Harbour Island Set For Record Year

Harbour Island is set to record one of its best years in real estate, according to Robert Arthur, Coldwell Banker Lightbourn Realty's international award winning sales associate. Arthur said he's just closed on two multi-million dollar sales and he's got several irons in the fire. This is going to be one of the best years for sales on the island  in the village and on the ocean (sea front), he said. There's definitely been a surge. Last year one or two sold on the ocean, this year five Five for sure or six have sold on the ocean. In the village, everything has gone crazy. Pretty much everything has sold, except for one or two homes, Arthur said. Arthur is recognised as an authority on real estate, having earned numerous top international sales awards, one which placed him in the top one percent of a Coldwell Banker global network of approximately 90,000 sales agents in 50 countries and territories. He's also been featured on House Hunters twice. Arthur said Harbour Island's seeing various types of investors, including people who want to transfer some of their wealth from one place to another. In addition to Americans, a few Europeans are moving their money to the Bahamas and demonstrating confidence in Harbour Island, he added. Many of these people become a valuable part of the community, they contribute a lot to the community, he said. Arthur said huge sums of money are being invested in building and renovating homes and that millions of dollars' worth of construction's going on, pumping money into the local economy. For instance, one family is investing at least $20 million into the renovation of just one property. And at least seven properties have changed hands from non-Bahamians to Bahamians. * Your Leading Harbour Island Real Estate Source