May 16, 2012
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A LEADING real estate broker is proposing to stem the tide of a growing number of Bahamians going abroad to study but not returning after they have completed their college or vocational training by tying graduation to affordable housing.
Mario Carey Realty (MCR) has expanded its staff to 22 with nine new appointments, having grown in five short years from just the founder and his secretary.
A leading realtor believes the Government could achieve a “double win” if it implements creative policies to bolster Stamp Duty and real property tax revenues, while also stimulating the ‘investment property’ market.
Top realtors have urged the Government to cut Stamp Duty rates to 6 per cent “across the board” in order to have a “wow impact” in stimulating the housing market and wider Bahamian economy.
AN economic stimulus zone can be created around the $2.6 billion Baha Mar project to help jumpstart business along the West Bay Street corridor, a Bahamian realtor yesterday saying it could become “the new Bahamian Reviera”.
Mario Carey Realty has launched a new division aimed specifically at handling vacation home rentals, a market it believes has unlimited growth potential.
Top realtors yesterday told Tribune Business they has seen “a noticeable pick-up” in the high-end property market in the last two months, with transactions worth $20 million either closed or in the process of completing.
By NEIL HARTNELL
A Bahamian real estate firm has been named to 'Who's Who' in luxury real estate, the award-winning network that has property brokerages in 80 countries. Mario Carey, of Mario Carey Realty, said: "It is a great honour fo