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Bahamas realty market sees uptick

While real estate sales are mixed around the region, according to Caribbean Journal, one market is performing very strongly: The Bahamas. CJ recently reported the jurisdiction has seen a 20 per cent increase in real estate sales volume last year, however the Bahamas Real Estate Association (BREA) President Carla Sweeting has since responded, saying that while the sector is continuing to recover, gains have not been that significant. Read our excerpt from the Caribbean Journal's story here. 

Source:
Date:
Updated:
Caribbean Journal
Wednesday, March 2, 2016
Wednesday, March 2, 2016

Real EstateWhile real estate sales are mixed around the region, one market is performing very strongly: The Bahamas.

The 700-island archipelago seems to be surging, according to a new report from Integra Realty Resources.

The Bahamas saw a 20 percent increase in real estate sales volume last year, according to data from the Bahamas Real Estate Association’s MLS.

That came with a 5 percent increase in the average sales price, according to the report, which was authored by James Andrews.


Last year, sales volume stood at $216.14 million, with an average sale price of $517,086.

Those numbers were up from $180.29 million and $492,585 million, respectively, in 2014.

This is an excerpt from Caribbean Journal as it appeared on March 2, 2016. For updates or to read the current version of this post in its entirety, please click here.

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  • investormoderator

    This week Carib Journal claimed that The Bahamas’ real estate market saw a 20 per cent surge in real estate sales in 2015, based on data from the Bahamas Real Estate Association (BREA). BREA President Carla Sweeting has since responded, saying that while the sector is continuing to recover, gains have not been that significant. Read Sweeting’s update here: http://ow.ly/YZQIY

  • investormoderator

    This week Carib Journal claimed that The Bahamas’ real estate market saw a 20 per cent surge in real estate sales in 2015, based on data from the Bahamas Real Estate Association (BREA). BREA President Carla Sweeting has since responded, saying that while the sector is continuing to recover, gains have not been that significant. Read Sweeting’s update here: http://ow.ly/YZQIY

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