According to data presented by Ms. Ansell’s agency, the typical sale selling price across the Bahamas in 2020 was $359,079, with 3,179 houses outlined for sale. In the first six months of 2021, the regular price tag was up to $628,887, with 2,244 properties detailed, a spike that mirrored the surge of pent-up desire after transactions lagged for so extensive.
Mr. Christie claimed attractive developments in Nassau involve Aged Fort Bay, Lyford Cay, Albany and Ocean Club Estates. Harbour Island, acknowledged for its very long pink seaside off New Providence, is also drawing large-finish buyers. Charges at the major can arrive at up to $50 million, he explained.
Even nevertheless pickings are increasingly trim, there are nonetheless chances for center-tier purchasers. “Even on New Providence, you can get waterfront qualities for less than a million,” Mr. Christie mentioned. On some of the archipelago’s outer islands, waterfront attributes are readily available for $500,000. Small ocean-look at plenty on Eleuthera start out at $25,000, and on Eleuthera and Exuma, beachfront properties start off at all over $800,000, he claimed. In Nassau, upscale condos commence at $700,000.
On the remote Abaco islands, north of Andros and New Providence, several prepared developments are expected to grow provide, but it stays scarce, Mr. Newell explained. Vacant loads and canal residence stock “is down to 10 p.c of what it was pre-Dorian,” he explained. Fixer-uppers, he extra, “are all gone now. We sold the past just one very last week.”
The Bahamas’ outer islands are desirable since of their remoteness and minimal density, Mr. Newell stated, noting that purchasers aren’t just reacting to just one disaster, but making ready for the upcoming. “Everyone’s of the feeling that this is not going to be the initially pandemic,” he reported. “If they can find the money for it, they are seeking out for their families and introducing a 2nd put to go to.”