Nassau's Harbourfront Finally getting it's due!

Just when you think the good news for real estate in The Bahamas is starting to fizzle, we get the news that the government of The Bahamas has finally signed the deal to move the main shipping terminals from the ultra-valuable Nassau Harbour front to a more effective and environmentally friendly area to the west of the main harbour.

In a news release today, The Tribune reported, "Wider distribution of the profits from the freight shipping industry, reduced cost of living for Bahamians and the facilitation of the redevelopment and revitalization of downtown Nassau were highlighted as the major benefits of a signing between the government and private investors to develop Arawak Cay into New Providence's freight hub yesterday."

For the real estate industry in The Bahamas this means that downtown Nassau can be transformed into the charming harbour front city it used to be! New opportunities for commercial and residential development are imminent and I can tell you that most citizens and residents are extremely excited for the probable economic benefits.