The Second-Home Island Dream

Even with the global economy crashing in 2008, high end homeowners still had a dream house in mind, according to the 2008 Coldwell Banker Previews International Luxury Survey.
And 27 percent of those surveyed wanted an island. This is no surprise to us, as Bahamas real state has always appealed to second home owners. Our islands in the Bahamas, especially Nassau, Abaco, Eleuthera, Exuma and Harbour Island, have played pied piper to the rich and the famous over the years.
Overpriced real estate listings in the Bahamas have adjusted to more realistic levels, with the price of luxury homes dipping by perhaps ten percent.
According to the Coldwell Banker survey, the typical million-dollar homeowner sees long-term investment gains.
And while 44 percent of those surveyed plan to stay in their primary home for at least 10 years, they also dream of owning the perfect home.
The Bahamas has always appealed to North Americans because of its warm weather, proximity to the United States, and its strong tradition of parliamentary democracy and strong ties with the U.S., our closest neighbour. And we have some of the most beautiful beaches and crystal clear water anywhere in the world.