The Bahamas
The Caribbean luxury property market
and in particular the Bahamian market
was undeniably affected by the
economic downturn.
However, now that prices have bottomed
out, we are seeing a marked upsurge in
interest, with clients taking advantage of
being able to pick up five star properties
at reduced prices, in anticipation of prices
increasing once more in the months
and years ahead,” said Philip Button
of Brookes & Co. a London-based
investment company.
House prices are estimated by local
agents to have dropped by 30% to
40% during the period of 2007 to 2010,
mainly due to the adverse impact of the
global financial and economic meltdown,
according to Savills Prime Residential
Retreats 2014 report (there are no official
house price figures).
In 2012 the property market started
to recover, thanks mainly to improved
tourism and a better economic outlook.
The residential property market saw prices
rise by about 10% to 15% in the islands’
more established high-end residential
developments such as Old Fort Bay
and Lyford Cay plus with several multimillion dollar investments coming into the
Bahamas and with the new $3.5 billion
resort in Nassau set to open in March
2015, the Bahamas is on its way back
according to Prime Minister Perry Christie.
Ocean Club Estates encompasses the eastern point of Paradise Island and is one of
the most exclusive oceanfront and golf-course communities in The Bahamas. All of the
home sites are either on the beach, harbour, canal, or golf-course…only a privileged
few will have the opportunity to call Ocean Club Estates their home!
Ocean Club Estates residents enjoy all of the amenities offered by Atlantis and the One
& Only Ocean Club resorts including tennis courts, pools and water slides, beaches,
restaurants, shops, restaurants, spas, fitness centres, a casino, and a concierge
service. Ocean Club Estates is Paradise Island’s crown jewel… residents enjoy true
commitment to world class service and sophistication!
PERFECT HOMES INTERNATIONAL MAGAZINE
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