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 walking on the beach in nassau

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

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 […]


Four Seasons Has a New Caribbean Residential Resort Project

four seasons residential condos

The Caribbean has become a hotbed for residential resort activity, with branded residences surging in popularity. That includes Four Seasons, which has a growing portfolio of branded residences in development from Belize to Cartagena to The Bahamas. Now, another Four […]


Grand Bahama Real Estate “Doing Very, Very Well:

six senses grand bahama

From Nassau’s urban confines to secluded Abaco bliss, The Bahamas keeps shining within the broader Caribbean real estate market. As for its market within the market to watch, it’s currently Grand Bahama. “Grand Bahama is doing very, very well,” John […]


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