April 12, 2012
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Ex-BREA chief: Avoid 'xenophobia driven populism'
A past Bahamas Real Estate Association (BREA) president has urged the Government to stop pandering to “populist politics driven by xenophobia” on potential policy changes impacting the industry.
17% mortgage drop shows 'corner not turned yet'
The Bahamian real estate market has “not quite turned the corner” and is splitting into two, Tribune Business was told yesterday, with the number of recorded mortgages down 17.3 per cent year-over-year for the 2013 first half.
Realtors enjoy 20% high-end sales rise
Sales of high-end Bahamian properties valued at more than $1 million have increased by 20 per cent year-over-year, with top realtors telling Tribune Business that serious buyers are “not just kicking tyres”.
Realtor: '25% or fewer listings' impede MLS as activity gauge
A BAHAMIAN realtor yesterday said the industry's Multiple Listing System (MLS) was not the best indicator of market activity because it only featured "25 per cent or lower" of properties available for sale, telling Tribune Business it would take 10 years for it to list all available real estate.
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