April 10, 2012
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INTEREST in the Bahamas’ second home market has improved according to the principal of a Florida-based real estate consultancy firm, describing this destination as “an easy sell”.
Rattled Bahamian commercial bankers were last night nervously awaiting today’s tabling of the Homeowners Protection Bill in Parliament, fearing it will further depress economic recovery and a mortgage market that has already “collapsed”.
A $200 million New Providence real estate project is on pace to sell 24 units this year, its marketing head telling Tribune Business yesterday that the development had been a “huge success” within the Bahamian market.
The value of property assets used to secure Bahamian commercial bank mortgages has fallen by up to 30 per cent, prompting the International Monetary Fund (IMF) to call for this nation to develop “real estate price indices”.
New realty listings dwarf sales by 25:1 By NEIL HARTNELL Tribune Business Editor New properties added to the Bahamas Real Estate Association's (BREA) Multiple Listings System (MLS) during the 2012 first quarter dwarfed those sold by 25 times', one realt