Owning a property
in the Caribbean is
almost a guarantee of
a good return on your
investment
Indeed, there is no better way to enjoy the islands
than with a local friend or guide by your side to tell
you where the best restaurants, clubs, beaches,
and diving spots are. Bahamian seafood cuisine
is one of the finest in the world fresh crack conch
drizzled with lime juice and spices, fresh fish boiled
and served with grits, succulent land crabs and
the Bahamian rock lobster. All these dishes are
best savored with local beverages like Sky Juice
(coconut water blended with sweet milk and gin),
Switcher (a refreshing lime drink), or any of the
world-famous Bahamian beers.
The Bahamas real estate market is gradually recovering from the effects of the global recession
as UK and US buyers return to the island looking
for an investment this has created a hot market for
real estate. Already, a wave of new property developments has reached even the outer islands. Although foreigners are not permitted to work in the
Bahamas, investments are encouraged and economic residency is offered to anyone who invests
more than $500,000 (€371,900.00) in the country.
Investment opportunities
The luxury Albany resort in The Bahamas owned by Tavistock Group, Tiger Woods
and Ernie Els has revealed plans for its second phase of its Marina Residences –
Honeycomb. Named for its glass geometric facade and facing the south coast of
New Providence and will house 34 units. The first phase of three, six-story towers
totaling 275,000 square feet with designs by architects Morris Adjimi Architects,
Gwathmey Siegel and HKS Architects will begin du ring the first half of this year.
Luxury units at Honeycomb will range from 3,000 to 8,000 square feet, with prices
from $3 million to $12.5 million – Pre sales to begin via Douglas Elliman but figures
are yet to be released.
For further information visit: www.elliman.com | www.albanybahamas.com
PERFECT HOMES INTERNATIONAL MAGAZINE
243