antigua to Jamaica

all-inclusive hammock cove

All-inclusive resorts are more popular than ever, particularly in the Caribbean. The all-inclusive concept just keeps winning over travelers, who have been drawn to the ease, comfort and convenience of the concept. But the biggest thing within the space isn’t […]


The Bahamas’ Atlantis Paradise Island Just Completed a $150M Renovation

walking on the beach in nassau

A new eatery by Michelin-star Chef Michael White. A new-look casino. State-of-the-art guest rooms and the Caribbean’s first Shake Shack.  The Bahamas’ Atlantis Paradise Island resort has officially completed a $150 million resort-wide renovation, a significant project that included a […]


Related Posts cape

More Flights from Fort Lauderdale to The Out Islands of The Bahamas 

Small carrier Aztec Airlines has relocated and is now offering a host of nonstop flights between Fort Lauderdale and The Bahamas.  That includes flights to both Marsh Harbour and Treasure Cay in Abaco; San Andros and Andros Town in Andros; […]


Another Celebrity Chef Just Opened an Atlantis Paradise Island Restaurant 

chef jj johnson

Nobu Matsuhisa, Jose Andres, Michael White, Alon Shaya. Now another celebrity chef has debuted a restaurant at The Bahamas’ Atlantis Paradise Island resort.  The newest name? Chef JJ Johnson, who has debuted his FIELDTRIP, a fast-casual, “community-driven” rice bowl shop […]


A Unique New Luxury Home Project in San Juan

luxury home project

San Juan’s newest luxury residential project isn’t large.  In fact, it’s just two residences.  But they’re instantly one of the most attractive addresses in the city’s sought-after Condado Beach area. It’s a project called Haven. Each residence has a combined 6,489 […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You