January 18, 2023
MARIO CAREY
Stories this photo appears in:
Buyers for FTX’s $256m real estate target 30% discounts
Deal-hunters seeking discounts of up to 30 percent are circling FTX’s $256m Bahamian real estate holdings as local liquidators move to secure realtors who will market 34 properties for sale.
Crime fears collapse $18m PI home sale
An $18m home sale in Paradise Island’s Ocean Club Estates collapsed yesterday after the buyer was spooked by The Bahamas’ crime woes, with a realtor warning: “We’re going to pay for that.”
Boost social services with 1% high-end property levy
The Bahamas should raise extra revenue to finance social services by levying a 1 percent tax on all real estate purchases by wealthy investors, a well-known realtor is urging.
Tighten ‘exit strategy’ on failed FDI projects
A prominent realtor yesterday argued that The Bahamas must craft a robust “exit strategy” for when major foreign direct investment (FDI) projects “go south”, adding: “Surely we’ve learned from our mistakes?”
Realtor hails $1bn property sales ‘first’
A realtor yesterday hailed the $1bn in property sales his firm handled in 2022 as a “first” in The Bahamas, and asserted he would “be very surprised” if any rivals were close to matching this performance.
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