In an article in the FT last week there was much talk of a rebound as investment pours into The Bahamas…
After several years of slow growth following the crash, home prices began stabilising in 2012, says James Burdess, head of the Caribbean desk at Savilles. “By late 2012, we bagan seeing international buyers coming back into the market.”
“The amount of development and investment in the past few years in astounding.” says George Damianos, president of Damianos Sotherby’s International Realty.
He says that the building boom is being accompanied by much-needed infrastructure upgrades such as the expansion of Lynden Pindling International Airport, which cost $410m.
“All of this new development really illustrates the amount of confidence there is in the Bahamian marketplace right now.” says Damianos.