September 13, 2012
Stories this photo appears in:
A PROMINENT developer yesterday warned that first-time Bahamian homeowners must be able to access “the front door” if the Prime Minister’s ambition of sparking a construction boom is to be realised.
The Bahamas Real Estate Association’s (BREA) president yesterday shot down suggestions by one of his predecessors that a ‘three-year moratorium’ on new realtor licenses be imposed, branding it as “not in the best interests of the Bahamas”.
THERE is “absolutely no question” that affordable housing is a challenge on New Providence according to Bahamas Real Estate Association (BREA) and Arawak Homes President Franon Wilson, who told this newspaper the demand for home ownership was “stronger than ever”.
ARAWAK Homes is set to launch its newest line in home models by month’s end, its president telling Tribune Business that proper land planning had allowed it to offer properties at price points representing a 12-year low.
The Bahamas Real Estate Association (BREA) yesterday said it was “over the moon” with the latest global expansion for its Multiple Listing Service (MLS), adding that this would increase the latter’s current 5-10 per cent membership growth rate.
The Bahamas Real Estate Association’s (BREA) president yesterday backed government plans to involve the private sector in building inspections, arguing that it would relieve development “log jams” and create new revenue streams for licensed professionals such as architects and engineers.
The Bahamas Real Estate Association’s (BREA) president is standing by his assessment that the Canadian government’s property deals warning was “pretty harsh”, despite being told that the advisory was a year in the making.
Numbers equivalent to more than 6 per cent of the Bahamas Real Estate Association’s (BREA) total membership have registered for its licensing course since the organisation dropped the rule that barred part-time realtors from operating in New Providence, Tribune Business was told yesterday.
Extending the first-time buyer Stamp Duty exemption beyond its current June 30, 2013 expiration date would be “absolutely huge”, the Bahamas Real Estate Association’s (BREA) president telling Tribune Business these purchasers accounted for “90 per cent-plus” of his company’s business.