Bahamas Real Estate still Going Strong

The real estate market in The Bahamas is still going strong even with the US market, especially Florida real estate, in a tailspin. The prices for the condo units in Ocean Club Residences on Paradise Island have increased by $1 million in two years. That's pretty impressive!

A leading Bahamas Realtor said that even though signs have been seen with clients and potential purchasers holding back because of the "doom and gloom" activity in the United States real estate market, the Bahamas real estate market seems to be unaffected.

The Bahamas has special amenities such as it's close proximity to America, it's tropical island climate, and it's laid-back lifestyle. A leading Realtor said, "I don't see the [Bahamas real estate] market dropping. The market is still strong. People are still buying and moving here. We're holding our own and the demand is still there. We certainly haven't seen prices dropping. It's still strong on both ends [being the international and domestic sides]. Thank God we haven't seen the hit the US has taken."

"The prices at the Ocean Club Residences keep going up day after day. They're selling for more and more. Units there that were selling for $1.7 million are up to about almost $2.7 million now. They've gone up about $1 million in two years, since they put in the first pre-construction. That's an incredible return on your money."