Bahamas luxury homes priced to sell

The question on everyone's lips is, "When are things going to return to normal in real estate?" Well, if the "normal" being referred to is the U.S. economy taking off and kick starting our Bahamas real estate and luxury home market, then we need to be thinking about redefining “normal.”

The bad lending practices of the past in the U.S. have indeed impacted on second luxury home sales and tourism in the Bahamas. But behind every dark cloud there's a silver lining.

In the “new” normal, many Bahamas home prices have stabilised to more realistic levels. So instead of hanging around on the market for a long time and going through the inevitable prices drops, the number of sales should start gaining, and more people will again realise the benefits that homeownership offers, for both personal and financial security. With more affordable prices, government incentives and motivated sellers, the Bahamas housing market will be restored to good health.

All of these factors combine to get first-time buyers excited about a home purchase in the Bahamas. As these consumers enter the market, they will trigger other purchases, and the chain of transactions grows. Expect your BREA to work with you to show you the best buys on the market.