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