Bahamas Real Estate on the move!

If you think nothing's moving in Bahamas real estate, think again!
Coldwell Banker Lightbourn Realty broker Colin Lightbourn just closed on the sale of a gorgeous condo on Paradise Island in the Bahamas.
The condo at Yolanda was on the market for $2,300,000. After a 30 day process, the condo is in the hands of a happy new homeowner with both parties delighted with the Bahamas real estate transaction.
The new luxury home owner is settling into his spacious penthouse overlooking the harbour with panoramic views of the water and Nassau. With his private gym and a swimming pool – and only a few minutes walk to a beautiful white powder sand beach - he's already enjoying the balmy climate of the Bahamas.
Paradise Island is linked to Nassau by bridge. It's a short walk to the world famous Atlantis resort and marina and near the professional golf course at Ocean Club Estates, which features some of the most luxurious homes on Paradise Island and in the Bahamas
While the Bahamas saw a sharp decline in second home sales last year as part of the global downturn, there's been a spike in activity in recent months.
Our Abaco real estate agent, Mailin Sands, has been very busy with showings in the last couple of months and has several properties under contract. And Pleasants Higgs, our agent in Hope Town Abaco, already has two sales tucked under her belt for the month.
Abaco is a popular second home destination to North Americans, in particular.
William Wong, outgoing president of the Bahamas Real Estate Association, also reports that the second home buyer market appears to have picked up.
The Tribune of Nassau, which interviewed Wong, says buyer traffic and inquiries have jumped by 15-20 per cent year-to-date.
And The Bahamas Real Estate Association is optimistic about the future of the industry in the islands.