Shamon Campbell, of H.G Christie’s, affiliate of Christie’s International Real Estate, says we have so much more than historical appeal, crystal clear waters and friendly natives, Luxury has become one of the Bahamas’ most valuable assets, and it has influenced a great chunk of the wealthy to own a piece of paradise. They, of course, now call it home.
While it boasts one main island, The Bahamas is considered the ‘capital’ of luxurious hotels such as the One&Only Ocean Club and The Cove at Atlantis. Boutique luxury hotels across the less populated islands of Exuma, Eleuthera and Andros also help to solidify the country’s luxury footprint in the niche boutique resort market.
Over recent years, The Bahamas’ economy has drawn an extraordinary level of international investors. An example of this boost is most noticeable in the emergence of hotels and condo developments across the island of New Providence.
In its current state, the local industry can be compared to the likes of infamously sought after destinations such as New York and Miami with new development offerings at every desirable avenue.
Developers are taking greater interest and advantage of the economic rise in The Bahamas, where there are certainly a whole lot more to sell than beautiful condos.
From island hopping on yachts, to lounging on private beaches, dining in five star restaurants and shopping at high-‐end retailers and back to enjoy the finishes of a modern condo, this is life in The Bahamas.
Developments such as One Ocean, Thirty Six and Palm Cay, two of which are on the ultra-‐ exclusive Paradise Island, have brought new construction options to buyers – who for years – have been forced to purchase re-‐sale condos.
Europeans, Canadians and North Americans have expressed interest in these options throughout the chain of islands. And with the charming tax advantages, direct flights into Nassau from New York and Canada, airlift has played an important role in the real estate boom. Boutique aviation service providers such as Odyssey International have also played an important role in all of this fabulous development.
In comparison to real estate in other regions, this 700-‐island paradise appears to be surging towards huge increases over previous years. A report of a 20% increase in sales from our partnering brokerage has investors and the industry at large very confident.
The opportunity for more product in the capital and other islands remain at large. With a single development generating up to 200 construction jobs, the government of The Bahamas remains generous with developer approvals.
Together, with a reduction in the purchasing power of British property and the strengthening US dollar, the influx of buyers yearning for their own piece of paradise will continue to climb.
“Hello I’m Shamon Campbell, and as your Estate Agent with H.G. Christie Ltd. an affiliate of Christie’s International Real Estate, I pride myself on being able to provide my clients with top tier representation with a great portfolio of beautiful properties across the islands. Contact me for assistance or to ask any questions regarding real estate in The Bahamas.”
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