Coldwell Banker Bahamas Real Estate Blog

Major Investment to Fuel Demand for Nassau Real Estate

2011-02-24 10:45:47 by: Athena Damianos
The development of a $2.5 billion mega resort on Cable Beach here in Nassau, Bahamas, should trigger a strong increase in demand for real estate in the area.
Ground was broken on the Baha Mar resort this week. The China-backed resort is so big it's projected that it could boost GDP by as much as 10 percent. It's being touted as “the golden baby” that will propel the economy forward, outpacing the Bahamas' competitors.
Billed as the most spectacular resort in the Western Hemisphere on tap, it's the largest private investment project in the history of the Bahamas.
Baha Mar will showcase four hotels, a convention centre and the biggest casino in the Bahamas and Caribbean region. Thousands of jobs are expected to be created.
The spin-off benefits are expected to be huge. The development will undoubtedly fuel demand for homes and commercial property in the surrounding area.
This is a good time to invest. Whether you're in the market for a townhouse , an apartment or a luxury home, our Nassau real estate agents are on it!